KEY TOPICS

The market exhibited strong momentum with five consecutive gaps last week following a historic day in the United States. This unusual pattern of multiple gaps for ETFs indicated significant underlying pressure during the pullback, though the speaker noted surprise that the subsequent move wasn’t more dramatic given the…

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Key Topics

The market overview highlighted strong performance across multiple sectors, with industrials and healthcare leading while energy took a pause. The analysis revealed encouraging market breadth, with over 50% of S&P 500 stocks trading above their 50-day moving average. Technical indicators showed bullish signals, including…

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Trading Bar-by-Bar Review: Structured analysis sessions where traders examine specific trades in detail, breaking down entry points, exit strategies, and decision-making processes. These reviews focus on learning from both successful and unsuccessful trades to improve future trading performance.

Mechanical Trading Strategy: A… Read more

KEY TOPICS

Pete’s mechanical trading strategy discussion centered on using the 20-period moving average as a key technical indicator for both entries and exits. The approach specifically targets stocks that have shown strong upward trends before pulling back, emphasizing the importance of identifying stocks that remain in clear long-term…

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The announcement of the three-day weekend due to Martin Luther King Jr. Day serves as an important scheduling reminder for traders, with additional context provided about the upcoming US inauguration. This information helps traders plan their positions and strategies around the extended market closure.

The mechanical trade strategy…

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Key Topics

Coaching Session Changes The Thursday coaching sessions are being restructured to focus on trade reviews, where participants will examine actual trades in detail. Members are encouraged to document their trades between sessions for bar-by-bar analysis.

Tesla Updates Tesla triggered a mechanical trading signal by crossing above…

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KEY TOPICS

• CPI data release showing positive market implications, combined with bullish PPI from the previous day, contributing to market optimism
• Strong bank earnings reports from major institutions including JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup, with most beating profit estimates and some announcing stock buybacks
• Renewed interest…

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Key Topics

• Economic data and market reactions to PPI numbers are causing significant price movements, with implications for interest rate decisions and market direction
• Deep dive on the “mechanical strategy” trading approach, which focuses on pullbacks in trends above/below the 50-period moving average, with emphasis on using trend qualifiers…

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• Market Context & Important Week Ahead
  The speaker emphasizes that this week is particularly significant for market direction, with crucial inflation data and bank earnings reports coming on Wednesday. The market is currently at technical levels that could prompt a bounce, as indicated by average true move measurements. While there’s some…

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KEY TOPICS

Market Activity and Conditions

The trading session demonstrated significant market uncertainty, characterized by five distinct reversals between positive and negative territory. This choppy trading pattern was largely driven by algorithmic activity, reflecting broader market indecision. The current market assessment garnered a “CC…

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