This is a follow up blog to yesterday’s blog on Gap Up Trade Strategies. Here are two contrasting examples of stocks that started the day off the same way – gap up from yesterday’s close. The difference is the which way they went after the gap up and how to trade them.
Tomorrow, we’ll get a feel of the current strength in the auto industry as the “Motor Vehicle Sales” numbers will be released . It will also give us a feel of consumer confidence and general health of the economy. Market Consensus Before Announcement (bloomberg) Sales of domestic light motor vehicles in January sold at a …
Wow, what a week. Oil toys with $100 / barrel – a rocket ship up from mid 80’s just days ago gold hits highs it hasn’t seen in a while HP reports a very concerning outlook World in turmoil (Libya) Energy stocks, especially those not exposed to the middle east were strong Companies with high fuel usage …
A look at the stock market indexes and etfs.
Hello, Bulls. I wanted to take a few minutes to discuss the AXL trade we got into on Thursday in the Boom Factory. There were a handful of indicators that we should (I should) have paid attention to before jumping in and making an anticipatory trade. Yeah, upon first look – we had a nice …