Right Side of the Chart

...because anything to the left is history
Mar 152013

Just an FYI:  A follower of the site just informed me that the SPY went ex-dividend today, which I was not aware of.  Typically, a stock or ETF will drop by roughly the amount of the pending dividend on the day it goes ex-dividend.  When [continue reading…]

 March 15, 2013 4:15 pm  Equity Market Analysis Tagged with:  Comments Off on SPY went ex-dividend today
Mar 152013

We still need to see how things close today but so far, today’s gap down in the SPY has put in a potential Island Top Reversal pattern, which helps keeps my primary scenario alive.  If these scenarios do continue to play out, my expectation remains [continue reading…]

 March 15, 2013 2:44 pm  Equity Market Analysis Tagged with:  Comments Off on SPY Island Top Reversal Pattern
Mar 152013

The NIHD long setup has triggered an entry on a break above the 60 minute bullish falling wedge pattern.  Volume so far has been just about average but then again, low volume breakouts seem to be the norm lately.  As the entry price was around [continue reading…]

 March 15, 2013 11:39 am  Completed Trades - Long Tagged with:  Comments Off on NIHD long entry triggered
Mar 152013

RAX was a short trade that recently hit it’s final target for a 30.2% in under 3 weeks from entry.  At the time, I suggested booking full profits and considered the trade completed as a bounce was very likely but I also added an additional [continue reading…]

 March 15, 2013 10:27 am  Completed Trades - Short, Trading Tips Tagged with:  Comments Off on RAX update
Mar 152013

The AAPL long setup has triggered an entry as of the open today.  I continue to maintain that the risk/reward to entering new long positions at this time is unfavorable so consider keeping your position size on AAPL light enough that you can allow to [continue reading…]

 March 15, 2013 9:48 am  Completed Trades - Long Tagged with:  Comments Off on AAPL long entry triggered