Jeff Bishop’s May roundup – Expect this in June
May marked my biggest trading turnaround in 2020 - flipping my account from a $50,000 loss to a gain of over $150,000! It’s nice to be back on the green team... (I took a little time to celebrate with my daughter on a quick boating trip.) The bulls are...
Not all beaten-down stocks are created equal
Just before tech stocks can challenge their all-time highs… Investors have begun rotating into the major laggards: airlines, restaurants, cruise lines, financials, you name it. But before you jump in with both feet... ... you need to understand which industry rallies...
These 4 keys unlock the market’s direction this week
20% Unemployment… That’s not a headline from 1930...it’s the consensus estimate for non-farm payrolls in May. Despite the ballooning unemployment figure… the stock market is closing in on all-time highs again. It’s not that market participants don’t care...but more...
10 ways to transform into a winning trader
Becoming a successful trader doesn’t just happen overnight. But then again, it isn’t something that needs to take years either. And look, I struggled for more than a decade before the lightswitch finally came on. During that time, I compiled a list of 10 different...
Myth Debunked: The Trend Is Your Friend
Trading in the opposite direction of the trend can feel awful at times. For decades “The Trend Is Your Friend” has been the mantra repeated by many so-called stock-picking experts. The fact is most traders are intimidated by the thought of trading against the grain...
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My favorite chart setup to hit doubles
I don’t always swing for the fences… But when I do, it’s because I either like the chart pattern, catalyst, or both. CAT Hourly Chart Now, if it doesn’t look like much now, that’s okay. Because I’m going to spend some time and detail why this setup has...
Don’t skip this intermarket analysis or you’ll regret it
Tech continues to sell off as quickly as it rose. And the VIX can’t be trusted to offer up reliable signals. So, where do we look for market clues? A place most of us ignore - the currency markets. I know they’re pretty lame. But the US Dollar and Japanese Yen proved...
Catch the money pattern in action with GLD and QQQ
After weeks of watching tech and gold scream higher, both hit the pause button. Actually, gold did more than hit the pause button. GLD Hourly Chart What’s so cool about this chart, and what I want to discuss today, is how the money-pattern...
Don’t Trade GLD or SLV Before You Read This
Over the weekend, I received a question from a High Octane Options member. Some of it dealt with the crude oil price crash from a few months ago...when the futures actually traded negative. But they weren’t asking about crude oil. Instead, they wanted to know if a...
This SPY price will cause a short squeeze
Markets aren’t cheap by any traditional measure. But that hasn’t stopped bulls from trampling bears left and right. If the SPY crests $339.08 and starts closing daily above that level… Prepare for the mother of all rallies! SPY Daily Chart So far, it’s been...
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