Intercept Pharmaceuticals stock sold off on an FDA warning letter at the end of the quarter. Since, large players volume has been rising while the stock has formed a basing pattern.
Day: November 5, 2017
While Bluebird Bio stock doesn’t look like a good entry right now, they are advancing a CAR T treatment that looks extremely promising.
Richard Donchian created a system he called the Donchian 5 20 system in 1961. The system involves the use of the 5 day moving average and the 20 day moving average. Donchian believed that the 5 and 20 day moving averages have a special relationship because there are about 4, 5 day periods in a […]
The US national debt has now passed $20.4 trillion. Below is a brief US national debt history covering 20 years of government rule from 1993 to 2013. US National Debt By Year 2009 = $11.9 trillion 2010 = $13.5 trillion 2011 = $14.8 trillion 2012 = $16.1 trillion 2013 = $17.2 trillion 2014 = $17.8 […]
The price of oil did a breakout last week, hitting its highest level in more than two years. Two things are acting as a catalyst for rising oil prices: Oil producers cutting production, and a falling number of US rigs drilling for oil. I noted several weeks ago that analysts were getting more bullish on […]
Surging large players volume and a Zacks upgrade going into earnings next week makes for an interesting setup. AAXN is also a very strong seasonal play.
Successful investing and stock trading is a marathon, not a sprint. The tools you are equipped with are your shoes. In order to win the race, you have to know how to adapt and optimize your running. Consistent wins in stock trading can be tricky. One day you may make $1,000 and the next day, […]
Heikin-Ashi candlesticks are awesome for timing swings and trend changes. Heikin-Ashi candlesticks are a variation on traditional Japanese candlestick charting. Instead of using the open, close, high, and low prices to draw the bar, the Heikin-Ashi candlesticks are drawn using the following formula: Open = [Open (previous bar) + Close (previous bar)]/2 Close = (Open+High+Low+Close)/4 […]
Richard Donchian was a futures trader, that’s credited with creating the popular Donchian Channel Indicator. Richard Donchian is recognized as the father of trend following. The Donchian Channel is formed by taking the highest high of x length of time, and the lowest low of the same x number of days, then marking the region […]
The petrodollar system explained in simple terms. Learn what the petrodollar system is and how the future of the U.S. economy depends on it. Discover why the Federal Reserve can keep increasing the money supply and yet inflation is never a problem. Find out why countries keep buying U.S. debt. Learn the frightening truth about […]