I just essentially wrote an article answering a question. So I don’t think it’s full-blow cheating. My points were relevant.
A fairly new member of my trading room (shout-out ben), made this statement.
“This trade war is becoming more and more concerning.”
I couldn’t help but respond to it. Then when I got started, I just kept going. I’m going to just copy and paste it from the room to here so you guys can see that I get hyped about completing the alphabet as I was going. I am also doing it this
It is likely for us both that it’s easier to read it this way than for me to get wordy about it.
So here’s my thoughts on the Trade War and the Markets…A-Z. With sub-sections.
News broke yesterday that Taiwan Semiconductor ($TSM) had a slowdown in production due to a virus.
Analyzing Financial News – Quick Lesson
Bloomberg had a nice doom and gloom headlined article, entitled “Computer Virus Cripples iPhone Chipmaker TSMC Plants“.
However, if you read the article, the first subheader reads…
“Some factories back to normal, rest in another day, TSMC says.”
Those two statements sound pretty different. The next subheader says that $TSM says that the virus wasn’t caused by a hacker.
Neither statement might be true. But…
I linked to my brief first candle indicator stuff a few minutes ago in my room and on ST/TWTR.
It’s an intra-day trading term that I made up one day after eventually noticing a pattern.
The law is essentially this…typically the first and last candles of the day have the highest volume.
There are several reasons for that, but typically its the big retail brokerages filling their clients’ orders.
For our purposes today that doesn’t matter whatsoever. Today, I just wanted to share another real-time version of it.
I told you there was a podcast coming!
Well, this isn’t quite a podcast, to be honest. It was supposed to be a quick market recap. But then some of my listeners started asking some question.
So the general outline is…
- Market Recap
- Outlook for Tomorrow
- Why You Shouldn’t trade options alone…but if you want to the rules involved.
- Tips on trading this $FB tip
- Advice for beginning traders.
- Some other random stuff.
Link to the watchlist: http://tos.mx/rhnHuj
Happy trading folks. My trading room beta’s waitlist period is over….
Meaning you can hop in for free for now as I build it out! Come on and stop by if you get a chance.
As noted above, today in history..well I guess yesterday based on your timezone…June 14th, 1777, the Continental Congress adopted the Stars and Stripes.
This is based on price-action, news, and unusual options activity. No particular order…just names I think will move. The link below is for those of you with Ameritrade’s ThinkOrSwim…you can just click it and add it.