Wednesday Update: Tale Of Two Triangles

Excuse my indulgence into some esoteric market analysis, but sometimes the geometry is just so perfect it cannot be ignored. Below are charts of two, year-to-date market indices; the narrow Dow Jones Industrial Average and a much broader New York Stock Exchange Composite.  The objects of my affection are the [Read more...]

Weekend Update: A Lesson In Gold From The Hedge Fund

Gold is up about 10% since early January. It’s Daily Trend Model is Long, indication an Intermediate Term rising trend. Gold’s Weekly Trend Model remains Short, indication that the bear market that started in 2011 and has crushed the price of gold 40% from it’s highs, is still in force. [Read more...]

Thursday Update: Focus On ISIS

This is being sent out early today because it looks like ISIS is about to trigger a Sell Signal. If so (a close below 30.50), I will be buying the Oct $30 puts, currently trading at between 3.60 and 4.30. That is a wide spread, but ISIS has a habit [Read more...]

Wednesday Update: Three Trade Set-Ups

As the stock price approaches it’s trend line there are two potential outcomes; it will either break through or bounce, the former being a Sell Signal and the latter being a Buy Signal (or an Add-on to existing Longs). All three of the stocks below are flirting with their trend [Read more...]

Weekend Update: Trading Table Tutorial

This is a review of the heart of this service, the Trading Tables. Even if you have been with me from the beginning this should provide useful. It’s both comprehensive and to the point.

Headings

 

Descriptions 

There are three time frames and one sector grouping covered in the service: [Read more...]

Wednesday Update: July 4th Looms

There are now only 5.5 trading days until the July 4th holiday (July 3rd is only 1/2 day). Normally, we could be coasting into the holiday with quiet trading. Looking at world headlines, it seems that anything can shake loose at any time that could have a dramatic effect on [Read more...]

Tuesday Update: Two New Buy Signals

At the close today, the following Intermediate Term Buy Signals were triggered:

FB reversed to Long

New reversal level: $60.00

Recommended Option: Sep $60 Call @ $5.80

YHOO reversed to Long

New reversal level: $30.00

Suggestion Option: Aug $35 Calls @ $3.00

FB

YHOO

 

TREND MODELS

6.10
 
 
 
 
About [Read more...]

Monday Update: Two New Trades

Earlier today I sent out an Interim Alert on Apple Computer (AAPL) as it’s post seven-to-one stock split propelled the stock higher. Two very strong historical precedents have now kicked in:

Wave 5 Buy Signal

The weekly chart below reflects a very persuasive Wave 5 Buy Signal on the Long [Read more...]

Monday Update: Trend Line Support & Resistance

Our trend lines are always found on the counter-trend side of price movement. In other words, if the stock is in an uptrend, the trend line is below price and if the stock is in a down trend, the trend line is above price. Any movement of price toward the [Read more...]

Weekend Update: Strategy For An Up Market

The past few months of Weekend Updates have been highlighting various bearish indicators that as a whole suggest a major stock market top is in the making. However that is not yet a done deal. Market indicators as well as practitioners espousing various interpretations of those indicators can be wrong. [Read more...]