Relatively flat day in the main stock market indexes today, but unimpressive action in leading stocks. Could just be a bit of sector rotation. Volume tracking lighter, which is positive. For now, simply managing individual positions appropriately. Just make sure you don’t get caught being a LTPC.
Here is today’s video analysis of a few stocks setting up for swing trade entry ($CBM, $VFC, $VRSK, $SCSS):
Equities surged on Wednesday on mixed trade. All five major indices posted solid gains. The advance was led by the small-cap Russell 2000 and the S&P MidCap 400. The small-cap index tacked on 2.1% while the S&P MidCap 400 climbed by 1.9%. Although the DJIA and S&P 500 posted reasonable gains of 0.7% and 0.9% […]
After consolidating in a sideways range for five days, the Nasdaq Composite broke out to a fresh six-month high yesterday. Leading stocks outperformed the broad market as well, enabling the swing trading stock and ETF picks of our premium newsletters to surge higher. But now, recent price action in the broad market has been perfect for […]
Coming into today, we had a buy trigger in the Wagner Daily newsletter on SOXL just above the January 31st high (Our buy signal was based off the bullish reversal candle of January 30th). However, SOXL gapped to open above our trigger. When stocks gap beyond our trigger, we wait to see if it can rally […]
Stocks ended Tuesday’s high volume session virtually flat. The Dow Jones Industrial Average and the S&P MidCap 400 slid 0.16% and 0.1% respectively. The S&P 500 finished marginally lower, while the Nasdaq ended the session fractionally higher. The small-cap Russell 2000 closed flat. Sectors exhibiting the most relative strength were gold, biotech, real estate, transportation […]
Following a sizeable morning gap down, stocks fought their way back to close near session highs. Trade was light. All five major indices closed lower, with the small-cap Russell 2000 incurring the biggest loss on the day. The high beta index slid 0.8%. The S&P MidCap 400 dropped 0.5% while the S&P 500 lost 0.25%. […]
As traders, we are constantly in a battle between the need to think independently and avoiding the urge to fight market momentum. A trading idea can be correct, yet end up losing money because the trader (the “individual”) believes so strongly in the trade that they fight the market’s momentum (the “group”). This often occurs […]