Category: Chart

  • DBA Analysis Revisited

    On February 26th, I noted my skepticism about the ag sector. At the time ag ETF DBA was trading at $43. As of this posting, it is at $39.50. I received many e-mails disagreeing with my analysis. This post is not to boast, but to point out how important it…

  • Today’s Trades: TWM, CREE, AKS and DECK

    I sold 400 shares of TWM at $83.64 (entry at $77.10) for a $2616 gain (+8.4%). I will likely enter again on a pullback or breakout of trading range. I was stopped out of CREE at $31.90 (entry at $33.53) for a $489 loss (-4.8%). I still like the chart…

  • Friday Watchlist

    Here are the stocks on my primary watchlist for Friday: Shorts: STX, RICK, LVS, ESRX, MBT, AXLN, PSYS, DECK, BLKB, INTU, SPY Longs: FLS, EOG, KWK, AXYS, CMED, XOP, PBR, XME, BRMN, APA, MEE

  • Agriculture: Now What?

    Well, it seems the whole world knows about the ag sector. For me, that means it’s time to get the *blank* out. If you take a look at the chart of DBA, an agriculture ETF, it is hitting a level where it typically pulls back from. While there are more…

  • More Bullish Setups

    Most of the bullish charts I have posted over the past week are doing quite well. Here are six more that provide interesting long setups: MEE, CNX, JOYG, JBHT, PRXL and CMED

  • 6 Bullish Metal and Mining Stocks

    Surveying the top sectors over the past week, I see a number of bullish charts in the metal and mining complex. The six charts that I will be watching next week are CLF, MTL, SID, ZEUS, CENX and JRCC.

  • 5 Bullish Chart Setups

    I rarely trade 100 percent long or short, even if trading within the confines of a wildly bullish or bearish market. While my market bias is bearish, there are still some bullish stocks to trade. Here are a few nice looking setups, though few are perfect. BMRNThe stock broke out…

  • Watch for My Next Video and a Coal Chart

    I plan to post a video either tonight or tomorrow morning. It’s been a while since my last video. Coal stocks are taking a hit on a strong day for the overall market, which is a bit of a surprise. Still, there are some nice looking setups out there. FCL’s…

  • MA’s Bullish Pullback

    Mastercard, MA, has pulled back to the breakout point and shows a solid accumulation pattern post breakout. It is a bit concerning that the stock pulled back so quickly, but it did come on lower volume and is holding support. Concerns aside, the stock does offer a well defined reward…

  • Quick Trade Entry Update: FSLR, MON, GS, DNR, PAAS, PRXL

    I am using the bounce over the past two days to start a few more pilot short positions. I went short FSLR ($187.33), MON (114.27, GS (202.55) and DNR (26.01). I am long PAAS (35.86) and PRXL (54.80).

  • Mastercard’s Bullish Reversal

    MA (Mastercard) has been on my bearish short watchlist every since it broke down below the 50 day moving average on heavy volume. However, the stock’s technical pattern made a 180 degree reversal in one day, with today’s 28 point gain that easily put it back over the moving average…

  • 5 Profitable Energy Charts

    Here are 5 interesting energy stocks. I’ve included longer term charts. Each has a slightly different pattern and can be played in multiple ways. RIG (Transocean, Inc.) is looking good right now. We’ve got a support converging at both the breakout point and the 50 day moving average. My only…

  • Quick Trade Update

    I took small long positions in CF (92.05), AAPL (179.80), FSLR ($235.25) and RIG (132). The first three were so oversold that I decided to buy after they started to bounce off their lows. If we get the holiday bounce everybody is waiting for, these stocks should do quite well.…

  • FSLR and PBR

    I can’t say I’m happy with the FSLR trade. On a day like today I would have expected the stock to rally. I thought about bailing today, but decided to honor my stop. Hopefully today’s tag of the 20 day moving average will propel it upward. On a more positive…

  • Market Notes: Indecision

    Talk about your emotional swings. I laughed, I cried, and in the end I am merely content. Both the S & P 500 and the Naz closed up slightly after a wild day that saw both bulls and bears doing the profit dance. Take a look at this chart of…

  • Another Long Setup: IVGN

    Another one of the few longs on my watchlist. IVGN is a biotech company that has held it’s breakout point and acted well during market weakness. This is not a buy recommendation and I have yet to take a position.

  • Sectors that are Working in this Volatile Market

    Two sectors that have withstood current volatility and selling pressure are Education Services and Aerospace/Defense. A few stocks from these sectors of particular interest are CPLA, EDU, BEAV and ATK. CPLA Chart: BEAV Chart:

  • Friday’s Breakouts

    I am looking for orderly pullbacks in the following breakout stocks:

  • Five Explosive Breakouts

    Here are five explosive breakouts that I will be watching very closely:

  • Short Candidate: Honeywell

    Due to the fact that we have been in a solid uptrend, I haven’t pointed out many short candidates over the past few months. While the market is currently in a state of flux, I am still hesitant to fire off a big batch of shorts since we are still…

  • Chart: LVS

    LVS has shown solid accumulation during the uptrend. If today’s hammer is confirmed by a close above $130 tomorrow, we could see another leg up.