Chart of the Day: S&P 500 short-term setup (5/29/15)
Bullish bias today, watching 2019 – 2025 as a reference range (not an exact level). Clearing this resistance could lead to a sharp rally. Failing to break that resistance could…
A roadmap for the trading day
When I was an active intraday trader, one of the things that was most important to me was having a rough roadmap for the day: what is most likely to…
Chart of the Day: S&P 500 short-term setup (5/28/15)
Momentum begets momentum—selling, usually, leads to further selling. Yesterday sent a loud and clear warning to bears in US stocks: there is a lot of hidden bullish conviction. The rally…
MarketLife Ep 18 – Short term trading
Short term trading, intraday trading, daytrading--call it what you will, these styles of trading bring some unique challenges. Tools and approaches that work in other timeframes also work intraday, but…
Chart of the Day: S&P 500 short-term setup (5/27/15)
Yesterday's play was to not fade a break, up or down. This turned out to be correct, as the market gapped lower on the open, and did not look back…
Chart of the Day: S&P 500 short-term setup (5/26/15)
This post is the first in a series I will be extending for a week or two, focusing on short-term and intraday trading. Each day, I will be publishing a…
MarketLife Ep 17 – The one about coffee
Off topic warning! If you are only interested in finance and trading, this podcast is not for you. :) This episode is 100%, completely about coffee: how different varieties taste,…
Mostly meditation: my Stocktwits podcast interview
I was honored to be featured on the Stocktwits Must Follow Podcast series a few weeks ago. I had an interesting conversation with Sean McLaughlin in which we focused heavily…
Enough theory, here’s what to actually do around events and reports
Over the past few days, I've written a bit about trading macro events and reports, and I also did a podcast episode on the subject. I shared some ideas about…
Marketlife Ep 16 – Trading around macro events
Every day, we are hit with economic reports, earnings for stocks, speculation, opinion, and a flood of other information. Some of these events move markets; some are non-events. How can…
Trading macro events and reports (part I)
There are so many things we can't predict; surprises, good and bad, happen. Sometimes these surprises can have a dramatic impact on our positions. One of the core tasks of…
You wanna be right? Or make money?
We all have ego. Everyone likes to be right, likes to be seen as intelligent, and likes to be a winner. We all hate to lose, and we hate to…
Gap and go or gap and crap?
Gaps are important. Gaps on charts can show powerful shifts in market dynamics, and we can identify some interesting tendencies around these gaps. Intraday traders often find an edge in…
MarketLife Ep 15 – Dealing with strings of wins and losses
Three more reader questions this week: how do we deal with runs of wins and losses? What about applying technicals to non-linear (or derived time series), and how do we…
Five steps to trading discipline (and why you should care)
You have to be a disciplined trader. This is one of the nuggets of trading wisdom we hear constantly, and for good reason--it's true. Without discipline, we will make many…
Traders get an edge by thinking in categories
Richard Wyckoff was one of the founding fathers of technical analysis, and one of his most useful concepts was to divide the market into an idealized cycle of accumulation, mark-up,…