October 12, 2022

Stocks ended the day slightly lower as both range and volume contracted, indicating indecision ahead of the Thursday release of the consumer price inflation report.

Within the market, some of the oil & gas explorers represent the most attractive pattern setups for our purposes. Several offer three-bar pullback entries which could be used as early entries for a breakout play.

Devon Energy (DVN)

Marathon Petroleum (MPC)

Matador Resources (MTDR)

Because we are one day from a new low in the averages, the above names are for more-aggressive operators only. Most subscribers should maintain a hands-off posture related to fresh-money buys. Nothing is on the Focus List.

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)
The Income Model