Frank Ochoa, AKA PivotBoss, is an 18-year trading veteran and author of the book Secrets of a PivotBoss. Frank actively trades via Ochoa Capital Management, LLC and has spent 15 years developing and deploying automated trading systems for private and institutional clients, while establishing an impressive reputation as a reliable market forecaster and as an elite educator.
The Volatility Index ($VIX) fired off the first step of a key reversal signal after yesterday’s close – one that could spark the next buying opportunity in the broader market. Let’s take a look!
Yesterday I wrote that we could see a major breakout opportunity in the Dow Jones Industrial Average today – and we were rewarded with a beautiful 268 point move! Since I gave you my analysis for forecasting today’s breakout, I wanted to follow that up with how I traded the setup, essentially giving you the anatomy of today’s winning trade.
After last week’s price action, the Dow Jones Industrial Average has strung together two sessions of yawn-inducing trading activity. However, the Dow could be on the verge of a major breakout opportunity. I’ve got three reasons why.
Last week I gave you 3 Reasons to Sell $CME – a stock that I believed was poised to head lower. Gladly, I took my own advice and netted nearly 10 points in $CME while I was on vacation!
I’m back from South Padre Island! It was a well-deserved vacation filled with sun, fun, and food. The good news? I brought back a few things: a sunburn as a souvenir and two reasons to buy Netflix, Inc. ($NFLX).