New eBook: The Ultimate Trading Journal
In this business, success and failure are 100% on an individual’s shoulders. You make all your own choices and decisions, which directly impact whether you win or lose. To become a successful trader, you need to develop expertise through practice and constantly improve yourself. Journaling can help you accelerate your learning curve and become successful […]
Continue Reading -->Coffee With Greta: Sticky Inflation Pushes Down Stocks
DJIA Futures: -147 (-0.4%) SPX Futures: -23 (-0.6%) NASDAQ Futures: -75 (-0.6%) Good morning friends! Futures are sliding following the release of hotter-than-expected wholesale inflation data. Let’s get right to it! Wholesale Inflation Runs Hot Wholesale prices rose more than expected in November, dampening the market’s hope for falling inflation. The Bureau of Labor Statistics’ […]
Continue Reading -->NET: Anatomy Of A Killer Trade
On Tuesday Hit and Run members covered a short in NET as it left an hourly Train Tracks buy signal. All trading is contextual and the hourly reversal led to the Lizard buy signal on the dailies. However, the main factor underscoring upside potential in NET is it continued to grind higher on Tuesday in the midst […]
Continue Reading -->Coffee With Greta: Traders Still Assessing Economic Risks
DJIA Futures: +151 (+0.5%) SPX Futures: +23 (+0.6%) NASDAQ Futures: +68 (+0.6%) Good morning friends! Futures are higher as traders continue to assess the risk of an economic downturn. Let’s get right to it! GameStop Reports Steeper Loss, Weaker Sales Than Expected GameStop (GME) shares are up 0.4% ahead of the open despite reporting weaker-than-expected […]
Continue Reading -->How The Wheel Of Time & Price Forecasts Markets
A cube has 6 sides. This means that the market will repeat itself every 6 intervals. That means you should check back every 6 days, 6 months, 6 years of (6 X 10) 60 years and the market will repeat itself. Be careful as the market has inversions in those repeat time cycles. That means, […]
Continue Reading -->Near-Term Trend Turns Down With Authority
In Tuesday morning’s Hit and Run Report, An Angle Of Attack To The Downside, we stated: “As we know there was a Time/Price square-out (balancing-out) at 407.5 (4075 SPX). This is because 407/408 is 180 degrees straight across and opposite October 13, the low of the year. This is proof that the stock market moves remarkably […]
Continue Reading -->Coffee With Greta: Recession Fears Still Rattling Traders
DJIA Futures: -68 (-0.2%) SPX Futures: -15 (-0.4%) NASDAQ Futures: -78 (-0.7%) Good morning friends! Futures are sliding as traders continue to be rattled by recession fears. Let’s get right to it! Mortgage Demand Slides Despite Lower Rates Mortgage demand fell again last week even as rates dropped. The Mortgage Bankers Association reported overall application […]
Continue Reading -->Kira Turner Talks Trading, Skydiving, Scubadiving, and Rodeos
Inner Circle’s Kira Turner appeared on the Madam Trader podcast to talk her trading career, and her fascinating history in high-stakes sports like rodeos and skydiving: After you listen, check out Inner Circle.
Continue Reading -->Coffee With Greta: Recession Fears Grip Wall Street
DJIA Futures: -39 (-0.1%) SPX Futures: -1 (-0.02%) NASDAQ Futures: +12 (+0.1%) Good morning friends! Futures are flat as traders remain on edge following Monday’s rout. Let’s get right to it! October Trade Deficit Jumps Less Than Expected The U.S. trade deficit rose less than expected in October. The Commerce Department reported that gap jumped […]
Continue Reading -->What’s A Soup Nazi Sell Signal?
Fast moves come from false moves. But how to get on board before the train leaves the station? My Soup Nazi sell signal does a good job of identifying these situations.. A Soup Nazi sell signal is a new 20-day high that reverses back through the prior high of a 20-day look-back the same day […]
Continue Reading -->Coffee With Greta: Chinese Stocks Jump, Oil Prices Rally
DJIA Futures: -164 (-0.5%) SPX Futures: -20 (-0.5%) NASDAQ Futures: -50 (-0.4%) Good morning friends! Futures are dropping as traders await more key economic data this week. Let’s get right to it! U.S.-Listed Chinese Stocks Rally Shares of Chinese companies listed in the U.S. are rallying ahead of the open as the country continues to […]
Continue Reading -->