Is the SPX Putting in an Island Top?
Jeff Cooper’s Daily Market Report Is the SPX Putting In A Island Top at a Test Of the January Record High? A look at the position of the index as this morning’s gap down threatens to leave an Island Top following a test of the Island Top from January. A stab below the July high has the […]
Continue Reading -->My Favorite Day Trading Strategy for ‘Flawed’ Setups
Sami Abusaad | Black Room LessonsIn theory, only patterns with no major flaws should be playable. However, such patterns are rare, and limiting one’s trading to picture perfect patterns will virtually guarantee missing out on most days. As such, some patterns that are not considered “flawless” should become playable if the stock makes a move […]
Continue Reading -->Options Update: CROX Is Still Alive!
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to be a follow-up on CROX. The stock has had a crazy couple days following earnings so we will talk about what’s next.
Continue Reading -->The Million-Dollar Secret to Capturing Earnings Explosions
Jeff Cooper’s Daily Market Report See a walk-through of how to play earnings this morning using case studies of ROKU, SRPT, and GTHX. Learn how big picture patterns or Opening Range Breakout are used to score big wins in these names.
Continue Reading -->Tesla: The Stock That Launched a Thousand Shorts
Tesla (TSLA) Tuesday was a one/two punch to the shorts in the stock. First, the news the Saudi Sovereign Fund had built a position. Key word, ‘had’. Then, remarkably coincidentally, Musk’s tweet about ‘considering taking TSLA private at 420.’ I don’t believe in too many coincidences in the market any more than hope is a strategy. […]
Continue Reading -->Options Case Study: When a Goose Follows a W
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to talk about GOOS. The trade has some parallels to W that reported last week, which factored into the close of the position ahead of earnings.
Continue Reading -->A Unique Way to Catch Tops and Bottoms By Going Against the Trend
Sami Abusaad | Black Room LessonsIn the stock market, what seems low often goes lower, and what seems high tends to go even higher. However, most traders can’t resist a good bargain. The temptation to buy a falling stock is usually exasperated by the fact that falling stocks occasionally have notable bounces, perhaps on high […]
Continue Reading -->Why This Is Such an Important Week for Traders
August 8, 1908 is the day Gann said he discovered his Master Time Factor. The likelihood is he was being cryptic, as usual. You have to remember that Gann sold courses back in the 1930’s for as much as $5,000, equivalent to the price of a big house. There is a significant cyclical signature in […]
Continue Reading -->2 Bearish Signals That Would Confirm a Turning Point
We’ve been flagging August 8, 2018 as a possible big cycle turning point for over a month now. In concert with this potential time frame, we noted a possible square-out on the SPX yesterday as August 7/8 ‘points to’ 2863. The SPX spiked up to 2863 and sat there all day tailing off and leaving a […]
Continue Reading -->The Basic Structure of a Black Room Trade: Part 2
Ifan Wei | Black Room LessonsA previous video discussed the necessary components of every trade, and how they affect the probability for a winning trade. This video explains why they are necessary even though they reduce chances of being “right.” Watch the lesson, then join this week’s Black Room Open House.
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