Evening Briefing for July 28th
* MARKET THEMES FROM TUESDAY'S TRADE: Once again we saw stocks close within their multi-day trading range after breaking Monday's low and then rebounding in the afternoon. Oil and gold prices turned lower on the day, and the U.S. dollar closed stron...
The Importance of Gut Hunches in Trading
As background for this post, I recommend you take a look at this post on the role of somatic markers in trading decisions and this post on the role of intuition in trading.What cognitive neuroscientists are finding is that emotion--those gut hunches--p...
Midday Briefing: A Shift Away From Risk
After failing to take out yesterday's high (and the overnight high), note that the S&P 500 e-mini (ES) futures have taken out yesterday's low and are trading in the lower portion of the multi-day trading range referenced earlier. The move lower in...
Morning Briefing: Home on the Multi-Day Range
For this morning's briefing, I'm posting the NASDAQ 100 (NQ) futures, because they so nicely illustrate the multi-day trading range and weakening of upside momentum that we've been seeing. They also illustrate a pattern of higher price lows day over d...
The Perils of Trading as a Victim
I've seen bears make money, and I've seen bulls make money. I've worked with longer-term traders who have been profitable, and I've worked with successful daytraders. But there's one group of traders I've never seen win. Those are traders who view t...
Live Chat With Dr. Brett Tomorrow
One of my favorite blog sites over the years has been The Kirk Report. Charles Kirk does a yeoman's job of finding informative material on the Web. He also tracks market action and offers members to his site considerable insight into his own stock sc...
Evening Briefing for July 27th
* THEMES FROM MONDAY'S TRADING: Once again we saw a "beach ball" day in which stocks moved lower early only to bounce back up in the afternoon. This is part of a consolidation of the recent significant strength, and it shows that bulls remain on the...
Midday Briefing: Range Markets and the Importance of the Day’s Opening Price
As emphasized in the past, one of the most important calls a short-term trader can make pertains to day structure. Note how, once we were unable to sustain early weakness and could not take out the S1 level, we moved into a range trade for the day. H...
Evaluating Yourself as a Trader
Here I've shortened and republished ten items for self-evaluation:1) What is the quality of your self-talk while trading?2) What work do you do on yourself and your trading while the market is closed?3) How would your trading profit/loss profile change...
Integrating Information Across Time Frames in Generating Trading Ideas
In my earlier post, I noted how the information from the tweets helps me gauge market themes and sentiment prior to the open. I then showed in the morning briefing how a multi-day view of the market places the recent overnight trade into a broader con...
Morning Briefing for July 27th: Consolidating at the Highs
Here we see how the S&P 500 e-mini (ES) futures moved to new bull highs in overnight trade before pulling back into the range from the last two trading sessions. (See the prior post to place this action into full context). A key to the morning tr...
Making the Most of Twitter and the Morning TraderFeed Tweets
A good amount of the information from this blog is provided through Twitter. Following the stream of tweets is free; you can subscribe via RSS or simply track tweets on the site's Twitter page or follow the latest five tweets on this blog's home page ...
