Category: distribution day
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Charts: AMLN, BEAV, WYNN, BHP
I entered four positions today, 3 shorts and one long. My market bias has turned bearish with recent distribution (price down stong oh high volume) on SPY. WYNN is showing signs of topping, though it is stronger than the market. Recent volatility and stronger volume to the down side make…
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A Monsanto Topping Pattern?
I went short 100 shares of MON at $120.76. Rather than analyze the trade setup as I have been doing, I’d like to take a look at MON’s weekly chart. It’s starting to look like a top might be forming. Take a look at the price action. For the fist…
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How Can You Not Bet Against Gold?
I am hearing a lot of bullish chatter amongst bloggers and media about the near future for gold. This seems to always happen when a former leader (momo stock) breaks down and prints a dead cat bounce. I love it when this happens. Let’s ignore the talking heads and take…
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Trade Portfolio Charts: GTLS and DZZ
GTLS is an earnings breakout play that has shown accumultion as it consolidates the breakout move. A key day was early last weak when it confirmed the hammer the stock printed at the breakout point. The RSI and OBV trends are positive and the volume pattern has favored up days.…
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Broken Momentum Stocks
It is inevitable that most momentum stocks will fall just as far as they climbed. Many investors and traders end up losing most or all of their profits either holding on or continually playing the bounces in these stocks. Here are 9 recent momentum plays that are showing signs that…
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Excellent Article Highlighting Momentum Plays
Tereas Lo has posted an excellent article highlighing sentiment cycles. It’s ironic that she uses the dry shipping industry as an example, since it is a sector I played on the way up and have recently been playing as a short on the way down (I’ve already shorted DRYS three…
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Anatomy of a Broken Momentum Stock – Bad Signs For Market
I am seeing a lot of momentum stocks which have broke down below their trend lines. CPLA is a good example. During the trend, the stock has continually bounced off either the 20 day or 50 day moving average. Just as important, down moves have not shown much distribution. That’s…
Paul J Singh 