Tales of a Technician: This Is How a Phoenix Manages Trades
August 23, 2021
For those who aren’t enjoying the joy and enlightenment that flows to members of the Team Phoenix Trading Lab, I’m providing a sneak peek today.
August 23, 2021
For those who aren’t enjoying the joy and enlightenment that flows to members of the Team Phoenix Trading Lab, I’m providing a sneak peek today.
August 9, 2021
Digital currencies continued their recovery bid over the weekend, with Bitcoin and Ethereum pushing past pivotal price levels. Bitcoin finally breached the resistance zone between $41k and $42k. It’s the second significant ceiling the crypto king has taken out since bottoming last month and solidifies the posture of its new uptrend. We now have two higher pivot highs to accompany the higher pivot low that formed last week.
August 3, 2021
What is the most profitable options Strategy? Here’s my take on this polemic question.
August 2, 2021
A bear is a trader who bets on lower prices. Given all the terrible things that happen globally, you might think they have a decent chance of making money wagering on declining markets. When I first started, I thought their probability of success was at least decent.
July 27, 2021
China is the largest component of what investors call “emerging markets.” And it’s been getting smashed over the past few months. The selling accelerated on Monday, with the iShares China Large-Cap ETF (FXI) falling over 5%. Volume exploded throughout the session, rising to nearly 55 million shares by the closing bell. This is what widespread liquidation looks like.
July 20, 2021
Monday saw the Dow Jones Industrial Average suffer its largest down day since before the Presidential Election. CNBC highlighted the 700 point drop because doing so sounds far scarier than saying the popular benchmark fell nearly 2%. They weren’t wrong, though. It was a far bigger down day than what recent market movement has trained traders to expect.
July 13, 2021
Earnings season is upon us, and, as usual, banks are leading the charge. JPMorgan and Goldman Sachs are unveiling their numbers this morning. Many other heavy hitters will follow. So here’s the question circling investors’ minds: Will the financial sector get the party started with results worth celebrating?
June 29, 2021
The fallout in gold continues this morning with the yellow metal slicing through another support zone at $1,760. While there’s a slight chance that $1,750 saves the day, there’s no denying this morning’s ugliness so far.
June 24, 2021
Every once in a while, a stock will come along and smack you upside the head with an important lesson. This month, for me, it was Eli Lilly. The pharmaceutical giant is riding the coattails of positive drug news from Biogen in early June. Look at the BIIB chart to see just how explosive it was.
June 23, 2021
The massive unwind in cryptocurrency has caught the world’s attention. I’m seeing headlines everywhere about just how severe the decline has become. For its part, Bitcoin has now fallen 56% from its peak.
June 22, 2021
The world of charting is full of patterns. There are dozens upon dozens. Here at Tackle Trading, we’re most fond of four of them. They’re outlined in simplicity in our STEP System, and we highlight a handful of them every weekend in our Scouting Reports.
June 17, 2021
A little birdie told me that a new product called Trading Labs is being launched and yours truly Coach Em aka Queen Em will be hosting a lab of her own called Dynasty Investors.
June 16, 2021
You might have heard over the last couple of days that we are launching a new product – Trading Labs and I am going to be heading up one of the teams – The Cash Flow Vikings.
June 15, 2021
Coach Tyler here. I’ve been toiling away in preparation for this week’s launch of Trading Labs and am thrilled with what’s in store. Allow me to introduce you to my team – Phoenix.
