Pullback
Summertime is here, and, as far as markets are concerned, it's been here a while. One of the characteristics of summertime trading is generally lower volatility and poorer followthrough. Summer markets are not untradable, but they do require utmost discipline--any mistake will likely be severely punished. In some
Chart of the Day
One of the nice things about swing trading is you can have resting orders, so your alert that a pattern has triggered is an order being filled. Here's a nice pattern to put in your trade plan: the nested flag. (I came up with that name years ago,
Chart of the Day
Pullback
Markets move in alternating waves of with-trend strength (or weakness) interspersed with moves against the trend. We call these moves pullbacks or consolidations, and they create some of the most powerful and most useful trading patterns we have. (I've written about them here and here.) Many of the