Somebody please call the Fraud, Waste, & Abuse hotline...
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.
My state is covered with 6 inches of snow. Please tell Smokey the Bear that forest fires are not a valid concern rite now.
Wednesday, January 13, 2010
Friday, October 23, 2009
Thursday, October 15, 2009
Gann Angles can indicate reversals
Here is a recent (just now) hourly Wilshire 5000 chart:
Click for larger, browser back.
Notice that low I circled in green. It was a huge dip! I profitted well by being in FAZ.
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.
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.
For extra bonus points, see how the gann angles react to this 10' SPY chart:
Click for larger... yada yada.
Now, go try it on your own charts.
On another note:
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.
I do plan to keep recording my finds here (like the post above), but it probably not be as regular or frequent.
Click for larger, browser back.
Notice that low I circled in green. It was a huge dip! I profitted well by being in FAZ.
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.
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.
For extra bonus points, see how the gann angles react to this 10' SPY chart:
Click for larger... yada yada.
Now, go try it on your own charts.
On another note:
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.
I do plan to keep recording my finds here (like the post above), but it probably not be as regular or frequent.
Tuesday, October 6, 2009
The SPY could fall
"This is one of the juciest shorts I've ever seen in my life." DSeven commenting on the monthly Spy chart.... Video here.
In other news... "The fiscal year-to-date deficit is at $1.378 trillion versus $500.5 billion a year ago."
In other news... "The fiscal year-to-date deficit is at $1.378 trillion versus $500.5 billion a year ago."
Thursday, October 1, 2009
Downtrend confirmed
I could post some charts and discuss them here but it has already been done in this video. In fact, my mentor has done a much better job of it than I could. (The video is highly recommended.)
If, after watching, you have questions, you are welcome to ask here, in the chat room, or in the FTV forums at FreeTradingVideos.com
I enjoyed making 11.74% on my FAZ investment today. I hope you also benefited.
Click for larger, browser back.
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.
If, after watching, you have questions, you are welcome to ask here, in the chat room, or in the FTV forums at FreeTradingVideos.com
I enjoyed making 11.74% on my FAZ investment today. I hope you also benefited.
Click for larger, browser back.
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.
Friday, September 25, 2009
Be long in uptrends
Here is a 5 minute, 4 day chart of the UUP, the Dollar index ETF.
UUP is the candles, and the broad market is represented in the line graph.
Click for larger, Browser back.
Notice that they have an opposing relationship, When the UUP (candles) rallies, the SPY (yellow line) pulls back,
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.
That said, this pullback provides opportunity...
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!
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.
Step three... Buy the dips. Discounted Prices are becoming available.
Once this dip flattens out, I'll be buying again.
UUP is the candles, and the broad market is represented in the line graph.
Click for larger, Browser back.
Notice that they have an opposing relationship, When the UUP (candles) rallies, the SPY (yellow line) pulls back,
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.
That said, this pullback provides opportunity...
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!
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.
Step three... Buy the dips. Discounted Prices are becoming available.
Once this dip flattens out, I'll be buying again.
Wednesday, September 16, 2009
Tonights list
Here is the list for today....
apc
atpg
bap
bvn
cno
cnu
fnm
fre
gnw
grrf
gtn
gsic
holi
ivn
kerx
lmdia
mgi
mni
mpet
ovti
pir
pxlw
rad
rdn
tpi
tvl
uis
---
Now, how did yesterdays list do?
stock prev close close
atpg 17.66 20.51
axl 7.66 8.13
cno 5.06 5.95
ctb 15.60 15.84
fire 19.88 21.99
gtn 1.25 1.76
hf 5.86 6.53
holi 7.69 8.78
ivn 12.03 12.67
mgi 3.24 3.29
mvis 3.66 3.9
pir 2.6 2.91
pxlw 3.98 4.06
rad 1.74 2.08
shfl 8.72 9.30
tpi 3.90 4.05
tvl 4.21 5.74
Two went down, the others went up. The best was GTN at 27.5%
Methinks that this list and some good Technical Analysis should make me profits!
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.
apc
atpg
bap
bvn
cno
cnu
fnm
fre
gnw
grrf
gtn
gsic
holi
ivn
kerx
lmdia
mgi
mni
mpet
ovti
pir
pxlw
rad
rdn
tpi
tvl
uis
---
Now, how did yesterdays list do?
stock prev close close
atpg 17.66 20.51
axl 7.66 8.13
cno 5.06 5.95
ctb 15.60 15.84
fire 19.88 21.99
gtn 1.25 1.76
hf 5.86 6.53
holi 7.69 8.78
ivn 12.03 12.67
mgi 3.24 3.29
mvis 3.66 3.9
pir 2.6 2.91
pxlw 3.98 4.06
rad 1.74 2.08
shfl 8.72 9.30
tpi 3.90 4.05
tvl 4.21 5.74
Two went down, t
Methinks that this list and some good Technical Analysis should make me profits!
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.
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