Tackle Today: Using Secondary Indicators
November 11, 2020
≈ Processing the election results so far ≈
Traders,
In tonight’s YouTube special, Coach Noah Davidson is going to teach how to use secondary indicators in your technical analysis. When you read charts, the basic tools of price action, candlesticks, volume, trend, and patterns are considered primary. When you add tools like MACD, Stochastics, RSI and other indicators, they are considered secondary. Secondary indicators can be extremely helpful to you, if you use them properly.
Indicators are mathematically based tools that we use to analyze the past and anticipate future price movements, trends, and volatility. Many traders use them to qualify their trading candidates.
If you are going to use secondary indicators, you must learn how to read them. Join us tonight, at 7 pm EST, for our weekly special webinar series on our YouTube channel to learn the proper use of these indicators and some tips and tricks on how Coach Noah uses them in his charting.
#TeamTackle
Chart of the Day
IWM iShares Russell 2000 ETF Monthly Candlestick Chart
The Small Caps have been bullish lately, as indicated by the Russell 2000 Small Cap ETF above (Ticker: IWM). These stocks had been underperforming for much of 2020, but in November are making strong moves and near the multi-year and all-time high.
Video of the day
Using the RSI Indicator to Determine Breakouts
Coach Matt and Gino discuss how they use the RSI Indicator to determine breakouts in this video.
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Coaches Show Replay
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.
YouTube Special – Covered Calls
Join us for a special webinar with Coach Noah at 7 pm EST on Covered Calls
Bear Market Survival Guide MMG 8:30 pm EST
Join our monthly mastermind on how to trade the Cash Flow Condors System.
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