We hope that our stock market tips and our technical analysis of the SP-500 have alerted you to some of the fantastic possible trading opportunities in the market. In the last few weeks we have identified tops and potential bottoms in the market all in real time.
We are not sharing these stock market tips to brag, however, in the same breath, these analytical technical observations are what makes us, here at Stock Market Strategy profitable! Furthermore our stock market tips have also caught and confirmed the second trading channel which is in an inner trading channel of the longer term trend. This was pointed out as a potential channel 4 or 5 days ago.
Stock Market Tips Video
In today's video Philip runs though his thought process behind his gold trade yesterday and why he was cautious due to it being a FOMC day which he refers to as Fed day. Fed days can be one of the more volatile days as the price action can have longer range bars and bars that usually overlap. This gives a lower time frame trader the feeling of being thrown around from one side of the market to the other never really knowing what the right side is to be on. This is why yesterday Philip tweeted that it was a Fed day and to be cautious when trading using smaller position sizes than normal.
Yesterdays video Philip also identified the stock ticker RKT (Rock-Tenn Co) as very clean price action that is trending and to keep an eye on it. Watching today's video you will see this was a great stock market tip!
Market Round Up
RKT - Rock-Tenn Co
Gold - Walk though of Philips trade
SP-500 Analysis and market thoughts
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.