May 3rd, 2024

Apple Bottoms. Nothing brings the bulls back to the table like a rally in Apple. The market loves leadership by Apple, and when it’s up, the indexes are hard to fade. NFP numbers added fuel to the rally this morning as the US economy added 175,000 jobs in April, BELOW expectations of 238,000. The unemployment […]

May 2nd, 2024

Embrace the two-way tape. Neither the bears nor the bulls hold the upper hand in the short to medium-term timeframe. The market continues to prove to me that the clear direction is a two-way tape. You can either fight it and pretend that you have an edge of direction or you can embrace the fact […]

The Best Way to Trade FOMC Days

Have you ever noticed the uncanny resemblance between FOMC and FOMO? The extreme volatility makes it an enticing day to trade, because you know if you could just flip a coin and manage to play the right side there’s potential for large gains. But the reality is: Fed Day is notoriously difficult to trade, and […]

Mastering the Megaphone Pattern

Let’s strip away all of the technical indicators for a moment and just focus on one pattern: the broadening formation, AKA, the Megaphone pattern. It’s a pattern that used to show up on my worst trading days before I learned to recognize it. I’m going to share why this pattern gets most traders (and my […]