Long Trade Ideas Category Updated

In order to update the Long Trade Ideas category, the following trades have been removed: P (Pandora Media): Moved up to the first resistance level (R1) following the wedge breakout then made a large, earnings induced gap down below both the entry price as well as any reasonable stop (none suggested).  click here to view the live, annotated chart of P NOV (National Oilwell Varco Inc): Exceeded the suggested stop of a 3:1 R/R to any of the price targets. NOV still looks to be pounding out a likely bottom so for those that gave the position a little room, consider [...]

2015-03-02T17:00:00+00:00Mar 2, 2015 4:53pm|Categories: Completed Trades - Long|Tags: , |Comments Off on Long Trade Ideas Category Updated

NOV Trade Update + Objective Add-on or New Entry

NOV 60 minute Jan 21st NOV (National Oilwell Varco Inc) was one of the energy sector bounce candidates from Jan 13th and looks even better today after clearing this minor horizontal resistance level. T1 & T2 are the current bounce targets with additional targets to be added depending on how crude trades going forward. With today's breakout, NOV offers an objective add-on or new long entry. Consider a stop calculated on an R/R of 3:1 or better depending on your average entry price. Current & potential price targets are listed on this 60 minute chart with the exact suggested [...]

2017-03-08T21:20:41+00:00Jan 21, 2015 10:05am|Categories: Completed Trades - Long|Tags: |Comments Off on NOV Trade Update + Objective Add-on or New Entry

Peak Oil vs. Oil Glut

The longer that I trade & invest, the more it seems like I'm watching the same movie played over & over every few years. It's the never ending cycle of booms & busts and if I were to categorize the genre of movies that I'm watching, I'd have to lean more towards labeling them as comedies vs. dramas. The comedic part is the infallible repetitive nature of the general public, the mainstream media and, of course, the part played by the puppeteers pulling the strings. Funny to see how bearish the most recent headlines are AFTER crude has plunged nearly 60% [...]

2017-03-08T21:20:41+00:00Jan 13, 2015 1:15pm|Categories: Completed Trades - Long, Gold & Commodities, Long-Term Trades- Completed|Tags: , , , , , , |Comments Off on Peak Oil vs. Oil Glut