Monday, May 11, 2015

Reading momentum.

Reading the momentum is key to trading success. Notice in the following sequence how the  QQQ gives confirmation to the trade. Both TNA and QQQ are moving in sync. Short and long the signals are the same, increasing and decreasing volume pulls and pushes the stock lower and higher. Buyers and sellers alternate the control. Bounces and pops happen. Take advantage of the nice trading range of TNA.

1 comment:

Market Monkey said...

Scott, can I contact you via E-mail? It's regarding the possibility of mentorship/coaching.

Hope to hear from you soon.