It’s funny how once you learn about something it seems to pop up over & over again. I had a discussion about USNA last weekend at my college reunion. An old classmate asked me if I was familiar with the stock. I told her that I wasn’t and she told me that [...]
Seems like we have a pretty good recipe for a consolidation day — a huge move in the last trading session, the S&P 500 just below its 200-day moving average and a Fed interest rate decision tomorrow. I’ll be playing real light today and as usual I’m taking tomorrow off…
Potential swing trades:
See one [...]
This one is for Englishman Trader who wrote:
TOMO … as a long. What intrigues me is the dimishing volume as it drops back from a second recent surge. I see a trend line from 9/21/2005 when it gapped and showed a lot of strength. I am wondering if we are going to [...]
I was asked the following via an email:
I was just curious if you could share with us your trading objectives. Do you just let your winners run and protect your losses or do you consistently make small gains?
I basically try to perform a balancing act between several trading rules/axioms. I’ve listed four axioms [...]
(I’m reposting this since Bloglet is working for the moment)
For those of you you are subscribing to my site via Bloglet I strongly recommend that you switch to one of the newer email subscription services. I just noticed that they haven’t sent out an update since October 11th. These newer services are much [...]
As you know, the Nasdaq sliced through its 200-day moving average yesterday. So once again all three major indices are in bear territory. Cash is looking real good right about now…
I just finished reading through Briefing.com’s “In Play” page and there’s not much feel bullish about today. That makes me think that perhaps [...]
It’s looking like another lackluster day. Keep in mind that there’s a Fed interest rate decision on November 1 so that may keep people on the sidelines for the next few days.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
So Jim wants to know if Netflix “look like a good short or put candidate here.” This is a tough call for me. It would be much easier for me to call it a short if the 50-day moving average and the lower Bollinger Band weren’t so close by. In fact, the [...]
The S&P 500 crossed its 200-day moving average for the third day in a row today. It’s been rejected shortly after each trip above that line. Given the bearish candlesticks it’s printed over the last two days and the stochastic indicator I won’t be surprised to see the index head back down toward [...]
Well that was a short visit above 1200 and the 200-day moving average for the S&P 500. So once again I’m more bearish than bullish on that index.
Although it seems like the oil inventory report isn’t causing as much havoc as it has in recent weeks I’ll still be waiting until after [...]
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