Sometimes swing trading is easier than we make it. In the trading game it literally pays to keep it simple.Our stock of the day, EA is a great example of the KISS method. When do you buy EA?That's easy. When it pulls back to the 50 dma or when stochastics near oversold levels. It's a... Continue Reading →
Oceaneering Internat (OII) has consistently been a buy on pullbacks to the 20 day moving average. This is a "keep it simple, stupid" trade, which is why I did not add any indicators to this chart. Why complicate maters? I will likely enter on a low volume pullback to the moving average.
I took a small nible in EWZ at the close yesterday, with a 300 share position $60.35. I've placed a mental stop just under $60, with an initial target at the recent all time high, around $63. I'll look to add more if it can break into new high territory.If you look at the trend... Continue Reading →
I bought 500 shares of RIO at $44.65. This is a simple "trend pullback" trade. The stock has been on a steady trend that has bounced off of every pullback to the 50 day moving average. I am a bit concerned about the heavy volume on this pullback, so I will use a tight stop... Continue Reading →