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.

Celgene Continues Higher

Celgene Corporation (CELG) broke out last Friday and today it is continuing to move higher. It is setting new 52 week highs with this move. I want to participate on this move with a stop just below $160 and letting … Continue reading

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Bank of America Continues Higher

BAC had a strong day yesterday that confirmed the break out last Tuesday along with the financial sector. I don’t see any significant supply in the chart until about $16.80 or so with my ultimate target of $20. Keeping my … Continue reading

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More upside for CME today

CME Group continues to move up this morning, reversing bearish trading action yesterday afternoon. It shows how hard it is to be short this market. Specially the financial sector.

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GM DKS Update

GM’s stock price broke out off a long trading range last week and met some resistance just above $39. The jury is still out on the breakout since price is still holding above $38. The next couple of days will … Continue reading

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Bank of America Breaking Out

Bank of America (BAC) is breaking out off a trading range that started back in July. While there is some supply ahead and possible choppy trading action, it has the possibility to move to $20. It is currently trading at … Continue reading

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IWM Target Reached

In a previous post I presented the case for entering a counter intuitive-trade in the IWM ETF. The price target for that trade was reached (not exactly $3.50 but close enough) today for a gain of $3.42 per share. It … Continue reading

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Check Pt. Software

Check Point Software Technology (CHKP) is displaying a bullish cup and handle weekly pattern. If the stock breaks above $65 and change -its all time highs- then the stock could have a measured move to $90. Keeping an eye out … Continue reading

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DKS, GM Moving Higher

DKS moved up decisively yesterday on higher volume. For the trade to continue to work, it must remain above $54.40. GM also moved past recent resistance around $38 which needs to hold . It is facing supply between $39-$40 reached … Continue reading

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CME Group looks like it wants to go higher

The CME Group stock (CME) showing signs of strength and looks like prices want to move higher. It has been consolidating for about four months and it is reaching the top of the range again at around $78.50. The upside … Continue reading

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Metlife showing signs of life!

Metlife (MET) bounced of the 50 DMA last Friday on heavy volume. It has been trying to move above strong supply around $50 since august. A bull flag pattern is forming on the 60 min chart that can help me … Continue reading

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