Daily Profit Compass November 14

Trade empowered and prepared using the Daily Profit Compass  market outlook as your guide. Detailed trading plans, key levels  and timely commentary on the indexes will keep you on the right side of the trade.

Yesterday turned out to be a consolidation day after Monday’s move with no new technical developments. What really stood out though was the mid -morning bull run across the indexes that saw price rally into recent broken support ( now resistance ) and being rejected.  But just as important, price didn’t hover just below resistance but was slammed down to the bottom of the daily range.  This could simply be a product of increased volatility but I think the institutions are using the rips to continue to unwind long positions.
Watch airlines.   Do they continue rally w/ plummeting oil prices or  do they roll over w/ growth fears? Might be an interesting tell.

Because of the number of charts and for your own convenience, a copy of the Daily Profit Compass can be downloaded from DropBox with this link.

Download the the Daily Profit Compass HERE

Subscribe to our YouTube Channel for more compelling and actionable content!!

While you’re here, why not join our Trading Tribe!   You’ll get a copy of my Daily Profit Compass, Weekend Profit Navigator, and other actionable content delivered directly to your mailbox each morning.

Registration is simple and FREE   Visit our homepage  HERE

Hope to see you soon!

Happy Hunting and Good Trading

Spread the word?

Facebook
Twitter
LinkedIn
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

Let's do this.

Subscribe to the Daily Profit Compass now. It’s 100% FREE.

Website powered by RapidWebLaunch