Range bound or trending market

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http://www.marketgeeks.com One of the biggest challenges traders face is knowing if the market is trending or range bound. These tips will help you determine what stage or cycle the market is currently in. Watch this video to learn more about short term trading.

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Range bound or trending market

  1. 1. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  2. 2. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Nikkei Overnight Trading Was Up
  3. 3. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Overnight Trading U.S.Stock market was mixed overnightMixed most of trading sessionLast weeks strong momentum took a lot out of themarketStocks looking for direction right now!
  4. 4. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.The FundamentalsNo major economic news till later in the weekMarkets will be range bound and choppy during thisperiodLook for mostly technical buying and selling for nexttwo trading sessions
  5. 5. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Stock Market Intraday ViewSupport Area Is Slightly Below 1600
  6. 6. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Stock Market Daily View
  7. 7. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Critical Support Level On Bond Futures
  8. 8. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Current Positions – MGAMaintain stop loss level slightly below $63.00 stock rallied to newhigh today – exit target $70.00
  9. 9. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Current Position PFEBe patient and maintain short position till $27.00
  10. 10. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.New 4X4 Set UpLong entry $25.20 on buy stop. If filled placeprotective stop loss at $24.50
  11. 11. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Semiconductor Sector AnalysisReason for consideringLong Trade INTC Right NowSemiconductor sector is top 25% right nowSemiconductor Sector Stronger Than Stock MarketTraders looking at long side of market have to look forshort term opportunities only in range bound marketconditions
  12. 12. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.New Inside Day Set UpPlace sell stop at $69.70 and if filled place protectivebuy stop at $71.65
  13. 13. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Things To Keep In MindMarkets have been very difficult during last few weeksMany traders got whipsawed last few weeksWe stayed out of troubleBelieve market will be range boundWill have better idea as reports are released
  14. 14. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.

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