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Shout Out to My MA, Moving Averages
From Chartly, 2 year ago, Read 0 times. Similar articles
First of all I would like to thank Chart.ly for their service and for a chance to blog with them. I am akoptiontrader or AKOT. I trade primarily with technical analysis, specificallyly candlestick charts, and mostly on Prophet charts. However, I also use internals, market sentiment, history, basic, very basic fundamentals and common sense, the latter of which is my downfall. I have learned common sense has no place in the stock market, that’s why I like charts.
I get a lot of questions on...
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Momo Chart of the Day: Caterpillar CAT
From Chartly, 2 year ago, Read 0 times. Similar articles
We wouldn’t normally think of Caterpillar $CAT as being a momentum stock, but boy has it shown flashes of it the last few days. @johnsontrading gives us the setup here, pointing out that $CAT has broken through a significant level of resistance on good volume. Yesterday saw the beginning of a consolidation period, and possibly the formation of a flag leading to higher prices.
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Howie's All Time Highs: Human Genome Sciences HGSI
From Chartly, 2 year ago, Read 0 times. Similar articles
It’s biotech week on the all-time high list and this bubble darling of 1999 is back, Human Genone Sciences $HGSI.
Not much here that the picture does not tell you. If you use money management and remember how volatile these stocks can be in both directions, than you can invest and trade these names in the direction of the trend.
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower. ? William
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Chart.ly Chart of the Day: RINO
From Chartly, 2 year ago, Read 0 times. Similar articles
Today on Chart.ly Chart of the Day we take a look at $RINO with @szaman. We’re seeing a very interesting pattern here in $RINO, each time setting up above the 50 day moving average. After breaking each down trend line, we’ve seen a retest of that line followed by a powerful move to the upside. Keep this one on your watch list and look for the breakout.
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Chart.ly Chart of the Day: Amylin Pharmaceuticals AMLN
From Chartly, 2 year ago, Read 0 times. Similar articles
Today on the Chart.ly Chart of the Day we take a look at Amylin Pharmaceuticals $AMLN with @stt2318. Amylin broke out of this multi month basing pattern today as rotation continued back into the healthcare sector. Many of these stocks have yet to really take off and could be the target of traders as tech takes a rest. Longer term traders can enter a long position here with a stop below 13.50.
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Momo Chart of the Day: Magna International MGA
From Chartly, 2 year ago, Read 0 times. Similar articles
This Canadian auto parts supplier is flying. Magna International $MGA is putting in a very tight bull flag on decreasing volume, exactly what we like to see before another high momentum push to the upside. Wait for those overbought RSI readings to be worked off and step into this fat pitch from @traderstewie.
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Howie's All Time Highs: Dendreon DNDN
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My Daughter Rachel and I like eating Chinese together at PF Chang’s. We share the Dan Dan Noodles.
Everytime I see biotech dendreon on the new high list with it’s ticker symbol $DNDN, I think of Dan Dan Noodles.
I shy away from biotech and Chinese stocks as just a principal, but this market has been a perfect storm for both small cap chinese sticks and small biotech stocks. As money seeps into the developing world, people want to live longer and the biotech space is a...
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Momo Chart of the Day: Solarfun SOLF
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DE JAVU ALL OVER AGAIN
From Chartly, 2 year ago, Read 0 times. Similar articles
The homebuilders have that shipper/nat gas feel before they went on a short term run. What I mean is this: there was picture going around in financial sites showing ships parked in the middle of an ocean because business was slow. You would think that the obvious would happen: shipping stocks would plummet, but they didn't. Conversely they stabilized, went higher, and there was a trade to be had on the long side.
On November 30, 2009, Bloomberg released this article...
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Chart.ly Chart of the Day: Chipotle CMG
From Chartly, 2 year ago, Read 0 times. Similar articles
Today on the Chart.ly Chart of the Day we take a look at Chipotle Mexican Grill $CMG with @RaginCajun. A nice base has formed in Chipotle over the six months or so, and we’re now starting to see the momentum pick up. The ascending triangle seen on the chart was broken last week setting up a nice bull flag. Look for the 97$ level to be broken on the upside for a long entry.
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