2 Tech Stocks Traders Don’t Want to Write off in 2022

 
December 25, 2021
 
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STOP Fading These Strong Stocks… or Pay the Price
Whenever the stock market gets close to hitting all-time highs, there's always a group of traders asking me if it's time to fade it.

But that's actually a terrible way to approach the situation.

Traders should never want to fade strength.

I mean, the strongest stocks have a ton of traders that only continue to buy, buy and buy some more. And when they cool off, they're going to be less likely to liquidate the stock than traders who have been in a bad position for the past six to eight months.

So it's important for us traders to learn exactly when to fade stocks…
Here's What to Do
 
Shortened Holiday Week Living up to Volatile Reputation
This week we saw the indexes gap down from 1.2% to  1.6% to open the week after a series of negative weekend headlines spurred fresh volatility.

Everything from European shutdowns to sporting event postponements to politicians on Capitol Hill are getting pummeled by the latest outbreak. The new variant is spooking Wall Street, driving a quick sell-off as traders started to lose hope of a Santa Claus rally to end the year.

Although we saw some weakness to start Tuesday's session, the indexes all rose into the green, including the Nasdaq, which has had a rough few weeks after hitting record highs in mid-November.

The S&P 500 is implying around a 65-point move higher or lower…
Here's What I'm Watching
 
This $2.3B Move Is About to Send Shockwaves Through Wall Street
Wall Street just issued the warning…

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Joy of the Trade's Jeff Zananiri is preparing for the biggest overnight turnarounds of the century…

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"Thank you Roger, the video was very helpful."

Frank M.



A Day Trader often closes all trades before the end of the trading day, so as not to hold open positions overnight. A day trader is more concerned with price action characteristics of a stock itself. Volume, liquidity, price volatility, and average daily range are critical to a day trader.
 
 
 
 
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