On March 27 I mentioned a trading idea I had in the 3D printing industry and how I thought several stocks were setting up for a nice big bottom reversal breakout, one of my bread and butter setups I go over in great detail here. Well, Thursday we got that big breakout day and I banked big …
This market has been out of control, in a good way for day traders like myself. For long-term investors not so much… I want to explain the best way I have found of how to trade in a bear market. As expected the SPY pulled back again and moved back to test the lows at …
This was a crazy week for the market, especially thanks to trades like the one I had in GLNG. As I predicted a few weeks ago, the SPY tested the $182 price level which was about a -17.3% decline from the all-time high reached in summer 2015. I didn’t need a magic ball to predict …
It was another good week with the market with the S&P 500 up 4 days. The SPY is now sitting at $203.20 with an all-time high above $213.00. The key level I am watching is $206.00 as this is a potential turning point for the SPY. The overall market is important to watch regardless if …
When trading OTCBB penny stocks, it’s obvious that what a company claims do, is irrelevant. On the other hand, when it comes to small-cap stocks, or and any other asset type for that matter, the truth is that we have to pay attention to a few more important factors. Although you should still treat any …
VISN is a crazy penny stock that spiked up from $2.00 to $18.00 in just a few days. Although these types of stocks do not occur every day, they do occur more than you would expect. The key to trading erratic low float stocks like VISN is to have a plan and stick to it. …
Do You Like Awesome Penny Stocks? I haven’t posted in a while about many awesome penny stocks because the summer in the U.S. is really the down time for the stock market and especially the penny stock market. Now that labor day is over historically speaking the market usually comes back to life. In general …
SPY or the S & P 500 ETF (exchange-traded fund) is an aggregate of all big board stocks since all stocks are correlated to SPY. I use SPY as a gauge of market sentiment and short and mid-term market direction. Although penny stocks do not follow the market as much, they do follow it to …
I thought I would share an interesting video because I am sick of how Wall Street takes advantage of the general public. It does not just happen in penny stocks but also in the stocks of higher-priced companies. Almost everyone that is interested in the stock market knows of Jim Cramer. The funny thing is …
TheStreetsweeper.org released an alert on CYBX today. These guys uncover what they believe to be fraudulent companies and they release to the public. Their article can be found here. I shorted 2000 shares at 9:51:10 at $45.61. I covered 1000 shares at $44.61 and then I covered the rest at $45.00 when the stock failed …