Monthly Archives: February 2014

Colfax Monster breakout

Posted on February 14, 2014 by Stock Trade Journal

I had bought some Colfax (CFX) shares last year and it is time to sell a few today after the monster move yesterday. Taking some profits allows me to have cash on hand to either re-enter at a better price … Continue reading →

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Agriculture ETF may have found bottom

Posted on February 13, 2014 by Stock Trade Journal

The agriculture ETF (DBA) printed a very strong rally this month and it looks like it has found strong support around $24 This may be the start of a long term bull trend, but I need to see it trade … Continue reading →

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Russel 2000 reaching key resistance

Posted on February 12, 2014 by Stock Trade Journal

The Russel 2000 ETF (IWM) is approaching a key level of resistance marked by its broken trend line and the $113.50 price tops of late November and January. It has been lagging the QQQ and SPY in recent weeks which … Continue reading →

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DryShips ganing strength

Posted on February 11, 2014 by Stock Trade Journal

DryShips (DRYS) found support around $3.20 and has been moving higher for the past few days. There are sellers coming in at $3.70 at the moment which is preventing a gap fill from the sharp drop on January 24th. I … Continue reading →

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Molycorp back at long term support

Posted on February 10, 2014 by Stock Trade Journal

Molycorp (MCP) gave back all of the gains it racked at the beginning of the year. It retraced all the way back to $4.55 where it has found strong support in the past. After Friday’s bounce, resistance is looming around … Continue reading →

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Bank of America holding up well

Posted on February 6, 2014 by Stock Trade Journal

Bank of America (BAC) has been holding up well compered to the overall market and the financial sector in general. It is important to pay attention to the leaders in sectors that are under pressure and focus on those stocks … Continue reading →

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Short target reached. Emerging Markets

Posted on February 4, 2014 by Stock Trade Journal

The final target for my short position on the Emerging Markets was reached yesterday. I closed my position on the EUM (Short EEM ETF.) We’ll now have to see if the EEM finds price stability around this level of support.

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Nibbling DRYS

Posted on February 3, 2014 by Stock Trade Journal

I bought a smaller than usual position in Dry Ships (DRYS) last week as it seems to have found support around $3.23. It is easy to define risk here as the stop will trigger just below $3.10 and my initial … Continue reading →

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