Front-Running Chart Pattern Strategy For High Profit Trades

Vantage Point Trading https://ift.tt/2GD5aQ3

Front-running a chart pattern increases the reward:risk of the trade significantly, gives us more options for a profitable exit, and leaves us less exposed to false breakouts compared to the traditional chart pattern trading approach.
Trading chart pattern breakouts is one of the first strategies I learned when I began full-time trading back in 2005. Even though it took time to determine which ones to trade, which ones to leave alone, and which ones were…

The post Front-Running Chart Pattern Strategy For High Profit Trades appeared first on Vantage Point Trading.

Best and Worst Forex and Commodity Performers In April (Seasonality)

Vantage Point Trading https://ift.tt/2IhaAxg

Here are the currencies and commodities that do well or poorly in April, historically. Statistics include how often the prices rise or fall, and by how much, on average. Tickers mentioned: Dollar Index (DX, UDN), GBPUSD and FXB, AUDUSD and FXA, USDCAD and FXC, NZDUSD, Oil (CL, USO), Natural Gas (NG, UNG) and Gold (GC, GLD).
Also, check out the Best-Performing Stocks in April.
Statistics are based on monthly opening and closings prices, and do…

The post Best and Worst Forex and Commodity Performers In April (Seasonality) appeared first on Vantage Point Trading.

The brief history of "hair dryer chicken," or, how stupid the media world has become in the Twitter era.

Donald Glover tweets an entire script (here annotated) to refute Marvel saying he was too busy for Deadpool.

The Morning News https://ift.tt/2E4VOai

“I’m not mad about this whole ‘cancelled’ thing.” Glover says he doesn’t care about the cancellation of his Deadpool animated series—though just saying that (and by writing an entire script in reference to the incident), it appears evident that he does care.

↩︎ The Ringer

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A Chinese space station is expected to crash on Earth around April 1. Where exactly, no one is quite sure.

Friday headlines: You talk different sometimes.

The Morning News https://ift.tt/2J62mct

03-29-2018 Trade of the Day

Trading Concepts, Inc. https://ift.tt/2E71T6a

Nasdaq Posts Quarterly Gain

MARKET SUMMARY

U.S. markets showed strength to close out a shortened week while finishing higher over the four sessions and ahead of Good Friday. It also marked the last trading day for the month and quarter which most fund managers were probably glad to see.

April is historically a bullish month for the market with the Dow typically showing the most strength. However, the technical outlook remains rocky with 1Q earnings season fast approaching and a number of headwinds facing the U.S. and global markets going forward.

The Nasdaq surged 1.6% after trading to an intraday high of 7,120 to regain the 7,000 level but remains below its 100-day moving average. For the quarter, Tech was up 2.3%, and year-to-date.

The S&P 500 surged 1.4% after tapping a high of 2,659 but remains roughly 2% below its 100-day moving average. For the quarter, the index was down 1.2%.

The Russell 2000 rallied 1.2% after racing to a high of 1,540 to clear its 100-day moving average but a level that failed to hold into the close. The index was down 6 points, or 0.4% for the quarter.

The Dow jumped 1.1% to regain the 24,000 level while trading to an intraday high of 24,314. The index fell 2.3% for the first-quarter.

THE ZEN OF TRADING - Part 2

ANALYST UPGRADES / DOWNGRADES 

Akamai (AKAM) upgraded to Equal Weight from Underweight at Morgan Stanley
Exelon (EXC) upgraded to Neutral from Sell at Goldman Sachs
Harley-Davidson (HOG) upgraded to Neutral from Underperform at Longbow

DiamondRock (DRH) downgraded to Underperform from Neutral at Boenning & Scattergood
GameStop (GME) downgraded to Underperform from Neutral at BofA/Merrill
Starbucks (SBUX) downgraded to Neutral from Outperform at Wedbush

EARNINGS

Friday’s earnings:
Market closed for Good Friday.

UPCOMING ECONOMIC NEWS

Friday's economic reports (EST): 

No major announcements.

METALS / OIL

Gold closed at $1,327.30 an ounce, down $2.70

Silver settled at $16.27 an ounce, up $0.02

Copper finished at $3.02 a pound, up $0.02

Crude Oil closed at $64.92 a barrel, up $0.28

Bitcoin Investment Trust (GBTC) settled at $10.49 down $0.79

Article of the Day

Avoid Turning a Winning Trade into a Losing Trade

And what is a wining trade anyway?...[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Copyright © 1994-2018 Trading Concepts, Inc.

All Rights Reserved.

03-29-2018 Trade of the Day

Trading Concepts, Inc. https://ift.tt/2E71T6a

Nasdaq Posts Quarterly Gain

MARKET SUMMARY

U.S. markets showed strength to close out a shortened week while finishing higher over the four sessions and ahead of Good Friday. It also marked the last trading day for the month and quarter which most fund managers were probably glad to see.

April is historically a bullish month for the market with the Dow typically showing the most strength. However, the technical outlook remains rocky with 1Q earnings season fast approaching and a number of headwinds facing the U.S. and global markets going forward.

The Nasdaq surged 1.6% after trading to an intraday high of 7,120 to regain the 7,000 level but remains below its 100-day moving average. For the quarter, Tech was up 2.3%, and year-to-date.

The S&P 500 surged 1.4% after tapping a high of 2,659 but remains roughly 2% below its 100-day moving average. For the quarter, the index was down 1.2%.

The Russell 2000 rallied 1.2% after racing to a high of 1,540 to clear its 100-day moving average but a level that failed to hold into the close. The index was down 6 points, or 0.4% for the quarter.

The Dow jumped 1.1% to regain the 24,000 level while trading to an intraday high of 24,314. The index fell 2.3% for the first-quarter.

THE ZEN OF TRADING - Part 2

ANALYST UPGRADES / DOWNGRADES 

Akamai (AKAM) upgraded to Equal Weight from Underweight at Morgan Stanley
Exelon (EXC) upgraded to Neutral from Sell at Goldman Sachs
Harley-Davidson (HOG) upgraded to Neutral from Underperform at Longbow

DiamondRock (DRH) downgraded to Underperform from Neutral at Boenning & Scattergood
GameStop (GME) downgraded to Underperform from Neutral at BofA/Merrill
Starbucks (SBUX) downgraded to Neutral from Outperform at Wedbush

EARNINGS

Friday’s earnings:
Market closed for Good Friday.

UPCOMING ECONOMIC NEWS

Friday's economic reports (EST): 

No major announcements.

METALS / OIL

Gold closed at $1,327.30 an ounce, down $2.70

Silver settled at $16.27 an ounce, up $0.02

Copper finished at $3.02 a pound, up $0.02

Crude Oil closed at $64.92 a barrel, up $0.28

Bitcoin Investment Trust (GBTC) settled at $10.49 down $0.79

Article of the Day

Avoid Turning a Winning Trade into a Losing Trade

And what is a wining trade anyway?...[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Copyright © 1994-2018 Trading Concepts, Inc.

All Rights Reserved.

Why Rebalancing Your Portfolio Is Important

INO.com Traders Blog https://ift.tt/2IitrI9

Despite only being three months into 2018, investors have been on quite a wild ride. The market started off the year as it ended 2017, on a tear higher, then the brief crash in early February, which led to a nice calm recovery during the remainder of the month just to run into what I’m […]

The post Why Rebalancing Your Portfolio Is Important appeared first on INO.com Traders Blog.

"“I know that the last few seconds of his life, he must have been really happy."

The Morning News https://ift.tt/2pOMFNO

Photographer Jon Mozo died while shooting one of the world's deadliest waves. Thirteen years later, his daughter, an accomplished photographer herself, swims out to the wave for the first time.

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A researcher uses artificial intelligence to create surrealist nude paintings.

Researchers say that recycled wastewater tastes better than tap water.

Eighteen percent of Poles don't accept Jewish people as Polish citizens. Twice as many feel the same about Muslims.

Sushi on a single grain of rice.

The Morning News https://ift.tt/2pR8Xyr

At Tokyo's Sushiya No Nohachi, a chef makes the world's smallest sushi.

Via kottke.

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Multiple companies pull advertising after Fox News's Laura Ingraham publicly mocks one of the Parkland survivors.

A reporter used data analysis and a 3-D rendering program to find the best seat in Dodger Stadium.

A schedule of vigils and marches to be held across America in honor of Stephon Clark's death-by-cop.

Find the least-traveled highway in every state.

As the New York Times flogs Facebook, let's not forget it also tracks and sells its subscribers.

The original drummer for The Offspring, on trial for malpractice as an OB/GYN, rescues a juror with CPR.

Jessa Crispin on the lessons of Joanna Russ and what a truly liberatory literary world would look like.

The Morning News https://ift.tt/2J25y8Z

It’s a cliché that literature builds empathy. It can help you along in that process, but only if you aggressively work against the impulse to treat literature like a mirror. The first step is to notice that you are doing that.

↩︎ The Baffler

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Stocks End Tough Quarter Higher On The Day

INO.com Traders Blog https://ift.tt/2IbtZ2z

Hello traders everywhere. The stock market is looking to close out a tumultuous first quarter of 2018 with positive daily gains in a holiday-shortened trading week albeit on light trading volume heading into the holiday weekend. The Easter holiday may be a much-needed break for beat-up traders to lick their wounds and start fresh come […]

The post Stocks End Tough Quarter Higher On The Day appeared first on INO.com Traders Blog.

Top Performing Stocks In April (Seasonality)

Vantage Point Trading https://ift.tt/2E4Txff

These are stocks that excel in April, rising at least 78% of the time and producing as much as 12% gains during the month, on average. Stocks mentioned: WFT, SWN, OKE, ITW, HAL, EQT, COG, AVP, TKR, SLB, PPG, HXL, F, and EGN.

Seasonality is the study of how assets perform at certain times of the year. The stocks below show a strong tendency to rise in April, historically. That doesn’t mean they will rally …

The post Top Performing Stocks In April (Seasonality) appeared first on Vantage Point Trading.

No matter what Colm Tóibín says, the flashback is here to stay (in literature).

The Morning News https://ift.tt/2J0gBiW

The idea that an individual is in some special way burdened by the past inevitably leads to the more general reflection: What is a character if not the incarnated accumulation of past behavior and circumstances?

↩︎ The New York Review of Books

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Slack will soon let you know if you change how you communicate when you speak with people of different demographics.

Japan makes it known that it, too, would like a summit with North Korea, thanks.

Market Support Will Form Ahead of Earnings Season - Use This As A Stop

One Option Trading Blog https://ift.tt/2J3MuXZ Posted 9:50 AM ET - The market is trying to find support at the 200-day MA and I expect to see a bounce heading into earnings season. There is nothing like profits to attract buyers and the results should be excellent. Stocks are trading at a forward P/E of 16.5. That is near the upper end of the range, but not in bubble territory. Trump is negotiating trade deals behind closed doors and that is a positive sign. South Korea already came to the table and they made concessions. The Fed plans to hike two more times this year and that …

Market Support Will Form Ahead of Earnings Season - Use This As A Stop

One Option Trading Blog https://ift.tt/2J3MuXZ Posted 9:50 AM ET - The market is trying to find support at the 200-day MA and I expect to see a bounce heading into earnings season. There is nothing like profits to attract buyers and the results should be excellent. Stocks are trading at a forward P/E of 16.5. That is near the upper end of the range, but not in bubble territory. Trump is negotiating trade deals behind closed doors and that is a positive sign. South Korea already came to the table and they made concessions. The Fed plans to hike two more times this year and that …

Thursday headlines: A kingdom on the moon.

The Morning News https://ift.tt/2IayzxZ

Boards approve CME’s £3.9bn offer for Nex

Home https://ift.tt/2J4YVCI The boards of the two firms give unanimous green light to cash-stock transaction

03-28-2018 Trade of the Day

Trading Concepts, Inc. https://ift.tt/2GTjYYr

Choppy Trading as End of Quarter Nears

MARKET SUMMARY

U.S. markets closed lower for a second-straight session following another choppy session. There was little news to account for the volatility which stayed elevated, though portfolio managers may be positioning themselves ahead of the quarterly close. There could be continued market gyrations on lighter volume Thursday as the holiday shortened week wraps up with the market closed for Good Friday.

The Nasdaq declined 0.9% after bottoming at 6,901 intraday to close back below the 7,000 level. The S&P 500 slipped 0.3% after testing an intraday low of 2,601 while holding the 2,600 level for a third-straight session.

The Dow slipped 9 points, or 0.04%, despite trading to an intraday high of 24,092 while closing below the 24,000 level for the fourth time in five sessions. The Russell 2000 lost a half-point, or 0.04%, after trading down to 1,505 while holding the 1,500 level for the second-straight session.

THE ZEN OF TRADING

ANALYST UPGRADES / DOWNGRADES 

Burberry (BURBY) upgraded to Buy from Neutral at Goldman Sachs
AT&T (T) upgraded to Buy from Hold at HSBC
Rockwell Automation (ROK) upgraded to Outperform from Market Perform at Wells Fargo

General Electric (GE) downgraded to Sell from Hold at DZ Bank
Northern Star (NESRF) downgraded to Market Perform from Outperform at BMO Capital
Valeritas (VLRX) downgraded to Market Perform from Outperform at Cowen

EARNINGS

Thursday's scheduled earnings include: 
Before the open: Altimmune (ALT), Constellation Brands (STZ), Lindsay Manufacturing (LNN), Movado Group (MOV), Remark Holdings (MARK), Science Applications (SAIC), Titan Machinery (TITN), Worthington Industries (WOR)
After the close: Art’s Way Manufacturing (ARTW), Five Point Holdings (FPH), KemPharm (KMPH), ParkerVision (PRKR), Synnex (SNX), Xcel Brands (XELB)

UPCOMING ECONOMIC NEWS

Thursday's economic reports (EST): 

Jobless Claims - 8:30am
Personal Income and Outlays - 8:30am
Chicago PMI - 9:45am
Bloomberg Consumer Comfort Index - 9:45am
Consumer Sentiment - 10:00am
Baker-Hughes Rig Count - 1:00pm

METALS / OIL

Gold closed at $1,330.00 an ounce, down $12.00

Silver settled at $16.25 an ounce, down $0.29

Copper finished at $3.00 a pound, unchanged

Crude Oil closed at $64.64 a barrel, down $0.24

Bitcoin Investment Trust (GBTC) settled at $11.28 down $0.67

Article of the Day

Todd Mitchell's 20 Rules for Trading Success

Survival for the trader starts with discipline and risk management, but there are also many rules Todd lives by when trading...[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Copyright © 1994-2018 Trading Concepts, Inc.

All Rights Reserved.

03-28-2018 Trade of the Day

Trading Concepts, Inc. https://ift.tt/2GTjYYr

Choppy Trading as End of Quarter Nears

MARKET SUMMARY

U.S. markets closed lower for a second-straight session following another choppy session. There was little news to account for the volatility which stayed elevated, though portfolio managers may be positioning themselves ahead of the quarterly close. There could be continued market gyrations on lighter volume Thursday as the holiday shortened week wraps up with the market closed for Good Friday.

The Nasdaq declined 0.9% after bottoming at 6,901 intraday to close back below the 7,000 level. The S&P 500 slipped 0.3% after testing an intraday low of 2,601 while holding the 2,600 level for a third-straight session.

The Dow slipped 9 points, or 0.04%, despite trading to an intraday high of 24,092 while closing below the 24,000 level for the fourth time in five sessions. The Russell 2000 lost a half-point, or 0.04%, after trading down to 1,505 while holding the 1,500 level for the second-straight session.

THE ZEN OF TRADING

ANALYST UPGRADES / DOWNGRADES 

Burberry (BURBY) upgraded to Buy from Neutral at Goldman Sachs
AT&T (T) upgraded to Buy from Hold at HSBC
Rockwell Automation (ROK) upgraded to Outperform from Market Perform at Wells Fargo

General Electric (GE) downgraded to Sell from Hold at DZ Bank
Northern Star (NESRF) downgraded to Market Perform from Outperform at BMO Capital
Valeritas (VLRX) downgraded to Market Perform from Outperform at Cowen

EARNINGS

Thursday's scheduled earnings include: 
Before the open: Altimmune (ALT), Constellation Brands (STZ), Lindsay Manufacturing (LNN), Movado Group (MOV), Remark Holdings (MARK), Science Applications (SAIC), Titan Machinery (TITN), Worthington Industries (WOR)
After the close: Art’s Way Manufacturing (ARTW), Five Point Holdings (FPH), KemPharm (KMPH), ParkerVision (PRKR), Synnex (SNX), Xcel Brands (XELB)

UPCOMING ECONOMIC NEWS

Thursday's economic reports (EST): 

Jobless Claims - 8:30am
Personal Income and Outlays - 8:30am
Chicago PMI - 9:45am
Bloomberg Consumer Comfort Index - 9:45am
Consumer Sentiment - 10:00am
Baker-Hughes Rig Count - 1:00pm

METALS / OIL

Gold closed at $1,330.00 an ounce, down $12.00

Silver settled at $16.25 an ounce, down $0.29

Copper finished at $3.00 a pound, unchanged

Crude Oil closed at $64.64 a barrel, down $0.24

Bitcoin Investment Trust (GBTC) settled at $11.28 down $0.67

Article of the Day

Todd Mitchell's 20 Rules for Trading Success

Survival for the trader starts with discipline and risk management, but there are also many rules Todd lives by when trading...[read more]

Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

Copyright © 1994-2018 Trading Concepts, Inc.

All Rights Reserved.

London Block Exchange adds ripple

Home https://ift.tt/2pSwCPp Ripple becomes fourth cryptocurrency offered by newly created London Block Exchange

Sada-Paz resigns from BAML

Home https://ift.tt/2J218yJ Mauricio Sada-Paz is set to quit Bank of America Merrill Lynch, leaving his roles as Emea head of eFicc sales and global head of eFX sales

American special forces are in more than twice as many countries as US ambassadors.

This year alone, 800 storage facilities will come online in an America that's currently overflowing with stuff.

Why aren’t liberal states and cities able to pass the climate legislation they say they want?

The Morning News https://ift.tt/2DPL5QK

On the global stage especially, and increasingly at the national level, the companies most responsible for driving climate change are positioning themselves as authorities on how to end it. At least for now, their weapons of choice are market-based climate policies.

↩︎ The Intercept

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Got VHS? Smithsonian begins crowdsourced digitization of home videos from African-American families.

UK corporates lose out as sterling slides, study says

Home https://ift.tt/2pLSY5M Importing firms see average profit loss of 12% following Brexit vote, finds Western Union

BoE: reasonable to expect passporting rights until 2020

Home https://ift.tt/2GAYPV3 Firms operating under current passporting regime can expect to continue activities until at least the end of the new implementation period

CLS volumes hit record high in February

Home https://ift.tt/2GjVwhy Pickup in participation from buy side contributes to growth in volumes

Why the appointment of John Bolton does not necessarily mean that war is imminent… yet.

The Morning News https://ift.tt/2G7tPsw

If Bolton advises against war, Trump would likely sit up and take notice. Of course, there is a big caveat: [this] assumes the decision-maker is rational, and we do not know if this is true of Trump.

↩︎ The Washington Post

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