Feb 8, 2017

The Best of Finance Twitter (February 7th)

One day is a very long time on Twitter. Here are the highlights of what I enjoyed reading today:

"30+ years of investing. 1 million followers. It's still only the beginning." 
- Jim Cramer (@jimcramer)  

Jim Cramer tweeted today that he has passed the 1,000,000 followers mark. Quite impressive. Congratulations, Jim. 

"Crude completes 10-wk H&S top against backdrop of all-time record spec longs and commercial shorts." 
- Peter Brandt (@PeterLBrandt) 

 Peter Brandt shared a Crude Oil chart with a completion of a Head and Shoulders patterns and its bearish implications: 

"Make or break time for $CHK down near the 200d" 
- Larry Tentarelli (@LMT978) 

Larry tweeted about how Chesapeake Energy (CHK) is approaching its 200-day simple moving average. Will it hold? As Larry says, it’s make it or break it time for this stock. Larry shows a remarkable consistency in his approach and in the charts he shares on Twitter. 

"$XLY is down 8 days in a row. There is a bullish bias for tomorrow. Over the last 7 years when this happened it rallied on average +0.94%."
- Henrique M. Simões (@TraderHMS)

I highlighted the 8-day selling streak on Consumer Discretionary SPDR ETF (XLY). I have been sharing some of these setups on Twitter. This is the fourth setup I shared as I started with Marathon Petroleum (MPC) last week, then Petroleo Brasileiro (PBR), International Paper (IP) and now Consumer Discretionary SPDR (ETF)(NYSEARCA:XLY): 

"The S&P 500 hasn't made a 1% intraday move in 35 DAYS. That's a record." 
- StockTwits (@StockTwits) 

If you are a S&P Futures day trader you are probably missing a little of action. This is the dullest market ever. 

"You can’t make more time, but you can learn to use it better." 
- Tony Robbins (@TonyRobbins)

Traders need to find time to trade, time to research the markets and time to analyze their trading performance. Tony Robbins shared an infogram where one could read, "Did you know the average person spends approx. 1,011 hours per year watching television?"

"Talent is cheaper than table salt. What separates the talented individual from the successful one is a lot of hard work." 
- Stephen King 

This quote was tweeted by Jon Winokur (@AdviceToWriters). While it is obviously in the context of writing literature I find it to be true in trading as well.

PS: Trading Course is now available both in Paperback and Kindle eBook. Buy it now on Amazon!

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