• Simpler Sentiment - Weekly Wrap-Up 1/6/17

    Simpler Sentiment - Weekly Wrap-Up 1/6/17

    You can’t fight the tape and the trend is certainly higher... But traders should keep stops tight, and be ready to quickly hedge and/or add downside exposure.
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  • Financials Poised For Next Move Up

    Financials Poised For Next Move Up

    If you prefer trading individual stocks, below are charts of Goldman Sachs (GS) and Morgan Stanley (MS). You will see a very similar pattern in both charts. They are also setting up for another potential move up. Once again, notice the consolidation period, followed by the breakout in early November and now another consolidation period.
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  • The Art Of "Wiggling"

    The Art Of "Wiggling"

    The key in "wiggling" is as long as the 15-minute chart is in an uptrend, then every ATR trailing stop buy signal on a 1-minute can be taken. In an uptrend, usually the stopped-out losses are very small, compared to the gains when right!
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  • Don't Get Married To Your Positions

    Don't Get Married To Your Positions

    You should trade from a thesis. You should test that thesis. When the thesis is no longer valid, you get out. But you also get out when certain things happen. You might have a rule that if an option position gets cut in half, you sell it. If it doubles and then pulls back to even, you get out.
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  • Simpler Sentiment - Weekly Wrap-Up 12/30/16

    Simpler Sentiment - Weekly Wrap-Up 12/30/16

    We kicked off the year by falling through January and February, hitting a low of 1810 on February 11. And the rally from the November election has been impressive. All of the major equity Indexes have put in new all-time highs in the last month.
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