It’s no secret that one of my favorite techniques to take advantage of volatile markets is the inside-day trading strategy, or ascending triangle pattern.
An “inside day” is a short-term price pattern that takes place when the price of a security has traded “inside” the high and low of the previous trading session. It basically occurs when the second day has a range that’s inside the first day’s price level.
Inside-day patterns tend to benefit traders because they calm things like volatility down a bit, give us better prices and, ultimately, less risk…
And lately, a lot of people have been asking me exactly how I find them...
Travel stocks were in trouble once again on the last trading day of the year.
Cruise ships are taking a beating as the omicron variant continues to wreak havoc on the world.
Even though omicron isn’t as deadly as other variants, the fact that it’s more transmissible is going to affect cruise ships and other travel stocks for some time.
Due to a ton of uncertainty, money is moving into sectors like Health Care, Consumer Staples and Utilities, which now lead the way. And Energy, which once led the pack, is now the weakest sector in the market.
Markets need to cool off and digest this action before they can head higher. We’ll likely see a rally thanks to the January Effect heading into the beginning of 2022.
In this stock market recap video, you'll learn whether stocks will continue making new highs or begin cooling off… whether Consumer Discretionary continues to lead the market… and the best way to position yourself for next week.
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
A Chartist is a market analyst who uses charts and graphs of past price movements to predict or anticipate their future movements. It’s also one who engages in technical analysis and/or uses charting techniques.
2 Russell 2000 Stocks Setting up for Remarkable Runs in 2022
December 29, 2021
Most of my readers will tell you that my favorite index to search for hot stocks is the Russell 2000, which, give or take, holds names with market caps up to about $2 billion.
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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