Wednesday market comments

There are several reasons that I chose not to run an open blog or trading forum on Right Side of the Chart, at least in the initial stages of building the site.  However, I do enjoy discussing the markets and trading ideas, both those posted here as well as those shared by others.  I welcome [...]

Mar 6, 2013 4:00pm|Categories: Equity Market Analysis|Comments Off on Wednesday market comments

SPY & QQQ 60 minute updates

Not much to update since the last post on the SPY & QQQ 60 minute charts/scenarios.  As mentioned yesterday, the former primary scenario was negated on the gap above resistance and the prior alternative scenario became the current primary scenario.  So far, prices have paused about where I had expected them to but until/unless we [...]

Mar 6, 2013 2:25pm|Categories: Equity Market Analysis|Tags: , |Comments Off on SPY & QQQ 60 minute updates

EGLE 4 hour chart

EGLE is one of the shipping stocks that I've been watching recently but regrettably did not take or post the setup earlier, as the stock is up over 11% today.  However, I figured that the pattern is worth sharing as EGLE just broke out above this downtrend line (shown on this 4 hour chart) and [...]

Mar 6, 2013 2:12pm|Categories: Uncategorized|Tags: |Comments Off on EGLE 4 hour chart

NM update

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 only shipping trade idea on the site is the NM [...]

Mar 6, 2013 2:07pm|Categories: Completed Trades - Long|Tags: |Comments Off on NM update

GDX 60 minute bullish falling wedge

There were two groups of stocks that I was considering adding as setups yesterday and still might (or might not) officially add them as trade ideas but as both sectors are catching a nice bid today, I figured that I might as well post some charts for anyone looking for some long-side trade ideas.  As [...]

Mar 6, 2013 1:48pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on GDX 60 minute bullish falling wedge

Trade Ideas Update

I've spent most of the morning reviewing the charts on all of the active trade ideas.  While all the active longs still look fine, the short trades is a mixed bag right now: Some with nice embedded gains, some close to entry/breakeven, some close to their suggested stop level and some that have already exceeded [...]

Mar 6, 2013 11:06am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , |Comments Off on Trade Ideas Update