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Does Crude Oil Drop Mean Continued Downside?

SHORT-TERM

For Tuesday, 45.45 can contain session weakness, above which 47.13 remains a 1-2 day target. Upside today, 46.34 should contain initial strength, while pushing above 46.34 allows 47.13 intraday, able to contain weekly buying pressures and the level to settle above for maintaining a bullish dynamic into later October. Downside Tuesday, breaking/opening below 45.45 signals 44.83, while closing today below 45.45 indicates 44.27 tomorrow, also able to contain session weakness and the...

Sep 27, 2016
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The Presidential Debate Stock: Smith & Wesson (SWHC)

Hey traders from around the planet. What an intense debate last night huh? I would love to hear your thoughts and commentary in the comments section below. What’s your take on what happens to the market from here?

One of the big political discussions is often on gun control and the second amendment. Trump and Hilary have gone back and forth at each other's throats on this topic many times. One stock in particular that many like to trade is Smith & Wesson Holding Corp .

A company that has some...

Sep 27, 2016
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Why Paper Trading Matters

A cautionary note. When I am working with a new member, I always implore them to trade on a simulator or “paper” account. Why? It’s like walking into a Ferrari dealership and just announcing that you want to take the new 2017 Ferrari GTC4Lusso for a quick spin around the block. Truth be damned by the fact that you may have never even sat in a Ferrari much less driven one. You may have had the best intentions. You may have been careful. All of that means nothing when you wrap a $300,000+ race ...

Sep 27, 2016
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Do Bears Have Teeth?

A big part of successful investing and trading is knowing what matters. To make the game even harder, what matters changes from time to time. For stock traders, sometimes the stock matters. Sometimes it’s a stock pickers market and we want to focus on sector plays, deep value plays, finding and massaging entries, and trading the dynamics of each individual position. At other times, stock selection matters less because the broad market is the driver. In these environments, it almost doesn’t ma...

Sep 27, 2016
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Get on the Right Side of the SPY - ETF Weekly Report

For the week ahead, 218.49 can contain weekly buying pressures, below which the SPY remains vulnerable over the next several weeks to testing long-term support at 208.94- 210.90. Downside this week, 212.81 can contain multi-session selling pressures , while a daily settlement below 212.81 indicates 208.94-210.90 within several days, able to contain selling through the balance of the year and above which a secondary long-term buy signal remains firmly intact. Upside this week, a daily settleme...

Sep 26, 2016
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