Running though the 60min chart of the SP-500, Philip continues to show that the channel he pointed out some time ago is holding up still. Even though the trading channel is identified and in our opinion been confirmed for some time, you still need to know when and when not to trade a channel.
Todays Market Update Video
There are ways to implement the Stock trading tips that we explain in our videos and we hope that you're picking up some great ways to use some of the strategies we use in our trading in your own methodologies.
Step by step Philip runs though a trade that he physically took yesterday and shows you the importance of time frame analysis when studying the charts. He looks for fully correlated trading signals to help him maximise the hit rate and capitalise on a good risk to reward money management strategy.
Money management is touched upon in this video and how the importance of position sizing depends on which phase the stock market is in.
Todays Stock Recap
Stock Ticker
REE - Rare Element Resources Ltd
NVLS - Novellus Systems Inc
AMAT - Applied Materials Inc
CREE - Cree Incorporated
If you have any questions relating to this Market Update or wish for us to talk about a trading subject that you're interested in, please don't hesitate to contact us.