SPY ETF Chart 8-5-19 The trend is your friend until the end when it bends…The market started to collapse and most traders were frozen. They couldn’t make a decision. Fortunes were lost in a very short period of time.The stock market stopped “going up every day…” and people were caught off guard unable to make […]
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SPY ETF Chart 8.2.19 The SPY ETF has declined after two failed breakouts and appears ready to open lower into the 50 SMA.Today’s jobs report and further news about tariffs should create an opening push lower off the opening price. This price action set sup one of my favorite trades. A Saturation Play.If price action […]
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Square Inc SQ Stock Chart 8.1.19 Before Earnings This scan is one of my favorites. Seeks out strong stocks that have pulled back and closed on the lows. “Closed Down 2%” is a big part of the scan. Many of the stocks meet the criteria but not all of them are good trades. Simply being above moving averages doesn’t make […]
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