Monthly Archives: January 2014

Buying fear

The market is set for a gap open lower this morning after disappointing earnings reports from Amazon and Google last night. I would like to take a quick trade this morning. Gap opens into support often reverse within the first … Continue reading

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Baidu heading towards support

Baidu (BIDU) shares look like they are headed towards support area around $154 -$150. I am keeping my eye out for a bounce there, but it may ultimately retreat to $140 in the short term. On Balance Volume is still … Continue reading

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Dryships back in trading range

Dryships is back in the trading range that started in October last year and might have found support around $3.23 yesterday. The ATR trailing stop is still keeping me in the trade and it would have to close below $3 … Continue reading

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Many stops triggered, but short EEM working

I’ve written a few times in my journal that a good way to mitigate risk is to hedge long positions by shorting the weakest markets. A few of my stop loss orders were triggered during this down turn and made … Continue reading

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Molycorp triggered a buy

I entered a position on Molycorp (MCP) at $5.16. It paid off to patiently wait for price to come down after the huge run it had at the beginning of the year. I am setting a stop just below $5 … Continue reading

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Colfax Continues Higher

Colfax (CFX) hasn’t stop moving higher after breaking out from a year long trading range in 2012. It had a very strong move on Jan 14th after consolidating for a few days during the holidays and it is poised to … Continue reading

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Taking some profits in Visa

After the incredible run last Friday in Visa (V) and the gap open today, I decided to book some profits by selling a portion of my position around $234. I’ll let the rest ride with the protective ATR trailing stop. … Continue reading

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Baidu reaching support. Will it hold?

Baidu (BIDU) has had a pretty bad week so far after failing to break out last week. Sellers have consistently come in above $180 preventing the stock to move higher. Baidu is now approaching $170 – $165 where it has … Continue reading

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Bank of America continuing higher today

Bank of America (BAC) is set to open higher today and continue its ascent. It is a classic stair step pattern where it consolidates after a break out only to regain momentum and continue its way up. I’ve been involved … Continue reading

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Dryships approaching support.

Dryships (DRYS) is approaching an area of demand around $3.60 – $3.50 where I would like to buy some shares. After the parabolic move at the end of December, it was only natural to have a correction. It has given … Continue reading

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