Following are three charts based on @mwebster1971‘s stock market update The Raging Bull At New Highs. Hopefully these provide some additional context to the week’s technical action.
MonthJune 2020
Weekend at Webby’s @MarketSmith Screen.
On weekends cast a wider net…it will help give you a feel for the market & where the money is flowing. @IBDinvestors
As growth investors/traders, more often than not we buy stocks as they break through a pivot, move through resistance or are otherwise increasing in price. Put another way, we buy on the way up.
To be notified when a target price is reached, you can set an alert with your broker or in your preferred trading platform. Once the price is met, if you’re online or have access to your broker via your mobile device, you’re good to go. If that’s not the case, a buy stop order may be a good option.
The primary reason for this post is clear up any confusion, and here’s why, with my broker, there isn’t option to place a buy stop per se. Rather, when I buy a stock, I have the option to choose one of the following order types: market order, limit order, stop loss or stop limit.
This post covers the two latter options and how they differ.
Continue readingDon’t get stranded in the crossfire! Webby’s Crossfire @MarketSmith screen.
@SRVOfficial @IBDinvestors #StayAwayFromSteviesStatue
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