Category: Uncategorized
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The New Trade Report is Back Better Than Ever!
I am back! After moving to California and trading full-time the past two years, I have decided to start putting out the Trade Report again. I am working with Kunal at BullsonWallStreet. Subscriptions to the report should start in a week or two. In the meantime, check out the first sample…
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Trade: GS
I went long GS on the breakout of the moving average. Notice the bottoming “W” pattern and the positive volume that has has developed within the pattern. My stop is just under the moving average at around $97-98. The targets are around $110 and $115. Entry was at $99.88. This…
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SPY: Positive Divergence and Moving Average Breakout
Take note of the higher lows in OBV and RSI. These are good signs for SPY. Today’s breakout lacked volume, the divergences lead me to believe the moving average might hold.
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How to Make A 26 percent Gain with a 50 Percent Win Rate
I have updated my 2010 trading stats featuring trades documented in the Trade Report. Here is a quick summary along with analysis presented to Trade Report members. Trade Speadsheet The hard numbers through 7/23/2010: Total Trades: 64Wins: 34Losses: 30Win Rate: 53% Average Win: $1424Average Loss: $743 Total gain– $26,163 (two…
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Today’s Trades: CAT, UAUA and TOL
I entered half positions in UAUA, CAT and TOL today. There are a number of good looking pullbacks, but they could get stopped out if market pulls back, and there is room for pullback before support hits. That is why I took half size positions. I also took profits in…
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Thursday Game Plan
Here is my plan for today: Here’s my detailed plan for today: http://docs.google.com/View?id=d5z8q8w_1505gnc8qmcc
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Market Notes and Trade Update
Market Notes and Trade Updates:SPY broke out over the resistance area we have been watching. As noted in the Report, I had a buy entry in place at $108.40. I entered at that level with a stop placed under the resistance level. Also, I was stopped out of the SPY…
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Short Setup Negated: BCSI
For the time being, the short setup in BCSI is negated. The stock broke out over moving average resistance today.
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M. Martin–Contact Me
M. Martin. Please contact me from an e-mail address different that you used to sign up via paypal.
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Lots to Like About Brazil
Brazil is one of my favorite groups or “sectors” right now. Lots of great looking stocks. TMX, CIB and TEO are three I will look to enter on pullback:
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Position Update
GRMN (long), POT (short), SDS, AAPL (short), DRYS (long), AMZN (short), LMT (short), VPRT (short)
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Quickie Game Plan
The market’s very extended. The low risk trade right now is to short with a tight, logical stop. Aside from RIMM, and possibly DRYS tomorrow, I am not looking to get long. My current short positions are SPY via SDS, AAPL, LMT and AMZN (pair trade with RIMM)
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The Obvious Line
The chart below shows the obvious breakout-breakdown level. A break below that level would mark a failed breakout. See my last post on current strategy.
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Bearish Engulfing Pattern Forming in X
A bearish engulfing pattern is forming in X right near resistance. This trade is easily managed by shorting the next intra day bounce, placing a stop above today’s high with a target near the 50 day moving average.