Profitable Ideas Each Market Day
LAST UPDATE:01/28/15 04:37 PM ET
Energy stocks got hit with heavy selling pressure out of the gate on Wednesday, intensifying after weekly inventories reported the biggest glut in several decades. WTI crude oil futures hugged weekly lows around 45 and then rolled over to a bear market low, and could test 40 in coming days.
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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|
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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
Trade with the buy- or sell-swing within the market. Most of the time this tracks a three-day cycle for swing traders and a 21-day cycle for position traders. Find your place in the swing and take advantage of those who execute against nature.
Caterpillar (CAT) shares shattered support at the $85.00 per share level on an earnings miss this morning.... More
The stock market had a difficult session starting with a hit to the downside due to the Greek election system and other foreign news. The indices mana... More
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