30May9:22 amEST
Avoiding Overload: What Happens in an Internet Minute in 2018
I saw the above infographic posted recently (created by @LoriLews and @OfficiallyChadd). It surely puts things into perspective in terms of just how easy it can be to suffer information overload in this day and age.
And when it comes to trading, it is even more important with respect to staying thorough in our preparation as traders without feeling overwhelmed. Indeed, that is exactly the type of atmosphere we aim for inside Market Chess Subscription Services: Thorough and sophisticated without the noise, braggadocio, and nonsense you see so often in trading rooms these days.
Speaking of being thorough, coal plays were sneaky strong yesterday, especially in light of the energy correction in progress. Suncoke is a name we have noted and traded previously. And gauging from the updated daily chart, below, it looks to be ripe for another look over $13.50.
Overall, the tape is set to bounce off CRM earnings and the market digesting Italy fears yesterday. We are still in a general range but have some notable pockets of strength to observe closely.
Reminder: Long-Term Overhead... How Badly Do You Want a Pot?