Two China Stocks Break Out on Massive Volume


Today two monster stocks broke out on the highest volume of the past year for $BABA and the 2nd highest volume of the year for $BIDU. $BABA's average 10 day trade volume is 17 million shares, today it traded 72.5 million shares during market hours and another 25 million shares in the after hours and closed up 3.32% on the day. This was a huge amount of bullish bets on $BABA … [Read more...]

The First 12 Questions for a Trader to Answer


                  What time frame will you be trading in? This establishes your needed screen time. What will be your specific entry signals? What price action or technical indicators will get you into a trade? What will be your specific exit signals after entry? Stop loss, trailing stop, or price … [Read more...]

10 Facts About the Market Indexes 11/1/15


  $SPY $QQQ and $DIA ran into resistance at the 70 RSI. The risk/reward favors a pullback here. $SPY $QQQ and $DIA found support at the 5 day EMA on Friday at close. $QQQ is the leading index and $IWM is the laggard. $IWM had a failed breakout over the $116 resistance and price ended under the 5 day EMA. The 50 day SMA is currently support for $IWM The 50 day … [Read more...]

Top Trading Tweets of the Week 10/30/15

$VRX I'm strangely attracted to this chart.. Then I slap my hand ๐Ÿ˜ณ โ€” DK1 (@canuck2usa) October 30, 2015 perspective โ€” StockCats (@StockCats) October 28, 2015 and that's why they call it earnings roulette โ€” StockCats (@StockCats) October 27, 2015 This Market Is Making Me … [Read more...]

The 5 Best Trend Following Books

Trend Folowing

Here are 10 trend following principles and 5 trend following books to get you started in the world of reactive technical trend following. You shall learn from successful trend following fund managers to make big returns int he market. You shall follow the trend only, and have no guru, opinion, or prediction that you bow down to. You shall not try to predict the future … [Read more...]