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Las Vegas Traders Expo

November 9, 2012 at 2:51 pm

Next Friday (Nov. 16) at the Las Vegas Traders Expo, I’ll be teaching live at 1:15pm PT. I hope you can make it to my session if you’re located near Vegas or the west coast.

Specifically, I’ll be discussing 8 Steps to Trade Your Way Better. I have a lot of good stuff planned, plus I’ll share the setups which have been working well for me recently as well as the best setups I see in the market right now. I’m excited about being there and giving you some insights for better trading.

Make plans to be there by pre-registering or just show up (it’s free)!

Trade Like a Bandit!

Jeff White
Subscribe to our Stock Pick Service to get our trades.

Video Review of the Indexes 10-28-2012

October 28, 2012 at 3:03 pm

Here’s a rundown of the major averages as they currently stand, along with the key levels they’re dealing with as we head into a brand new week of trading. This is where the trading week starts, knowing the impact the indexes will have on how individual names move.

Run time is 5:45.

(Direct video link is here for those interested in embedding it elsewhere to share).

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Video Review of the Indexes 10-21-2012

October 21, 2012 at 2:30 pm

Here’s a rundown of the major averages as they currently stand, along with the key levels they’re dealing with as we head into a brand new week of trading.  The trading week begins here for me, knowing the impact the indexes will have on how individual names move.

Run time is 7:24.

(Direct video link is here for those interested in embedding it elsewhere to share).

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Video Review of the Indexes 10-14-2012

October 14, 2012 at 4:35 pm

Here’s a rundown of the major averages as they currently stand, along with the key levels they’re dealing with as we head into a brand new week of trading.

The trading week begins here for me, knowing the high degree of correlation between the broad market and individual stocks. If the broad market is indecisive, it’s a big signal to stay selective with new trades.

Run time is 5:55.

(Direct video link is here for those interested in embedding it elsewhere to share).

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Video Review of the Indexes 10-7-2012

October 6, 2012 at 10:08 pm

Here’s a rundown of the major averages as they currently stand, along with the key levels they’re dealing with as we head into a brand new week of trading.  This is where the trading week begins for me, knowing the high degree of correlation between the broad market and individual stocks.  If the broad market is indecisive, it’s a big signal to stay selective with new trades.

Run time is 6:25.

(Direct video link is here for those interested in embedding it elsewhere to share).

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Trade Multiple Timeframes

August 23, 2012 at 11:42 am

This market has definitely favored the bulls since the June low. During that time, the S&P 500 has risen more than 11%, which isn’t bad at all in just 2 1/2 months. Every single dip has been bought, and those who have been stubborn enough to attempt to short sell pretty much anything for a timeframe longer than a quick scalp have faced a stiff headwind.

The market’s been strong – you just can’t deny it.  The real money has been made on the long side, and there have been multiple timeframes which have been paying off nicely. We’ve seen days with bursts of strength for the intraday player, as well as multi-day and multi-week advances which have favored the swing trader.

This idea of trading across multiple timeframes is something I put a great deal of emphasis on, and lately that’s been one great way to diversify as a trader. That’s why it’s such a big element of what we teach.

Bread, Butter, and Gravy

The swing trades shared in our stock pick service are what we tend to focus on most – they’re our bread and butter. Generally, we hold them for a few days up to a couple of weeks. They provide larger moves but sometimes take a little more time to develop. We like to buy stocks coming out of defined chart patterns like bull flags or triangle patterns, and it works to our advantage.

For example, here are two setups which took a few days to make their moves, but which provided us with some quick profits.

One is LVS, which we entered at $39.75 as it cleared the descending trend line on 8/16 to begin a new leg higher.  5 sessions later, we booked a 10.2% profit (Wednesday).

Why I Use TC2000

Another is FWLT, which is an open position which we’ve already booked partial profits in.  A move up through $20.25 was our trigger price on Monday, and earlier today (just 3 days later) the stock hit Target 1 for a quick 4.9% profit, allowing us to lighten and tighten.

Why I Use TC2000

And yes, we take losses too!  However, we keep them small and admit defeat quickly when the market proves we’re wrong.  That’s the key to surviving as a trader.

Grabbing the quicker day trade types of moves also gives us added market exposure while we’re waiting for the swing trades to develop. The profits from these trades are the gravy. Some last only minutes, but they can add considerably to the bottom line. These candidates are also based on the daily charts, but we just look to grab the initial moves in them of 2-4% typically.

Trading multiple timeframes is a nice way to diversify with your trading, especially right now when the market keeps edging higher. If you know how to catch the initial move when a stock breaks out, you can build up some quick profits while your other trades work on a different timeframe.

There’s nothing better than having your money working for you in the short-term AND in the intermediate-term as a trader! Always seek to uncover more opportunities on multiple timeframes, they’re out there right now.  Or pay us to find them for you.

Jeff White
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Up 10 of 11, SPY Still Not Extended

August 20, 2012 at 9:24 am

SPY has made a nice run since early August when a Monday-Thursday pullback was followed by a Friday lift which erased the 4-day slide. We’ve seen consistent follow through since then as well, sending the SPY into Monday having posted gains in 10 of the previous 11 sessions.

A run like that is never something to discount, and if blindly I heard a stat like that, I’d be highly cautious.  But in this case, it hasn’t left the SPY extended.  It’s up 4% during that time, but the way it has happened has been healthy.  The early portion of the run was rapid, then we settled into a rest phase.  That pause lasted 5 days, yet SPY only gained $0.46 during that stretch.  There was even a decline of a whopping $0.07 (Aug. 13), which isn’t the kind of a reaction the bears can be proud of.

To see this major ETF posting so many advances of late would ordinarily be a bit scary.  Technically though, it’s been a sharp rally, a healthy rest, and then some continuation.  Why would that be something to fade?

We’re facing 52-week highs in the SPY and S&P 500, but they both still have room to run if the bulls feel so inclined.  We may turn lower and this run proves to have been a great selling opportunity.  However, the bulls have created higher lows on every single pullback since the June low, and that deserves respect.  I’m not about to bet against them.

Here’s a closer look at the chart of SPY for you:

Why I Use TC2000

Trade Like a Bandit!

Jeff White
Producer of The Bandit Broadcast

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