Category Archives: Trade Analysis

Baidu break out follows through

Baidu (BIDU) followed through its break out yesterday with a strong move to the upside. Now any pullback to around $176 is a buying opportunity. The internet sector in general is showing relative strength which increases the probability for this … Continue reading

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Baidu Holding the line

Baidu (BIDU) is holding the line on very choppy action. Prices do show that there is momentum to the upside with the large opening candles (15 min chart.) Strong support came in around $170 yesterday and it is holding above … Continue reading

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Baidu Breaking Out

BIDU is finally breaking past $170 with conviction this morning. A follow through confirmation tomorrow would be ideal as the chart shows a lot of chop since august. Again, an ATR based trailing stop in this case is my preferred … Continue reading

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GM Flolowing Through

General Motors (GM) following through with its break out above $40. I’m long this stock with an ATR based trailing stop. In the weekly chart, the ATR in resent months is around $2. My trailing stop is then placed at … Continue reading

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Colfax Continues its ascent

Colfax Corporation (CFX) is breaking out of a trading range today. It is another example of a stock reaching new highs. Got involved earlier in the day with a stop below $59 and an initial target above $63 for a … Continue reading

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Rockwood Holdings tests and moving higher

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!!!

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

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

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

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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