“Henceforth, we need to see confirmation Thursday and with increasing volatility.” Two reasons I am quoting myself from last night’s daily. One, because I really do love the word “henceforth.” Secondly, because the concept of “confirmation” and “increasing volatility” is …
…
Trade Plan For 2/20
Market Condition:Very cautious especially under the 2/19 daily lows.
Long Focus:
- NBL
- BMRN
Short Focus:
- C
- NSC
…
Longs:
HSP
NBL
AXL
ONVO
GOGO
YOKU
K
OAS
WAG
BMRN
WDAY
VRTX
PCYC
AIG
Shorts:
CHRW
AGCO
RAX
C
LUK
NSC
COST
AOL…
Goodness, be careful what you wish for right? I wished for drama. Thanks, I think!
Earlier this week we talked about tops. We mentioned that tops are as dramatic as bottoms. They need volume for starters. Then, they have to …
****NOTE: Exited ½ WFC: 45.82
+++++++++++++++++++++++++++++++++++++++++
Existing Position: EEM: Short 39.42 ATR .73
Current Price: 39.03
Buy Stop To Cover: 41.35
Name of Instrument: Emerging Market ETF
Reason For Trade: Failed the 80 and 23 month moving averages which are …
****NOTE: Exited ½ WFC: 45.82
+++++++++++++++++++++++++++++++++++++++++
Existing Position: EEM: Short 39.42 ATR .73
Current Price: 39.03
Buy Stop To Cover: 41.35
Name of Instrument: Emerging Market ETF
Reason For Trade: Failed the 80 and 23 month moving averages which are …
Longs:
CSIQ
DOW
HSP
KSS
NBL
AXL
KBH
ONVO
YOKU
HUN
ASML
HAL
SCTY
CLDX
TRNB
BIDU
OAS
AIG
COST
TIF
Shorts:
TWTR
CHRW
TRLA
AGCO
TCK…
First, I would like to offer congratulations to the Retail ETF that finally made it over the 200 DMA creating an unconfirmed phase change to warning! I also have to give a high five to NASDAQ, Biotechnology and Semiconductors, once …
****Profit Targets Reached: USO: ½ off at 36.49 CORN 1/3 off 32.27
***Note: Raised to trailing stops in USO CORN. WFC Raised sell stop
+++++++++++++++++++++++++++++++++++++++++
New Position: EEM: Short 39.42 ATR .73
Current Price: 39.30
Buy Stop To Cover: 41.35…