How To Spot a Stock Torpedo
Last week we did a write-up on the bullish set-up in BNTX. Subsequent to the article, on Thursday BNTX exploded 5 points, flirting with a 2 month triple top breakout in the 59 region. Going into Thursday’s session Hit & Run members still held 2 separate long swing positions in BNTX: The original with an average cost basis […]
Continue Reading -->Wave 2 Virus VS Wave 3 Market?
“Sailors fighting in the dance hall Oh man, look at those cavemen go It’s the freakiest show.” – Life On Mars, Bowie by Aurora Last week saw the buying stampede in the growth glamours we traffic in continue prompting a gap to another new all-time high in the NAZ on Tuesday. However, the euphoria started to fade […]
Continue Reading -->What’s Next for Markets?
Are we dropping? Is it time to buy the dip? These are just a few of the issues Mark tackles in the latest Newsbeat show: Mark also covers: The truth about “letting your winners run and cutting losers short” How to be a more patient trader His perspective on the Covid-19 crisis Whether the Fed […]
Continue Reading -->When the Stars Align in the Gold Miners
Bill O’Neil taught me that around 50% of breakouts pullback to test/probe the breakout point. We anticipated a Rule of 4 Breakout in GDXJ last week. This is a breakout over a 3 point trendline. You don’t typically see quadruple tops or bottoms, so the 4th time through is usually the real deal. Not all breakouts are […]
Continue Reading -->The Usual Suspects Bounce
“I picked up my bag, I went lookin’ for a place to hide When I saw Carmen and the Devil walkin’ side by side I said, hey, Carmen, cone on let’s go downtown She said, ‘I gotta go, but my friend can stick around.’” – The Weight, The Band “I fear not the man that […]
Continue Reading -->Today’s Powerful Bearish Setup in QQQ
QQQ had a setup in the market on Wednesday that resulted in a selloff. Sami often uses this setup in his own trading, and he can show you how you can apply it to your own strategies. In this video, Sami explains: – Why QDEL’s breakout failure is different from the one Sami trades – […]
Continue Reading -->Options In Play – The FAANG Indicator
Everybody’s worried that the market is due for a correction but everyone is piling into FAANG. The group is now turning into the critical make-or-break basket of stocks for the market.
Continue Reading -->The First Mouse Gets the Squeeze, the Second Mouse Gets the Cheese
“What the wise man does in the beginning, the fool does in the end.” – Howard Marks If you just listen to the news, you heard that the NAZ scored a record high on Tuesday and that for the first time since last December, the leading index, the NAZ, scored 8 consecutive higher closes on Tuesday. Everything […]
Continue Reading -->Prop Trader Market Update: June 23, 2020
This market update is brought to you by our new Pro Trader Boot Camp. In this video, pro trader Derrick Oldensmith shares how he’s been navigating the market chaos: Derrick explains: How he turned a losing short trade into a winner How he uses trade and money management in challenging market conditions The basics of […]
Continue Reading -->Options In Play – Revisiting Losing Trades
The thesis may be right but the time frame may be wrong. That’s one of the risks associated with options because of their fixed expiration dates and it creates plenty of scenarios where I need to revisit already-losing trades.
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