FB Previous Day Commentary - Solid open drive on Facebook yesterday, creating a P-shaped profile on the daily TPO chart. This indicates some short-covering above the $230 as well some significant buying - many people see this stock as cheap at this price given the recent price fluctuations. If price can stay above $236, we … Continue reading FB Daily Update 2nd July 2020
AMZN Previous Day Commentary - Amazon was quite bullish yesterday, confirming that the company is likely to continue to benefit from global lockdown measures with a massive shift to online sales. We're using AMZN as a guide when trading U.S. equities, particularly Nasdaq 100 components. Yesterday saw solid open drive which began a trend day … Continue reading AMZN Daily Update 2nd July 2020
AAPL Previous Day Commentary - Apple traded quite technically yesterday opening at 365 following positive reaction to ADP data published pre-market. P-Shaped profile indicates that value was found at the upper end of the daily profile where time was spent, and volume traded. With the right momentum, Apple could trade above 367 today and begin … Continue reading AAPL Daily Update 2nd July 2020
Quick post on a nice setup on the ES (E-Mini S&P) which triggered overnight during the Globex session. We've found some of the best trading setups recently have come when the cash market has been closed, particularly when it comes to inventory setups following the cash close. In this case, we're looking at a breakout … Continue reading E-Mini S&P500 Trade
The first of what we hope is many videos around technical indicators used in trading. We cover all of these off in great detail in our course material, so heres a preview of what you can expect. https://youtu.be/8Aop44s24mA Hope you enjoy, drop us a note in the comments for any suggestions on indicators you'd like … Continue reading Technical Indicator Series: RSI
Like a lot of traders & investors, the recent aggressive sell-off in stocks has presented the opportunity to pick up shares at knock-down prices, against the backdrop of a previously unrelenting bull market. Personally speaking, I've put a good chunk of money to work and taken some modest gains, versus what I'd previously have made … Continue reading Recent Ryanair Trade
