Some notes on the market and what to expect as the summer trade comes into effect.
As school wraps up for the summer more and more traders will be focused on vacations and family obligations this will be seen in the markets by lighter volume and in some ways a lack of enthusiasm. This does not prevent us from profiting in the market.
One of my favorite analogies is comparing trading to baseball and when you think of the characteristics that make up a great baseball player (we are talking hitting) It comes down to not swinging at bad pitches and putting yourself in the best position to make contact and get the ball in play. Wait for your Trade!!
This next one is a great quality company that has the recognizable channel and multiple time frames lining. You can see the results from this
This Next setup is another falling wedge pattern similar to the current CBOE look for the same type of performance
We continue to jump on any Lane Divergences that cross my path this past week has been great for these. If there is one great technique that does not have you chasing a stock it the "Lane Divergence"
Another Lane Divergence
$CVS chart: Great rising Wedge CVS SHORT.
$SAM hitting it's profit zone.
$MDRX hitting it's target price
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