Bob Byrne is a full-time private day trader with 15 years' experience. His trading relies on traditional technical analysis and volume profile. His primary focus is on stock-index futures and index exchange-traded funds. In addition to private coaching and mentoring, Bob is also the co-host of a daily trading chat room on RetroWallStreet.com. His contributions to this or any other site are not to be construed as recommendations to buy or sell stock.Expand

Bob holds a business degree from St. Edward's University in Austin, Texas. He lives in Park City, Utah, with his wife, son and daughter.Collapse

It's not a simple concept to put into practice, but it's logical and something I believe we can all wrap our brains around.
If you want to buy a dip, follow this advice.
North Korea's latest provocation will likely set a negative tone for the start of trade Tuesday.
The bulls seem unable to recapture the short and intermediate timeframe moving averages.
Amazon trimming prices on non-necessities at Whole Foods.
There's a very small silver lining after Wednesday's disappointment.
My inclination is to remain defensive.
Keep an eye on Yelp and Paycom.
Look for a near-term test of 2400 for the S&P 500.
Overall, Thursday was rough on stocks.

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