1 MIN VWAP

When buying pullbacks, you do not want to buy on weakness because disasters like DFS can happen. Instead you want to monitor the pullback, wait for buyers to regain control the buy with a stop below recent lows. DFS may be stabilizing here, but it looks like the short sellers are defending their position aggressively.

Visa (V) IPO Today

here’s a potential sympathy play.looking to buy lower, worst case stop near 15.45 10 million shares added short since December 14th (blue arrow) VWAP from Dec 14 to March 18 = 14.99 Discover Financial Services (DFS) is a credit card issuer and electronic payment services company. The Company is also engaged in payments processing. The … Read More

30 Minute SPY & QQQQ

The choppy action continues to display itself on the 30 minute timeframe where there is the potential for resistance not far from current levels. Today’s strength is impressive after yesterday’s activity, but how long will it last?

30 Minute SPY & QQQQ

The choppy action continues to display itself on the 30 minute timeframe where there is the potential for resistance not far from current levels. Today’s strength is impressive after yesterday’s activity, but how long will it last?

Class On Thursday

I will be conducting an online class this Thursday, March 20. The subject will be understanding market structure on multiple time frames. It is based on how I view the markets and includes specific entry and exit strategies with an emphasis on understanding and anticipating market psychology. You can find more information and SIGNUP HERE. … Read More