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Happy 4th of July Here is the second trade setup videos from a series I am putting together for the Pro members here at Alpha Wolf Trading. In this video I focus on pullback breakout trade setups. How to find them and...
Read MoreGood morning By the looks of the room it appears as though most of you are sleeping in and taking the day off. Good for you!!! I think it is likely going to be a slow day. We are gapping up slightly this morning and gap up days can be tough. There could be some low float mania today which tends to happen on short holiday trading days. Do not chase anything make sure you have a plan and always know your risk reward. Have a fantastic 4th of July be safe and have fun. I will most likely not be doing a market wrap video today so I will just see you on Wed with the premarket prep. Thanks to A1 for all the good looking charts in the chat room today.
Read MoreHappy Saturday Here is this weeks market wrap and stocks to watch video. We have a sort trading week ahead but it could be an interesting week with employment numbers and the FOMC minutes coming out on Wednesday. We also get some other key economic indicators on Monday with motor vehicle sales, PMI / ISM manufacturing and construction spending. It could be a choppy trading week ahead with very lite volume. There are a ton of technically good looking setups out there and some surprising sectors that could be worth watching.
Read MoreGood morning What a difference a day can make. Listening to some of the financial networks it was the beginning of the end yesterday. Volatility is coming back in a big way as we are looking at yet another V shaped snap back in premarket. Being a die-hard short is proving to be very difficult. These volatile days can provide a great short term trading environment. Gap up days can be very tricky especially heading into a long holiday weekend so be careful. Do not chase, have a plan and know your risk reward.
Read MoreGood morning We have the bank results this morning and a barrage of banks raising dividends and announcing share buy back programs so you can pretty much throw a dart at a bank and it is likely up in premarket. The XLF and FAS ETF's are gapping higher and the finacials are likely to be hot for awhile as we are breaking out of a range. However, there is no need to chase if you are not in any banks look for there to be a pull back opportunity to potential support in you favorite name. These are typically thick stocks and more long term hold type plays.
Read MoreGood morning Equities markets were red however we are seeing a reversal in premarket with a nice bounce in tech and the dollar. Gold was gapping however with the bounce in the dollar we are seeing gold pull back just a bit. Oil is down off of the API inventory report last night and we get the petroleum status report this morning at 7:30 ET if we see a build in inventory we will likely see more
Read MoreGood morning Equities are pulling back a bit this morning in premarket action along with the dollar while gold and oil are slightly positive. We could see some choppy action out there today. Tech and semis are looking like they could continue to struggle and are probably sectors to be cautious of while finanacials look like they could be ready for a bounce. There are a few speakers from the Fed today including Janet Yellen at 1 PM and they could have some effect on the markets.
Read MoreGood morning The equity markets are flashing green with the dollar also showing some strength in premarket. Gold is gapping down while oil is essentially flat. One of the stocks in this weekends watch list reported they did not meet primary end point $MTNB can be removed from watch as it is gapping down off the news and destroying the setup on the daily. Peter brought up...
Read MoreHello my friends We have quite a bit of economic data coming out next week and a few earnings reports that could have an impact on specific sectors. The sectors I will be watching closely are as follows. Shippers, IBB, IWM, home builders, steel names and pot stocks. Yes .... your read that correctly I will be watching and probably actively trading in the marijuana space. I know it may not be for some but I try to provide opportunities for all my members and there are some that like to trade in the penny stock space. I have a fairly large list of stocks this week with some really good looking setups.
Read MoreGood morning We had a fairly flat day in the markets yesterday in most sectors with the exception of health care and the IBB which had impressive moves higher taking the health care ETF to fresh all time highs and the IBB convincingly above that 300 mark. There is no doubt that were were seeing some sector rotation of money flow. It is nice to see and we could see more of it in the coming weeks ahead. However, we have had a very sharp move higher in a short period of time with the IBB having a candle completely out of the upper bollinger band, on a Friday heading into the weekend with a russell re balancing.
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