LMNX gained over 6%!!! on the move above 18.36 the HOD.
NEM gained nearly 4% on the move above 48!!!
NOR gained nearly 6%!!! on the move above 6.55. Was a day trade and resumed its downtrend. Broke support recently and could head lower to test low of year.
LRCX failed longs with a false break of res. Broke support later in the week for short opportunity which continued into following week.
$LMNX $NEM $NOR $LRCX Watchlist 08/20/2012
Market hitting a strong resistance level. Has to break resistance with volume to continue rally. Expect some pause and consolidation. Watch stocks that are at resistance. They could fail to break and pullback/correct before proceeding to go north.
Watchlist 08/13/2012 Review
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Review
RRD gained a little over 1% on the shot side. Long play did not have enough steam for an entry.
LII gained about 4% on the long play.
TZA gained about 3% on the day trade and a little less on the overnight hold. It broke down from there.
F gained over 3% on the move above 9.50.
ADTN tweeted this on the 15th. Moved off the 20day for a 6% gain.
AEC small gainer off the 20day but still has room for upside movement.
AZK ran from 4 to 4.22 for a gain over 4%!!!
BRFS gained 3%!!! after the 20day held.
LII gained about 4% on the long play.
TZA gained about 3% on the day trade and a little less on the overnight hold. It broke down from there.
F gained over 3% on the move above 9.50.
ADTN tweeted this on the 15th. Moved off the 20day for a 6% gain.
AEC small gainer off the 20day but still has room for upside movement.
AZK ran from 4 to 4.22 for a gain over 4%!!!
BRFS gained 3%!!! after the 20day held.
$TZA $LII $RRD $GLD $F Watchlist 08/13/2012
Am expecting some pullback this week from the market. A slight correction is due. Be careful of these little runs that may occur right before dips and false breakdowns.
Watchlist 08/06/2012 Review
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Review
Tough week with earnings and fear from Europe, a slowing economy and a market downturn. Earnings blew up a couple of ideas, but gains were still there.
SNTS never triggered an entry and blew up off earnings. Made a good short play on the gap under the 50day.
CVG struggled most of the week. Moved above 15.70 for a small gain but quickly dipped and closed at the same level as last week. This tested support level and may continue lower.
HNZ gapped up early in the week nullifying any play. Move below support with low volume.
HEK had a great fist day of the week and moved above the 50day for over a 4% gain!!! Eanings blew this up which is why you never hold into earnings.
PCG tested 47 and died as expected. Short entry under open would have gained over 3%!!!
SNTS never triggered an entry and blew up off earnings. Made a good short play on the gap under the 50day.
CVG struggled most of the week. Moved above 15.70 for a small gain but quickly dipped and closed at the same level as last week. This tested support level and may continue lower.
HNZ gapped up early in the week nullifying any play. Move below support with low volume.
HEK had a great fist day of the week and moved above the 50day for over a 4% gain!!! Eanings blew this up which is why you never hold into earnings.
PCG tested 47 and died as expected. Short entry under open would have gained over 3%!!!
$SRE $BTU $NEM $HAIN Watchlist 08/10/2012
Slow moves today. Not much conviction for this rally. Be nimble respects stops.
$RRD $IPGP $NEM $LII Watchlist 08/08/2012
Earnings blew up a few ideas. I see weakness in this rally and am not convinced it will continue for long.
$SNTS $CVG $HNZ $HEK $PCG - Watchlist 08/06/2012
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Charts,
Watchlist
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comments
I don't believe in this rally right now. Volume isn't strong and the market can turn on a dime with bad news from Europe or the US. Right now futures are up so let's play the charts. Here are $SNTS $CVG $HNZ $HEK $PCG - Let's see how these do this week. $HEK may be a longer swing trade.
Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition (2nd Edition)
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books,
education
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comments
Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition (2nd Edition)
This is a highly recommended book among technical traders. Highly recommended with excellent reviews. It covers a wide range of technicals including using many with up to date strategies.
Already the field's most comprehensive, reliable, and objective guidebook, Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition has been thoroughly updated to reflect the field's latest advances.
Selected by the Market Technicians Association as the official companion to its prestigious Chartered Market Technician (CMT) program,
This is a highly recommended book among technical traders. Highly recommended with excellent reviews. It covers a wide range of technicals including using many with up to date strategies.
Already the field's most comprehensive, reliable, and objective guidebook, Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition has been thoroughly updated to reflect the field's latest advances.
Selected by the Market Technicians Association as the official companion to its prestigious Chartered Market Technician (CMT) program,
Watchlist 07/30/2012 Review
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Review
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comments
TRV was looking for the move above 62.90 and this ran to 64.10 for a gain of over 1%!!!
ALL didnt trigger the short entry since volume and price wasn't significant under 20day. Gapped above the upper res level and ran. This gained 4%!!!
CLDX never triggered the long entry. Instead this died lol.
CFFN never triggered an entry.
FRC no play as this went sideways.
KIM gained over 3% on the move above 19.4.
ALL didnt trigger the short entry since volume and price wasn't significant under 20day. Gapped above the upper res level and ran. This gained 4%!!!
CLDX never triggered the long entry. Instead this died lol.
CFFN never triggered an entry.
FRC no play as this went sideways.
KIM gained over 3% on the move above 19.4.
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