MPAA & performance notes

although i've been trying to find the time to update the performance of the trade ideas posted here, which hopefully i'll be able to get caught up on soon, i just wanted to share how i report the results.  first of all, i do not trade or manage the trades ideas on this site for show.  i trade for my own personal profits and although i do not take all, or even most of the trade ideas posted here (mainly because it would be too many positions to personally manage at one time), i do my best to try not to [...]

2017-03-08T21:22:34+00:00Apr 30, 2012 12:18pm|Categories: Completed Trades - Long, Using RSOTC|Tags: |Comments Off on MPAA & performance notes

SPY 60 min update

SPY is now at the first resistance level where i have it turning down on the primary scenario from yesterday.  however, i should have added an alternative scenario as i did with the XLF 60, which would be a little more upside to the next resistance level before turning lower.  i am adding some shorts here and i will continue to scale until the top of that alternative scenario resistance band marked below (138.75-139.35ish area), with stops somewhat above that level. there are still many active or short set-ups that are pushing back to resistance that may offer objective entries or [...]

2012-04-30T12:44:50+00:00Apr 12, 2012 10:29am|Categories: Completed Swing Trades, Equity Market Analysis|Tags: , |Comments Off on SPY 60 min update

MPAA T2 hit

didn't catch it earlier or i would have tried to post it before the close but the MPAA long was up big today to literally close right on T2 for a 31% gain from entry so far.  consider taking partial/full profits and/or moving up stops as although this chart still looks very constructive, the odds are pretty good for a pullback or consolidation before T3 is hit.  charts in order as posted.  

2012-04-30T12:45:08+00:00Mar 7, 2012 9:30pm|Categories: Completed Trades - Long|Tags: |Comments Off on MPAA T2 hit

MPAA long update

i usually try to make my trade update posts timely and relevant such as a trade set-up approaching the break-point level or having just recently broken out or maybe an existing trade hitting or approaching a target.  MPAA is actually well in-between it's 1st and 2nd targets but my concern is that these targets are quite far apart and the stock is up about 23% from entry and pretty extended in the near-term, especially without much, if any, consolidation or pullback since breakout other than a quick re-test of the downtrend line.  therefore, consider moving up stops to protect profits or [...]

2012-04-30T12:45:22+00:00Feb 27, 2012 3:51pm|Categories: Completed Trades - Long|Tags: |Comments Off on MPAA long update

MPAA update

as far as the active long trades out there, this one still has one of the most constructive charts IMO.  i first posted this one of the video trade-ideas on sunday feb 5th pre-breakout while still inside the falling wedge, so i don't have a saved copy of the original chart (since i make the videos using the live charts from TC200) but here's the 2nd chart and today's updated chart.  this one is up 16% from breakout but again, market willing, still looks like it has more room to go on the upside although i wouldn't be surprised if it [...]

2012-04-30T12:45:36+00:00Feb 17, 2012 11:46am|Categories: Completed Trades - Long|Tags: |Comments Off on MPAA update

MPAA first target hit

MPAA was posted on feb 5th (super bowl sunday) in the trade ideas video- part 1, as a long trade idea as breakout from this bullish falling wedge.  the stock then broke out, made a perfect re-test of the wedge and jumped over 12% today to close just above the first target.  consider moving up stops to below T1 if you are still long the trade.  as i said in the video, this one looks like it might have good chance of hitting those higher targets for longer-term swing traders, barring the usual pullbacks along the way.  will leave this on [...]

2017-03-08T21:22:54+00:00Feb 13, 2012 6:39pm|Categories: Completed Trades - Long|Tags: |Comments Off on MPAA first target hit