I entered BA today post breakout from a triangle pattern. The stock seems to be forming a Tight Flag post breakout.I am also short IOC, SPY and RL
Coal, and ACI, have been on fire of late. It's tough to find a good entry, so I may just enter on today's break of a bull-flag pullback.
I entered 400 shares of PCX at an average price of $8.66. My stop is around $7.40 and my initial target is $10.50. This gives me a 2:1 reward to risk ratio. As noted in the blog and report last night, the coal sector looks great and PCX shows strong accumulation and a bull flag... Continue Reading →
Coal is currently one of my favorite sectors for long trades. Among coal stocks, PCX has one of my favorite patterns. Entry at the bottom of the bullish flag consolidation range is ideal.
I bought 500 shares of TRA at $53.12.Setup: A combo platter of a breakout and trend-pullback and entering within a forming high and tight flag. I expect a continuation of the trend. Great volume pattern and RSI and stochastics confirm price highs. The stock is under accumulated here.Risk: My intial target is the recent high... Continue Reading →
I bought 200 shares of EWZ, the Brazil ETF, at $91.61.Setup: Bullish Flag post Breakout-Breakout Pullback. The stock pulled back to the top of the breakout level, which is also where it broke resistance. Recent volume pattern is strong and obv has increased as stock has pulled back from breakout. As a plus, all things... Continue Reading →
I bought 100 shares of MTL at $143.46. The strong broke out over $140 yesterday on strong volume. It's one of the strongest stocks in a strong sector showing loads of accumulation. I may be a bit early on entry (I usually don't enter at overbought stochastic levels), as the stock could pullback to $140.... Continue Reading →
I bought 500 shares of LFC at $50.09. This is purely a breakout play. I am not waiting for the pullback. My intital target is the late 2006 high at $56.I bought 500 shares of DXPE at $$47.40. This is a breakout-pullback play. My initial target is the recent high at $52.50, and a stop... Continue Reading →
I sold my remaining 500 share of SMSI at $17.98 (entry at for a $15.96) for a $1,010 gain (+12.6%). I entered on an NR7 pullback to the breakout point. My exit was timed at recent highs, although I do think this stock has the potential to breakout to new highs.I also bought 500 shares... Continue Reading →