TradeZero Blog
Narrow Leadership, Rising Uncertainty and a Ray of Hope
The Dow showed relative strength compared with the Nasdaq, but I would not interpret that as evidence that the broader market has regained its footing. The sharp reversal on Thursday reinforces my concern that investor conviction is weakening.
Standard Operating Procedures for Active Traders: Designing a Repeatable Process
Bob Iaccino shares his full day trading routine, hour by hour, and explains how to write a standard operating procedure you can grade yourself against daily.
The Trade Setup Evaluation Matrix: Scoring Trade Setups
A chart can look good and still be a trade you should pass on. When evaluating a setup, you need to know what triggers the entry and what invalidates the trade under your system.
November Begins: Cautious Optimism, but the Burden of Proof Is on the Bulls
The Dow finished the week lower, closing Friday at 51,770.31, down 444.85 points, or approximately 0.9%, for the week.
Five Scanner Mistakes That Can Quietly Cost Active Traders
Overfiltering, stale configurations, redundant timeframes: five common stock scanner mistakes — and how active traders can address each one.
Rotation, Resilience and the Risk of a Deeper Correction
My biggest concern is market breadth and the lack of broad-based participation. A healthy market needs more than a handful of large-cap stocks to carry the major indexes. When technology, semiconductors, and small caps begin to weaken simultaneously, it raises questions about the underlying strength of the rally.
How to Read a Level 2 Quote: Market Depth, Ax Identification, and Order Flow Signals
A Level 2 quote shows the order book: bid and ask depth, sizes, and participant IDs beyond the best price. How traders read depth, order flow, and the ax.
The Cautionary View
My biggest concern is market breadth and the lack of broad-based participation. A healthy market needs more than a handful of large-cap stocks to carry the major indexes. When technology, semiconductors, and small caps begin to weaken simultaneously, it raises questions about the underlying strength of the rally.
The 3X Profit Protection Rule
Bob Iaccino's 3X Profit Protection Rule: when realized profit hits three times your daily risk unit, stop trading or cut size, and keep the good days good.
Does this Rally have Underlying Support?
The U.S. stock market continues to rally, but Richard Naso questions whether the rally has enough underlying support to last. Major indexes are approaching record highs, while semiconductors, small-cap stocks, and high-yield bonds are showing weakness.