Here are the charts on today's two trades and my analysis for each. For SSO I used the SPY chart, since it is a derivative of it. DIS SSO
Chart request on VIAB - solid trade setup if it can climb above resistance as noted below.Â
Initially I had planned to write this summary of the past week's historic week of trading on Saturday, but I decided to postpone it until Sunday night after the futures opened and had some price action behind them. First off, let me just say, that despite the torrential start to the year for the S&P
1/8: Apple maintaining a massive support level on the weekly chart using a massive rising trend-line dating back to 2014. I did a post on this on 1/7/16 that is worth checking out. This trade is a result of that chart that was posted.
$200 price level on SPY looks to be taken out at the open today as well as Monday's lows, which puts it back into free fall mode between current price and the September lows. Very well that we could see a bounce at some point today, which puts adding shorts, following a more than 30
2015 was gone at the strike of midnight and with its farewell comes 2016. For almost every trader out there, that is great news. It is the hope of all traders that the potential for profitability in 2016 is much more attainable. In this past year stocks were down, bonds were down, commodities crashed, hedge