If It Looks Like a Top
it may be a good time to Bank Big Profits from my Stock Picks in my previous post of Dec-15. Most of those have risen dramatically from my call to Buy them .. and my Member Charts are really showing the Market to be Over-Bought and ready More...
Longer-Term Stock Picks
I really like these companies to Buy in your longer-term account(s) . . . they give you good promise of price appreciation as well as income through dividends. These are great companies with good probable 2012 fundamentals as well as a strong history of increasing dividends. Be sure to check More...
What did I say
Just looking back on some of my recent posts . . . specifically from November-9th and November-8th.
November-8th I spoke of that Diamond Formation that developed . . . and that a breakout Up or Down would cause it to enter a new Channel More...
Long-Term Head and Shoulders
Using the NYSE Index to look at the action of a broad sampling of stocks, we can see a 12-year Head and Shoulders plus MegaPhone formation. A break and hold above the Green Lines would be very Bullish . . . a break and hold below the Blue line would More...
an Obvious Choice
The Commentary and Chart I posted about yesterday sure came to fruition quickly . . . and the winner is . . . Down. The Diamond pattern was broken to the Down-side today . . . look out for a move Up soon to retest the breakout level .. where More...
Next Trend Indicator — a Diamond
The SPY (and S&P-500 Index) has currently completed a Diamond Pattern. Whichever way she breaks out of the focal point (yellow area), a new channel will be formed .. Up or Down.
Nice Ride!
Here are charts from the Simply 5% System . . . the same charts we posted two weeks ago that said “Bear Flags Everywhere.”
See what happened after our Bearish forecasts:
Near-Term Stock Market Trading Plan
A new Trading Plan has become apparent . . . following this should help you Profit during these turbulent times.
Trading Commentary
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After today’s probably Down Open (Monday, 9-12), I am
Bear Flags Everywhere
There has been a lot of chop this week. But all the chop is producing is one big bear flag on the indices. Not much in the Simply 5% System tells us to be long, except for Gold. This is fine because it’s just as easy to make money going More...
Murky Waters
There has been a big change in the intraday charts, but daily charts remain on a sell. There is no way to know how Hurricane Irene will impact the markets on Monday. Most of the time a pilot can not see what lies ahead in his path. He maneuvers a More...
Some Very Bearish Tones
There are some Strong Signs that are pointing to a Down Market over the next Month or more . . but it may not happen all at once.
Premium Members, continue reading this post below with Charts and more detailed Commentary.
Trading Commentary
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Louise Yamada Speaks
If you are not acquainted with the name Louise Yamada, let us introduce you. Here is a brief bio:
Louise Yamada is Managing Director of Louise Yamada Technical Research Advisors (LYA) founded October 2005. Previously Louise was Managing Director and Head of Technical Research for Smith Barney (Citigroup). Louise has More...
QQQ Option Pick
Here is the latest Trade from OptionSmart‘s Virtual Hedge Fund Alert:
Day Limit Order Open Bull Debit Call Spread BTO QQQ Oct (10/21/2011) 47 C STO QQQ Oct (10/21/2011) 50 C Debit 2.20 or less Target Credit 3.00 or more
I would wait for a turn Up in QQQ More...
Now What?
The market has gotten a bounce, but as you can see from the spreadsheet, the ETFs are saying CASH is a position. And while the 60 and 30 minute stocks are on a buy signal, they are barely on a buy. So caution is warranted until we see what Monday More...
American Scary
Many traders were a little unnerved this week and the regular Joe is probably freaking out this weekend. Big, but expected news this morning with the US debt downgraded. China is also flexing it’s muscle today in the news, letting the US know that enough is enough. However, if More...
a very easy little Stock Trading System
A Stock Trading System does not have to be some over-burdened, complex algorithmic rats-nest of indicators . . . it is often the simplest set of rules that work just fine .. as long as the set of rules contain good money management principals. Most indicators are actually measuring the More...
No Surprise Here
Everything is Down in the Short-Term but lots are still Hold Uppers in the Medium-Term:
Head and Shoulders anyone
With the Bearish mood in the Markets as we all await the Debt Ceiling Result, it is a good time to step back and see what the Bigger Picture looks like.
Oh My !! . . . a longer-term Head and Shoulders pattern . . . read my Annotated More...
Chess or Checkers?
When you play chess, you have to think a few moves ahead and have contingencies based on possible moves your opponent might make. Your mind must go through the process of: “If he does this, then I’ll do that …. but if he does that, then I’ll do this.” It More...
Watching BIDU
We have an interesting chart with BIDU. Not only does it trend well with the Simply 5% System, which makes it very profitable to trade; it is near it’s all time high. Earnings is July 23. So it may run up to resistance around 155 into earnings. In fact, the More...
