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Opinion: You’re Not Going To Die!

Posted by John Doherty on January 24, 2020

I should say, you’re probably not going to die today...

Every few years or so, the CDC comes out and absolutely terrifies the American public with a new killer disease warning. Right now it’s a particular strain of Coronavirus coming out of China. Symptoms of Coronavirus are very similar to those of the common cold; runny nose, fever, cough, sore throat, often leading to pneumonia, and it’s spread through direct contact with an infected person.

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Topics: Market Updates, Trading Plan, Stocks, video, Market Forecast, Coronavirus

Trump Impeachment Takes Center Stage - Quick Reference Trial Calendar

Posted by John Doherty on January 20, 2020

Kicking off the week with the Martin Luther King Jr. Holiday may leave some trader’s feeling a bit lethargic. There’s been a lot of time off so far this year. Three weeks into 2020 and there have only been 12 full trading days. I will even go so far as to say a good amount of traders haven’t even started back at it yet.

It’s possible that this trend may continue through the week, but we still want to keep you as informed as possible of upcoming market events.

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Topics: Market Updates, President Donald Trump, video, Market Forecast, Impeachment Trial

Bittersweet New Highs

Posted by John Doherty on January 16, 2020

The Failed Top Trade

Earlier this week I posted a blog article laying out guidelines and best practices for picking tops. As it turns out, this has been a textbook week to put them into practice…

Failed top trades have been a great scalp the last few days. The failed top trade consists of putting an offer in 2 ticks above the high with a 6 tick stop and a 12 tick profit target (for the e-mini S&P 500 futures).

This is the type of trade that should never be turned into a loser once it turns into a small winner. If it goes your way even a little, you should be prepared to scratch before it goes against you.

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Topics: Market Updates, Trader Behavior, Trading Lessons, Trading Psychology, Futures, Equities, E-Mini S&P, Trading Education, Market Forecast

Are You Trying To Pick Tops?

Posted by John Doherty on January 13, 2020

I went out on a limb during Monday morning’s Market Forecast video by saying that the January Break started with the poor jobs report Friday. It was my first contribution to the daily video, and since it wasn’t a very good call, hopefully it won’t be my last. In hindsight, coming out swinging on my first day telling people to short the S&P probably wasn’t the best way to kick things off.

On a quiet news day, a thin-to-win type of trading environment took over, and before the noon hour struck (Central Time) my early call for a pullback was turned to dust. Even though the S&P 500 futures didn't print a new high until near the close, I don’t feel vindicated in the least bit. I know I’m toast on this one. The old adage that says you should “never short a quiet market” rings as true today as the first day it was written.

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Topics: Market Updates, Trader Behavior, Trading Lessons, Trading Psychology, Futures, Equities, E-Mini S&P, Trading Education, Stocks, video, Market Forecast

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