Category: Technical Trading

US stocks continue their weakness this week, with the S&P 500 touching down at $4136, sitting right at its significant support level established in mid-March. Volatility is elevated again near the recent highs with the VIX sitting at 34 as earnings season hits its midpoint. When there’s persistent weakness in stocks, everyone comes out of… Continue reading Stock Market Overview for the Week of May 2, 2022

A candlestick shadow represents the extremes of where the price visited during the life of a candlestick on a chart before closing at its ultimate price. On a bullish candlestick, the shadows represent the difference between the closing price and the high price (upper shadow), and on a bearish candlestick the shadow represents the difference… Continue reading What is a Candlestick Shadow?

A pivot point is a crucial turning point in the price of a stock or security that a lot of traders tend to trade around. It’s basically a price at which the stock stops going up or down and reverses in the opposite direction. It’s the price at the foremost extreme of a rally.  Pivot… Continue reading What Are Pivot Points in Trading?

What’s up, everyone? Thanks for checking out this video. This is going to be a concise beginner’s guide to the stock market. When I checked out some of the other videos on the stock market, while some of them said they were for beginners, they were an hour, hour and a half long. And they… Continue reading Stock Market Explained for Beginners

We’re closing out this week on the seventh consecutive red weekly bar on the SPY weekly chart. Words like bloodbath are being thrown around, and there’s definitely some pain out there. Specifically, small caps, which are a good barometer for risk-taking appetite among equity investors, are taking a beating.  SPY weekly chart  Looking to the… Continue reading Stock Market Overview for Week of May 23, 2022

  What’s up, everyone? All right. So the topic of today’s episode is The Banana Squeeze. If you haven’t heard of the banana squeeze, this is technical set up. Every day traders should know about the banana squeeze. Learn More About the Banana Squeeze Here!   You may have even traded a banana squeeze, but… Continue reading Banana Squeeze – Day Trading Strategy

  Hope everyone had a great Memorial Day weekend. This is the unofficial start of summer, especially in the finance world, and typically marks an overall decrease in volume as Wall Street starts to split its focus between Fire Island, the Hamptons, and work.  Following the long weekend, we had a shortened trading week this… Continue reading Stock Market Overview for Week of June 6, 2022

If you’re like most traders, you specifically avoid “event volatility” like earnings reports and key economic data releases. But you should know that the majority of volatility is attributable to these binary catalyst events. Not knowing how to trade around these significantly cuts into your opportunity set. One of the cornerstones of volatility events is… Continue reading The Day Trader’s Guide to Macroeconomic Data Releases

  This is going to start the week here by talking about how to trade through a bear market. I thought this would be a good way to kind of set the stage because obviously, if you look at the S&P 500, you can tell that we are in a bear market and traders frequently… Continue reading Day Trading in a Bear Market

The world of day trading has extremely few barriers to entry, meaning any person with an internet connection, a computer or a smartphone, and a bit of startup capital can theoretically become a day trader. Many jump into day trading, hoping to earn profits quickly and with minimal effort. However, reality makes its adjustments, and a… Continue reading Common Mistakes By New Day Traders And How To Avoid Them