Category Archives: Risk Management

Rockwood Holdings tests and moving higher

Posted on December 6, 2013 by Stock Trade Journal

Rockwood Holdings (ROC) pulled back to test its break out level and it is continuing to move higher today. I have written several times in my trading journal how this kind of pull back followed by a strong continuation in … Continue reading →

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TLT Watch out below!!!

Posted on December 4, 2013 by Stock Trade Journal

The 20yr Treasury ETF shows some serious signs of weakness. It looks like it wants to break support around $102. If it does, it probably won’t stop descending until around $95 and ultimately $90. With a stop above $104 I … Continue reading →

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IWM Again

Posted on December 3, 2013 by Stock Trade Journal

IWM is approaching a level of support that sets up a low risk trade. I expect the ETF to find demand around $111.42- $111.45 where I defined my entry with a tight stop just below it. The target is $114 … Continue reading →

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Baidu Showing Strength

Posted on November 27, 2013 by Stock Trade Journal

Like other stocks in China, Baidu (BIDU) is showing strength and it is attempting to break past its previous highs around $170. The charts show strong demand in the $150 area as it builds the “handle” of a cup and … Continue reading →

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Goldman Sachs Will It Break

Posted on November 26, 2013 by Stock Trade Journal

Goldman Sachs (GS) is attempting to break out again today. It has been trying to move above $170 since June and it looks like it might be able to do it today. I’m keeping an eye as it could move … Continue reading →

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Celgene Continues Higher

Posted on November 25, 2013 by Stock Trade Journal

Celgene Corporation (CELG) broke out last Friday and today it is continuing to move higher. It is setting new 52 week highs with this move. I want to participate on this move with a stop just below $160 and letting … Continue reading →

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Bank of America Continues Higher

Posted on November 22, 2013 by Stock Trade Journal

BAC had a strong day yesterday that confirmed the break out last Tuesday along with the financial sector. I don’t see any significant supply in the chart until about $16.80 or so with my ultimate target of $20. Keeping my … Continue reading →

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More upside for CME today

Posted on November 21, 2013 by Stock Trade Journal

CME Group continues to move up this morning, reversing bearish trading action yesterday afternoon. It shows how hard it is to be short this market. Specially the financial sector.

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GM DKS Update

Posted on November 20, 2013 by Stock Trade Journal

GM’s stock price broke out off a long trading range last week and met some resistance just above $39. The jury is still out on the breakout since price is still holding above $38. The next couple of days will … Continue reading →

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Bank of America Breaking Out

Posted on November 19, 2013 by Stock Trade Journal

Bank of America (BAC) is breaking out off a trading range that started back in July. While there is some supply ahead and possible choppy trading action, it has the possibility to move to $20. It is currently trading at … Continue reading →

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