Traders Expo: Las Vegas!
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Creating a Business Plan
Treating trading as a business with the objectives, goals, and guidelines clearly laid out will not only help keep things organized, but allow for less emotional involvement during tough market conditions. Defined entry and exits need in place for when to take losses and profits. Protecting profits while limiting losses is the name of the game, remember the bottom line, we’re in this to make money. Being diligent and thorough with your trading, and keeping detailed records will be a…
Wk42: Market Recap
We continue to chop sideways as earnings and economic news pours out. We have strong support at the $1075 level and resistance at $1100 on the S&P 500. Some positive economic news was answered by a decline on the market. With clearly defined support and resistant levels on the top line figures we have a good gauge of when to exit trades. We still remain in an uptrend and once that uptrend is broken we will think of taking a…
Wk43: Market Forecast
In the week ahead look for these news announcements to act as potential market movers…· Tues: S&P Case-Shiller HPI 9:00 AM ET· Tues: Consumer Confidence 10:00 AM ET· Weds: Durable Goods Orders 8:30 AM ET· Weds: New Home Sales 10:00 AM ET· Weds: EIA Petroleum Status Report 10:30 AM ET· Thurs: GDP 8:30 AM ET· Thurs: Jobless Claims 8:30 AM ET· Thurs: EIA Natural Gas Report 10:30 AM ET· Fri: Personal Income and Outlays 8:30 AM ET· Fri: Chicago PMI…
Wk43: Stocks to Watch
Proceed with caution when putting on new trades this week. Lots of earnings and news will issue big whipsaws in the market. Watch for stocks that continue their trends throughout the news announcements this week as these will be the stocks that will act as relative strength and weakness once the earnings season is over.
Wk42: Market Forecast
In the week ahead look for these news announcements to act as potential market movers…· Mon: Housing Market Index 1:00 PM ET· Tues: Housing Starts 8:30 AM ET· Tues: Producer Price Index 8:30 AM ET· Weds: EIA Petroleum Status Report 10:30 AM ET· Thurs: Jobless Claims 8:30 AM ET· Thurs: EIA Natural Gas Report 10:30 AM ET· Fri: Existing Home Sales 10:00 AM ET We are in the midst of earnings season so don’t forget to double check your stocks…
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