Month: July 2010

After watching this stock all week, Thursday I got my entry on SHOO. It is a scary time in the market and I have been wrong a few times and I have been right a few times. But what I try to do is stack the cards in my favor so I have a better…

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Another week on the market and we made some nice moves in the weekly charts that would make you think it is time to jump back in the water for another run. But if you dig just a little and take look closer at the daily charts, the dailies are saying you might want to…

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Remember just a post or two back when I mentioned that RGR might be setting up for a buy or uptrend? Well today that all came to screeching halt when the price bar closed below the last higher pivot low. This violated the rules, so basically we put her on the back burner and wait…

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Let’s first talk about the S&P 500 or SPY and why I have 2 charts for the same index. What I have to show you this week can only be shown or explained if you look at the weekly and Daily chart. This was a good week for the SPY and for the market overall.…

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RGR looks to be in the process of a trend reversal. I want to warn you if you decide to chase a stock before it has been confirm or shows all the right signs, that you could get caught getting in to early. You might get lucky, but it is better to stack the cards.…

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I will not be moving my monies out of the small caps this week because the price bar as of today, straddled the 50 week ma. The entire price bar has to clear the 50 week ma one side or the other and the RSI has to be above or below the 50 market to…

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As of 9:38am Monday morning, TD Ameritrade re-instated my short trade and cancelled the bogus sell order that happened last Friday. Yea, the little guy was right this time. I now have a 4.8% profit in THOR and 4.17% profit in V, which is Visa.

So Thursday morning I decided to short V(Visa) and THOR(Thoratec Corp) based on their 10 minute charts to test my new theory. The position I want to talk about is THOR. I’m still good on Visa, so there is nothing to say there. I shorted THOR at $44.54 and to make sure that I didn’t…

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Easy come, easy go, would have to be the theme for how this week ended. Monday it looked like there was a possible run up in the market ahead of us. Tuesday after a nice report from Alcoa, the market made a nice little jump. Wednesday and Thursday, it stalled and the rumbling behind the…

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What a crazy market to trade in and what a crazy market to read. One minute it is all doom and gloom and the next we are in a big rally. Makes you wonder who is pulling the strings on the trading floor. The S&P 500 was looking pretty down in the mouth when it…

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