Best Time To Buy A Stock! (Entries Lesson!)
Published on Nov 14, 2016 by Sean Dekmar @DekmarTrades
To watch video http://bit.ly/DT11142016To get scanners http://bit.ly/TI-BZDownloadScanner
Thursday, December 21, 2017
Every day after the close, our Support Forum and Trading Chat Moderator, Barrie Einarson, posts a new video showing you the exact trades he engaged in during the day.
http://bit.ly/TIDailyReCap
http://bit.ly/TIDailyReCap
A MISTAKE OFTEN MADE. http://bit.ly/RWO-BZ12212018
A mistake often made.
As we head into Christmas and the New Year, I feel compelled to remind you that not every day is a good day to trade. A mistake often made by short-term traders is thinking they have traded just because they happen to be sitting in front of their computers. It’s a painful lesson I learned the hard way. There are times to trade aggressively, and there are times that it’s much wiser just to stand aside. Quality of trades is far more important than quantity of trades. I know it seems sounds cliché’, but less is quite often more. Market volume is likely to remain sub-par between now and the first of the year. If you do decide to trade, make sure you have a well thought out plan and are willing to endure a lot of choppy price action.On the Calendar
Today the Economic calendar is overflowing with reports but only three that have the power to move the market. First at 8:30 AM, is the very important GDP number. Consensus says the overall number will stay unchanged at 2.1 % with consumer spending remaining unchanged as well. Weekly Jobless claims which are also at 8:30 AM are expected to come in at 234K a slight decline of 1000 from last week. Then we get the Philly Fed Business Outlook, also at 8:30. Consensus for December has the outlook coming in with a slight decline at 21.8 backing way from a 48-year high.
On the Earnings Calendar, we have just over 20 companies reporting today some that could have a market impact. Noteables before the bell are CAG, KMX, RAD, and PAYX. After the bell, we will hear from CTAS, NKE, and CAMP.
Action Plan
Sellers were quick to respond the yesterdays 100-point-gap with profit taking. After reaching price support level in just a few minutes after the open volume died on the vine and we slipped into choppy action. As of now, there is no technical damage to the overall trends, but there is certainly reason to elevate caution. Dow futures are currently pointing to a slight gap up open but keep in mind that could quickly change. We have 3-important economic reports and some earnings that could easily make the open better or worse in the blink of an eye.
As for me, heading into a long holiday weekend, I plan to avoid adding any additional risk. Anything can happen over long weekends, so I’m more likely to seek the security of being in cash. Of course, I’m only talking about short-term holdings; with long-term trades, I will stay the course. After the morning rush, I expect volumes to diminish quickly. Choppy directionless price action could easily dominate the majority of the day. With the new year only a few days away it just seems foolish to risk giving back the any of the fantastic profits in a low volume market.
Trade Wisely,
Doug
Market Update Dec 20 2017 http://bit.ly/TW12202018
Published on Dec 20, 2017
Tuesday, December 19, 2017
Dow 25,000?
The bulls appear to have limitless energy to drive the market higher. Is Dow 25,000 in the cards? With Congress likely passing the Tax Reform bill today and the VIX indicating No Fear it certainly seems possible. Exciting, yes, but let’s not get too overconfident or complacent. Let’s remember we are still facing a government closure this weekend unless Congress can get their act together and pass a budget. A failure to do so would likely send shock waves through the market so stay focused on price and have a plan if the tide starts to go out. It would also be wise as you plan the rest of the week that volumes may quickly begin to decline as traders take off for Christmas. A trade may look perfect, but without volume, it can’t move and do you want to be holding a lot of open positions over the holiday. Something to ponder as you look ahead and assess the risk.On the Calendar
Tuesdays Economic Calendar kicks off at 8:30 AM Eastern with the Housing Starts Report. October saw a sharp acceleration with starts up 13.7% with permits up 7.4%. Forecasters expect November to moderate with starts coming in at 1.240 million annualized vs. 1.290. Permits pullback slightly to 1.270 million annualized vs. 1.316 in October. After that, we have a couple of reports unlikely to move the market, a bond auction, and a Fed speaker at 1:10 PM.
On the Earnings Calendar, we have just over 30 companies reporting today. After the bell, a couple of earnings report to take note of is RHT and MU. Continue to reinforce the good habit of checking earnings dates on the stocks you own or are thinking about buying.
Action Plan
New closing record highs across the board on the major indexes yesterday. If I heard it correctly, the Dow has amassed 85 new records so far this year. What an amazing year! While the markets continue marching higher, the VIX is once again testing historical lows. Fear of a market correction at least for now is not at all on the mind of traders and investors. The Tax Reform bill is likely to pass today, and then Congress has to deal with the pending government closure coming this weekend. We could see some volatility due to the D.C. news cycle as a result so stay on your toes. Complacency is dangerous!
As of now, the futures are pointing to a small gap up open. At the open, the Dow will likely be less than 150 points from a 25000 print. Can the bulls get it done this week? We have some bigger earnings reports after the bell today that could certainly help if they report well. As for me I will continue to trade long positions with the overall trend and will continue to look for new trading opportunities. However, I will also need to keep in mind that volumes could quickly begin to diminish as Christmas draws near. Plan accordingly.
Trade Wisely,
Doug
Monday, December 18, 2017
@TradingWins Vince Vora's Market Update For Dec 18 2017
In tonight's video:
1) More green on the screen as stocks continue making new all-time highs. The Dow Jones Industrial Average gains 140 points, the S&P 500 added 14 points while the Nasdaq-100 jumped 58 points and the Russell 2000 closed higher by 18.50 points.
2) The volatility roller coaster ride for TLT continues as the 20-yr+ treasury bond ETF dropped back to its 20-period simple moving average. Gold also moved closer to its 20 SMA while crude oil closed slightly lower.
3) The daily charts of two Dow components are almost a perfect mirror image of each other. WMT has been consolidating after trending higher for most of the year while GE has been consolidating after a sustained move lower. See http://bit.ly/TW12182017
Christmas Gift
http://bit.ly/RWO-BZ12182017
Sunday, December 17, 2017
@TradingWins update
1) Stocks closed higher once again on Friday on the likelihood of a Republican tax bill getting approved. The Dow Jones Industrial Average gained 143 points, the S&P 500 added 23 points while the Nasdaq-100 jumped 80 points and the S&P 500 closed higher by 23 points.
2) It was a fairly quiet end to the week for Gold and Crude Oil futures along with TLT (20yr+ Treasury Bond ETF). The U.S. dollar however, bounced back strongly on Friday and is still showing signs of a potentially much bigger move ahead.
3) There are five more trading sessions before the Christmas holiday and they will be packed with news.
http://bit.ly/TW20171214
http://bit.ly/TW20171214
Saturday, December 16, 2017
Trade Ideas Podcast Episode 47, “Our Season Finale Cliffhanger”
— December 15, 2017
To Listen http://bit.ly/TIPodcast47 @Quantbot @TodayTrader @BradDoubleU
To sign up for our FREE Trade of the Week bit.ly/TITOWBZ
— December 15, 2017
To Listen http://bit.ly/TIPodcast47 @Quantbot @TodayTrader @BradDoubleU
To sign up for our FREE Trade of the Week bit.ly/TITOWBZ
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