Let me preface that headline, it is a little more that “I am…” than “Are you…”

Most of us have our scanners and the automation available to us is pretty powerful, but there is a tougher piece that has been elusive. Finding a solution that fits me. That search has led me to look at a pretty big number of tools.

If I look back at the last few good trades I have found and written about, there are some common threads. The broader SQQQ Calls that worked, the USO trades that kept paying out. And even the trades we are looking at now (FCX and XLF) that are still open a few tools and tactics bubble to the top.

Here are the top 4 that I have drilled down on and have worked.

  1. Forecast Toolbox: Keith Harwood’s online evaluation software that maps out the probability of a ticker’s next move has been huge. It is perfect for confirming a hunch, measuring momentum and taking guesswork out of finding trades. Very excited for Keith’s event coming up where he shows how he has been finding winners in this churn.
  2. MACD Crossovers: If you have been reading these articles it is no surprise this is one of my favorites. And they work. Bullish or Bearish, they are pretty reliable signals to trade off of.
  3. Zooming in on a move: There are a couple flavors of this. Looking at the longer term chart (weeklies) and then clicking down to a shorter term chart (dailies or hourlies) and really seeing a 3d view of the trend. It also applies to looking at an active sector and finding the breakouts and laggards in that group of tickers.
  4. Listening and reading: I know it is a bit corny but I end my articles with a reminder for a reason. Staying immersed in what is going on in the market is the key. Not just the stuff that agrees with your style but as much as you can. There is a reason that person took the time to write or create that info and the value is in the why. It is the best way to get out of a rut and find fresh ideas.

But even with those gotos on hand, the search continues for more. I will keep sharing what I find.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily