All Entries Tagged With: "Reversals"
Portrait of a Short Squeeze
This stock had been trending lower, and last week broke down further by undercutting the December lows on heavy volume. What followed, however, was obviously both shocking and painful for the shorts.
Post-Earnings Day Trading Profits
Earnings season brings with it a host of opportunities. It includes the potential for new leadership to emerge once it’s all said and done, but in the heat of it, the price action offers some excellent chances to participate in emotional short-term moves via day trades.
Day Trading Gaps
Day traders love to fade gaps, but it’s not always the right thing to do. In this video, I’ll point out some key traits of big gaps to watch out for when deciding on initiating gap-fill trades.
Video Review of the Indexes 10-9-2011
The indexes broke major support zones last week to mark new 52-week lows, but by week’s end, it proved to be a bear trap.
RVBD at Key Resistance
With the stock currently at the top end of this range, you have to wonder if this is an opportunity for a downside reversal.
Trading Against Key Levels
Pattern traders, technicians, and active traders in general love to watch for key levels. To some, it’s obvious to expect a reversal if that level is reached, while others expect a break.
Timeline of a Short Squeeze
Let’s consider some useful lessons from this short squeeze of the past couple of weeks and see what we can learn.
