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Category Archives: Trade Analysis
Goldman Sachs another example of consolidation
Goldman Sachs (GS) has been in a trading range since May. The trend is still up. A decisive break above $169.50 could take this stock to $195 easily. Patience is key in these cases because the market is showing signs … Continue reading
Dicks Sporting Goods trying to break out
DKS is trying to break out of a trading range that started back in April last year. Keeping an eye out on this one as it may fail to set all time highs once again. I plan to wait for … Continue reading
Japan ETF up against resistance
The iShares MSCI Japan ETF (EWJ) has been struggling to get past $12.30 since June this year. The trend is still solidly upward as seen in the daily and weekly charts. It is another example of stocks that will soon … Continue reading
Utilities ETF uptrend still intact
The Spider Utilities ETF (XLU) has recently pulled back and it is stuck in a triangle pattern. The 200 and 50 DMAs are still trending higher. Considerable supply came in at $41 back in in May with all the “Taper … Continue reading
GM Consolidating at Top
The chart for General Motors (GM) shows an amazing two year run that is taking a pause near its all time highs (for the new GM that is.) The company reported strong sales a couple of days ago, still it … Continue reading
Russell (IWM) approaching support
The Russell 2000 index ETF (IWM) is approaching a strong support level just below $108 where a well defined weekly trend line and the September trading range meet. This is usually a good short term trade entry point and one … Continue reading
Citygroup’s chart shows great potential
Citigroup has been stuck in a trading range since April this year. It encountered resistance around $50 back in August 2008, April 2010 and January 2011. What is interesting on the chart this time is that the 200 DMA has … Continue reading
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
Posted in General Info, Trade Analysis, Trade Planning
Tagged Trade Planning, trading journal
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A Couple of Setups
With all the news out of Europe, the market is having a hard time finding direction. I am currently looking at GLD and SLV as their price action is forming clear patterns that are about to resolve one way or another. Continue reading
Posted in Trade Analysis, Trade Planning
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Think Nimble
The price expansion continues as shown by the ATR line. The key here has been to stay nimble -even intraday- and to establish positions once a trend is establish for the day. Continue reading
Posted in Trade Analysis, Trade Entries, Trade Planning
Tagged journal, stock market, trading
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