My Watch List is Long, But So Are the Setups

I ran through all of my charts this afternoon and was surprised to find so many great setups, even with the market having gone up 14 of the past 15 days.  The breadth today was terrible, you can see it by looking at the $DIA vs $SPY vs NYSE.  I’ve got a lot of names tonight so get a pencil out.  Video below…

  • jadoube
    That was my daughter with the comment about the umms, not me. Hey, seriously, we watch all your videos and get a lot out of them. Teaching the Stock Market Game to her class, and your vids are top on my recommended list, so the kids get an idea of how a short-term technical trader thinks. So know your flags from your pennants. And please make "crappy" the naughtiest word you say for the next ten weeks.
  • Glad you find the material useful, as I've said in the past, it's more
    useful for me to work through my thoughts on the blog and in the videos than
    it will ever be for anyone else, but if you get something out of it, all the
    better. Traders used to write down their thoughts in a note book, I write
    them here.

    Pennants and flags generally represent the same technical action, they are
    consolidation patterns that are normally resolved in the direction of the
    primary trend, on whatever time frame you are looking at.

    I don't censor my language, mostly because I don't believe in censorship at
    all, but really because I write in a conversational tone. I apologize if
    some of the language is offensive.

    Video is completely new to me, the dictation should only get better. We're
    not all natural television broadcasters after all ;)
  • jadoube
    waaaaaaaaaay too many uuuuuuuums
  • jadoube
    Dude, my 9-year old daughter knows that's a pennant on NEP, not a flag.
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