Profitable Ideas Each Market Day
LAST UPDATE:07/29/15 04:55 PM ET
Twitter (TWTR) blew up on Wednesday, dropping another 14.50% to a 52-week low. The media gushed over the new CEO's honesty but traders weren't impressed, selling aggressively because it's failing to monetize their clientele.
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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
Don't try to interpret the news on a fundamental basis -- just stick to the charts and play the numbers. When you second-guess yourself because a release looks bullish or bearish, you'll hesitate just as the best trade is being offered to you.
As we head into today's Federal Reserve announcement, let's quickly update our key levels on the "big three" US Stock Market indexes.... More
The stock market indices had a very good session today. The day started out with a pop to the upside, the Nasdaq 100 pulled back, which was weaker in... More
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