Recent Posts by Tom Aspray

Charts for the Week Ahead

The strong stock market gains a week ago set the stage for the market’s resilient performance last week. After the long weekend, stocks opened under pressure on Tuesday, which I had predicted based on the previous week’s excess bullishness. The S&P 500 was down almost 2% on Tuesday, but closed well above the lows. It continued to…
Read more

The Week Ahead: Should Traders Ignore The Wall Of Worry?

The stock market shrugged off both political and economic concerns last week to close with solid gains for the fourth week in a row. The beaten-down financial sector led the market higher providing clear evidence that my earnings concerns over the sector last week were clearly misplaced. The bank earnings were mixed, but even those…
Read more

Can You Bank On A Stock Market Bottom?

December 30, 2018: Prior to last week’s action many of the technical and sentiment measures that I follow had reached extreme levels not seen in the past ten years. One such measure uses the NYSE Advance-Decline data. The chart from last week (Will There Be A Not Going Out Of Business Rally) showed that the…
Read more

Strategies of Wealthy Traders (Videos, PDFs and more)

In the course of interviewing (and examining the trading records of) hundreds of wealthy traders over the past year, I discovered the best ones do similar things to find, enter, manage and exit trades for profit - things average or losing traders simply don't do. Here are other useful PDFs: - The Most Profitable Candlestick…
Read more

How To Stop Taking “Boredom Trades”

by Gary Dayton Traders sit in front of the screen all day watching the markets, and if they don’t see a trade, they may force one just out of boredom. Traders sometimes feel they must be in the market, and it can force them to take trades they shouldn’t be taking. These are boredom trades…
Read more

Recent Comments by Tom Aspray

No comments by Tom Aspray yet.