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How to Set Up Volume Profile on Your Charts
A question that’s come up a lot recently is how to set up the volume profile on your charts. I’ve got you, Baby. It’s easy peasy lemon squeezy. It’s a bit different for each charting platform, so let me show you a couple of options using the SPY chart as an example… Quick Tip: Volume…
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About Last Night | Midday Momentum
Dear Reader, Well, here we go again. The market starts to sell off, hits another support level, and then charges higher. The Buy the Dip crowd continues to purchase anything that isn’t nailed down. In addition, an insane amount of 0DTE options has pushed this market into an absurd range that just doesn’t make sense…
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Your 3-Step Approach to Profit from Earnings
Dear Reader, The majority of S&P 500 member companies have released earnings from Q2, 2022 – and although most companies reported EPS above estimates, they lag behind both 5 year and 10-year averages. And looking forward, analysts expect S&P 500 earnings to get worse before improving. The vice president and senior earnings analyst at FactSet,…
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The Best Way to Profit from the Auto Industry’s Slowdown
Shah Gilani Feb 21, 2023 In last week’s Flip the Chart column, I recommended buying-to-open a MPWR March 17, 2023 $490/$480 Put Spread – and I’m sure glad I did. As I write this, the stock looks like its rolling over, and we could hit our profit target in the next few days. This week’s…
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These Sectors are Going to be Destroyed During Week 9
On Thursday, I explained that we’re heading into the most dangerous weeks of the year for the market: Week 9. Nobody knows for sure why it happens. Regardless, we know that the S&P 500 drops an average of 1% each year during Week 9. So, where do you go to position yourself for trading the…
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This stock is up 31% already (but you should care about another batch of stocks instead)
Welcome to what’s shaping up to be one of the most volatile weeks of the year. I hope you had a good weekend. This morning, people are screaming about RIVN (down 8%), IMUX (up 31%), and MICS (down 10%)… but none of those names matter right now. Because the volume of these movers is about…
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BuY tHe DiP!!! | Midday Momentum
Dear Reader, Another day, another short selloff in the morning. Then, the Buy the Dip crowd reemerged to force out the shorts. I don’t understand this behavior because hedge funds and other institutions are using ANY short-term pop to reduce their exposure to the equity markets. But it’s been effective. And if you’re trading reversions…
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Your 5 Bread and Butter Option Strategies
Dear Reader. As traders, we want to be is nimble… Between January and June 2022, the S&P 500 (SPX) shed over 20% of its value, and then from October to December that same year it recovered 15% during a short-term rally. What’s clear is this…the market can change on us at any moment, and when…
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Cash Is King Again – Here’s Where to Park It for Steady Gains
Shah Gilani Feb 23, 2023 Some of you old Steve Miller fans may remember his seminal 1973 album The Joker and one of its brilliant tracks, “Your Cash Ain’t Nothin’ But Trash.” (For the rest of you who don’t know the song, check it out; you’re going to love it.) Like, I love cash now.…
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The Best Long-Term Plays to Weather Market Headwinds
Shah Gilani Feb 24, 2023 The wind in the sails of the “everything rally” is starting to die down as the reality of the Federal Reserve’s “higher interest rates for longer” stance continues to settle in. We could be looking at a fairly significant downturn here, and that means it’s time to rethink what we’re…