Author Archives: Stock Trade Journal

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.

Automated Trading

I have been working on automating a few trading strategies that make up a comprehensive long / short trading plan. I programmed and back-tested using TradeStation with Easylanguage with focus on the ES e-mini contracts. It is a day trading … Continue reading

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DryShips holding the line

So far so good. DRYS is holding above $3.30 and appears to have the strength to continue moving higher. It found sellers above $3.55, but it looks like it could continue to move towards $4.00 in the next few days. … Continue reading

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Dryships snaps back

Dryships (DRYS) had a couple of very strong prints in the past few days that bring price above $3.40. I am keeping an eye on this level in particular as if it is able to hold, and if On Balance … Continue reading

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DBA testing breakout level wants to continue

The agriculture ETF (DBA) tested it’s breakout level around $29 and bounced back yesterday. This is a key price level that it must hold if it is to continue higher. Sellers are stepping in around $29.40 where there is more … Continue reading

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Molycorp not out of the woods yet

Today is going to be a key tell for Molycorp (MCP.) It has found support around $4.55 and it is gathering strength. Still, there are sellers around $5 who consistently step in and are keeping the stock from moving higher. … Continue reading

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Agriculture sector continues higher

The agriculture ETF (DBA) broke out of a cup and handle pattern yesterday and it continues moving higher. It looks like it may reach the $30 target soon. On balance volume is steady and rising. I am starting a position … Continue reading

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DryShips Showing signs of life again

DRYS started the week strong. Continuing today with a gap open that puts it at $3.36 where sellers are stepping in once again. I am keeping a close eye to see if it follows through tomorrow and if it is … Continue reading

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DryShips prior support becomes resistance

Not a very good omen for the bulls when a price area where there used to be demand becomes resistance. DRYS is now finding sellers above $3.15, a price where it found support for several weeks last month. A “Head … Continue reading

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Strength in Agriculture, Treasuries

While major market indexes continue to pull back, Agriculture and Treasuries continue to move higher. The PowerShares Agriculture ETF (DBA) appears to be consolidating before it continues to move higher. I think it could easily reach $30 in the near … Continue reading

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Molycorp shows some strength

Molycorp (MCP) has found strength recently and it is attempting to break to the upside. Sellers are stepping in above $5 so I am waiting for it to see if it holds above that price. If it does, a quick … Continue reading

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