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Stock Market Overview for the Week of June 20, 2022

This week is a shortened trading with markets closed Monday, June 20 for the Juneteenth holiday.  There’s no other way to put it: the price action in the US stock market this week was ugly, with the S&P 500 losing over 5% on the week, officially putting the index in “bear market” territory, meaning the […]

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Megaphone Pattern

Megaphone Pattern

Most of the mainstream trading literature is chock full of references to patterns with funny names, like the megaphone pattern. To novices looking to learn the ropes, this can come off as a practice in reading tea leaves or moon cycles. And while the trading world admittedly has its fair share of quacks, the purpose […]

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Stock Market Overview for the Week of June 13, 2022

The S&P 500 continued its downtrend pattern this week, which we put under the microscope with skepticism last week. Those questions were answered, and the S&P is ending the week near its previous lows with the path of least resistance being new lows.  The nature of the bullish pullback and continued consolidation near the highs of […]

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What is a Tape Bomb?

Having a sound understanding of the stock market can often feel out of reach. Sometimes the market follows a predictable pattern and appears to make sense, while other times it is volatile for no clear reason. More often than not, stock prices are affected by a number of events and factors, some of which weigh […]

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Common Mistakes By New Day Traders And How To Avoid Them

The world of day trading has extremely few barriers to entry, meaning any person with an internet connection, a computer or a smartphone, and a bit of startup capital can theoretically become a day trader. Many jump into day trading, hoping to earn profits quickly and with minimal effort. However, reality makes its adjustments, and a […]

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Day Trading in a Bear Market

  This is going to start the week here by talking about how to trade through a bear market. I thought this would be a good way to kind of set the stage because obviously, if you look at the S&P 500, you can tell that we are in a bear market and traders frequently […]

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Banana Squeeze – Day Trading Strategy

  What’s up, everyone? All right. So the topic of today’s episode is The Banana Squeeze. If you haven’t heard of the banana squeeze, this is technical set up. Every day traders should know about the banana squeeze. Learn More About the Banana Squeeze Here!   You may have even traded a banana squeeze, but […]

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Consecutive GREEN DAY

Stock Market Overview for Week of May 23, 2022

We’re closing out this week on the seventh consecutive red weekly bar on the SPY weekly chart. Words like bloodbath are being thrown around, and there’s definitely some pain out there. Specifically, small caps, which are a good barometer for risk-taking appetite among equity investors, are taking a beating.  SPY weekly chart  Looking to the […]

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