by adammesh | Jun 27, 2023 | News
Stocks constantly establish support and resistance levels that can give traders a false impression of where price will have the biggest reaction. Our job as options traders is to find the most meaningful levels, or the levels we have the highest probability of getting...
by adammesh | Jun 26, 2023 | News
In a market that is showing a fair amount of weakness over the past week, we found a stock that also looks week. If you look at the Goldman Sachs (GS) chart, there’s nothing really exciting us about a move to the downside as the stock didn’t even take part in the...
by adammesh | Jun 22, 2023 | News
That old trading saying of “the trend is your friend” holds a lot of the secrets to successful trading, if not all of them. Our job as traders is to find the trend and trade alongside it, not to step in front of the train and try to go against the grain. For our stock...
by adammesh | Jun 21, 2023 | News
Workforce management company, Workday (WDAY), has made quite the recovery from lows of just a few months ago and is now looking to hold above a major resistance level. This level of near 220 acted as firm support with price bouncing off it many times before breaking...
by adammesh | Jun 20, 2023 | News
The banking sector has been making headlines this year, good and bad, but investors are still keeping their eyes on a few banking stocks as the playing field shifts among the companies in the sector a bit. One of the biggest banks in the country got a little bit...
by adammesh | Jun 16, 2023 | News
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...
