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.

Baidu Fails Again

I was stopped out of my position on Baidu (BIDU) as it first failed to hold above $180 and subsequently broke down below $167 invalidating the inverse head and shoulders pattern. It is set to open a bit higher today, … Continue reading

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Baidu Stuck in Range

Seems like Baidu (BIDU) needs to gather more strength before moving higher. It is set to open just above $180 today, but it remains to be seen if it is able to hold that level. For now $176 is acting … Continue reading

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Bank of America Continues Higher

Bank of America (BAC) broke out from a triangle pattern last Tuesday with a very strong follow through Wednesday. It pulled back a bit Friday but held above $17.20 that was prior resistance in January. I expect some consolidation to … Continue reading

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Baidu Back to the Top

Baidu (BIDU) reached new highs today again after a great rally yesterday. It is pulling back as it found new sellers around $190. It now needs to hold above $184 to confirm the inverse head and shoulder pattern that yields … Continue reading

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DryShips Continues, Bank of America Breaks Out

I added to my DryShips (DRYS) position as new support is defined around $3.90. Next level where it might find sellers is $4.50. It is trading above $4.30 pre-market setting up for a gap open. Bank of America rallied strong … Continue reading

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DryShips Rallies

DryShips (DRYS) gaped and rallied higher yesterday to trade above $3.90, where it had been rejected last month. It is set to open above $4 today where potential sellers await. I am preparing to add to my position if it … Continue reading

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Baidu back in the range

My order to buy a few shares of BIDU finally got filled below the bottom of the range it has been trading since mid February. It needs to trade and stay above $175 before it can move to new highs. … Continue reading

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DBA Target reached

DBA reached my target on Friday and I decided to close my position to raise cash. I expect it to consolidate, and maybe pull back a bit here. Besides, the situation in Ukraine is unsettling the markets and I want … Continue reading

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Baidu back up to previous highs!

Baidu (BIDU) broke out off an eight day trading range and moved back up to last year’s highs yesterday. It hit my trigger price around $169 at the bottom of the trading range last Tuesday, but somehow I didn’t get … Continue reading

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DBA rises, ANFI drops

The agriculture ETF continues to defy gravity and it is fast approaching my initial target of $28. The last down day was back in Feb. 6th. In the mean time, Amira Nature Foods (ANFI) fell hard the last couple of … Continue reading

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