Accendo Traders

Once you have developed a trading plan that you are comfortable with, you will need to move onto developing your trading routines. This is done in segments, first beginning with how you’ll start your day (pre-market) and how you’ll end your day (after-market). Both routines will help you gain an edge in your investment and trading goals, and developing these routines early on will allow you to be constantly in control of your portfolio.

Your routine should help you accomplish the following tasks:

• Getting yourself up to date on the market;
• Assessing your portfolio;
• Getting ideas as to what stocks might be ‘hot’ that day;
• Knowing if your positions have any new news that could cause volatility;
• Being ready to trade when the market opens at 9:30 AM EST

Click the video to learn how to develop your trading routines

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Tags: day trading, trade plans // 4 Comments »

Effective Video Technical Analysis Trade Plans Delivered Daily from AccendoTraders.com. Here is our Stock Market Wrap Up for Tuesday, November 18th.

The stock market ended today up 1%, but that clearly does not tell the story of today’s trading session.  The futures started today down big until the release of Hewlitt Packard’s earnings report which raised guidance for the 4th quarter and the 2009 fiscal year.  We also heard good news from Home Depot.  Yet around noon today, the market sold off tremendously.  However, for a change, the market rallied into the close.  So once again, the buyers have held on to the support we discussed last night.

So which way will the market go?  Watch the video for more:

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Tags: stock market commentary // Add Comment »

Effective Video Technical Analysis Trade Plans Delivered Daily from AccendoTraders.com. Here is our Stock Market Wrap Up for Monday, November 17th.

The market continued is wide market swings intraday; however, it also continued it usual end of the day sell off into the close.  Citigroup started the day off by announcing the job cuts of 50,000 workers.  We also had concerns over the consumer raised by Lowes and Target.  Finally, Japan has officially entered a recession status today.

So which way will the market go?  Watch the video for more:

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Tags: Uncategorized, stock market commentary, trade plans // 5 Comments »

Effective Video Technical Analysis Trade Plans Delivered Daily from AccendoTraders.com. Here is our Technical Analysis Weekend Wrap Up Trade Plan for Sunday, November 16th.

Last week, our technical analysis study of the market brought us to the candlestick chart pattern descending triangle/wedge.  This is a bearish pattern.  Although the volatility brought great intraday swings, this pattern still hold true today.  The DOW JONES is sitting somewhat it the middle of the wedge, while the NASDAQ and the S&P 500 are closer to the support of this chart patterns.

We also saw on a intraday basis the October lows broken to the downside on Wednesday; however, this was immediately followed by a strong short-covering rally.  The strong momentum did not carry over into Friday’s session which had huge swings.  Yet, due to an almost 5% drop in the last hour, All Major indexes ended down for the week.

So which way will the market go?  Watch the video for more:

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Tags: candlestick chart patterns, day trading, stock market commentary, stock picks // 6 Comments »

Today’s video is about how we use market internals as a part of our trading system.  One of the best ways to determine market sentiment is to use Market Internal Indicators. Market internals are often used to analyze the market ’s mood and development on an intra-day basis.   Learning to read market internals will greatly help your confidence of your intra-day charts.  In our video, we show how to setup your charts and read these internal indicators for confirmation of buy and sell signals.

Market Internals is the  scope of change in stock prices as measured by analyzing the number of stocks that advanced or declined during the period or by the number of stocks hitting new highs or new lows. Internal indicators can be used to measure the force of the bulls and bears as they exert themselves. We will focus on three types of indicators for Market Internals:  Volume, Advance/Decline, and New Highs/New Lows.  Volume indicates traders’ level of participation - are they buying stocks that are going up, or selling shares of the losers? Stocks making new highs or lows for the year reveal traders’ level of enthusiasm for the direction of market prices. The number of stocks ticking up or down speaks of the breadth of a rally or a retreat, that is, the number of stocks included in the move - something an index or simple price chart cannot do.

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Tags: day trading, technical analysis // 6 Comments »