-
Archives
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- January 2012
- December 2011
- November 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- February 2011
- January 2011
- December 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
-
Meta
Author Archives: Stock Trade Journal
US Steel Holding Its Gains
US Steel (X) broke out November 4th and has been holding its gains for six trading days. It appears to be building a “Cup and Handle” bullish pattern with an upside target of $33 and change. The chart shows an … Continue reading
Goldman Sachs another example of consolidation
Goldman Sachs (GS) has been in a trading range since May. The trend is still up. A decisive break above $169.50 could take this stock to $195 easily. Patience is key in these cases because the market is showing signs … Continue reading
Dicks Sporting Goods trying to break out
DKS is trying to break out of a trading range that started back in April last year. Keeping an eye out on this one as it may fail to set all time highs once again. I plan to wait for … Continue reading
Japan ETF up against resistance
The iShares MSCI Japan ETF (EWJ) has been struggling to get past $12.30 since June this year. The trend is still solidly upward as seen in the daily and weekly charts. It is another example of stocks that will soon … Continue reading
Utilities ETF uptrend still intact
The Spider Utilities ETF (XLU) has recently pulled back and it is stuck in a triangle pattern. The 200 and 50 DMAs are still trending higher. Considerable supply came in at $41 back in in May with all the “Taper … Continue reading
GM Consolidating at Top
The chart for General Motors (GM) shows an amazing two year run that is taking a pause near its all time highs (for the new GM that is.) The company reported strong sales a couple of days ago, still it … Continue reading
Russell (IWM) approaching support
The Russell 2000 index ETF (IWM) is approaching a strong support level just below $108 where a well defined weekly trend line and the September trading range meet. This is usually a good short term trade entry point and one … Continue reading
Citygroup’s chart shows great potential
Citigroup has been stuck in a trading range since April this year. It encountered resistance around $50 back in August 2008, April 2010 and January 2011. What is interesting on the chart this time is that the 200 DMA has … Continue reading
BTU Pebody Energy Showing Signs of Life Again
After a huge drop that lasted over two years, Pebody Energy (BTU) is beginning to show signs the sell off may be over. However, it reached a price range where it had been stuck before for months ($18.55 – $19.45) … Continue reading
Posted in General Info
Leave a comment
United States Steel Consolidating
US Steel has been showing momentum for the past month or so. I see in the charts that it has the potential to keep moving higher, perhaps all the way to $40 if it is able to clear some resistance … Continue reading
Posted in General Info
Leave a comment
