Overbought…Oversold…OVEREMPHASIZED

Stop me if you’ve heard this one before: “It’s overbought! The RSI is too high!”
Guess that means it’s time to sell, huh? One problem — a position can stay “overbought” or “oversold” and leave you in the dust..

Trade IDea: This ran over 200% in 2 days.

I’ve got to admit, it was strange how dead the volume was at the beginning of the week; that is, until Big Tech started reporting earnings…
And the Street apparently liked what’s been hitting the tape.

Quick trade idea for “gamblers”.

You might already know that Chris Hood and I do quite a bit of live trading together throughout the week…
And yesterday, it dawned on us that a lot of folks still use stop losses for every trade they put on — despite our continuous admonishments.
Frankly, it’s like showing your hand at the poker table…

Look at these buy signals.

As I write this, the most bullish sectors are XLE (energy), XLP (consumer staples) and XLV (healthcare).
I should qualify this a bit…

Will Ferrell shops here, but does he own stock?

Today’s stock hit my scan twice in the last week…
I don’t know that it’s a good investment, but the infamous r/WallStreetBets subreddit made it run not too long ago.
I can only think that it was partially chosen because of this:

Long term idea: The Heavy Stuff

Looking to play defense?
Choosing the right stocks and ETFs for your portfolio is tough at the moment considering the somewhat randomized market-wide selloffs.
Of course, one area that tends to play well in down markets is metal..

This one needs to marinate.

Momentum stocks are wonderful when they have… momentum.
But if you miss out on the initial run, you can use specific strategies and setups to avoid the FOMO.
Personally, I like the mathematical approach of Fibonacci…

How to trade this popular oncology stock.

I’ve said it before. I rarely invest in biotech stocks…

…I love to trade them.

Investing in them is typically a losing strategy unless it’s your area of expertise, and if it is, I say have at it.

Will traders “meme” this stock again?

With Elon Musk and Twitter (TWTR) at each other’s throats, more speculative platforms are getting some attention…

The big question is this: Who’s going to be the champion of “free speech”?