Intra-Day Action – 26 January 2016

Today was a great day for day trading. The trend quality was strong and lasted most of the day. There was good alignment with all the internals (and Risk ladder), Oil, $tyx (yields) and VIX. When you have all that in place trades work out much better and you see fewer failed patterns.

On a day like today the bias should be long while we are risk on and all internals are bullish. look for buy-able pullbacks and consolidations. Trying to fade the rally and go counter trend is a lower percentage play.

 

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Hopefully everyday you can pick up another insight here and there.
Leave a comment and let me know if it is helpful. If you think others would like to take a look please share it.

 

About the Author Dave Gagne

Founder of MarketInsidersClub.com. President and CEO Dynamic Wealth Financial Inc. Author of Trading Master Plan Subscribe to the MarketInsidersClub Youtube Page here

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