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SprinkleBit
81 followers -
Let's Invest Together!
Let's Invest Together!

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Gaps are a regular occurrence in all financial markets. However, they are rarely seen in the forex market since it is highly liquid and trades 24 hours a day. The open on the first day of the week is where gaps are most likely to occur in the forex market.

Gaps most commonly occur at the open of major exchanges. Opening gaps are a manifestation of an imbalance in supply and demand at the market opening in a particular security created during the overnight as a result of a newsworthy event that has an effect on a securities price.

Savvy day traders exploit these gaps in an attempt to capture quick profits from the price corrections that take place as sellers and buyers struggle to find a new equilibrium price. Gaps that form in the intraday market are usually a result of an important economic announcement.

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$TGT is down over 11% after missing on both EPS and revenue, as well as providing weak guidance for the quarter.

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A. ETFs hold a basket of stocks

B. ETFs can be traded during the day 

D. ETFs can be sold short

C. ETFs are not actively managed

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Unfortunately a miss on both the top and bottom line for $HTZ.
Shares holding up well AH.

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As lots of people are talking about gold reversing, it is interesting to see two gold miners taking the top 2 spots with very high VPI's.

http://ow.ly/FZW7309py9H

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Take it from the legend himself...

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Congratulations Stefano Scotto, your $AAPL trade won this week's Trade of The Week!!

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Earnings Calendar for the coming week is up on the blog!

$AMBA $TGT $ROST $DPZ $ETSY $CRM $ODP $SHAK $DLTR $BOX

http://ow.ly/UGBq309kNRs

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$JWN delivered a solid beat on earnings but not enough to beat analyst expectations for revenue.

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A bullish harami is a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. The bullish harami is a downtrend or bearish candlestick (red) engulfing a small bullish candlestick (green), giving a sign of a reversal of the downward trend. Since the bullish harami indicates the bearish trend may be reversing, it may be a good time to enter into a long position.

Technical analysis is a type of investment analysis that focuses solely on price. Technical analysts believe that patterns can be found in the movement of price over time and that these patterns are fairly predictable. Pattern recognition and identification is at the heart of technical analysis, and one of the most common bullish candlestick chart patterns is the bullish harami. If an outline is drawn around the pattern, it resembles a pregnant woman, which is why the pattern is named after the word "harami," an old Japanese word meaning "pregnant." Traders using the bullish harami are looking for a confirmation of a reversal.

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