Hey Gang, On Nov 6th, I gave a graduate call about trading psychology.  I noticed that I forgot to post the outline we created in that call.  I am posting it below.  If it comes up funky in your browser…try using Mozilla Firefox and it will appear in its proper format.  Feel free to listen to the call from the 6th in order to better understand the outline. Happy Trades! Jeff   4 Trading Pitfalls:     1.      Desire to be Rich Quick a.       overtrading b.      force trades c.       lack […]

Hey Gang, There is a great chart pattern out there called a falling wedge.  You can get a fantastic explanation at the following link.                Falling Wedge reversal The Falling Wedge pattern has some very specific criteria and is used to find intermediate term reversals.  Below is the criteria followed by some stocks that are setting up in this pattern.  There are many more getting close, just be careful to pay attention to volume! It is the key in any chart pattern. Criteria:  Prior Trend: To qualify as a reversal pattern, […]

Hey Gang, I am writing this afternoon in a different fashion than normal. I am not going to back this post up with charts or stats but rather communicate some of my opinions and observations of the current market environment. I received several emails today asking me what I was looking at or thought about the current market as is. I hadn’t made many changes to my trades today except for taking some partial profit on DE calls and selling some of my UYG stock at open. I entered a […]

Hey Gang, The 50-day Moving Average (MA) is a commonly used price level in the market.  As with all moving averages, it gives the average value of the stock over the past period…in our case 50-days.  When a stock trades above the 50-day MA, the bulls are recognized to be in control of the stock.  When the stock trades below the 50-day MA, the bears are in intermediate term control. The recent market rally is pushing for a test of the 50-day MA.  Generally, some short term resistance is found […]