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.




Hopefully everyday you can pick up another insight here and there.
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About the Author Dave Gagne

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

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