Steve Spencer discusses with Fox Business how funds will push momentum stocks around to try to outperform the market. Watch the latest video at video.foxbusiness.com
What Is The Best Preparation To Be A Trader?
You want to be a trader. Maybe you’re just starting out in the working world or maybe you’re considering a career shift. Nonetheless, you know one thing will all of your being—you want to make it as a trader. There could be a host of potential reasons, all of which make sense. You want to swing around huge positions and … Read More
This Is What Insider Trading Looks Like
One of the most volatile stocks last week was LNCR. On Wednesday the Financial Times reported that it was in talks to be taken over for over $40 per share. The stock immediately spiked on heavy volume from 26 to 29. The market clearly believed the story. So it was on the top of my list for trading the rest … Read More
Reversal Rehearsel Revisted
Two weeks ago I wrote this post discussing that a lot of money was being made on the desk via reversal patterns. This post will discuss a few trades from last week that continued to show this pattern remains highly relevant and where a lot of money can be made intraday. On Thursday after the Supreme Court health care decision … Read More
The Trade That Never Happened
This morning I was reviewing Tuesday’s price action in APOL and found a long setup that I liked. On Tuesday while trading APOL I became somewhat enamored with the 35 level as it worked twice for me during the first 15 minutes of trading. But the truth is after 9:45 34.80 established itself as a much more important level for … Read More
You Got Me $APOL
I lost money trading APOL today. During my post trade review it became apparent to me that even with a few tweeks I still would have lost money day trading it. Sometimes stocks do not behave well. Perhaps APOL is better suited for swing and position trading? It has a history of trading erratically intraday. During the past few years … Read More
Tape Reading Was Money For This Play
On Thursday I was short MCP because it was trading below its two day support of 22.20. The market was having a trend down day and I was very comfortable holding the position until the close. But then something changed on the tape. There was a 100 share bid on ARCA at 21.20 that was being hit and continued to refresh … Read More
The Truth About Our Economy
It has been almost 4 years since the US fell into the Great Recession and we have yet to see a strong recovery. One of the after-effects of the Great Recession has been the increased attentiveness to monetary policy. Attentiveness to monetary policy existed before the Great Recession but not to the degree seen today; since the Federal Reserve took … Read More