Category: Pullback

  • Today’s Trade: SMSI and TZOO

    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…

  • Zen, Pullbacks and Boom

    It is as though you have an eyeThat sees all formsBut does not see itself.This is how your mind is.Its light penetrates everywhereAnd engulfs everything,So why does it not know itself? —Foyan (www.dailyzen.com) More in this quote tonight, along with my trades and tomorrow’s watchlist. Note to those who read…

  • Strong Sector Stocks Watchlist

    Here are some stocks on my watchlist. All of these stocks come from the 20 strongest sectors over the past 10 days. I have not included notes because all of the stocks are extended and in need of a pullback. I’m looking for pullbacks to either price support or a…

  • Trade Update: NCTY and STLD

    I bought 400 shares of STLD at $38.45. I’ve been waiting for a nice pullback in this stock, and we’ve finally got one. Not as far as I’d like, but we’re dealing with a very hot sector, so I was willing to enter with more downside risk than normal. Since…