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OT: George Vecsey’s Baseball: A History of America’s Favorite Game
One of my New Year Resolutions was to read one book per week. This week, I read George Vecsey’s Baseball: A History of America’s Favorite Game. I would highly recommend this book to anybody who is a sports or baseball fan. While it’s not an in depth historical account of…
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How would you play AAPL
As most of you know (and if you don’t, and you are a trader, you are slacking) Apple broke out to knew highs on significant volume after earnings. The question now is, how do we play this brekaout? The stock was over $100 in after hours when it reported Wednesday…
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Answering Questions About Part-Time Trading
First of all, I would like to let you know that I enjoy your “Market Speculator” blog and find it very educational. After reading many of your posts, I noticed that you prefer not to micromanage your trades and sometimes only check the market a few times a session because…
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Today’s Trade: JSDA and VDSI
I sold 500 shares of VDSI at $20.65 (entry at $17.63) for a $1510 gain (+17.2%). Check out my reasoning for entry here. It was the perfect accumulation and pullback to support play. I was stopped out of my 400 share position in JSDA at $24.85 (entry at $26.41) for…
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A Reader’s Take on AMZN
Thanks to all of you who commented on AMZN. Most were either non-committal or leaned my way. Rich adds some fundamentals into the picture. I saw your comment on Amzn today, I hit myself for not going in ( just like I passed on STP last friday). However, I think…
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Thinking Out Loud About Amazon
Like many, I am kicking myself for not entering AMZN yesterday. On Thursday, I featured it as a breakout-pullback candidate. When I made my trades yesterday, I came very close to taking a 500 share position at around $44.40, but decided against it for two reasons. First, I had made…
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Today’s Watchlist and a Breakout-Pullback Candidate
ESRX looks like a good breakout-pullback candidate. I’d wait for a low volume pullback to the bottom of the long price bar. Here is a list of stocks I’m watching today.
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Today’s Trades: ZUMZ, AAPL, VLO, JSDA, STLD, EWZ, ZOLT
I bought 400 shares JSDA at $26.41. I bought 400 shares of STLD at $44.80. I bought 250 shares of EWZ at $52.78. I bought 300 shares of ZOLT at $32.30. I will go into more detail about these trades tonight. I sold 500 shares of ZUMZ at $40.75 (entry…
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Today’s Trade: PAAS
I bought 400 shares of PAAS at $30.46. The stock has pulled back to prior resistance and is holding up well. My stop will be placed at $29.10, just under the 50 day moving average.
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Breakout Chart: XOM
Exxon Mobil Corp. (XOM) broke out to new highs on above average volume. A low volume pullback to the prior highs, just under $79, would normally provide a good entry point. While the breakout is bullish, there are some concerns for this stock. Notice the negative divergences in both RSI…
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Today’s Trade: GROW
I bought 400 shares of GROW at $29.45. It’s back at the bottom of it’s trading range on low volume, so I’ve entered again. I’ll keep working this range until the strategy stops working. My target is $32-33, and my stop will be in the $27.50-28 range.
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Today’s Trade: ZUMZ
I bought 500 shares of ZUMZ at $38.83. The stock has pulled back to the early March breakout point on low volume, has a strong OBV reading and is oversold. When trading this “breakout-pullback” setup, I would normally wait until the stock moved out of oversold territory. Due to the…
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Today’s Trades: TZOO, GROW, MVIS, FUL, VLO
I sold 500 shares of TZOO at $39.85 (entry at 37.72) for a $1065 gain (+5.6%). This stock was a textbook breakout-pullback play. I bought on a pullback to support after the mid-March breakout, and sold on the new breakout. In the meantime, I was also able to make a…
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Watchlist and Entry Point Question and Answer
FPIC broke out of a three month triangle formation. Volume and the OBV indicator (a measure of volume at the close) show increased accumulation during the formation of the triangle, suggesting this breakout is for real and any pullback will be met with more buying. I will enter on a…
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What I’m Reading
I took my daughter to Barnes and Noble today. Of course, I had to sneak over to the investing section. I picked up Steve Nison’s Japanese Candlestick Charting Techniques, Second Edition and Pring on Price Patterns : The Definitive Guide to Price Pattern Analysis and Intrepretation Steve Nison is considered…
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Friday’s Additions to Watchlist and Quote of the Day
Watchlist:Here are some new additions to the watchlist with notes: HCR: pb 60 (breakout-pullback setup)JASO: pb 20-21 (b-o setup)WOOF: pb 39CSX: pb 42-42.50 (thanks to Buffet and takeover speculation)MEDI: pb 41-42 (bo-pb)RRD: pb 38.50-39AAPL: hammer confirmation?CCOI: pb 25 (bo-pb)SU: bo 82GROW: multiple entriesCCJ: just watch for now (need deeper pb…
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Today’s Trades: HES, VDSI and AAPL
I sold 300 shares of HES at $57.55 (entry at $55.91) for a $492 gain (+2.9%). I bought 200 shares AAPL at $$91.05. I had been looking to see how AAPL would handle a pullback to the peak of the double bottom formation it recently broke out from. The hammer…
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"Pump Up" Books
{Thursday’s Watchlist} Once I find something that I am passionate about, I tend to relentlessly pursue that endeavor. My closest friends and family would say I do so to the point of obsession. While some may see this as a negative, I see it as a positive. It’s the only…
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