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.

Rockwood Holdings breaks out

Posted on February 26, 2014 by Stock Trade Journal

ROC broke out yesterday through $74.55 and it is trading at fresh highs. I see a cup and handle pattern with its lowest price around $66. The possible measured move gives me a target of $83 (74.55 – 66 = … Continue reading →

Posted in General Info | Leave a comment

Baidu back to trading range

Posted on February 25, 2014 by Stock Trade Journal

Baidu (BIDU) made it back to the December / January trading range after finding support around $150. I expect it to be range bound for a while, but I find it trading and holding above $167 very encouraging. I’ll be … Continue reading →

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

DBA continues higher

Posted on February 24, 2014 by Stock Trade Journal

The PowerShares agriculture ETF (DBA) keeps on moving higher with a gap at the open today. It continues to print very large candles and displaying relative strength against the broad market and other sectors. For that reason, I took a … Continue reading →

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

DryShips stuck in trading range?

Posted on February 21, 2014 by Stock Trade Journal

It looks like Dry Ships (DRYS) is stuck in a trading range for now as it is unable to trade past $4. Price action appears to be pulling this stock lower towards $3.23. What is interesting now is that, after … Continue reading →

Posted in Trade Analysis, Trade Entries, What to Write in a Journal | Leave a comment

Agriculture ETF keeps rising

Posted on February 20, 2014 by Stock Trade Journal

The PowerShares agriculture ETF (DBA) printed another strong move yesterday that easily cut through resistance around $26.40. It closed on high volume while the broad market continued to sell. It is important to keep an eye on stocks / sectors … Continue reading →

Posted in Risk Management, Trade Analysis, What to Write in a Journal | Leave a comment

Molycorp’s On Balance Volume rising again.

Posted on February 19, 2014 by Stock Trade Journal

Molycorp (MCP) had a very strong move yesterday after touching support around $5.20 in early morning trading. You know it was a strong move when price stays within the first standard deviation and never even touches the VWAP (see 5 … Continue reading →

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

Agriculture ETF Changes Direction

Posted on February 18, 2014 by Stock Trade Journal

I am long the Agriculture ETF (DBA) as it has been trading above $25 for the past few days and had a very strong gap up move today. The weekly chart shows the ATR line signaling the change in trend … Continue reading →

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning | Leave a comment

Will Molycorp fill the gap?

Posted on February 14, 2014 by Stock Trade Journal

Very strong price action on Molycorp (MCP) today which negated a potentially bearish head and shoulder formation. It is meeting very strong selling above $5.55, but it would be a very bullish sign if it breaks above this level and … Continue reading →

Posted in General Info | Leave a comment

Colfax Monster breakout

Posted on February 14, 2014 by Stock Trade Journal

I had bought some Colfax (CFX) shares last year and it is time to sell a few today after the monster move yesterday. Taking some profits allows me to have cash on hand to either re-enter at a better price … Continue reading →

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment

Agriculture ETF may have found bottom

Posted on February 13, 2014 by Stock Trade Journal

The agriculture ETF (DBA) printed a very strong rally this month and it looks like it has found strong support around $24 This may be the start of a long term bull trend, but I need to see it trade … Continue reading →

Posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal | Leave a comment