Does the Market Wanna Be Sedated? Sunrise Santa Fe, New Mexico. As I sip my morning coffee, I imagine the power lines as lines on a chart and the airplane a vertical price pattern gaining momentum. However, as a mode …
***Note: Stop Changes: ***KORS: Since not stopped out a breakeven, lower stop for Monday back to 35.84 ***FSLR: All gone second probe at 31.84. Small position, about 1/10 % loss. Will sit aside until a huge reversal pattern or significant …
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The Market Masks Many Faces Above is a screenshot taken today of all six members of the Economic Modern Family. The dotted line represents the 50 daily moving average. The solid line the 200 day moving average. Semiconductors (SMH) sit …
***Note: Weekly video will be out tomorrow Stop Changes: ***KORS: Change stop to 35.84 ***FSLR: Change to 31.64 original stop for tomorrow until further notice ***Raise trailing stop in IFN: 22.84 ***Raise trailing stop in KBH: 17.74 (Note target is …
Janet Yellen Presents: What Frightened You, Fed? We placed a block of ice into the sink the other night and magically, Alfred Hitchcock presented himself. The famed director began every episode of Alfred Hitchcock Presents by laying the groundwork for …
***Note: No stop changes ++++++++++++++++++++++++++++++++++++++ Replaced the Original Position: FSLR: Long at 32.60 ATR: 1.11 Name of Instrument: First Solar Current Price: 33.00 Reason for Trade: Whatever number of shares you had on our last entry we bought back today …
Market Bias: Bullish until close under the 10-day MA Longs: EWZ MAS PEP Shorts: DFS CVS
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New Mexico R.I.P (Ripple in Peace) Today, news came out that New Mexico, our home state, has the highest unemployment record in the country. With a rate of 4.7% nationally, NM’s rate stands at 6.7% up from 6.5% a year …
***Note: No stop changes +++++++++++++++++++++++++++++++ New Position: Long KORS at 36.80 ATR .74 Name of Instrument: Michael Kors Hldg, LTD Current Price: 37.20 Reason For Trade: One of my favorite setups is a buy against a historical low after a …