Profitable Ideas Each Market Day
LAST UPDATE:09/29/14 04:58 PM ET
Chips, transports and rate-sensitive instruments showed resilience on Monday but distribution was widespread and the session did little to encourage bulls to get off the sidelines, where they could remain into earnings season.
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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 - Trading The News
Remember that you're a trader, not a gambler. Never buy or sell before economic numbers just to play the release. These are lottery tickets that have no place in a sound trading discipline. It's even worse if you make money by doing it because the profit reinforces a horse race mentality.
You may not be aware that Disney (DIS) is one of the strongest trending stocks in the Dow Jones and S&P 500 right now and has been since its breakout... More
The stock market indices ended the week with a bang and followed through on yesterday's late attempt at basing, with a nice opening, a pullback, and... More
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