The dip today in the market is to be expected after the giant gains on Friday. That gain helped the SPX recover two support levels. While overall the move higher remains suspect, the actual outcome of the rally on Friday and then Monday’s sideways action is confirming that stocks are still stuck in a tight trading range.
Heatmap’s Role In Identifying Possible Trades
Tight trading ranges such as has developed since December, can create exceptional profits and one of the best ways to quickly identify possible trades is to use the heatmap.
In sideways markets most stocks tend to trade within ranges along with the overall market direction. That means a stock during the day can move hardly at all, or quite a lot. Traders also tend to move from stock to stock and sector to sector in sideways markets. The heatmap is exceptional at ……… the rest of this article is for FullyInformed USA Members.
Profiting From The Heatmap
This article from the category Become A Better Investor, is 2200 words in length and will require 7 pages if printed.
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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