So let us begin the new year with a first, a new strategic video from Market Club that will in less then five minutes show how to use a day like last Friday's big rally to find real time trading ideas for the quick and nimble:
One of the key components I look for is how a market closes on a Friday or the last trading day of the week. This is when traders have to decide what they want to do with their positions. It also tells you with a high degree of probability which way the market is headed for the upcoming week. I learned this trading secret on the floor of the exchange in Chicago and it is one I would like to share with you today. I feel that this technique has a lot of validity, particularly in light of today's volatile markets.Back to my usual home spun wisdom, observations and clarity on the markets, shortly.
Enjoy the video.