Trade of the Day Every day brings something different to trading. Yesterday was down, today is up, or days of dull trading resolve in increased volatility. There is always something new. One thing that doesn’t change is the trade of the day. This is the best trade the market had to offer that day. It doesn’t mean that the trade of the day made the most money or ran the … [Read more...]
New Stock Market Highs. Are They Real?
New Stock Market Highs: Are They Real? Last week, the S&P 500 Index made new stock market highs, closing at 3037.56. Are they real? The yearly chart shows that after springing the lows made in 2002, the S&P cash index has been up eleven years in a row, except for last year when the market closed down. Note the volume increased to the downside in 2018, indicating some … [Read more...]
Trading the Wyckoff Method
Trading the Wyckoff Method: Today's S&Ps Last night, we held a seminar on trading the Wyckoff Method focusing on the signs of strength and signs of weakness. We incorporated Tom Williams’s work on the SOS and SOW and my work on coordinating these with multiple time frames. It was a terrific group of traders, asking incisive questions about the material. We went on for … [Read more...]