November 9, 2022

A market disappointed by the tepid performance of the GOP in the mid-term elections sold down sharply today. Also at work was caution ahead of Thursday's release of the consumer inflation report.

The broader market lagged the performance of their larger-cap brethren, as the S&P shed a full 2.0%.

Energy was the chief laggard among broad sectors, with the XLE off 5.0%.

Recent triggered trades have had a tough time following through on initial trivial gains. A good example of this is Murphy USA (MUSA). 

In markets like this, feedback from the stocks themselves can be valuable as long as one is quick to recognize the telltale signs such as "No Trespassing."

There is nothing on the Focus List for Thursday.

Kevin Marder

Trading Lessons
Introduction to the service (38:00)
Money management and risk management (20:27)
Bread and butter pullback (11:10)
Bread and butter pullback: Pt II (15:09)
Bread and butter pullback: Pt III (31:48)
Bread and butter pullback: Pt IV (30:16)
Bread and butter pullback: Pt V (1:41)
System R
Short-selling (25:53)
Wyckoff spring reversal (2:30) 
5-minute breakup test (8:01)
Screens (21:03)