April 2016
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XLF FAS Trade Entry

FAS (3x Bullish Financial Sector ETF) will be added as an Active Short Trade here on the break below this 30-minute bearish rising wedge pattern. The basis for this trade has just as much to do with developments on the daily time frame for the sector (via XLF) although this 30-minute wedge breakdown helps to [...]

Apr 21, 2016 2:10pm|Categories: Completed Trades - Short|Tags: , |7 Comments

Triangle Pattern In DAVE Ready To Pop

DAVE (Famous Dave's Of America) looks ripe to pop out of this symmetrical triangle pattern one way or the other any day now. I favor an upside breakout which is likely to spark a short covering rally. As this stock is still in a vicious bear market that has wiped out 85% of this company's [...]

Apr 21, 2016 12:38pm|Categories: Long Setups|Tags: |7 Comments

RSOTC Search Tips

I've had a few questions on using the search function on Right Side Of The Chart. There are actually two separate options (ticker/tag function & the search bar) with various sub-options on the search bar. The "Select Ticker/Tag" drop-down menu located on the home page right sidebar is used to quickly reference all [...]

Apr 21, 2016 10:27am|Categories: Using RSOTC|0 Comments

USO Attempting to Breakout

Member @dpatel asked for my thoughts on USO (crude oil etf) in the trading room so here is my daily chart along with my thoughts. USO is currently challenging the March 18th reaction high. While on face value, a solid break above that level would be bullish, the negative divergences in place on the 60-minute [...]

Apr 20, 2016 2:20pm|Categories: Gold & Commodities|Tags: , |2 Comments

DO Trade Setup

DO (Diamond Offshore Drilling) is on watch for a possible official long trade idea. While a break of this downtrend line + the 24.75 level could spark a lasting rally, I'm leaning towards a brief pop followed by a backtest of the downtrend. I'm only passing DO along as an unofficial trade idea for now [...]

Apr 20, 2016 10:37am|Categories: Long Setups, Long-term Trades- Setups|Tags: |0 Comments

Bullish Sectors, Commodities & Countries (video)

Going forward, I plan to do regular updates covering the most attractive sectors, commodities and/or countries as well as the most bearish (for short trading opportunities). In doing so, I will cover the tracking ETFs, which may help less active traders & investors, as well as those the prefer the simplicity & diversity afforded by [...]

Apr 19, 2016 2:50pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , , , , |9 Comments

Shipping Sector Trade Ideas pt. 3 (video)

I continue to see bullish developments in the shipping sector with numerous stocks set up for potentially explosive gains, should the momentum players step in once again. In fact, quite a few of the recently highlighted individual shipping stocks as well as the shipping etf, SEA, have just recently broken above the key breakpoint levels [...]

Apr 19, 2016 12:15pm|Categories: Unofficial Long Ideas|Tags: , , , , , , , , , , , , , , , , , , , , , , |5 Comments
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