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5/22 More Comments

May 22, 2017-9:27 am traderscott 0

SORL – some auto parts and Chinese auto parts stocks have been moving on news. This one has had a run, so a bigger reaction could be a setup. BIOC – received a patent. It backed up...

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5/22 Premarket

May 22, 2017-8:59 am traderscott 2

Keeping it simple. Stock indexes are just range trading, despite all of the emotional garbage (news) out there. The SPY and the IWM have both had springs and upthrusts throughout this range, but it’s still...

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Becoming a Better Trader

Trend Absorption #1 and Trend Exorption #1/Euro

May 21, 2017-8:21 pm traderscott 0

Trend exorption is tough to work with, and it’s not nearly as common as trend absorption is. Recognizing exorption can be very helpful as to reinforcing a view of a market at least getting down...

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Shorting/Buying Climaxes, Retests, Distribution

May 21, 2017-12:39 pm traderscott 0

Buying climaxes, distribution, retests – these are the things which go into shorting stocks, along with the fundamental “setup”. And at a minimum, even if we don’t trade it, recognizing these characteristics are very helpful...

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AMD Shorting Runaway Rally Gap #1

May 20, 2017-7:50 pm traderscott 0

There was an insightful question about shorting AMD, and the topic of using runaway gaps as a setup. The comments are here. This video is a further explanation of it, and this is also a...

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5/19 Premarket

May 19, 2017-9:09 am traderscott 4

Kind of inside day stuff currently in markets. the SPY overall parameters. Gold still believe it has room for another couple of weeks, and the back up is helping. In the video, I talked about it...

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Accumulation / Distribution

Euro SPY – Warning Signs Are Not Trade Setups

May 19, 2017-7:16 am traderscott 0

There are warning signs, and there are trade setups. Good trade setups require a couple of warning signs, and the first warning sign is just a warning. It is not a trade setup.  ...

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5/18 Comments

May 18, 2017-9:29 am traderscott 0

Be aware of the overall situation, but there are always opportunities, or at least watching and learning. I still do that. There aren’t good support areas in stock indexes until lower, but here is SPY....

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518 Premarket

May 18, 2017-8:59 am traderscott 10

In the premarket yesterday, the thing to watch was the for the big pick up in volume, which we did see, along with the close at the low, and Transports at another new low. So...

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Recognizing Trade Setups

May 18, 2017-8:53 am traderscott 2

More on recognizing trade setups, this one with AMD, JNUG, and PULM. The AMD was about using the huge volume bar on the selling wave as a likelihood of it being re-tested. That’s why I...

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