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 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

If you want to buy in on SNAP, here's one strategy.
Last year's darling but down this year, company reports strong earnings.
Lower prices are still attracting dip buyers.
We'll learn a lot in regards to the depth of demand in and around $45 as price consolidates and back-tests the mid-$40s .
And we still have the jobs report to finish the week.
Though the trading range can't get much narrower.
Nearly anything associated with oil and gas drilling gets crushed.
Lack of action doesn't mean traders aren't occupied.
If the uptrend line holds, perhaps shorter timeframe buyers have a shot at testing the mid-$50s.
Earnings may get more investors in the game.


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