tag:blogger.com,1999:blog-24786515234843571622024-02-07T22:29:41.879-08:00congamike on stocksThis blog is a place for one starving man to document his quest for lunch money and a multi-million dollar retirement account. Over time, I will discuss how to and not to trade, general observations, current market trends, books, websites, and more,Unknownnoreply@blogger.comBlogger123125tag:blogger.com,1999:blog-2478651523484357162.post-59450225828175771712010-01-13T08:12:00.000-08:002010-01-13T10:16:42.366-08:00FW&ASomebody please call the Fraud, Waste, & Abuse hotline...<br /><br />Health and Human Services, the Boy Scouts, and the Forestry Service have WAY too much money on their hands... Their commercials play on every channel all day long.<br /><br />My state is covered with 6 inches of snow. Please tell Smokey the Bear that forest fires are not a valid concern rite now.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-9169930435407098382009-10-23T09:04:00.001-07:002009-10-23T09:06:40.138-07:00Here is a 60' spy chart<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9fEXBNKcH9R-RWwZAXCiTM-Z72iCMPJQd-ZspaX-9THqUnh8dpCydWmBVZZLmU_MJaTO-G-mtqhax8BP8wpE5WVkbDXxWutJl6d_dDyCQCv1OYI3RopUA8ZiHQMpZjVzNNeZ_XTYMRprf/s1600-h/spy.PNG"><img style="cursor: pointer; width: 400px; height: 206px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9fEXBNKcH9R-RWwZAXCiTM-Z72iCMPJQd-ZspaX-9THqUnh8dpCydWmBVZZLmU_MJaTO-G-mtqhax8BP8wpE5WVkbDXxWutJl6d_dDyCQCv1OYI3RopUA8ZiHQMpZjVzNNeZ_XTYMRprf/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5395827087755452194" border="0" /></a><br />Click for larger, browser back.<br /><br />Notice the MACD line. Its on a steady downturn. I think I'll be buying the 3x shorts (bgz, faz, tza, etc) on their dips.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-55614254171047560512009-10-15T09:32:00.001-07:002009-10-15T10:51:18.556-07:00Gann Angles can indicate reversalsHere is a recent (just now) hourly Wilshire 5000 chart:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm0XfUUP7aUgVzrZgT0rSvUfVI9wJIwyy81kGSci0xIH3Izx1SEppr9Bm4ttbMQmmKqZHYTT_JryXFccozu4Wxl0AWs2ISr65t_uXGc4jCZXCssO8k-gNEgFGs6ug-X6aSCPfmeIJi0lnP/s1600-h/wilshire.PNG"><img style="cursor: pointer; width: 400px; height: 211px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm0XfUUP7aUgVzrZgT0rSvUfVI9wJIwyy81kGSci0xIH3Izx1SEppr9Bm4ttbMQmmKqZHYTT_JryXFccozu4Wxl0AWs2ISr65t_uXGc4jCZXCssO8k-gNEgFGs6ug-X6aSCPfmeIJi0lnP/s400/wilshire.PNG" alt="" id="BLOGGER_PHOTO_ID_5392865688105462818" border="0" /></a><br />Click for larger, browser back.<br /><br />Notice that low I circled in green. It was a huge dip! I profitted well by being in FAZ.<br />By reviewing Price, we can see a double bottom. This is also referred to as a W. Its a huge buy point (obviously). Also notice that I have added in some Gann Angles. The primary line is the major trendline. When the second line was breached, it indicates bullishness. Then there was a bit of fearful retracement. The next morning, the third line was breached and Price never looked back.<br /><br />We have to start watching for this setup... it is not rare, it is fairly reliable. With this chart in mind, I can confidently place long trades.<br /><br />For extra bonus points, see how the gann angles react to this 10' SPY chart:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-2i4TJae984RzpzciJGlxBc25flCm_FkGQkK_ZpgUSiYvmP9yugx6PVP32nEprmwytPa66AT-3TYrxJj-lP1_OFZ7O6ZqYsWV11mpS3Nnq1DVNUeG-wVxJfml6nUwUWqMht65EiMld9oP/s1600-h/spy.PNG"><img style="cursor: pointer; width: 400px; height: 341px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-2i4TJae984RzpzciJGlxBc25flCm_FkGQkK_ZpgUSiYvmP9yugx6PVP32nEprmwytPa66AT-3TYrxJj-lP1_OFZ7O6ZqYsWV11mpS3Nnq1DVNUeG-wVxJfml6nUwUWqMht65EiMld9oP/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5392885089397197106" border="0" /></a><br />Click for larger... yada yada.<br /><br />Now, go try it on your own charts.<br /><br />On another note:<br />I have accepted a part-time job. I find myself now conversing with lots of cool people in emails and on-line meetings. At the end of the day, I am talked out! That is the reason I have not blogged as much lately.<br /><br />I do plan to keep recording my finds here (like the post above), but it probably not be as regular or frequent.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-20999848617148389012009-10-06T10:01:00.002-07:002009-10-11T21:41:33.944-07:00The SPY could fall"This is one of the juciest shorts I've ever seen in my life." DSeven commenting on the monthly Spy chart.... <a href="http://www.freetradingvideos.com/vlog/default.asp?Display=1411#Comments">Video here</a>.<br /><br />In other news... "The fiscal year-to-date deficit is at $1.378 trillion versus $500.5 billion a year ago."Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-57670372588848140652009-10-01T18:36:00.000-07:002009-10-01T19:04:56.199-07:00Downtrend confirmedI could post some charts and discuss them here but it has already been done <a href="http://www.freetradingvideos.com/vlog/default.asp?Display=1392">in this video</a>. In fact, my mentor has done a much better job of it than I could. (The video is highly recommended.)<br /><br />If, after watching, you have questions, you are welcome to ask here, in the chat room, or in the FTV forums at <a href="http://www.freetradingvideos.com/default.asp">FreeTradingVideos.com</a><br /><br />I enjoyed making 11.74% on my FAZ investment today. I hope you also benefited.<br /><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7U-VGYPCuVgzQz7-yZ1bn8G3fgztYjszaMGDFA-as2XSZxa786CYST2bQkr9saOijZ34oG8IFOPqEx2ZepbI4-1BgcDtIrhRHeroJnL_Uw8Le44x53ue_sYPj4xjCNveNIT5FIKNaX3w1/s1600-h/spy.PNG"><img style="cursor: pointer; width: 400px; height: 216px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7U-VGYPCuVgzQz7-yZ1bn8G3fgztYjszaMGDFA-as2XSZxa786CYST2bQkr9saOijZ34oG8IFOPqEx2ZepbI4-1BgcDtIrhRHeroJnL_Uw8Le44x53ue_sYPj4xjCNveNIT5FIKNaX3w1/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5387817220711062050" border="0" /></a><br />Click for larger, browser back.<br /><br />As you can tell from the SPY daily chart above, it is too early to totally commit to short positions, but after tomorrow, the support line I drew in should be broken. From there, large shorts will be less risky.Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2478651523484357162.post-19074923061389266582009-09-25T05:23:00.001-07:002009-09-25T05:44:37.811-07:00Be long in uptrendsHere is a 5 minute, 4 day chart of the UUP, the Dollar index ETF.<br />UUP is the candles, and the broad market is represented in the line graph.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUdjPRsI5BY268ON-rIyimzQfGU1rf5X1DmUIpLa-xOkD7j28OXqxdPxqhB6cxMkOhejwEGiAtfeG9VomWiiucRs4tt8nAqgIW0XgBlpC9jrE6Ky1h-qaVbesQRF2_tT7lpkkiEkxpIwG0/s1600-h/uup.PNG"><img style="cursor: pointer; width: 400px; height: 190px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUdjPRsI5BY268ON-rIyimzQfGU1rf5X1DmUIpLa-xOkD7j28OXqxdPxqhB6cxMkOhejwEGiAtfeG9VomWiiucRs4tt8nAqgIW0XgBlpC9jrE6Ky1h-qaVbesQRF2_tT7lpkkiEkxpIwG0/s400/uup.PNG" alt="" id="BLOGGER_PHOTO_ID_5385379771591358546" border="0" /></a><br />Click for larger, Browser back.<br /><br />Notice that they have an opposing relationship, When the UUP (candles) rallies, the SPY (yellow line) pulls back,<br /><br />Hotlist stocks are not so effective when the market is in a downtrend. It is not a good thing to expect your stock Price to increase when the markets are falling.<br /><br />That said, this pullback provides opportunity...<br /><br />Step one... Hotlists provide resources to scan for stocks that remain relatively unaffected by market downturns. Those are the ones that nobody wants to sell!<br /><br />Step two... We know that this downturn is related to dollar strength, Who in the room believes that our government has completely stopped flooding the market with dollars to pay their debt? I thought so... this Price dip is very likely temporary. There is no need to panic sell your portfolio yet.<br /><br />Step three... <a href="http://congamikestocks.blogspot.com/2009/09/buy-dips.html">Buy the dips.</a> Discounted Prices are becoming available.<br /><br />Once this dip flattens out, I'll be buying again.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-63035205371637578732009-09-16T13:33:00.000-07:002009-09-16T18:17:56.088-07:00Tonights listHere is the list for today....<br /><br />apc<br />atpg<br />bap<br />bvn<br />cno<br />cnu<br />fnm<br />fre<br />gnw<br />grrf<br />gtn<br />gsic<br />holi<br />ivn<br />kerx<br />lmdia<br />mgi<br />mni<br />mpet<br />ovti<br />pir<br />pxlw<br />rad<br />rdn<br />tpi<br />tvl<br />uis<br /><br />---<br />Now, how did yesterdays list do?<br /><br />stock prev close close<br />atpg 17.66 20.51<br />axl 7.66 8.13<br />cno 5.06 5.95<br />ctb 15.60 15.84<br />fire 19.88 21.99<br />gtn 1.25 1.76<br />hf 5.86 6.53<br />holi 7.69 8.78<br />ivn 12.03 12.67<br />mgi 3.24 3.29<br />mvis 3.66 3.9<br />pir 2.6 2.91<br />pxlw 3.98 4.06<br />rad 1.74 2.08<br />shfl 8.72 9.30<br />tpi 3.90 4.05<br />tvl 4.21 5.74<br /><br />Two went down, t<sniff>he others went up. The best was GTN at 27.5%<br /><br />Methinks that this list and some good Technical Analysis should make me profits!<br /><br />Note: No Technical Analysis was used to create my list. Up to this point, it is all about a stocks' fundamentals and how the market reacts to it. This list simply weeds out a few thousand other stocks so I don't have to review so many charts.<br /></sniff>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-12953826809892301312009-09-15T15:59:00.000-07:002009-09-15T16:18:57.539-07:00The Hot ListIn addition to my previous hot list post, this market offers some unique opportunities. I have been gathering up stock symbols via different screeners. The resultant list is now over 100 stocks, way too many to type accurately here, or properly trade. (I have been trying -- and profiting)<br /><br />I tuned up a google spreadsheet to help me pick the best of the best in the list, and here is today's results:<br /><br />atpg 17.66<br />axl 7.66<br />cno 5.06<br />ctb 15.60<br />fire 19.88<br />gtn 1.25<br />hf 5.86<br />holi 7.69<br />ivn 12.03<br />mgi 3.24<br />mvis 3.66<br />pir 2.6<br />pxlw 3.98<br />rad 1.74<br />shfl 8.72<br />tpi 3.90<br />tvl 4.21<br /><br />I added today's close price just for record keeping. I'll com back in a few days and check the results.<br /><br />Please do not consider this to be a trade recommendation... just a watch list. Trade responsibly. I can hook you up with training if you are interested.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-25093561104476991262009-09-15T07:54:00.001-07:002009-09-15T07:55:42.483-07:00Buy The Dips!<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSBExOcBcz01B6fZeKQTbK63T9b9lw4aawWsOP2ay-VxV6K7iAUWe3KFYVuc4elYK-6TROdbrcG0w8XDlHxPEaPvNhUUxacjjqM2e3cZlCjj18RcWAZ_BEuBPnJR1xBZ98XbQFlFDn6lYg/s1600-h/dwc.PNG"><img style="cursor: pointer; width: 400px; height: 338px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSBExOcBcz01B6fZeKQTbK63T9b9lw4aawWsOP2ay-VxV6K7iAUWe3KFYVuc4elYK-6TROdbrcG0w8XDlHxPEaPvNhUUxacjjqM2e3cZlCjj18RcWAZ_BEuBPnJR1xBZ98XbQFlFDn6lYg/s400/dwc.PNG" alt="" id="BLOGGER_PHOTO_ID_5381707746177788066" border="0" /></a><br /><br />Don'y have much time.... just wanted to say that it can be a buying opportunity here... I just bot LVS on this dip. (Not a recommendation -- ask your broker)Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-71322609668686182032009-09-14T18:36:00.001-07:002009-09-14T18:54:00.537-07:00Minor setback todayHere is today's hourly SPY broad market ETF.<br />Notice the trendline I have drawn in.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdUsPXQcWw5jDUyfr54u2bAlWPMcbXbG0eLblc_ipHUkUi-4CgEVlosm0pdXSRiCkC-XKZO82gUEQvxfmjDY1-FZMdAQk3qU9Tr6u1tgoXE90RK9baXRyBEmkfzB3w1CQCfesrY1T28Ykr/s1600-h/spy.PNG"><img style="cursor: pointer; width: 400px; height: 314px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdUsPXQcWw5jDUyfr54u2bAlWPMcbXbG0eLblc_ipHUkUi-4CgEVlosm0pdXSRiCkC-XKZO82gUEQvxfmjDY1-FZMdAQk3qU9Tr6u1tgoXE90RK9baXRyBEmkfzB3w1CQCfesrY1T28Ykr/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5381502173507701170" border="0" /></a><br />Click for larger, browser back.<br /><br />This morning, we gapped down below the line and some in the <a href="http://www.freetradingvideos.com/chat/">FTV chat room</a> were talking doom and gloom. I kept track of the market internals while sitting on my hands. As I watched the NYSE up and down volume charts, I noticed that some stocks were becoming interesting. With all the discipline I could muster, I only bought (went long in) four of them.<br /><br />The "buy the dips" strategy has worked many times recently, and according to the internals, it was the right thing to do. As it turns out, Price has improved and I was properly in synch with the markets (see post below).<br /><br />The SPY daily chart still indicates upward strength and I am enjoying the ride.<br /><br />We did get a pull-back on the weekly chart, eight candles ago, so this can not be expected to run many more weeks. When the next dip occurs, I hope that I'll be ready -- I am watching for it.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-39727681180361232882009-09-13T16:02:00.000-07:002009-09-13T16:53:23.132-07:00Wisdom from the Tao Te Ching Pt 2 of manyMarket wisdom from the Tao Te Ching, Chapter 29, Translated by Derek Lin<br /><br />Derek made a great presentation today in discussing the chapter copied here in part:<br /><br /> Those who wish to take the world and control it<br /> I see that they can not succeed ...<br /> One can not control it ...<br /><br /> Because all things:<br /> Either lead or follow<br /> Either blow hot or cold<br /> Either have strength or weakness ...<br /><br /> Therefore the sage:<br /> Eliminates extremes<br /> Eliminates excess<br /> Eliminates arrogance<br /><br />Wow, that's a lot of material in just a few words!<br /><br />What I am able to understand rite now is this:<br />- Don't try to catch the absolute bottom or top, just try to own a large chunk out of the natural run in the middle.<br />- Don't clutter the real story (Price and volume) with excessive indicators, or expectations (news, analysts, fundamentals, etc.)<br />- Don't trade by emotions, we are incapable of perfectly identify the tops or bottoms in real time.<br /><br />Sure there's that obvious stuff, and so much more...<br /><br />We should not allow ourselves to become angered or confused when the markets do not fulfill our expectations. The market is neither bad or good, it simply exists.<br />Likewise, our strongest hopes can not cause it to change into something else.<br /><br />The only thing we can do is change ourselves. Our baggage, once discarded, will no longer bind us to making possibly (likely) incorrect assumptions.With baggage removal completed, we can place trades that are in synch with market direction.<br /><br />My biggest piece of baggage is selling at a small loss and then missing the run my analysis indicates is eminent. What's yours?<br /><br />---<br /><br />Don't forget to read my post: <a href="http://congamikestocks.blogspot.com/2009/06/wisdom-from-tao-te-ching-pt-1-of-many.html">Wisdom from the Tao Te Ching Pt 1 of many</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-35474332212523466662009-09-10T13:37:00.001-07:002009-09-10T13:52:23.143-07:00Breakout!Here is the current daily SPY:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigSM9NW4gyBqD5QuQzbHGBenmwVRwTEwEaP4xo6rwY6cRxwzmpD97OxQSFLxaus3-pYLfwvI1eImtIgt7x7jy-iSOZtT0o2nG4XDXR8STDREyYsmJ9groJ80Zcnq9Gzh2lzYOdAS1faGmE/s1600-h/spy.PNG"><img style="cursor: pointer; width: 255px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigSM9NW4gyBqD5QuQzbHGBenmwVRwTEwEaP4xo6rwY6cRxwzmpD97OxQSFLxaus3-pYLfwvI1eImtIgt7x7jy-iSOZtT0o2nG4XDXR8STDREyYsmJ9groJ80Zcnq9Gzh2lzYOdAS1faGmE/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5379940872554693906" border="0" /></a><br />Click for larger, Browser back.<br /><br />The Head and Shoulders pattern I warned about below, has failed. Market action has now turned all of that into a pleasant series of higher highs and higher lows. I cautiously stayed in my long positions, taking profits as was reasonable, and made some great $$$. I hope you did too.<br /><br />Today, the broad markets formed a recovery high and rallied to the point of being over bought. Trading slowed down, but did not pull back. Therefore, I have begun the process of adding to my long positions with great value stocks. I'll tell you how I screen for these in another post... coming to my favorite blog (here) soon!<br /><br />Note: There are some perma-bears out there. They add to their short positions on every rally just in case the markets might turn. I feel sorry that they are so determined to place trades that have absolutely no technical reason for support. Several small, "feeler" positions, can add up to big losses and their spouts of negativity can make newbies doubt properly positioned investments. So sad.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-43834408479787857042009-09-04T13:18:00.001-07:002009-09-04T13:30:17.775-07:00Change in the wind?Here is the current SPY daily chart...<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-h6MusFfwKzJHybhpcHXd2VIM6I6yAsmRape4zPOEddNfz1qRia8JuEJB1oaXSBb_yq08OQy98bjsl-2mouXZnsz_dPOy2l_MSc9NQRcdPqXWXKmi9QGK2DA7zk8tUnnveZH5XvAnynF1/s1600-h/spy.PNG"><img style="cursor: pointer; width: 300px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-h6MusFfwKzJHybhpcHXd2VIM6I6yAsmRape4zPOEddNfz1qRia8JuEJB1oaXSBb_yq08OQy98bjsl-2mouXZnsz_dPOy2l_MSc9NQRcdPqXWXKmi9QGK2DA7zk8tUnnveZH5XvAnynF1/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5377709326114924354" border="0" /></a><br />Click for larger, Browser back.<br /><br />I am a little concerned here.<br />It is a left shoulder, the head, and maybe a right shoulder in the making.<br />In checking the volume, I see that one huge red bar, and a few green Pygmy's. This indicates strong downage and weak upage.<br /><br />Not scary because we can make money from the market moving either direction, but I have a lot of long positions that I want to exit profitably.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-60613372443674857662009-09-02T19:43:00.000-07:002009-09-02T20:40:20.753-07:00Another Bull/Bear IndicatorIn my never-ending quest for Market Mastery, I have assembled another indicator. This one is based on the NYSE Up/Down volume ratio. Here's what it looks like:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM2Lc4y5MxbM9yQXqJs8LFj9TuJ4xXItuncENpXVlFFHZ2LlDUrXrvaCH_ghGh_ON80lYRnrlxSXDIn94HVi8x6YLs9NZiIg-pdcv7PHDHkl-KDK8c4U4N64NHR0qEwcB6WN7zGY6nYNtU/s1600-h/NdvolNuvol.PNG"><img style="cursor: pointer; width: 400px; height: 203px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhM2Lc4y5MxbM9yQXqJs8LFj9TuJ4xXItuncENpXVlFFHZ2LlDUrXrvaCH_ghGh_ON80lYRnrlxSXDIn94HVi8x6YLs9NZiIg-pdcv7PHDHkl-KDK8c4U4N64NHR0qEwcB6WN7zGY6nYNtU/s400/NdvolNuvol.PNG" alt="" id="BLOGGER_PHOTO_ID_5377067056319983586" border="0" /></a><br />Click for larger, Browser back.<br />Here is a handy link: <a href="http://www.freestockcharts.com/?emailChartID=b5425477-2f4b-448d-a529-7481db3ff95a">http://www.freestockcharts.com?emailChartID=b5425477-2f4b-448d-a529-7481db3ff95a</a><br /><br />Here is another, possibly clearer way to see the same thing:<br /><a href="http://www.freestockcharts.com?emailChartID=a6b0191e-f165-4793-9732-f6280e67c6b6">http://www.freestockcharts.com?emailChartID=a6b0191e-f165-4793-9732-f6280e67c6b6</a><br /><br />Tonight's chart shows that Down Volume is higher than Up volume, but closing the gap. This should signal the eventual end of a bear rally... we'll see. Hopefully, with this tool, we'll get better.<br /><br />And, for no extra charge, here is <a href="http://www.freestockcharts.com/?emailChartID=f59cdd47-fce0-44e0-b10e-650aea5783e1">yet another good one</a>...<br />This one allows us to the total number of up issues compared to a moving average<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCjsu3NavTlUofiz-MtBV1Onoj6FIt0xBegHjKVNl23Kt0v1AQP8wS06NLQlM5KPjjAnNvr0vXfj4oUSKitIuEu6fxGGHV6CTPY8vbv24J8_wmuQFnuXtBJCSHvSmoKS40baiIECYpdN2V/s1600-h/UpIssues.PNG"><img style="cursor: pointer; width: 400px; height: 203px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCjsu3NavTlUofiz-MtBV1Onoj6FIt0xBegHjKVNl23Kt0v1AQP8wS06NLQlM5KPjjAnNvr0vXfj4oUSKitIuEu6fxGGHV6CTPY8vbv24J8_wmuQFnuXtBJCSHvSmoKS40baiIECYpdN2V/s400/UpIssues.PNG" alt="" id="BLOGGER_PHOTO_ID_5377075658919687314" border="0" /></a><br />Click for larger, Yada Yada.<br /><br /><br /><br />And... don't forget about the older <a href="http://congamikestocks.blogspot.com/2009/07/new-bull-bear-indicator.html">Bull/Bear index.</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-21397246258651073262009-09-02T05:34:00.000-07:002009-09-02T06:07:22.362-07:00Big BreakdownThe $VIX (Fear Indicator) is at about a 6 week high after an abnormal run-up yesterday.<br /><br />Yesterday's sell volume was at about a 8 week high.<br /><br />$BANK is at about a 4 week low.<br /><br />The Wilshire 5000 and the SPY has made lower highs and lows for 2 days.<br /><br />The SP500 closed below 1000 and the Nasdaq closed below 2000.<br /><br />All of this happened on relatively good news.<br /><br />It seems that the big traders (institutions) have simply decided that its time for a pullback: <a href="http://finance.yahoo.com/news/Investors-fret-2009-stocks-rb-3739734523.html?x=0&.v=3">Anxiety about the health of financials and worries the 2009 global stock market rally may have run its course hit U.S. stocks hard on Tuesday and then carried over.</a><br /><br />"But the glass is still half empty. Macro data has improved, but we're in a pattern of destocking-restocking, and the outlook for consumer spending is still grim."<br /><br />Could it be that Cash-For-Clunkers has depleted much of the savings that Americans have amassed? If that is true, then Christmas will not be the retail boon that traders and the economy need.<br /><br />I am not yet totally convinced that this is the beginning of a Bear rally, but I am remaining open to the possibility. I am actively not re-investing funds made available by profit taking and stop outs at this time.<br /><br />Just for the purpose of holding a hedge, I may buy one of the 3x short ETF's on a SPY high today.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-28589293589500730742009-08-18T09:09:00.001-07:002009-08-18T11:10:33.666-07:00Situational Awareness5 minute chart...<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhCYhdkxNghoKhUJKm8F550zGmRB2V7AZyya0vj6IyNyEMOJQ7mmpld9NzNHDDGMEJEPrd9wAopMHMB3wUL0dtJs-ZatB6LdKgH6DQrpMGYM2yMFcAQDW5tts2TKmgfESQEPC0yRp0VelC/s1600-h/wynn5.PNG"><img style="cursor: pointer; width: 400px; height: 209px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhCYhdkxNghoKhUJKm8F550zGmRB2V7AZyya0vj6IyNyEMOJQ7mmpld9NzNHDDGMEJEPrd9wAopMHMB3wUL0dtJs-ZatB6LdKgH6DQrpMGYM2yMFcAQDW5tts2TKmgfESQEPC0yRp0VelC/s400/wynn5.PNG" alt="" id="BLOGGER_PHOTO_ID_5371336810894037730" border="0" /></a><br />Click for larger, browser back.<br /><br />Just a few candles ago, this was a Trade #1 buy. In fact, it did go up some. Then it pulled back. As I write, I see that it formed an M and pulled all the way back, forming a picture perfect bull trap.<br /><br />My friend KM was considering buying on the 10 minute up-trend but I was able to talk him out of it. Here's why I did that...<br /><br /><br />30 minute chart, same stock, same time.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmnXuGCeyU6ceEjfRZSM1lm-SK2zQl8aQm_O1F21TyAa00IhUa9f7NwzBQNCs0nVMNZb7jZfFHUauqO6725R3w89BN_3Typida2NT_RCBDgCfoyIjszMpivUixj_ECs1xALAIqdroENmbt/s1600-h/wynn30.PNG"><img style="cursor: pointer; width: 400px; height: 215px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmnXuGCeyU6ceEjfRZSM1lm-SK2zQl8aQm_O1F21TyAa00IhUa9f7NwzBQNCs0nVMNZb7jZfFHUauqO6725R3w89BN_3Typida2NT_RCBDgCfoyIjszMpivUixj_ECs1xALAIqdroENmbt/s400/wynn30.PNG" alt="" id="BLOGGER_PHOTO_ID_5371336924643722738" border="0" /></a><br />Click for larger, u know the drill.<br /><br />Notice that the BBands are indicating a HUGE downtrend. Yes, there is recent wonderful strength, yes the trendline has broken (not illustrated here) but its still scary.<br /><br /><br /><span style="font-weight: bold;">Here's the point: </span><br />When investing, or even scalping, we must be aware of whats going on in the other charts (and the SPY). A lovely uptrend in the 1 minute chart can prematurely fail because of a downtrend in the 60 minute chart. To say that another way, patterns on the one minute chart are not as powerful as the same pattern on the hourly.<br /><br /><span style="font-weight: bold;">And another way to say it:</span><br />If you buy it on the one minute chart, be prepared to sell it on that charts action as well.<br /><br />This has many implications. The perfect world buy signal would be a signal on the daily, hourly, 30, 15, 5, and 1 minute charts at exactly the same time. I bet it happens, I've never seen it. Oh... and the SPY has to be in synch also. Too much for my little brain to look at all at once!<br /><br />Here is a theoretical work-around. First, wait for the trade to come to you by observing a reasonable amount of charts. then buy on the one minute chart. After riding that a while, check the next chart up to ensure it is bullish there. Repeat all the way up to the daily and be aware of the weekly.<br /><br /><span style="font-weight: bold;">Now for the sell signal:</span><br />Once the opposite of a buy signal is observed on the daily, continuously drill down to faster and faster charts for confirmation.<br /><br />Who is gonna do this? Not me! Too much work. I will just set a stop under the previous low (adjusting occasionally as needed) and wait for it to trigger.<br /><br />As always, your comments and questions are welcomed.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-46751973051935442302009-08-17T09:03:00.000-07:002009-08-17T09:06:14.686-07:00short term recoveryHere is a 60' chart of the $tick...<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEga3Mj5jfvaScPFEkRN09AaYKXS47b7Z2L5u98H8TF2D_OfoyFrkRNsab2QjwjdqJVVp_26p9Z_BAlucHq7RIttSNF6ZmWm6tmLgJL_1-eBa9mLZPht_bCPARY0Nd379kdYqqSjIwA7tcPT/s1600-h/tick.png"><img style="cursor: pointer; width: 400px; height: 205px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEga3Mj5jfvaScPFEkRN09AaYKXS47b7Z2L5u98H8TF2D_OfoyFrkRNsab2QjwjdqJVVp_26p9Z_BAlucHq7RIttSNF6ZmWm6tmLgJL_1-eBa9mLZPht_bCPARY0Nd379kdYqqSjIwA7tcPT/s400/tick.png" alt="" id="BLOGGER_PHOTO_ID_5370964431072184290" border="0" /></a><br /><br />It is pulling up hard.<br />This could be a good dip to buy a swing trade on!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-26391246545401357722009-08-12T06:15:00.001-07:002009-08-12T06:20:36.970-07:00The dollarHere is a chart of UUP, the US Dollar ETF.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJwQx8dweKNSLQYKlsBij93cOt2zYHlUVBXU3lSr-q1ITRUvfZ4Tq7rdU6BoKGbP1awvROcfPcVhrgye2NoxlJWPGS30XUfyIMOQHV2U0YFl_WALm9xdNR1nSwLglPM31eVQ-ZtI5tS2cl/s1600-h/uup.PNG"><img style="cursor: pointer; width: 300px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJwQx8dweKNSLQYKlsBij93cOt2zYHlUVBXU3lSr-q1ITRUvfZ4Tq7rdU6BoKGbP1awvROcfPcVhrgye2NoxlJWPGS30XUfyIMOQHV2U0YFl_WALm9xdNR1nSwLglPM31eVQ-ZtI5tS2cl/s400/uup.PNG" alt="" id="BLOGGER_PHOTO_ID_5369065375701505426" border="0" /></a><br />Don't bother clicking on it, its small.<br /><br />Notice the volume as Price increases. That's exactly what we want to see in a bullish trend.<br />Sadly, it explains why our stocks and commodities have been falling, and the poor $TICK indication described in the post below. This might be a place to sock away a few investment dollars... I'll be watching.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-59304545590617673262009-08-08T18:26:00.001-07:002009-08-08T18:32:00.681-07:00OK, this is bad...In thinking about my previous post (while watching TV), I wondered what secrets the TICK would tell...<br /><br />Here is a daily/8 month chart of $tick.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgchKbwY8AQ0l9RX1Tv98-NwsoSJ43r2lEdSzcZT6bkpV6yFWyy8Q-TvqpVnUFiyxwKmJNzikRXsnbOSrghW6R5byspdRaOIyCWZYEUPaOs9aAyHQncLwl0RItzrSL9V_VbhBNGOLhAPSa6/s1600-h/tick.png"><img style="cursor: pointer; width: 400px; height: 212px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgchKbwY8AQ0l9RX1Tv98-NwsoSJ43r2lEdSzcZT6bkpV6yFWyy8Q-TvqpVnUFiyxwKmJNzikRXsnbOSrghW6R5byspdRaOIyCWZYEUPaOs9aAyHQncLwl0RItzrSL9V_VbhBNGOLhAPSa6/s400/tick.png" alt="" id="BLOGGER_PHOTO_ID_5367769361745073106" border="0" /></a><br /><br />Notice that $tick is registering an 8 month low. <span class="blsp-spelling-corrected" id="SPELLING_ERROR_0">That's</span> a bad thing for those of us with long positions.<br /><br />Make that a two week vacation!<br /><br />I'll be selling my longs and watching for an entry into my favorite shorts next week.Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2478651523484357162.post-26083060660529370732009-08-08T05:52:00.001-07:002009-08-08T07:08:12.549-07:00UpdateHere is a 10 year, weekly chart of the NASDAQ ETF, the Q's (QQQQ).<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0MslnG8B_g8DecjzxNnXqgQ_eC_6wxkZG4JvbcmpEDrWItvVZDx4XOfGQR2_cjVP9UqOmqcz-GMu1yE8zO7Xy5AfsuVv-ZitmHWv8VcCppLNLcIh_CfZckIS-5az_Tom5COC3WHl-uwjN/s1600-h/qqqq.PNG"><img style="cursor: pointer; width: 400px; height: 214px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0MslnG8B_g8DecjzxNnXqgQ_eC_6wxkZG4JvbcmpEDrWItvVZDx4XOfGQR2_cjVP9UqOmqcz-GMu1yE8zO7Xy5AfsuVv-ZitmHWv8VcCppLNLcIh_CfZckIS-5az_Tom5COC3WHl-uwjN/s400/qqqq.PNG" alt="" id="BLOGGER_PHOTO_ID_5367575140743778146" border="0" /></a><br />Click for larger.... browser back.<br /><br />As pointed out in this article: <a href="http://www.stocktiming.com/Friday-DailyMarketUpdate.htm">stocktiming.com</a>,<br />we are approaching resistance. Since the Q's are a leading indicator of the broad market, this could have some importance.<br /><br />I am seeing Price approaching the trend line and Big Red, the 200 MA, so we'll have to trade cautiously. Notice this broad market chart:<br /><br /><br />Here is the weekly, 2 years, broad market (SPY) chart...<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8oRoSvpWOHK6zu8NqtnUA-RVTxm1jDj4iaVeHHp3fHKmOtTrDJnrrWTN4Gn3d2EOI2jN26afpPK7Lj59vjZYYBQsoA2e5_y-KI2lU5RqlVtrpJH0fOa23Osf7Kns_kEx6vMZbthPVyocS/s1600-h/spy.PNG"><img style="cursor: pointer; width: 400px; height: 216px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8oRoSvpWOHK6zu8NqtnUA-RVTxm1jDj4iaVeHHp3fHKmOtTrDJnrrWTN4Gn3d2EOI2jN26afpPK7Lj59vjZYYBQsoA2e5_y-KI2lU5RqlVtrpJH0fOa23Osf7Kns_kEx6vMZbthPVyocS/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5367578371141471266" border="0" /></a><br />Click for larger.... yada yada.<br /><br />Since the Q's are in trouble, I took the time to dissect the broad market a bit further than usual...<br /><br />Downtrend line 1 indicates the power of the exercise. Notice the difficulty that Price had in bouncing off several times (below the 3). Further, notice the strong resistance that line 3 held in the area of the 5. That's some powerful juju! Line #2 is hanging above our heads to become important at some future date.<br /><br />Uptrend line 4 describes the tops of the uptrend we currently enjoy. Notice that we are quickly approaching it.<br /><br /><span style="font-weight: bold;">Now, with the framework set, here's the bottom line....</span><br /><br />Notice the uptrend line #5. It is not parallel to line #4. That's a bad thing because Price hates to be squeezed. We have to expect a breakout, up or down, from the squeeze. It may happen next week, it may come to us four months from now, it is definitely coming.<br /><br />To my eye, the weekly Price action of the Q's and the SPY, are looking at a <a href="http://www.freetradingvideos.com/pullback_sell.asp">pullback_sell</a> pattern.<br /><br /><span style="font-weight: bold;">Bonus points:</span><br /><br />Notice the last 4 candles. The first being HUGE, the remainders becoming much more constrained. This indicates a dissipation of momentum. Notice that the same effect occurred on the Q's even more.<br /><br /><span style="font-weight: bold;">The oddball:</span><br /><br />The one thing that contradicts all of the above is volume. This week, both the SPY and the Q's enjoyed an increase. It could be an indication of sidelined money entering the market. It could indicate bears waking up but being matched by the bulls. If the second scenario is true, a pullback is more likely.<br /><br /><br /><span style="font-weight: bold;">OK, the real bottom line:</span><br />My guess is a struggle next week. The markets are not really convinced that they want to go up. In fact, fundamentals do not predict further increases. Confirmation, the NASDAQ only increased one point last week. We might see some pullback before the lines are broken. If the pull back gets momentum, we could see a test of SPY line 4. Hopefully not any lower.<br /><br />Have fun but keep a close watch! This is not a good time for a "set it and forget it mentality. If I wasn't watching closely, I'd sell everything, take a week off, and wait for a better market to trade. Hmm... that sounds like fun, my family could use a vacation. Oh well.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-87131255988734709302009-07-31T08:19:00.001-07:002009-07-31T08:22:36.366-07:00Pending breakout?Here is the 30' SPY...<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOhVc-xAXtw8vS9rxFyWZB8MI6wcQ6g00-UmV3CM48Dpf5GM7r04e7EIctLNKKroI4SYXjTDTDZT_1FJgsFSPv20k63PToAe8pJswSioi8rnwUA2wH2hqzTyyq7Ij9Tfji_soI5Vg87bzl/s1600-h/spy.PNG"><img style="cursor: pointer; width: 400px; height: 212px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOhVc-xAXtw8vS9rxFyWZB8MI6wcQ6g00-UmV3CM48Dpf5GM7r04e7EIctLNKKroI4SYXjTDTDZT_1FJgsFSPv20k63PToAe8pJswSioi8rnwUA2wH2hqzTyyq7Ij9Tfji_soI5Vg87bzl/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5364644301950214290" border="0" /></a><br />Click for larger, browser back.<br /><br /><br />Notice the trend lines, thats called a Symmetrical Triangle. We should break positive from here.<br />I'm really hoping the SPY can test 100 today. If it clears 100, we will be very bullish.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-10806141906111110282009-07-29T13:12:00.001-07:002009-07-29T13:23:28.999-07:00Here is the 60' SPY chart:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiNvtjo8w2y4HFWNZzLEOKoNg14uM8sr7YWCv47NGI6ghPWS5U1TVeJuYBi5lKuWhpDULZNl8SKYb_0cRsqynT-jaXzMnRmsuToraOFV98v9tP_orTeDDNOTpqegL0-7B4RTNhahjDDQUv/s1600-h/spy.PNG"><img style="cursor: pointer; width: 400px; height: 294px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiNvtjo8w2y4HFWNZzLEOKoNg14uM8sr7YWCv47NGI6ghPWS5U1TVeJuYBi5lKuWhpDULZNl8SKYb_0cRsqynT-jaXzMnRmsuToraOFV98v9tP_orTeDDNOTpqegL0-7B4RTNhahjDDQUv/s400/spy.PNG" alt="" id="BLOGGER_PHOTO_ID_5363977768721071842" border="0" /></a><br /><br />Click for larger, Browser back.<br /><br />Notice that the recent swing low was a bit lower than its predecessor. Then notice that the <span class="blsp-spelling-error" id="SPELLING_ERROR_0">MACD</span> made a higher low. That's called a divergence. Such conditions are a prerequisite for some buy signals; to some traders, it is a buy signal.<br /><br />We'll see. I am holding several long positions, and no shorts... pretty <span class="blsp-spelling-error" id="SPELLING_ERROR_1">durned</span> trusting!<br /><br />These days, a consolidation seems to serve as a pullback, therefore, we might be getting ready for another up leg.<br /><br />We gotta pull back sometime... this many green candles is just <span class="blsp-spelling-corrected" id="SPELLING_ERROR_2">ridiculous</span>.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-56465399361430736682009-07-27T15:17:00.000-07:002009-07-27T15:20:10.667-07:00Here is a brief video clip that shows just how hard one of our elected officials is working to represent us.<br /><br /><a href="http://www.freedomslighthouse.com/2009/07/democrat-conyers-says-it-would-take-two.html">freedomslighthouse.com</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-1886537662933766432009-07-24T07:57:00.001-07:002009-07-24T08:07:21.816-07:00Situational awarenessHere is a 5 minute chart of today's EBAY Price action...<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZdI_xatYKoojwhxmwoW4erHv6WPHSFyyq5aRLB0B0zG7bkgyatWOc416XbdZF5udFiKjRwGQaaQsjQnJlNQS6ZgDGz_gHY6Pw446Wi9iQNO8fEOPZGs_88XekuCRpCnPIH8JPM7EQ6-N9/s1600-h/ebay5.PNG"><img style="cursor: pointer; width: 400px; height: 210px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZdI_xatYKoojwhxmwoW4erHv6WPHSFyyq5aRLB0B0zG7bkgyatWOc416XbdZF5udFiKjRwGQaaQsjQnJlNQS6ZgDGz_gHY6Pw446Wi9iQNO8fEOPZGs_88XekuCRpCnPIH8JPM7EQ6-N9/s400/ebay5.PNG" alt="" id="BLOGGER_PHOTO_ID_5362041160790826386" border="0" /></a><br /><br /><br />Here is a 10 minute chart of today's EBAY Price action...<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-kOdUwdiOqLDiAw5TBhTaN5hBAgvioWQHr5lZXbm5axWIRx1hMf3p20Cc-bnKCJRfyW-EKtJ-OJFrIPjhlXMiPkT6l0lk4eAOWb0dIO-QeYcHnsVNZ3GWi4KvdFzoYcj0xf8rpU0SJPIo/s1600-h/ebay10.PNG"><img style="cursor: pointer; width: 400px; height: 210px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-kOdUwdiOqLDiAw5TBhTaN5hBAgvioWQHr5lZXbm5axWIRx1hMf3p20Cc-bnKCJRfyW-EKtJ-OJFrIPjhlXMiPkT6l0lk4eAOWb0dIO-QeYcHnsVNZ3GWi4KvdFzoYcj0xf8rpU0SJPIo/s400/ebay10.PNG" alt="" id="BLOGGER_PHOTO_ID_5362041257809189186" border="0" /></a><br /><br />The two images were captured at virtually the same time but tell very different stories.<br /><br />This adds to the complexity of our work. One must be aware of all the timeframes, and what the broad market is doing, and what the sector is doing. All at the same time.<br /><br />The only option is to trade on a daily chart and ignore the intra-day fluctuations.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2478651523484357162.post-73389764671614252572009-07-23T14:06:00.000-07:002009-07-23T14:48:45.240-07:00The MA crossover trade.OK... in the Free Trading Videos <a href="http://www.freetradingvideos.com/chat/">chat room</a> today somebody reminded me of a stock purchase strategy... the Moving Average crossover. I was able to tease the Finviz stock screener to produce a fairly nice representation of stocks in this category with at least minimal fundamental qualifications.<br /><br /><a href="http://finviz.com/screener.ashx?v=111&f=fa_epsqoq_pos,fa_epsyoy_pos,fa_grossmargin_pos,fa_netmargin_pos,fa_opermargin_pos,fa_pe_u50,fa_peg_u2,fa_roa_pos,fa_roe_pos,sh_avgvol_o100,sh_instown_o10,sh_insttrans_pos,ta_sma20_pa,ta_sma50_cross20b&ft=2">Here is the link</a><br /><br />The goal is to buy when the 20 ma surpasses the 50 ma. Obviously, other MA combinations are also interesting, however, this is the best I can do today.<br /><br />Yah yah... when to sell? One obvious answer would be when they uncross.<br /><br />Notes:<br />- This will obviously only work in a sustained bull market.<br />- Make sure the 50 ma is in an uptrend, or at least flat, when you buy.<br />- Make sure the SPY 50 ma is in an uptrend or at least flat when you buy, else, your poor trade won't have a chance... it will be counter the major trend.<br /><br />Enjoy!<br /><br />Update:<br /><br />Extreme Price change can invalidate the signal:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRiowoyo4XZNas2JU8tfhlgPdNQlxbxn9mXEzOf22OczQpLqQYAfQQSR-NBUJ9Fj9Ru-VH9iEtqrMXR8-IHKry6dyFhEcsS8_YNUAxc3NAIUFybH0ORSSsWoB3U4eZ_kfxgMWBOneTI_dN/s1600-h/20-50.PNG"><img style="cursor: pointer; width: 341px; height: 400px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRiowoyo4XZNas2JU8tfhlgPdNQlxbxn9mXEzOf22OczQpLqQYAfQQSR-NBUJ9Fj9Ru-VH9iEtqrMXR8-IHKry6dyFhEcsS8_YNUAxc3NAIUFybH0ORSSsWoB3U4eZ_kfxgMWBOneTI_dN/s400/20-50.PNG" alt="" id="BLOGGER_PHOTO_ID_5361775465395600242" border="0" /></a>Unknownnoreply@blogger.com0