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APOL Offers a Low Risk Setup
APOL has a weird, volatile pattern, but still offers a low risk setup off a breakout-pullback. An entry here at $71, with a stop under the moving average at $69.60 and a target at $74, offers a 2:1 reward to risk ratio. CPLA, another education stock, has a similar setup.
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Trade Update
Trade Update that I sent subscribers: I took profits and exited half my BIDU short at $380 (average entry $402.44). I was stopped out of ENER long position at $12.40 for a small loss. I took profits on the remaining shares of AIG long position at $46. One of my…
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Low Risk AMZN Short
AMZN has been a great “extremes” trade (stochastics 90+ and extended price) for the past few months, both as a long and short. The stock is again extended, and offers a low risk short opportunity. Entry here with a tight stop offers a favorable a reward to risk ratio. Allow…
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I am looking to enter ACI
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.
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AIG and the Breakout-Pullback Setup
Back on September 9th, when I posted about entering AIG, it has pulled back post breakout and showed a great accumulation pattern. Since then the stock has catapulted back up towards the recent highs. I entered at $37, took a partial exit and am still holding a positon near $52.…
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CPLA Short Setup
CPLA is showing a classic breakdown-pullback setup. The stock broke down below teh 50 day moving average with strong price bears, and now is in the midst of an orderly pullback to resistance.
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AIG is a Great Low Risk Setup
AIG’s volume pattern shows that it is under accumulation. This pullback offers a low risk setup. If entered around $37, with a stop under the 20 day moving average at $34.50 and target near the recent high at $50, we are looking at a 6:1 reward ratio. If you find…
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Recent Trades: FUQI, DZZ, SPY, AMZN
I made the following trades today, which were sent to subscribers intra-day: Shorts: FUQI, SPY, long DZZ (GLD short) Long Exit: AMZN (entry at $78, exit at $81.10) I’ll detail the setups tonight or tomorrow.
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Game Plan and Free Trade Report
Here is my game plan for the rest of the week and free trade report. Watch for the key SPY support levels. A continuation of the down move would setup some nice “oversold bounce” trades. http://docs.google.com/Doc?id=d5z8q8w_1296ffhsmdfn September 2, 2009 Note: I will not have access to a computer Thursday and…
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My Current Postion: AAPL Short
Last week I posted about APPL showing signs of pulling back, but still being a tough read. As Report members know, I decided to short on the once it made a thrust to $170. Overbought conditions, distance from the 50 day moving average and a negative divergence in RSI made…
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Is DE (John Deere) a Short Setup?
A Trade Report member sent me an email about DE. Here is the e-mail and my response I think it is great time to short “DE”? RSI, OBV and MACD are all bearish…plus, the Durable good is bad.. While the price pattern is not bearish, I agree in that RSI…
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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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Monday Game Plan and Free Trade Report
To see the report with charts, click here August 24, 2009 Market Notes: In the law there is a term called “de novo”, which means to consider a matter anew. It’s commonly used when an appeals court reviews a lower court decision. The appeals court can review the case with…
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Apple is a Tough Read
If it were any other stock, I’d take a stab at shorting AAPL right here, right now. Technically, it shows signs of losing steam and is a good “pioneer short trade.” We see negative divergences in both RSI and Stochastics. Price is making new highs while the two indicators are…
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SPY Breakout
Nice looking breakout on the SPY chart. I will look to buy a dip today. If by chance the breakout fails at close, I will reverse and get short.
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Part-time Trader Series (tip 2): Have a Plan
This is the second in a series of tips for the part-time trader who trades around a full-time job. As a part-time trader, time management is as vital to success as picking stocks or managing my portfolio. Over the years I have developed tricks to streamline what used to take…
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CX Chart
CX has a great looking chart that shows strong accumulation (volume pattern) and is breaking out to highs. The stock is extended, so I will wait for a pullback for entry.