February 2013
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So far, so good

We definitely got that "sell the close" institutional selling that I was looking for and then some.  This makes 6 out of the last 7 trading sessions that the key index tracking etf's (SPY & QQQ) were met with high volume selling into the close.  This is commonly seen during phases of institutional distribution, especially [...]

Feb 28, 2013 4:44pm|Categories: Equity Market Analysis|Tags: , |Comments Off on So far, so good

QQQ & SPY 5 minute chart updates

The SPY turned down right on cue, reversing off it's previously posted resistance level to the cent which brought the QQQ down with it, just shy of it's similar previous reaction high from Monday.  The expected negative divergences were also made official as the MACD on both index tracking etf's have now put in lower [...]

Feb 28, 2013 3:43pm|Categories: Equity Market Analysis, Uncategorized|Tags: |Comments Off on QQQ & SPY 5 minute chart updates

5 minute scenarios

Here I am, constantly preaching the virtues of always checking multiple time-frame when formulating your market or individual stock analysis, yet I should have looked at the shorter frames before that last 60 minute scenario update.  As these 5 minute charts of the SPY & QQQ show, prices are in a well defined short-term uptrend [...]

Feb 28, 2013 11:26am|Categories: Equity Market Analysis|Tags: , |Comments Off on 5 minute scenarios

60 minute scenario updates

As stated in the recent 60 minute scenarios on the QQQ & SPY, I was expecting a bounce from the aforementioned support levels, which has clearly happened.  I also stated that I was unsure how far those bounces would go (i.e.- the squiggles were not a forecast of the exact scope or duration of the [...]

Feb 28, 2013 10:54am|Categories: Equity Market Analysis|Tags: , |Comments Off on 60 minute scenario updates

SHW short update

The SHW active short trade looks to be offering an objective add-on or new short entry as it re-tests the recently broken bearish rising wedge pattern from below.

Feb 28, 2013 10:06am|Categories: Completed Trades - Short|Tags: |Comments Off on SHW short update

FSLR long target hit

The FSLR long bounce trade has hit it's one and only target for a quick 7.9% gain in less than 24 hours.  Although this stock could easily continue higher, I'm sticking to my original trading plan of just taking the quick, oversold bounce off support and have booked profits. This trade will now be moved [...]

Feb 28, 2013 9:48am|Categories: Completed Trades - Long|Tags: |Comments Off on FSLR long target hit

ROST short update

I was asked my opinion on ROST tonight, which has been an active short trade on the site since Aug 16th.  In looking over the charts, I figured that not only is it time to update this trade, as the last update was on Nov 15th when it hit the 3rd target for a 22% gain, but there are a few more points that I wanted to share in looking over the charts on this trade tonight. (Notes for the ROST short are on these daily & weekly charts). To begin with, the ROST trade is a great example of the various ways that one can utilize multiple profit targets often listed on the trade and investment candidates on  [...]

Feb 27, 2013 10:58pm|Categories: Completed Trades - Short, Trading Tips, Using RSOTC|Tags: |Comments Off on ROST short update
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