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Category Archives: Trade Planning
Visa Confirms Break
Visa (V) is following through on its break out today as it moves above $207.On Balance Volume shows that there is accumulation of this stock. An entry here with a stop just below $206 offers a good Reward / Risk
GM continues
General Motors continues its ascent. It provided an opportunity to add more around $40 last Friday just before it ripped higher. This morning it continues to move higher as it breaks out of a “Flag Pole” type pattern despite the … Continue reading
Will Goldman Sachs ever break out?
Goldman Sachs (GS) is trying to break out today again. It keeps failing around $172 but the charts show high probability it will succeed. In addition to the wedge, there is an inverse head and shoulders pattern that formed in … Continue reading
Gold looks very weak
Gold prices look like they want to keep going down and $1000 is acting as a magnet. Looking at the GLD ETF there is a “Head and Shoulders” pattern that is currently in play and was confirmed on Dec. 10th … Continue reading
Baidu Holding the Line
So far Baidu (BIDU) is holding the line and offering a good entry point. Sure the break out pattern can fail and the stock go lower, but it is easy to define risk in this situation. Buying here around $170 … Continue reading
Buying the dip
One of the scariest trades, but one that is high probability, high reward, low risk is buying into a pullback to strong support. I am buying the SPY as it pulls back today to the price area between $178 – … Continue reading
Mastercard on Fire. Is Visa Next?
Mastercard broke out today with a strong move. Visa tried to break out too, but failed to gain any momentum in a week market today. It is trading in a tight range for about a month with resistance coming in … Continue reading
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
Posted in Trade Analysis, Trade Entries, Trade Planning
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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
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
