≈ Do you trade them, do you dare? ≈
Patterns plague the stock market. They’re both observable and repetitive. You can find them on price charts. And, fortunately, the better you get at spotting them, the easier trading becomes. Recall that prices are a function of supply and demand – and that it is humans that are behind the buying and selling.
Humans, or more accurately, human nature, never changes. Fear and greed drove participants to act a century ago just as they do today. And because the collective actions of these actors play out in price charts, we see a fair bit of repetition in the stock market. Thus, while every market cycle is unique, those that study past patterns are better equipped to spot turning points in modern markets.
As the great Winston Churchill said, “The farther back you look, the further forward ahead you can see.” He would have made a great technician.
The importance of patterns will be a prominent feature of our upcoming Swing Trading 101 webinar next Monday. So mark your calendar and enjoy an entertaining evening with Coach Matt and the Tackle Trading Team.
Chart of the Day: Apple ($AAPL) Stock Reaches Record
The technology sector did some serious muscle-flexing this week, led by the king of them all – Apple. Notice the volume groundswell confirming the breakout. This wasn’t some small-fry affair but an institutionally-driven influx. Well done, bulls. Well done.
Video of the day: Fundamental Focus: Enterprise Value Explained
Coach Greg explains what Enterprise Value is and how traders and investors can use this important fundamental concept.
Today’s line up
Traders Lounge 11 PM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cash Flow Club Replay
If you missed last night’s episode with Coach Greg Holmes on Cash Flowing Around Holidays or would like to watch it again, check it out here.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.
Financial freedom is a journey
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