Today’s Trading Lesson…
What you are about to read is a true story…
The names and places are real.
If you’re trading longer than six months, you have many unanswered questions. This document holds the answers. It’s your guide out of the fog
They say “the rich get richer and the poor get poorer,” today you will learn why. After today, your trading life will never be the same.
These pages reveal something very few traders ever discover.
If you’ve always believed there is a secret you were missing, you were right.
If you believe bull flags, bear flags and breakouts are the path to six-figure trading, you are wrong.
This document shows you why the trading success that has eluded you– isn’t what you do with the charts, but rather what you see in the charts.
It’s a deeper understanding of the tape that shows you how to manage a trade, before you place the trade.
You’re looking at the same charts, but now you understand what to do– because it’s now clear. Think Neo in the Matrix.
Six-Figure trading becomes an understanding, not an activity.
Before we get started, consider this:
Today you have instant access to more information than any trader does in history. You have StockTwits, Twitter, trading apps, and of course the rest of the internet.
Today you possess greater technology, speed, and charting platforms that can analyze data and execute trades faster than you can blink.
You have more bandwidth, more RAM, and more indicators, and yet you still struggle to get past break-even.
How is that even possible?
On the Tape Today...
$CAT 11-25-16 (Click to Enlarge)
$CAT order flow remains solid and represents one of the few stocks that possesses solid room to go. Looking to enter a new swing trade with $107 as the target to sell. (see chart)
Active Trading Masters Program | Course Outline
Here’s when markets close on Black Friday
On the day after Thanksgiving, stock-trading volumes are typically half of the level of a standard trading session.
The New York Stock Exchange and the Nasdaq will close at 1 p.m. Eastern time on Friday, while the Securities Industry and Financial Markets Association recommends a 2 p.m. Eastern closure for bond markets. Sifma also recommended that markets close on Thursday.
There was no U.S. floor trading for metals and energy futures on Comex and the New York Mercantile Exchange on Thanksgiving Day. And futures exchange operator CME Group mandates an early close of 1:45 p.m. Eastern for its energy and metals trading businesses that day.
And for what it’s worth, livestock futures close at 1:15 p.m. Eastern on Friday, while lumber trading wraps up at 1 p.m. Eastern.
Here are Goldman’s 2017 forecasts for stocks, oil and more — in one chart
This year has been particularly bad for many in the predictions business, but that isn’t stopping market forecasters from doing their thing.
A team of Goldman Sachs analysts led by Charles Himmelberg has offered 2017 targets for a range of asset classes.
Their forecasts for the S&P 500 SPX, +0.08% , major currencies, the 10-year Treasury yield, oil prices, gold prices and more are shown in the chart below.
Don’t dream big, if you think Goldman’s targets have merit. The analysts largely don’t see big gains.
“Valuation levels for equities and especially bonds remain highly elevated by historical standards, so expected returns appear to be low across most asset classes,” they wrote in their “Top Ten Market Themes For 2017” note, dated Nov. 17.
Continue Reading on marketwatch.com
Stock Market Today: Heatmap of the S&P 500
Stock Trading Today 11-25-16 | Black Friday Begins
Caterpillar Leads Dow Higher; Nasdaq Lagsances
Stocks stepped back Wednesday afternoon as a truckload of economic news was dumped on the market.
The Nasdaq sliced off 0.3%, while the S&P 500 was just under flat. The blue chip Dow Jones industrial average inched up 0.2%, hitting fresh all-time highs. Volume in the stock market today was down on both major exchanges.
Low volume on the eve of Thursday’s Thanksgiving holiday is normal. The market will reopen Friday for a shortened session, which will end three hours earlier than usual.
Blue chips were mostly up with Caterpillar (CAT) leading the 30-stock Dow. Shares of CAT gapped up 2.7%, perhaps helped a bit by strong earnings from Deere & Co. (DE). Caterpillar’s stock has been on the comeback trail since bottoming in January. The stock is up about 40% year to date and up about 11% during the so-called Trump rally, which began after the Election Day close.
Continue Reading on investors.com
Tape Reading the SPY ETF
$SPY continues to trade well-bid and hover near all-time highs.
It’s hard to rain on this party but the chart shows a crack. The heaviest volume day of the last six advances, produced a distribution day.
The shares traded could very well be profit taking but smart, professional traders must make note of this and see if the patterns persists as the stock market pushes higher.
Remember, institutions sell on the way up…
Stocks in Play: $DIS research on finviz.com
$DIS | Disney – The Only Things You Need To Know
The Walt Disney Company (NYSE:DIS) is not a simple operation. The company shows its movies all over the world, operates theme parks on three continents, runs TV networks over cables and through satellite, and has a small navy of cruise ships.
That being said, I often find that reducing an investment thesis to its bare essentials aids in determining what needs to go write for the investment to work.
For Disney, the biggest brick in its “wall of worry” its shares would need to climb to advance is ESPN subscriber losses. ESPN is the backbone of the company’s Media Networks division, which is the largest segment of the company.
Continue Reading on seekingalpha.com
Stocks to Trade 11-25-16 | Black Friday Edition
Short-Term Trading Momentum:
Positive the last 20 and 5 trading days | closed 2% higher from the open: DE, CLVS, URI, WYNN, RRC, NTNX, X, COF, APA, EOG, JWN, YELP, APC, DVN, HES, SM, CELG
Negative last 20 and 5 trading days | closed 2% lower from the open: acia, twlo, aem
Quarterly Order Flow:
Bullish Stocks to Trade: DE, IONS, URI, CAT, X, COF, APC, KMX, ADI, UNH, AET, BHI, GS, UAL, PRU, STT, CVX, LRCX, ADSK, CELG, KSS, VLO, ADNT
Bearish Stocks to Trade: aem, nem, trip, vtr, hcn, nee, cvs, fslr, amgn, agn,
2x Normal Volume: LLY, DE, URBN, MDT, ADI
Inside days: kmi, cvs, xom, hbi, cop, dow, qcom, nflx, mos, hal, oxy, etp, wfm, amgn, dd, slb, nwl, tjx, apa, lvs, kss, kors,