Get Daily analysis on stocks Joshua is going long/short the next market session open. Joshua will point out what he sees in the chart so you can see how a professional reads charts.
Analysis – Longs & Shorts
Posted on July 12, 2009 //
From the Trading Desk
Get Daily analysis on stocks Joshua is going long/short the next market session open. Joshua will point out what he sees in the chart so you can see how a professional reads charts.
The morning did not get off to a great start with disappointing economic data hitting the market. Weak jobless claims and a Philadelphia Fed manufacturing index showed how disappointing the economy continues to be. By mid-day it appeared the market simply didn’t care too much about the weak economic data. Just as new highs were [...]
TSLA move this morning certainly gives longs a place to take profits off the table. The stock can continue to push higher, but this morning’s pop is a great place to book gains. Solid run.
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Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal and currently has zero issues weighing on it presently. On the short-term the market is very extended in price compared to trailing key moving averages. Logic dictates that a natural pullback to some form of support levels (fibonacci, price lows, or a moving average) should [...]