By

Christian Tharp, CMT
There’s a famous phrase among the trading community. “The trend is your friend.” Meaning, when there is a clear trend, it’s best not to fight it. Many a fortune has been lost trying to bet against stocks or markets that are trending in one direction or another, just ask those big institutions who have been...
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Ford Motor Company (F) has sprung to life after a bounce right off a major support level of around 11. Now the auto giant looks to make higher prices if only the stock can over take a large resistance level at 14.50. This setup is largely dependent on what the rest of the market does,...
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We say it over and over again, our entire strategy hinges on being as simple as possible. Trading is hard enough, no need to over complicate things. Our trade idea for the day lives up to our simplicity strategy once again. The ticker we have on watch to day belongs to Schwab (SCHW) and the...
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We often like to revisit some of our trade ideas in order to see how they have played out or determine where another opportunity might be. Today, we are going to revisit our Boeing (BA) trade idea from last week to do both. Not only is the price moving in direction of our hypothetical trade,...
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Another simple trade set up for everyone again on this Monday morning, coming from Amazon (AMZN). Our trade today comes with the added benefit of having an extra confirmation built into the set up at hand. What do we mean by this? Well, if you watch the video breakdown below, not only will you see...
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Trading is hard enough. We don’t need to make it any harder on ourselves with our method of trading, which is exactly why we keep our strategy so simple. No need to overcomplicate things with anything besides looking for levels ad zones the stock’s price reacts to. As I always say, price is the ultimate...
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After yesterday, the market isn’t looking all that strong. The pull back we have warned about finally took place and there’s no real telling if the selling is through. With that selling, there are a lot of bearish trades that are forming in the wake of the market tumble. One of the best set ups...
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We are revisiting an old favorite today for our trade break down and we are looking at the same set up, only this time, it is a bit further along in its formations. If you recall from our last look at Alibaba (BABA), we were in the midst of a move upward within the larger...
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We are back to check out Spotify (SPOT) as that 160 mark is coming back into play as we talked about here. We initially pointed to the 160 mark as a price target for anyone playing the upside on the stock, well, now that price has been reached and if history tells us anything, it’s that...
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Our strategy is really a very simple one, it all comes down to price. Not much in the way of fancy indicators or oscillators, not even too much to do with volume either. It all comes down to price. As you can see in today’s example with Acadia Healthcare (ACHC), price is really all we...
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