NOTE: Please read the notes to my Premium subscribers as possible setups to watch for. As far as a specific recommendation, because Monday could be pivotal, prefer to wait until end of day before getting into anything for a swing …
If you put flowers in your hair today thinking all is good in the world again, they most likely wilted by the end of the day. Yes, the Dow closed over 14,000 but the indexes failed to hold Wednesday highs …
Ok, so make that a line from Mamas and the Papas: "Monday, Monday; Can't Trust That Day!" The Dow is back over 14,000 and even Ben Bernanke admits that higher rates is GOOD for the US economy-something this armchair economist …
Note-even if there are no new trades, you all have the advantage of reading the notes to my subscribers (subs) which are chocked full of ideas on areas that I would like to see hold or clear
Market recovered more …
Open Trade Update
Trade Update: Long XOP on 58.20 limit order
Stop: 56.94-stopped out
Trade Description: After initial strong open, limit order to buy was meant to limit risk to 1 full ATR. Since the market had some ominous candles, …
New Trade Alert
Trade: XOP Buy 58.20 limit order
Instrument Name: S&P Oil and Gas Exploration ETF
Position: Long
Stop: 56.94
Target: 59.70 take partial profit
Trade Description: After testing the 50 DMA last Thursday, looks like a hammer candle …
Open Trade Update
Trade: IYR Long $68.36
Trailing Stop: $67.79
Partial Profit:
Trade: OIH Long
Partial Profit $44.30 as of 02/14
Trailing Stop: $43.97-stopped out
Next Target:
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Analysis for Thursday, 2/21/2013
Well, rip your face off alright, only now …
Open Trade Update:
Trade: IYR Long $68.36
Trailing Stop: $67.83
Partial Profit: $69.19
Trade: OIH Long
Partial Profit $44.30 as of 02/14
Trailing Stop: $43.97
Next Target: $47.15 Take Partial Profit
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Analysis for Wednesday, 02/19/2013
New multi-year high close …
Trade Alert
Trade: Buy IYR 68.34 buy stop with 68.45 limit
Instrument Name: iShares DJ US Real Estate Trust
Position: Long
Stop: 67.79
Target: 70.00 for Partial
Trade Description: After a 2 day correction, Friday closed with a doji candle. …
Open Trade Update
Trade: OIH Long
Partial Profit: $44.30
Trailing Stop: 43.99
Next Target: 47.15 Take Partial Profit
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Yet another quiet session punctuated with some very robust moves in the oil services and energy sectors. S&P 500 continues its …