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Here's another place for education;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122514121
Note: my comment in that post, "It will give you an idea how much you don't know, you don't know about trading." We all learn every day. Me included. Experience is never ending. LOL
A GAP is the difference between any days close and the next days open. Those two points in a chart candle are the candle bodies; bottom to top in a gap down or top to bottom in gap up. Not wicks.
GSAT worth a watch. Interesting but I have reservations for several reasons.
1st The double bottom comeback reached previous high in that channel up. This is a STRONG resistance level.
2nd all TA indictors bad. entry/exit in exit. StochRSI & CMF support indicator at BE out or very weak buy pressure.
3rd HUGE short position 19.4%. I wouldn't touch anything with 10% short interest or more.
The good things to watch are the up channel bottom trend line has been holding and there is some accumulation seen in the support indicators. And last Flag patterns usually come in 3's. It's on the 2nd flag.
The watch would be for price to break 2.00 interim resistance level for a small entry and 2.15 top resistance break for large entry. If that 2.15 breaks the 3rd flag target should be a sure thing to 2.30. Next resistance levels around 2.40 way back in June/July 2015.
http://www.finviz.com/quote.ashx?t=gsat
http://stockcharts.com/h-sc/ui?s=GSAT&p=D&yr=0&mn=6&dy=0&id=p60896624080
Seeing as I posting here now. Here's my TA & Charting evaluation.
Included are some trading "Rules of Thumb"
What is wanted ASAP is a reversal in the past 4 day retrace. Due to the FIBs Rule of Thumb.
The good signs are volume declining as price falls. Says trend weakening or volume would increase.
Also the support indicators being in conflict. It is showing accumulation taking place, thus saying bailing out is ending. For every sell there is a buyer. Conflict accumulation indicates a change in retail mindset. Less sell volume and still CMF buying pressure, when the other support indicator is calling to be out.
The bad is there is a gap below @ .0115 that needs fill. The gaps Rule of Thumb says 90% of common gaps fill. But usually the first in a run are left behind. So that .0115 gap IMO is a threat, but not the 2 below.
Take all my bullchit into account and I am guessing tomorrow should bounce. If not, it should bounce after the .0115 gap is filled. I'd like to NOT see FIBs 50%.
Like your signature photo. I've been walking that path myself. Seems to be never ending if you take 1 step at a time.
Not so much a penny player as I was. CDNL & FDBL just accidentally gained my interest though. Trading 1 strong watching the other.
Been following your posts. You have the best researched & logical finger on sentiment here. Problem is few posting are traders like me. My real interest is in the tic by tic action of M&Ms and TA & charts of what they produce. Based on the 300+ mil shares recently issued.
While I'm a behind the story curtain OTC player and your a in front of it one, in this case. We have both found strong potential in CDNL.
Check out some posts about creating a trading plan here;
https://docs.google.com/document/d/16qLgKSlDTPnFZOltmVHp1WLCTwe1SOE9XpWlC1vjC04/edit?pref=2&pli=1
It's a trading rule for me. When you want in, buy the ask and get in not passed by. When you want out, sell the bid, and get out not passed by.
Actually in a fast moving play; I usually place my buy order above ask, to become first in the trade queue. And sell order below the bid. I don't need every penny I can get, to feel like a winner. Any gain is a winner.
And when I make a decision, executing it quick becomes a trade priority to me. 1st in, first out. I act on my decisions. Waiting for cheaper or more is not part of my trading style. I'm a TA & charting trader. And step in and out of all plays I'm involved with. Expected the flag. Have the flag. Want the flag to end and continue it's next step up. So I posted how to stop the retrace.
Right now the retrace is between 38 & 50% FIBs retrace levels. A good place for a bounce tomorrow. Hoping
Just in case there are others interested in the Market Makers guidance of price direction in the daily trading this month. NITE is the AX, ETRF the HANDLE, with CDEL cleaning up the wood chips. They've been chasing trade volume fees since 1 cent.
That's 1st, 2nd, & 3rd, M&Ms of 9 in trading volume.
Unless all the "I LOVE CDNL" players here don't start to support it, by buying the ask. The price will continue lower. I never understand why someone who wants higher prices, loads up the lower bid stack, trying to save a few bucks at entry.
If you want in, buy in at ask. That drives price higher. And you end up getting what you want. Higher prices. As long as more try to cheap their way in, M&Ms will continue to give you what you want. Lower prices. They get the same fees closing bid as ask. And if more shares are at bid then ask they will continue to chase the price lower to get those trade fees. Basic, simple and clean.
Actually the only manipulation I've seen the past 2 weeks is M&Ms chasing volume fees. Not walls or squeezes or share swaps.
BUY the ASK ! make them chase that direction.
Monthly trade volume; http://otce.finra.org/MonthlyShareVolume
Entry CDNL and check ALL OTC in markets.
WOW TNOG, those were the days! I traded more OTC then Big boards then.
It's a completely different game at the OTC the past 2 years since the pot sector era (Which you missed) . No more HUGE 3 month runs. The days of the OTC games and darkside action have nearly disappeared. And any pennies that run now days happen over a much shorter period of time, for much less gains.
As for CDNL, it's forming it's first flag. And to date, I've seen NO darkside VC action. This leg has all been retail, manipulated by M&Ms chasing what volume fees they can get. I'm not sure if or when the VC's will be selling their 300+ mil they hold. But with all the News action the price should not die after the first flag there. If you recall any of my old teachings flip these things. Because while the runs and manipulation isn't what it use to be the odds of a penny successful company are still the same. One in a thousand ever succeed and up list to a national exchange. Long & Strong is still a losing trade style.
Would love to have you start you new venture at trading at the big boards. And remember bit by bit gains add up to large overall gains. A step by step business plan is about the only way to continue trading long term for an average guy trader. Reaching rules based planned goals over the year can be as exciting as catching that one lightning strike on the OTC. Getting on base often, creates careers. Home run hitter tend to die out quickly.
Create yearly, quarterly, weekly, goals. Have a watch & strong watch list. Divide cash available into high, mid, & low risk trading pools. Then work the plan.
KEEP an eye on RUBI. IMO it will fill it's undeserved gap in the future. $15 (support/resistance) break would be a reasonable small first position entry and $17 top resistance break, a go larger point. With a $20 target. This may take time but worth a weekly watch list to start you off.
http://stockcharts.com/h-sc/ui?s=RUBI&p=D&yr=0&mn=3&dy=0&id=p91218726442
I expect APT to retrace and create a flag pattern, filling emotion gaps to 2.10 this week. Then strong watch daily for continuation. If it breaks $2.20 top resistance, on a flag continuation, it's target is 2.40+/- for 10% from 2.10.
http://stockcharts.com/h-sc/ui?s=APT&p=D&yr=0&mn=3&dy=0&id=p57646875862
There's the beginning of a watch list.
On the OTC high risk area I like FDBL. Forming a pennant pattern with 40% of OS just issued for funding. Could see a 4 cent double if lightning strikes again.
http://stockcharts.com/h-sc/ui?s=FDBL&p=D&yr=0&mn=3&dy=0&id=p20665273763
After covering the last subjects I thought it is about time to re- post a link I feel all readers can benefit from. While I don't agree 100% with every module presented, who ever does. This site is excellent for 2 reasons. It's video based; you don't need to read a bunch of stuff, then figure out if you understand what you read, by re-reading over and over. And maybe most important, It will give you an idea how much you don't know, you don't know about trading. There are many aspects of trading one should be aware of that effects a traders long term success. Including Psychology of Trading and Money Management.
I doubt any trader uses all aspects of the info provided. But awareness of everything involved in good trading practices, will allow one to pick and choose what will help improve success. Knowledge wise.
IMO a must see video collection.
NYMT trade plan closed today 5.65 10% +/-
Up date;
CDNL should close for a 2 cent double next week. .019 Fri. had a quick there then gone .0203 high.
http://stockcharts.com/h-sc/ui?s=CDNL&p=D&yr=0&mn=3&dy=0&id=p95803907509
Found a new penny with VC's funding deals and price surge at the first rung of a ladder. Watch FDBL. looks like 125 mil or 40% of Mar 2016 OS just issued, with another 125 mil in warrants. Issue @ .0025 & warrants @ .003 They started a marketing push for their APP.
http://stockcharts.com/h-sc/ui?s=FDBL&p=D&yr=0&mn=3&dy=0&id=p34413014965
Normally accumulation says retail likes a stock and thus price should climb on any break from stall. Keep in mind this is with a free trading stock, without any OTC manipulation. When a stock is under manipulation TA & Charting is void, as any logic in price behavior. These are general rules of trading.
I use the 5,10,20 day MA (moving averages) and the DMI indicator for determining entry or exit. When the 5 day crosses the 10 day, that's an early indication of price direction change. Cross below exit cross above enter. When the 10 day crosses the 20 day, that's confirmation of price change direction. Cross below you should exit, cross above you should enter. One can use either early or confirmed indications depending on your level of risk or trading style. But using early indications often cause whipsaw and you spend more on trading fees getting in and out more often.
As for CDNL IMO it's a game play, meaning under manipulation and thus I would not use charting flag for target prices. Under manipulation runs usually last 3 to 5 days. So I watch for a red day on day 4 to 6 and exit the first red day I see. This trade style is a low risk one and I often miss some of the run, but rarely get caught in a crash dive. One can always re-enter any continuation when or if the red days reverse, when top resistance is broken on a run continuation. But if things don't turn and the darkside has sold all their share, the red just keep coming. And your stuck. I'm a FIRM believer in not holding for a comeback or expectations of more to come, until I see it. That's why I exit and re-enter rather then hold long & strong on any OTC game play.
Here's a entry / exit chart eval for LQMT.
Oh yea DMI early indications are with DI- or DI+ cross. which ever is on top is price direction. And confirmation of entry or exit is when the Black ADX turns up with the indicator on top.
up date NYMT starting 3rd flag, Target 5.60/.65
http://stockcharts.com/h-sc/ui?s=NYMT&p=D&yr=0&mn=3&dy=0&id=p07595082513
Don't count on news as fact. The share structure for this limited info pink is in flux. Seems management is playing both sides (the VC's and China partner), for their own eventual benefit. When they modified the authorized to 1 bil shares they added a poison pill blank check preferred, to keep ownership of the company no matter how outrageous the share structure changes.
Besides buy backs don't make one rich. Only look richer. It's an OTC PR trick to say buy back. Just ride the wave and get out and let the story to the company.
Holding @ 1 cent, plan is to sell half @ 2 cents and ride on other peoples money. This is not a sure thing even though the darkside did it before and there were a huge amount of shares issued recently.
It's all in the numbers and who wants gains vs who wants to invest. My GUESS 300+ mil could be for sale. But who knows how much will be sold to retail and how much held. Would be nice to see another 7 cent+ pop. But as always the run will only last till who ever selling stops. Hoping for a 5X but IMO volume interest needs to pick up from the last few day levels. That would show support by the darkside to take it big this time also and show increasing awareness by retail. Kind of slow right now. A 7 to 10x gain again needs strong emotion which I'm not seeing yet.
Just scanned for a penny with potential.
Came up with CDNL a limited info pinky. @ 1 cent after a 50% pop today. Limited info is perfect for an OTC game play!
So here's the quick look skinny.
Back in FEB they did a 10% shares issued funding deal limiting the shares issued to 9.99% of the OS, as usual. Note just before the funding the PRICE pull down to get that funding deal. They issued 21 mil and the OS still reflects that 210 mil in the reports. BUT April they just reported another funding deal with the same 9.99% restriction and it was for 51 mil shares issued. That says the OS is no longer 210 mil but 510 mil.
So reading between the lines there are 301 mil out there some where some how. With only 51 mil reported about? typical.
Next new news, a 8K post dated from way back in DEC where they report a large funding deal with a China company in trenches. God knows how many shares have gone or are being issued for that. But I'd expect it's the difference between 210 & 520mil OS, I just posted about and probably more with no way to find out.
At any rate.
CDNL has issued hundreds of millions of new shares @ least over 300 mil. And waited to release the largest deal for months until the game plan was set and now things are just starting, with the 50% pop to gain retail attention. IMO. This late news release for a huge funding deal is a typical ploy in the game. Why else didn't the tell retail back in DEC when the deal was signed. Because everything wasn't setup for the game then. IMO this pop was the game on signal! Luck to all if it runs as expected!
Remember runs don't happen if someone doesn't have shares for sale. Someone MUST feed the run !!!!! So retail can buy larger and larger amounts during the "to the moon" emotion!
From under my tinfoil hat, I sense this outfit has loads of shares for sale.
http://stockcharts.com/h-sc/ui?s=CDNL&p=D&yr=0&mn=3&dy=0&id=p72209670810
Play at your own risk. But this could be the first rung of the in & out step up OTC game play. Remember with these game plays, step in and out, as they flag up until all the shares for sale are sold. And one never knows when their all gone, till it falls like a rock. DON"T HOLD LONG !!!
Ps; end of last year they had a successful game play with 3 flags up. Odds are those shares sold were from the same China outfit. and CDNL management & them are after a second round of fleece the retail herd. LOL More shares involved this time. don't get stuck holding them. Buy & Sell the flags. Plan the trade and trade the plan. Watch for an exhaustion candle and exit on the first red day after. Especially when the 1st flag is established and you have a target to plan for.
http://stockcharts.com/h-sc/ui?s=CDNL&p=D&yr=0&mn=6&dy=0&id=p65553282314
OK for the old timers which have seen me post about my chart setups for years.
I've been interested in several stocks since returning and posting heads ups as needed. So back to LQMT which has already given 1 nice gain. But has created a chart I haven't seen very often. It made it's expected run in a flurry and since sat dead flat? DEAD FLAT on a penny ??? Not often seen!
Look at chart while reading;
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=3&dy=0&id=p26701671272
At any rate this is another HEADS UP for LQMT.
based on both my entry indicators and mainly on both my support indicators. Let me explain. The DMI has become at a perfect decision point. The 5,10,20 also has reached that decision point. All over a 1 1/2 month dead flat price. Now note during this the support indicators have been opposite. Showing buy pressure in the CMF and BE OUT in the stochastics. This conflict shows accumulation.
Basic thought, something should happen very soon to price. Retail accumulation during the wait. It has a huge positive flag which is calling for another nickel + if it runs. And phycology of the support indicators says it should.
Next we have NMM which is working and about half way through my last HEADS UP. Again check out the support indicators during this gap fill run. It says accumulation. I point this out because it's rare to see accumulation during a run. Thus enhancing the runs longevity possibly past gap fill target.
http://stockcharts.com/h-sc/ui?s=NMM&p=D&yr=0&mn=3&dy=0&id=p63304851585
If in IMO strong watch for a quick continuation past 2.50 resistance to the next resistance level at 3.20/25.
Last, I called NYMT to run. It's running And I just closed for third trade at 5.20 target. Plan the trade and trade the plan. The reason I'm mentioning this one again is not because I made another good trade, but because it is the 3rd flag and flags come in 3's. So if anyone is playing along Caution in the fact ALL indicators are still positive. Which would cause a trader not trading on a plan to hold too long.
http://stockcharts.com/h-sc/ui?s=NYMT&p=D&yr=0&mn=6&dy=0&id=p27001168732
This one I feel will be over shortly and IMO don't do the everyday mistake of holding for more after the first sign of a price run peak. Remember all my preaching about exiting on the first red day after Target is reached. Because it should head down after the 3rd flag no matter where the indicators are.
RECAP: LQMT expect 2nd target gain in the bank soon. NMM is working on 1st and expect 2nd trade gain right after. While I think NYMT will end after this 3rd target gain in the bank for me.
This whole post is about learning signals. Accumulation in the support indicators (opposing indications at the same time OR buy pressure strong; while in/out at be out, or reverse, seen in the CMF & Stochastics) says continued retail support for price direction. Accumulation shows a positive investors phycology. Flags come in 3's and continuation stops after the third. IMO 80% or more of the time.
Heads up on NMM, my dry shipping watch. Started to move and if it breaks above 1.65/ .70 into gap area; one could expect the gap to fill. For a 30% gain target.
http://stockcharts.com/h-sc/ui?s=NMM&p=D&yr=0&mn=3&dy=0&id=p32481912662
Also AGU, my agriculture watch is acting up. Worth a strong watch . Huge flag target and in the back ground the if it hits 80 it will eventually hit 120 Rule of Thumb, there.
http://stockcharts.com/h-sc/ui?s=AGU&p=D&yr=0&mn=3&dy=0&id=p09745601542
NYMT
Closed today @ 5.05 target.
Nice 15%
LQMT
Nice volume. Great price hold. Says their working and we're interested. Gaps above still waiting. Hope the manipulated move which got us in, doesn't bite our ass though.
Need darkside to continue playing, and they start selling onto the run, not just start the run and hope for retail to keep it going.
If that's the case, the darkside doesn't know the game well.
OAKS chart
Found it interesting there was an exhaustion gap. Rare so pointed it out. Check my post on gaps in sticky posts.
That's a huge flag target. I usually only expect 75% of the run with such a large flag patterns. My target would be 6.30 at best. I'd probably have a standing sell @ 6 bucks and be happy to get it.
Just how I play. Don't like fundamental margins or institutional interest. Shows poor management & few big guys playing. Expect any continuation will have less comeback emotion. It's not a stellar company.
http://www.finviz.com/quote.ashx?t=oaks
But next strong resistance is 6.50 after the 5.65 is broken. So I could be completely wrong and the 6.70 target isn't unimaginable.
First things first. Flag resistance 5.50 and strong resistance 5.65 above need to go down. Then plan on what target to sell. LOL
Someone is playing around with it. .0016 afterhours, for 1.75 mil. Only 30 trades for the day. Not looking like it has the strength to continue. IMO stronger manipulation needed. Need to catch the eyes of the retail pennyland herd.
MNZO hunch, also needs some eye catching manipulation. LOL
LQMT acting as expected. Filled 1st gap below today. Watch for flag bounce before 50% FIBs or 11 cents. Without, it may fill 1st gap which often is left behind on true comeback stocks.
Thus this is a pivot point. Bounce = continuation and turn around. No bounce means retrace to beginning eventually and odds it won't comeback.
The positives are today left a gap above, needing fill now and all TA is still positive. We'll see whether to continue watching or not, in the next 2 days IMO. But could stall and channel like pre this pop.
My re-entry points are .13 small and .15 large. This flag target; add .07 to bounce point.
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=3&dy=0&id=p05907440703
Play at your own risk.
Another heads up on NYMT flag & gap fill.
It broke top resistance today. TA went 100% positive. Looking for $5.05 flag Target. Which will complete the gap fill.
http://stockcharts.com/h-sc/ui?s=NYMT&p=D&yr=0&mn=3&dy=0&id=p94664293424
Link back for chart.
Ps; For those divvy holders Declaration due any day. Looking for 24 cent. Which would be 20% at todays closing price basis.
Here's what could happen @ LQMT Not saying it will or even I expect it yet.
3 steps up in 3 flag patterns over 3 to 6 month. Was the old OTC manipulation game. This chart shows levels one can expect to be reached if this turns into the old days. Working on the 2nd flag and note the 3rd flag is usually the largest.
Some examples of the old OTC game chart.
LQMT update answer. Yes run should continue for a total of 3 to 5 days. How high (NO IDEA) chart target reached day 1.Just like the old days at the wild west. Then price will fall !!!
Ok I now see why the stock price ran so high so fast and so large. My bad, I wasn't keeping up to date on company news. Just placed my standing order alert on the chart and waited for it to signal close.
Jan, Feb, & March they sold 128 million shares. From 7 cents to 11 cents. And as usual on the OTC, retail is now buying them in a manipulated run for profits. My 50k sold at open for +30%, Thanks.
IMO keep your finger on the sell trigger if your in. This will fall fast, when there are no more shares for sale. Feeding this run. Runs stop when funders have no more shares left to sell. It's that basic, simple and clean !
I doubt all the 127 mil are for sale. Because a large part were to private owners and company members, 23 mil. They probably will hold some for investment as something is going on with the company. Their merging some licensing with a Chinese firm. Or this push to raise capital would not happen. It is a legit company. But once funding investors get involved, quick profit runs occur.
http://ih.advfn.com/p.php?pid=nmona&article=70751197
WOW been years since I saw the old OTC game played.
PS; there is still a purchase agreement and open market offering for sale. So this may occur in the future again. There's 55 mil in offering and 300 mil in purchase agreement still to be sold.
LQMT is well worth following for the next 3 to 6 month, on the possibility of another step up run. The old days these things came in 3's. # flag steps up.
LOL yea I hit 69 FEB 6th. One day soon it won't just be a hiatus. Trouble breathing use inhaler and I still smoke. And many think I'm smart.
Gaps only count on daily charts. A gap in emotion is between one days close and the next days open.
No idea with that much emotion. But I trade on plan and my plan is sell @ .1125 so I placed my sell at open tomorrow. I hate emotion. Only closed a small entry. It ran past my larger entry point before I could place another buy order. Oh well 30% of something is better then nothing.
Thanks for the heads up.
No there is no short trade made. The ETF is a bear market 3x trade based on market direction. Market goes down FAZ goes Up..
1. There are no measuring techniques to estimate the decline, but I personally use the distance of the lower and upper trend line at the start of the rising wedge. Then subtract that from the breakdown point. Normally gives one a ball park, to watch for next reversal. It's been my experience this is a 50/50 point which sometimes reverses and sometime stalls then continue down.
2. NO Because without prior trend into the first shoulder there is no heads & shoulders pattern.
1 pix
2 pix
Keep an eye on NYMT for a possible 10 to 15% depending on flag entry point. (early higher risk @ 4.50 or lower risk @ 4.70 resistance break. I got in for a gap fill swing trade back Jan 3rd on 4.40 gap entry. Now there's a flag for some support to continue filling that emotion gap.
Trade at own risk.
INO
I don't like parma's but, this one seems to have some logic to it's emotional urges. LOL It fills gap well And TA & Charts seem to follow logic!
That said; if your in, concern is the word of the day. On a 6 month chart it's reached a resistance it did not break. This could be the last reversal prior to a negative break of a rising wedge pattern. And TA is showing all signs of this. Volume has decreased while price increased. Money flow is reclining in the CMF, with momentum seen in the ADX fall with DI+ on top.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rising_wedge_reversal
In general I only trade FAS/FAZ when the S&P is not channel trending positive. Let's see if I can explain.
I don't short. I feel that's a greedy mans way to make money and by beating a man or stock or market while it's down is unworthy of who I am. Never hit a man while he's down kind of guy.
So how does a trader make money trading in a down market. FAZ, allows me to support a rising 3x ETF in a down market. In this I don't support hurting the market I make a living at. Or the economy of the country I live in. IMO only greedy people will support beating down their countries economy for profit.
Now that I've made myself look like a better person then I am, lets see why I choose to trade FAS/FAZ in down markets.
When the S&P is climbing or stalled channeling, there are plenty of stocks that one can trade and expect a profit, if they choose correctly. But the all boats thing will pull all stocks, good and bad down together, in a bad market. So finding good stocks doesn't matter. They are pulled down with market sentiment also. Can't find a winner then.
So I watch the S&P very close. And when I see a negative chart pattern in the S&P, I normally close out my portfolio and go to the sideline, till something happens. Either the market proves the chart pattern wrong and continues up or it follows the chart pattern and reverses to the negative charts target. That's when I start trading again. If it's up, I get back into my stocks I left. If it falls, I trade FAS?FAZ.
In a down market there are two things which happen. It can walk down in a channel. Or it can dive down, often seen in a market correction. Usually the walk down channel allows one to shift from FAS to FAZ and back again during it's progression. So a trader can swing in and out of FAS?FAZ, just like one swings in and out of various stocks in a good market. In a correction what happens is your first FAZ entry is never closed till bottom is hit and it bounces past First resistance, indicating a reversal to the upside is happening.
The only difference in my trading style is I only trade FAS?FAZ in down markets. But many stocks in an up market. So during down markets I lose the ability & safety to diversity. It screws up my years business plan. But I still can make a living. Just rebalance my portfolio and keep much more cash in reserve. I am a businessman. And most always trade on plans. Be them individual charts for individual stocks or monthly, quartly, or yearly business goals. There is always a plan used.
You can check the link in the sticky post area, at this board, to read much of what I teach. BOS put together a GREAT presentation for all.
So there it is. I go to the sidelines on S&P negative chart pattern. I ONLY trade FAS?FAZ in down markets. And if it's a correction down swing. That FAS?FAZ entry is buy and hold for the bottom turn. If it's a walk down market, because of a poor economic outlook. I swing in & out of FAS?FAZ till the market starts it's comeback. In up markets I swing trade TA & Charts from most all industries. But I hate emotion and rarely get involved in BIO's or pharma; Gold, or oil. These sectors often are either manipulated or have so much emotional you can't rely on charting or technical analysis. I am a Technical trader who trades chart patterns.
NMM & AGU
Here's two I find interesting. Not only TA & Chart wise, but fundamentally and industry wise. I conceder their industries the tell/tail industries for market direction.
While everyone is always looking at oil and gold to determine the market future. For years, I've followed the dry bulk shipping industry & fertilizer or the AGI's or the agriculture chemical industry. When things are improving, more commodities ship and farmers plant more. If dry bulk rates are increasing, then things in the world are getting better. If farmers are increasing crop production. They are seeing increased demand.
And true supply & demand is NEVER seen in speculation commodities, like oil or gold.
I like dry bulk shipping & agriculture chemicals better then oil or gold mainly because there is very little speculation in the industries. THUS; less chance of the stock trend being manipulated, or a more truthful, stock trend. And better, over all outlook, for world economic direction.
In picking these, I look for the lag-er in the industry. Both industries started their seasonal up swing at new industry lows. And both of my picks show the most potential (not starting up swings yet) with positive margins. Meaning they have good management teams showing profit margins. And their competitors have already started their stock price up swing. Add to that there are positive signs in their TA & charts.
Keep in mind for the past years I've watched these industries, there is always a swing trade or two in the first Q. As a seasonal play. Farmers plant for the season and shipping commodities picks up then. Check a 5 year chart for any company in these two industries and you'll see an up trend some where between Jan and April. Worthy of swing trading.
This is not a recommendation to buy. Just two stocks I find interesting and worthy of consideration.
NMM charts;
AGU charts;
LQMT is still farting around. Still on watch for breakout.
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=3&dy=0&id=p45065827258
Also mentioned NYMT recently. The divvy play I felt was a good buying opp. It's getting less good daily. I added some to my long hold, lowering basis again. And opened a short term swing @ 4.35 gap entry point; hoping to take the possible 20% gap fill. 6% down, 14% to go, on that trade.
Never deserved that gap down in the first place. Think a big money institutional high freq robot cause it! And investors are correcting the false emotion gap now. If my guess is correct, with 1 less large institutional holder! Their out now, about 3 mil shares worth of volume that day. LOL
http://stockcharts.com/h-sc/ui?s=NYMT&p=D&yr=0&mn=3&dy=0&id=p34184800986
FAS 3x bull ETF
Note the black candle. Not an exhaustion candle, but I think the S&P has reached it's psychological limit.
Black candle by FAS traders reinforces my thought. The 3x gamblers couldn't keep it going. 3 day 10% @ FAS is fine. I'm not a greedy trader. LOL Just want my piece of the pie! MUMM that tasted good.
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p95694194581