Wednesday, March 17, 2010
LONGER-TERM: CASINOS
I will be deploying casino positions in my long-term accounts. Charts on all timeframes are telling me that a longer-term holding is the best way to capture the majority of the upside. Take a look at the 10-month and 3-year charts of MGM, LVS, and WYNN.
Wednesday, March 10, 2010
Tuesday, March 9, 2010
NEGATIVE VOLUME DIVERGENCE
When price rises, but volume falls, it is called a negative volume divergence and non-confirmation price action. This is bearish. In addition, we should see large bursts of volume accompany periods of declining volume (these are your optimal trading days). Traders should be cautious from this point on.
Sunday, March 7, 2010
REGIONAL BANKS
If you want long setups, then regional banks are a great way to go. I encourage you to explore other setups within the industry.
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