In the past, I have shared with you how multiple timeframes analysis substantially increases your trading profits (check out this post for a simple overview). But since the Morpheus system focuses on short to intermediate-term swing trading, my blog posts have always concentrated on daily, weekly, and monthly chart timeframes…until now. This time, I share with you […]
In my previous blog post, I said that indecision and choppy price action near the highs “is often a warning sign that a substantial pullback may be just around the corner (especially when combined with higher volume selling in the broad market).” Fast forwarding two weeks later, stocks have indeed slid lower, weighed down by continued distribution (higher […]
Two weeks ago, day-to-day volatility, indecision, and choppy price action in the stock market started picking up substantially. When indecision and choppy price action starts appearing after an extended rally, it is often a warning sign that a substantial pullback may be just around the corner (especially when combined with higher volume selling in the broad […]
Whenever I post an educational trade review on this blog, the technical trade setup is usually of the breakout or pullback variety (details here). Today, I’m excited to walk you through a different kind of Wagner Daily trade that was recently bought and sold with a 15% price gain over just a 3-day holding period. Trading The “IPO […]
When I was a new trader many years ago, I hated being wrong with my market analysis and stock picks. I was also quite reluctant to admit when I was wrong. But I eventually learned there is absolutely nothing wrong with being wrong, just as long as it is done the right way. Whew! Got that? […]
Not surprisingly, stocks moving up while I suggested the possibility of them moving down led to an assortment of emails from readers who were quick to point out how “wrong” my analysis was. But here’s the amusing irony of the situation. The act of suggesting I am “wrong” because the stock market has not yet fallen apart is actually wrong because…
For the past five weeks, the S&P 500 and NASDAQ Composite have been stuck in choppy, sideways ranges. However, the good news is my top leading technical indicator is strongly hinting that stocks may finally be ready to make a significant, definitive move in the coming days (albeit to the downside). Here’s a few short selling stock picks for trading such a downside move…