Over the past several weeks REITs have been showing up on my screens where institutional buying is occurring. Innovative Industrial Properties has been sitting around a buying area for a couple of weeks now. Let’s see if institutions keep buying this REIT and move it out of the range that it is currently in.
As Morningstar has been moving down in a Wedge pattern, will we see a double bottom before support comes in? This is a difficult market. You should be in cash waiting for the next swing up. Protect Capital at all costs.
Put an alert on your chart trading platform to see if Verisk reaches the support line illustrated on the graph. If it does reach the proper price level, watch the price action to see if it pops-up on volume showing institutional support.
The NASDAQ stock chart is showing a typical downtrend with lower highs and lower lows. Where will it find the bottom for the next swing trade possibility? The market is still very volatile right now, so you should be in cash. If you feel the need to trade, you should only consider day trading until …
The Russell 2000 stock chart is showing a typical downtrend with lower highs and lower lows. Where will it find the bottom for the next swing trade possibility? The market is still very volatile right now, so you should be in cash.
Today was a good day in the market depending on how selective and agile you are. From time to time, we buy inverse ETFs when the market is going down. As this stock chart illustrates, the stock market had a lot of momentum to the downside with a lot of volume. These are usually day …
Today was a good day in the market depending on how selective and agile you are. From time to time, we buy inverse ETFs when the market is going down. As this stock chart illustrates, the stock market had a lot of momentum to the downside with a lot of volume. These are usually day …
The S&P 500 had a good run today. It gapped-up then came back to try and fill the gap, but was unsuccessful. Notice how the volume was light compared to its 50 day moving average. We are very near the next resistance level. Let’s see what happens next.
The Nasdaq has a nice gap up this morning, then came back down to try and fill the gap, but it didn’t quite get there. Let us see if it continues to run up. If it does, let’s see if it runs into resistance at the last swing high.
This chart pattern represents a good up-day for the market, but you can see it was on low volume. As the market continues to rise, we will have to see if it runs into resistance at its last swing high. It also should be noted that this specific market closed the gap lower before moving …
