It’s no secret that one of my favorite techniques to take advantage of volatile markets is the inside day trading strategy, or ascending triangle pattern.
An “inside day” is a short-term price pattern that takes place when the price of a security has traded “inside” the high and low of the previous trading session. It basically occurs when the second day has a range that’s inside the first day’s price level.
Inside day patterns tend to benefit traders because they calm things like volatility down a bit, giving us better prices and, ultimately, less risk…
And lately, a lot of people have been asking me exactly how I find them…
It’s been a volatile week, and the markets were down again as NATO accused Russia of adding troops to Ukraine’s border — and more in Thursday’s stock market recap.
In addition to that volatility, markets haven’t chosen a clear direction. And there’s still a lot of data to digest on top of all the war rumors.
Housing starts and permits, jobless claims and the Philadelphia Fed Manufacturing Index report all came out on Thursday before the opening bell.
Wednesday’s retail sales report came in strong at 3.8% versus consensus estimates of 2.1%.
Earnings have also been better than expected, so we’ll look to see if the market can end the week on a strong note.
In this stock market recap video, you'll learn how this week’s Federal Reserve data is impacting stocks… which sector to pay close attention to… what to look for in the bond market… plus my top ETF with an option pick!
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
When used correctly, charting patterns can be some of the best analysis tools in a trader’s toolbox. But beware: There are a few common charting mistakes that could cost you a small fortune…
There’s a specific group of stocks that thrive in an economic environment like we have now, where the Federal Reserve claims it’s going to take aggressive action to raise rates…
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