Sunday, November 24, 2013

Stock Market Video - Outlook and Setups for Thanksgiving Week - "Positive Bias But Still Iffy "

Hi traders.  We have a holiday trading week ahead of us and as such, you can expect lower trading volumes and (at least historically) a positive bias.   The market is in grind up mode but I continue to see issues underneath the surface and the stocks that suit my style just aren't acting as well as they did a few weeks or months ago.  I've been harping on this for a while now and perhaps in two or three months it will all make sense.  In the meantime, I included some setups on both sides of the market that will hopefully make some money in the week ahead.  I am still in short-term mode until I see individual names act better.

I get a lot of emails about the scans and indicators I use in TC2000, which is the trading software I use on a daily basis and in the weekly videos.  Since many of those scans are proprietary and have taken a lot of work to develop and implement, I am somewhat reluctant to share them to everyone.  Over the past few weeks however, I have had several requests to set up my scans and TC2000 setup/layout on other user's systems and have been able to oblige those folks for a fee.   If this is something you are interested in, please email me and I can give you further details.  This would allow you to run the exact same scans and indicators that I have developed and use in my TC2000 program.  I am also working on starting up a one-on-one mentoring/consulting program online where I can teach you how to use these scans to help you find daily setups, as well as incorporate other important aspects of any trading plan such as market timing and technical analysis into your personal trading.  If you are interested, please feel free to contact me via email or Twitter

Saturday, November 16, 2013

Stock Market Video - Outlook and Setups for Week of November 18, 2013 - "Looking Better"

Hi traders.  Looks like the market is in melt up mode right now as stocks continue to move higher and don't seem at all fazed by the big one-day drop we saw two weeks ago.  I am seeing better action in individual names and currently hold two long positions.   I haven't been trading really well these past few weeks but hopefully the setups I share are serving you better - GOGO and RMTI were two big winners that I specifically tagged at the end of last week's video.  Good luck in the week ahead.

Saturday, November 9, 2013

Stock Market Video - Outlook and Setups for Veterans Day Week - "Wild Action Makes Things Tricky"

Hi traders.  It was a wild week on Wall Street and a challenging one.  When you see a seventy point move down on the Nasdaq followed by a sixty point move up the following session, something is not quite right.  Scalping might work in a market like this, but little else will, so patience is important.  Swing trading is very, very difficult right now. I continue to see a lot of former leaders break down, but I also see a decent amount of stocks holding up so if the bulls want to right the ship, I will give them the benefit of doubt in time.  As for now, I am keeping everything light and short-term only until things become more clear.  

Sunday, November 3, 2013

Stock Market Video - Outlook and Setups for Week of November 3, 2013 - "Time To Be Patient"

Hi traders.  It was a tricky week on Wall Street this past week (at least for me) as the indexes pulled back a bit and individual stocks continued to give bearish signals in some cases and false signals in others.  The former leaders of September and October continue to get beaten up, but the real problem is that there haven't been as many to clearly step up and take their place.  I am seeing some setups out there (which I highlight in the video among others) but the overall quality of them is not the same as they were a month or two ago.  Because of that, I think it's important to be patient here and not overtrade, as there may not be a big edge for the bulls or bears at this point.