Category Archives: General Info

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

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Two Decent Setups

US Steel (X) and Freeport McMoran (FCX) have been building bases for a few months and are poised to continue higher. Looking at the charts X offers the most upside potential and a good reward vs. risk setup with a … Continue reading

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TLT looking tired

It looks like TLT is forming a topping pattern that could breakdown in the next few days. I have a short position in TLT via TBT. My target is $106 – $104

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Next few days are key

The market has been showing strength for the past month and is reaching a critical supply level here. However, there are a few stocks that have been showing signs of accumulation and are poised for a breakout. Continue reading

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Now just manage your winning trades

Stop loss orders not only help traders minimize losses, but they also weed out the weakest stocks. In previous posts I outlined trades of oversold / mean-reversion opportunities I saw in the market. Most of them have turned out profitable … Continue reading

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Three for Four Trades

Three trades triggered this week from oversold conditions at prices where there was previous demand. Continue reading

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Some Oversold Bounces

The market continues to sell off and with that come oversold bounces. Continue reading

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Some Observations

Japan moved lower close to the $9.70 price level that served as strong support on April 7th. It seems like the “Sell in May and Go Away” play is on. Continue reading

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Are you getting feedback?

What kind of feedback are you getting?
Besides the obvious P&L in your trading, there are other metrics you can use to improve your results. For example, do you know what your winner to loser ratio is? Is it more than 3? Or less than 1? Continue reading

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Now is the time to evaluate your risk exposure.

The market is becoming more volatile as of late and with the selloff last Friday, it is time to look at your exposure in the market. Pay particular attention to how correlated your positions are and the what the aggregated risk is – both in dollar amounts and as a percentage of your portfolio.
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