Category: Uncategorized

  • How to Watch PETM Breakdown

    PETM was hit hard today on earnings.  The stock not only has a huge down bar, but also has a big gap to fill.  I will be watching this stock in the coming weeks to see if it “fills the gap”.  If it does, that could provide a good short…

  • POT on the Weekly Chart

    POT is heading into some major resistance levels, as it heads into a range that developed over two years. Why is this significant?  There are longer term position traders who have been waiting for POT to bounce back up to their entry levels so they can avoid taking a loss.…

  • 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…

  • 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…

  • 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.

  • I’m Back

    I plan to start posting regularly again.

  • 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…

  • 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…

  • Thursday Game Plan

    Here is my plan for today: Here’s my detailed plan for today: http://docs.google.com/View?id=d5z8q8w_1505gnc8qmcc

  • 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…

  • SPY Chart

  • Short Setup Negated: BCSI

    For the time being, the short setup in BCSI is negated. The stock broke out over moving average resistance today.

  • Short Setup: BCSI

    The chart says it all. Post a comment if you have any questions.

  • M. Martin–Contact Me

    M. Martin. Please contact me from an e-mail address different that you used to sign up via paypal.

  • AIG Chart

    Nice price and volume pattern.

  • 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:

  • Position Update

    GRMN (long), POT (short), SDS, AAPL (short), DRYS (long), AMZN (short), LMT (short), VPRT (short)

  • 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)

  • 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.