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.

Molycorp shows some strength

Posted on April 10, 2014 by Stock Trade Journal

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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Molycorp trying to find support

Posted on April 2, 2014 by Stock Trade Journal

So far it has been a good day today for Molycorp (MCP) after it found support above $4.55 – which is my ultimate line in the sand. As shown by the daily chart, previous support ($4.83) has become resistance. This … Continue reading →

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Arch Coal showing some signs of life

Posted on April 2, 2014 by Stock Trade Journal

Arch Coal (ACI) has been trading in a range between around $3.70 and $4.80 for many months and it is breaking out of it. if it is able to hold above $5, then we could easily see a move to … Continue reading →

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Agriculture ETF continues higher

Posted on March 28, 2014 by Stock Trade Journal

DBA, the PowerShares agriculture ETF continues to move higher. It found support around $27.80 a last week and has been moving higher even on such a weak tape. I started a new position around $28.35 with a target of $30. … Continue reading →

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Molycorp loses momentum

Posted on March 27, 2014 by Stock Trade Journal

Looks like the bulls are leaving Molycorp (MCP) for now. I don’t have a position and won’t deploy any cash until I see where it finds solid support. It needs to hold above $4.55 to avoid triggering a monster head … Continue reading →

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Baidu finds temporary support

Posted on March 26, 2014 by Stock Trade Journal

Buyers of Baidu (BIDU) are stepping in around $155 and I am dipping my toes for a very quick trade. I have an initial target of $160 and ultimately $165 where I expect sellers to come in again. I plan … Continue reading →

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Bank of America, another failed pattern

Posted on March 25, 2014 by Stock Trade Journal

Yet another failed break out as Bank of America (BAC) gave back last week’s gains in the previous two sessions. It appears to have found support around $17.30 for now while sellers lurk around $17.60. Holding above $17.60 would be … Continue reading →

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Molycorp sellers step in

Posted on March 24, 2014 by Stock Trade Journal

On Friday, sellers pushed down shares of Molycorp (MCP) after it attempted to break to the upside from a five day pennant. It sold off quickly as sellers stepped in around $5.20. Shares are now trading below $5, but may … Continue reading →

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Molycorp getting ready to move

Posted on March 21, 2014 by Stock Trade Journal

Molycorp (MCP) has been on a pennant pattern for a few days (see 60 min chart) that could resolve today. It could move either way, so patience is key here. If it resolves up, I expect sellers to come in … Continue reading →

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Bank of America moves higher while market lowers

Posted on March 20, 2014 by Stock Trade Journal

Bank of America (BAC) tested its March 5th break out level and rallied on a weak market. This is very bullish for the stock. It printed an inverse head and shoulders pattern (5 min chart) yesterday that needs to be … Continue reading →

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