Trading
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...
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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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...
Unemployment Rate Has Nothing To Do With S&P-500
Logic tells us that if unemployment had a direct bearing on the market, the $SPX would be closer to 600 than all time highs. I don’t like it, because it means that beyond the grandstanding, the government really has no incentive to let the free market create jobs. More...
What A Week!
The firework show definitely started early on Wall Street this week. What made the $INDU gain over 650 points in a week? Why is gold pulling back? Will the dollar strengthen now? Will the $SPX hit a new high? Are the markets being manipulated on this low volume?
These are More...
Is This How You’re Feeling?
Between Greece and Bernanke this week, I think traders are ready to pull their hair out. Good thing we don’t trade on our feelings! The Simply 5% Trading System has been short on the TNA Daily since May 13 around $84. It’s now trading around $74. More...
Looking Back
In revisiting the past spreadsheets, I would like you to focus on the Daily signals. It is clear that this down move was no surprise to people using the Simply 5% System. The transition was between May 7 and May 14. The Daily showed you the trend, which was down. More...
15 Min – BIDU
I mentioned this Short-Trade for Monday over the weekend . . .
this Signal was given by our Simply 5% Stock Trading System.
WoW! . . a nice 1-day double!
