Yes, it’s true that volume on Monday’s up move was meager compared to the selloff last week. It’s also true that the small caps regained the 50 DMA for an unconfirmed phase change back to bullish.
Equally true is that …
New Position: XRX: Long 11.25 ATR .28
Name of Instrument: Xerox Company
Current Price: 11.30
Sell Stop: 10.49
Reason For Trade: Crossed key monthly moving average in 2013, tested and held the 200 DMA and confirming phase change to bullish…
New Position: XRX: Long 11.25 ATR .28
Name of Instrument: Xerox Company
Current Price: 11.30
Sell Stop: 10.49
Reason For Trade: Crossed key monthly moving average in 2013, tested and held the 200 DMA and confirming phase change to bullish…
Last week ended exactly as one would expect-leaving both the bulls and the bears apprehensive.
After all, looking back at the action, the S&P 500 sold off yet held the 50 DMA. NASDAQ remains weak failing to even test its …
***NOTE-SODA: Reached P1 44.00-sold 1/3 and raised trailing stop again
++++++++++++++++++++++++++++++++++++
New Position: USO: Long Filled 36.13 ATR: .47
Name of Instrument: United States Oil Fund
Current Price: 36.60
Sell Stop: 35.19
First Target: 37.24 for 1/3
Reason For Trade: …
***NOTE-SODA: Reached P1 44.00-sold 1/3 and raised trailing stop again
++++++++++++++++++++++++++++++++++++
New Position: USO: Long Filled 36.13 ATR: .47
Name of Instrument: United States Oil Fund
Current Price: 36.60
Sell Stop: 35.19
First Target: 37.24 for 1/3
Reason For Trade: …
Longs:
GLD
TAN
JO
PM
HSP
JCP
AAPL
X
DTV
DE
TSLA
XRX
ARMH
K
TWTR
SCTY
THC
DRI
SODA
GT
LO
FCX
KSS
CMA
SLCA
HAL
MCD
MUR
CAT
LNKD
Shorts:
IACI
NTAP
CTXS
AMGN…
Longs:
RH
XOM
K
LNKD
TWTR
SCTY
HSP
HCA
THC
DRI
JCP
SODA
FB
AA
HUN
PLUG
FE
CYH
CXO
NEE
GE
FSLR
WLL
Shorts:
NFLX…
Perhaps S&P 500 holding the 50 DMA is a sign that the worst for this week is over. Perhaps, it just means the short shooters show up at the end of the week, taking it down beneath.
Certainly looking at …
***NOTES
YUM: out with trailing stop 73.47
Out of EEM 40.41 stop
WFC raise trailing stop 48.24 to sell balance
CORN sold ½ of existing balance 34.24-Raised trailing stop
++++++++++++++++++++++++++++++++++++
New Position: USO: Long Filled 36.13 ATR: .47
Name of …