Sep 242013
 
BAC Short Setup

BAC will trigger a short entry for aggressive traders on a break below the S1 support zone shown here on the daily chart.  Price may find some support on the yellow (lower) uptrend line.  However, a end of week close below the uptrend line on the weekly chart will trigger a swing short entry for more conventional traders and/or an add-on position for aggressive traders.  Daily & weekly charts below:

 September 24, 2013 10:26 am  Uncategorized Tagged with:
Aug 132013
 

I’ve spent some time in updating both the Trade Setups category as well as the Active Trades category.  Trade Setups are trade ideas that are either currently offering an objective entry, such as an active long trade that has pulled back to support, for example.  Stocks or ETF’s that are setting up in a bullish or bearish technical pattern but have not yet triggered an entry fall into this category as well.  As such, trade ideas are often assigned more than one category as they […continue reading]

 August 13, 2013 2:47 pm  Completed Trades - Short Tagged with: , , , , , , , ,
May 092013
 
BAC Short Target & Stop Criteria

The BAC short trade currently has only one price target at this time, T1 at 10.05, although additional target(s) may be added if this trade begins to pan out.  Suggested stop over 13.70.

 May 9, 2013 2:37 pm  Completed Trades - Short Tagged with:
May 092013
 
TBTF Bank Stocks Update

Regardless of the relentless bid under the market lately, the Too Big To Fail banks still look bearish from a technical perspective at this point.  Although the current divergences and bearish price patterns can & will be negated should prices go much higher, at this time these key financial stocks have not yet reached that point (of undoing the bearish technicals). I realize that the will of most flexible/short-side traders has been broken lately with the markets powering to new highs on a near-daily basis […continue reading]

 May 9, 2013 1:22 pm  General Market Analysis Tagged with: , , ,
Apr 252013
 
A Few Important Charts

Although there are many key stocks and indices that I’m following which are in the process of backtesting a recently broken key uptrend line or bearish pattern, I’ll just share a few here below.  The first is a weekly chart of XOM, the world’s largest company (as measured by market capitalization).  As the largest component of the S&P500, where XOM goes will likely have an impact on the US markets.  Following XOM are the daily charts of the $DJIA (Dow Jones Industrials) and BAC, another […continue reading]

 April 25, 2013 6:07 pm  General Market Analysis Tagged with: , ,
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