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TRADE LESSON: KNOWING THE TRADING ENVIRONMENT TO PROFIT INTRA-DAY

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November 4, 2009 by inthemoneystocks   comments (0)

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It is very important to understand the current trading environment. If you were a construction worker or a landscaper it is safe to say that you may check the weather outside before going to work. Therefore, as a trader it is important to know what t ... Read more

THE EASY WAY TO FIND A RUNNER

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November 3, 2009 by inthemoneystocks   comments (0)

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This morning there was news out in the premarket that Warren Buffet's firm Birkshire Hathaway was going to buy Burlington Northern(BNI) for a $25 dollar premium above the previous day's closing share price.  BNI is a leading stock in the railroa ... Read more

Weekend Addition: Morgan Stanley (MS) Gives One Signal But With Earnings Looming, Risk Is High

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July 11, 2009 by inthemoneystocks   comments (0)

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Morgan Stanley has a possible Head and Shoulders pattern break down occuring.  This pattern is a bearish pattern and usually results in a big drop.  Learn pattern, price and time values. While this pattern could show a fall all the way down ... Read more

Technical Trading 101: The Gap Fill

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June 16, 2009 by inthemoneystocks   comments (0)

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When a stock gaps higher by a solid amount, gap fill can be a great buying opportunity.  Note the chart on Exxon Mobile below.  See how when XOM gapped higher then sold off into the even price where it closed yesterday, that was a perfect b ... Read more

Goldman Sachs Keeping Market From Dropping Further As It Holds Onto Minor Gains...

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May 5, 2009 by inthemoneystocks   comments (0)

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Goldman Sachs continues to hold the market up here as it trades higher by $.95.  Goldman resistance is at $135.50.  Watch to see if that holds. If it breaks out, market may get a continued bounce higher here.  Market is weak on the day ... Read more

Major Channel On The Markets In Play. Upper Channel Getting Hit As Major Resistance.

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May 4, 2009 by inthemoneystocks   comments (0)

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Note the chart below showing the channel in blue.  See how each time it hits it we fall back while each time the lower channel gets hit we bounce up.

Source: InTheMoneyStocks Rant and Rave Blog

Reminiscences Of A Wall Street Market Maker: Short It To Oblivion

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April 29, 2009 by inthemoneystocks   comments (0)

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The firm I worked at was predominately short sellers. Short sellers are often times viewed as the villains and bullies of the market. Selling a stock short means you sell it first, hoping it goes down, then buy it back at a lower price. Shorting a st ... Read more

Market Push Looks Like Yesterday. What Does It Mean?

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April 28, 2009 by inthemoneystocks   comments (0)

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The chart below of the SPY looks very similar to Mondays chart.  We gapped lower, then rallied with only one red (down) candle until 11am. We then pulled back, retested (double top) the highs and then collapsed down to the lows of the ... Read more

The Blindfold Will Only Stay On So Long

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April 20, 2009 by inthemoneystocks   comments (0)

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Trillions of taxpayer dollars spent and in return promises, hopes and more have filled the airwaves from presidential speeches, preliminary questionable economic data and a media that has called the official bottom to the stock market. The markets no ... Read more

Key Levels On The Market Working Beautifully Today. Note Chart Below.

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April 17, 2009 by inthemoneystocks   comments (0)

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The yellow trend line was the previous high prior to yesterdays break above it in the 3pm ET time frame. Note how the market gapped was above it on the open and then hit it many times prior to a break.  Note the next level it went to was the pin ... Read more