Markets remain in a clear downtrend, so cash is king for those who operate from long side only until there is a clear buy signal. With the S&P 500 down six days in a row and lower in nine of the past twelve, there isn’t much out there in terms of low risk entry points […]
Market Remains In Sell Mode : The S&P 500 has been in distribution mode since breaking down below the rising 10-week moving average (MA) in early October and has yet to show any signs of bottoming. Bearish momentum is building on the weekly chart below with the 10-week MA crossing below the 40-week MA. Note […]
Current stock market conditions are not yet ideal for leaning on the “buy button,” but here are three recent, high volume gap ups ready for pullback entry. Stocks that have gapped up on big volume are often the best stocks to buy. This is especially true when a stock gaps to a new, all-time high following a […]
Institutional funds have rotated into blue chip stocks over the past weeks, enabling the Dow Jones Industrials to outperform the other market indexes. Are traders and investors suddenly in love with old school, large cap companies like Coca Cola more than the tech darlings? No, this is merely sector rotation — a healthy and normal […]
When market conditions are solid, breakaway gap ups are a powerful buy signal that can produce gains of 40-100% in just two to three months of trading. Breakaway gaps have produced some of the biggest movers in our Wagner Daily model portfolio throughout the years. In 2017, we bought Applied Optoelectronics ($AAOI) after a breakaway […]
Last week, we officially launched our new cryptocurrency swing trading newsletter for Bitcoin technical analysis — CryptoPicks. Bitcoin ($BTC-USD) was trading just above 6,700 at that time (Aug. 27). It was also attempting to break out from a bullish consolidation pattern with higher lows. Due to the bullish price action, we listed $BTC-USD as a […]
Labor Day is time to celebrate your hard work and achievements of the past year. It’s also a fantastic reason to get together with your family and friends to enjoy burgers, hot dogs, beer, and other gluttonous goodies. For the next five days, I am honoring your labor of mastering the stock market with an […]
If you are interested in stock market seasonality, you may like to know how stocks have historically performed around the Labor Day holiday. Since we are technical swing traders who follow a disciplined, rule-based trading strategy, it frankly does not matter to us. Nevertheless, seasonal stock market trends make for interesting reading and trivia. CXO […]
If you trade Bitcoin (or have wanted to), you’re gonna’ love this awesome new service — CryptoPicks™ About seven years ago, I began swing trading Bitcoin with a small amount of personal capital. I wanted to see if the proven Morpheus system for picking stocks in our nightly trading newsletter worked equally well for Bitcoin […]
Last week, I was contemplating my recent ETF options trading performance because it seemed less satisfactory than my prior year’s performance. I was still feeling pretty good because of locking in $65,000 in ETF trading profits over the past 30 days, but that winning run followed what I thought was a dismal January/February. Instead of […]
