Profitable Ideas Each Market Day
LAST UPDATE:04/21/15 04:35 PM ET
A trendline breakout above Nasdaq-100 4450 would improve broad technical tone because Nasdaq-led breakouts tend to be Pied Piper events, dragging SP-500 and Russell-2000 to higher ground.
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|Price moving against a strong trend rebounds sharply|
How Should You Trade The 7-Bells?
|High volume events print the future direction of price|
|Constricted price gives way to directional movement|
|Gap downs after strong rallies signal a trend change|
|Candles flag reversals in the next smaller time frame|
|Weak markets drop fast after rallying into resistance|
|Breakouts through a triple top signal major uptrends|
Morning Trader Archive Search
7-Bells are not stock picks! All site participants, please read: Important Advice on Trading Risk and Site Disclaimer
ON THE EDGE
Veteran trader Larry Pesavento points out a powerful tape reading tool called the "opening price principle". Through years of observation, he discov... More
TIPS & TECHNIQUES - Trade Management
Decide in advance how actively you should manage open positions. The pros watch every tick and act on short-term swings. Part-timers read the morning paper and learn everything they need to know. Your own efforts need to fall somewhere in between.
Traders are carefully watching a critical level in Old Dominion Freight (ODFL) which is setting up a possible breakout buy opportunity.... More
The stock market indices started the week off with a bang as they gapped up, ran all morning, consolidated midday, ran again in the afternoon, but bac... More
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