Monthly Archives: January 2014

Junk Bonds Breaking Out

Posted on January 13, 2014 by Stock Trade Journal

The junk bond ETF (JNK) is breaking out off a trading range that started back in October last year. I am looking for a target around $42 with a stop just below $40.50 for a Reward / Risk of 4:1

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EEM Short Trade Triggered

Posted on January 10, 2014 by Stock Trade Journal

Sometimes you have to be patient for price to come back to where an entry makes sense. The MSCI Emerging Markets ETF (EEM) just offered a low risk, high reward short entry for me. As I discussed in a previous … Continue reading →

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US Dollar continues to strengthen

Posted on January 9, 2014 by Stock Trade Journal

One of my main investment themes for the year is the strengthening of the US Dollar. This thesis is based on a couple of fundamental factors coming into play this year: Fed Tapering and the US economy’s relative strength in … Continue reading →

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Baidu Holding the line

Posted on January 9, 2014 by Stock Trade Journal

Baidu (BIDU) pierced through $182 yesterday and held above the Jan 3rd highs printing a flagpole pattern. It is poised to open above $182 today which should take us closer to the $200 target. Still holding my long position with … Continue reading →

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A Short Idea- EEM

Posted on January 8, 2014 by Stock Trade Journal

Showing relative weakness for several months and a couple of bearish chart patterns, the MSCI Emerging Markets ETF (EEM) is a good short idea. Any bounce toward the $40 area most likely will be met with supply. My initial target … Continue reading →

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Scary drop in gold yesterday. CME halted for a few seconds

Posted on January 7, 2014 by Stock Trade Journal

Gold prices dropped very fast for a few seconds yesterday morning – about $30 per once- to the point that the CME halted trading for about 10 seconds (From CNBC Reuters.) The spike lower can be appreciated on the 1 … Continue reading →

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Citigroup is next

Posted on January 6, 2014 by Stock Trade Journal

Citigroup (C) is trying to break out above $54 following the lead of other banks. It had a very strong day Friday and it is supported by the relative strength in the financial group. The prices in the chart indicate … Continue reading →

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Strength in a weak market

Posted on January 3, 2014 by Stock Trade Journal

Nobody likes it when the markets takes a tumble like yesterday (Except the bears of course) But among the weakness, you can easily spot the stronger stocks and focus your long position. The bubble map from finviz.com below shows clearly … Continue reading →

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Dicks Sporting Goods Tests and is moving higher

Posted on January 2, 2014 by Stock Trade Journal

DKS Reversed hard at the end of December to test its previous break out price around $54 a couple of times, but it held and it is now moving higher. We’ll see if sellers still come in around $58.40 where … Continue reading →

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