| web | Link |
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| Author | Pat Crawley, Ross C, Sean, |
| Stats | Has published 276 posts about trading |
Following Thursday’s GDP print of -0.9%, the US is in a recession by the standard definition of two consecutive quarters of GDP contraction. The stock market, however, is unbothered, rallying on the news. The “official” forecasts for Q2 GDP were -0.5%, while it came in at -0.9%. That the market rallied on this tells me it was expecting a far worse GDP print...
All right, so in this episode we're going to talk about gaps and windows on both daily charts and intraday charts....
The tides yet again shifted in the US stock market this past week. Stocks rallied all week and now all the bulls are taking a victory lap while the bears swear up and down that it’s a bear market rally. Here are the US indices returns for the week: S&P 500: +5.5% NASDAQ 100: +7.23%...
Ever since Elon Musk made an offer to buyout Twitter (TWTR) back in April, the story has transcended the deal pages and become a tabloid phenomenon. Basically, Elon Musk offered to buy Twitter at a price of $54.20 per share, or $44 billion. A few weeks passed and Musk complained that Twitter’s user numbers were juiced by bots, claiming that the...
Stock splits have been on the rise recently, with Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), Tesla (NASDAQ: TSLA), and GameStop (NYSE: GME) among some of the well-known companies to...
This past week we got new red-hot CPI numbers, further drama in the Elon Musk and Twitter saga, and the start of earnings season. Let’s look at the technical picture in major indices....
What is the Alternative Display Facility (ADF)? The Alternative Display Facility (ADF) is a piece of market infrastructure run by FINRA. Institutions use it to post quotes and report trades. It’s called the Alternative Display Facility because the ADF is an alternative to an exchange for institutions to post quotes and report trades. It's basically where...
Click here Summertime Trading to get Ross’s pdf on Traveling and Trading....
What's up, everyone? Well, I am day trading in a Walmart parking lot, traveling trading station and in a camper van. Click here...
What's up everyone? All right. Well, I am day trading with a Starlink in a Walmart parking lot here in upstate New York, near the Adirondack Mountains. And so here's the thing, the last time I was traveling and trading, I was just using my mobile hotspot....
What's up everyone? All right. Well, I'm on the roof of the van, the camper, and we've got the internet set up. This is another day of trading on the go using, well, a couple of different internet sources....
Seasonality is when things change in data in a repeatable and predictable manner. Like summer heat and winter cold, data too, has “seasons” which repeat itself predictably. There’s seasonality in most datasets, especially in the financial and economic fields. Look at any economic statistic published by the government and you’ll often see the headline figure is “seasonally adjusted,” to remove the...
The stock market is a complex system made up of intricate technologies and a variety of participants, which include investors, market makers, traders, hedgers, speculators, financial experts, and analysts. Some of the most highly regarded individuals in the stock market world are analysts who spend their time researching companies. These analysts earn a living by sharing their opinions and views on what they...
Have you ever signed up for a brokerage account or downloaded a stock screener, only to be forced to sign contracts about market data from a stock exchange? Pretty confusing, I know. After all, if you’re signing up for a Charles Schwab account, why are you signing contracts with the New York Stock Exchange or Nasdaq? The basic answer is that exchanges own...
What's up? All right. Well, today, just before I was about to sign off and was finished trading for the day, we had pretty epic algo flush. And I thought this is a good opportunity to do an episode on how the algo flush works. So, whether...
Whenever the price of a stock goes down after a superb earnings report, there tends to be some confusion among traders. If you visit discussion forums on social media sites such as Reddit, you will find some people asking questions such as “Why isn’t the stock rising when the earnings report beat?” or “Why is falling?” A good example is Coinbase (COIN...
This week is a shortened trading with markets closed Monday, June 20 for the Juneteenth holiday. There’s no other way to put it: the price action in the US stock market this week was ugly, with the S&P 500 losing over 5% on the week, officially putting the index in “bear market” territory, meaning the index dropped 20% from recent highs. The reflation...
Most of the mainstream trading literature is chock full of references to patterns with funny names, like the megaphone pattern. To novices looking to learn the ropes, this can come off as a practice in reading tea leaves or moon cycles. And while the trading world admittedly has its fair share of quacks, the purpose of learning stock market patterns is not...
The S&P 500 continued its downtrend pattern this week, which we put under the microscope with skepticism last week. Those questions were answered, and the S&P is ending the week near its previous lows with the path of least resistance being new lows....
Having a sound understanding of the stock market can often feel out of reach. Sometimes the market follows a predictable pattern and appears to make sense, while other times it is volatile for no clear reason. More often than not, stock prices are affected by a number of events and factors, some of which weigh on stock prices indirectly and others that do...
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