Right Side of the Chart

...because anything to the left is history
Apr 212013

The following long trades exceeded their previous suggested stop parameters last week and will be removed from the Active Trades Category:

AAPL- Printed a weekly close below the bottom of the support zone on Friday.

EXM-  Exceeded both the suggested stop level of 0.72 on Friday.

NM- Fell below the 4.12 suggest stop level early last week.

The JOUT long still looks fine for now and the following Active Long Trades or Long Setups will be updated under separate posts soon:  HL, HMY, CVU, XSD, PEIX.

Admin note:  For those receiving post notifications by email, we are still working on restoring the feature to select or deselect specific post categories (e.g.- short trade setups, completed trades, market analysis,etc...). We don't have a firm ETA on the fix yet but hope to have it restored by the end of the week.  The RSS feed button will also be restored soon as well for those who prefer to follow the blog posts in a reader.

 April 21, 2013 9:40 pm  Completed Trades - Long Tagged with: , ,  Comments Off on Long Trade Ideas Update
Apr 112013

NM has been consolidating around the first target area since first hitting T1 for a 13.2% gain back on March 8th.  Perfectly normal behavior considering the recent run but consider setting a stop on any move below the 4.12 area.

 April 11, 2013 9:49 am  Completed Trades - Long Tagged with:  Comments Off on NM Trade Update
Mar 252013

As my kids are on Spring Break this week, I plan to spend some quality time with them and as such, the posts will be on the light side.  I just turned on the computer for the day and I’m not in the least bit [continue reading…]

 March 25, 2013 2:32 pm  Equity Market Analysis Tagged with: ,  Comments Off on Midday Comments
Mar 212013

NM has impulsively broken out of a bull flag consolidation/continuation pattern which formed after hitting the first target.  As there is a thin zone between T1 & T2, this opens the door for a potentially quick move up to T2 (final target).

 March 21, 2013 11:31 am  Completed Trades - Long Tagged with:  Comments Off on NM long update
Mar 082013

NM has hit the first target of 4.30 for a 13.2% gain from entry.  Although I have my concerns about a pending pullback in the broad markets, this chart still looks constructive at this time.  Remember, I have been setting the prices targets below the [continue reading…]

 March 8, 2013 2:17 pm  Completed Trades - Long Tagged with:  Comments Off on NM long first target hit
Mar 062013

Besides the miners (mentioned in the previous post) one of the sectors that will soon likely play a potentially powerful game of catch-up (assuming that the broad market continues to move higher over the next few weeks+) is the shipping index.  As of now, the [continue reading…]

 March 6, 2013 2:07 pm  Completed Trades - Long Tagged with:  Comments Off on NM update
Feb 212013

The NM long is currently backtesting the top of the large triangle pattern that it recently broke out from, triggering a long entry.  Normally, I might highlight this as an objective add-on or entry opportunity but with the broad market recently triggering some longer-term sell [continue reading…]

 February 21, 2013 11:29 am  Completed Trades - Long Tagged with:  Comments Off on NM long update