Hello all. I know I have not been around at all lately but that is due to the fact that school is getting more and more difficult. I have however been keeping up with whats going on in the markets. Thursday was a pivotal day in the markets as the dow bounced off the 200MA perfectly. This is what we want to see if we are going to keep this bull run going. I used the huge pullback to add to positions that I am fond of.
These are all current positions. Some are close to my buy price and some are farther. Check out these charts for some good ideas and as always if you are looking for further explanation or research all you have to do is ask.
These next couple of days are important as we need to see what our government is going to do about reaching the debt ceiling. I will try to post more on twitter about the markets. Thanks for still checking in.
Hey guys so some time has passed since I last posted an update. I am starting school and I have just been taking it easy. Anyway lets get into it.
So I have been short term bearish for a while now and hopefully some of you have taken notice. Markets are in the red for the week and it wont help that September is a notoriously bad month for stocks. It is estimated that the government will hit the debt ceiling sometime in mid-October. This alone could create a flush in the markets. We now have the entire Syria issue to deal with. I am sure all of you know what is going on there so I will not bore you with details. I am afraid of the unintended consequences that an attack on Syria will cause. First off the markets are going to flush, I mean we saw a pretty substantial drop today when Kerry only talked about the idea of a potential strike. Second I am afraid of the diplomatic consequences specifically our relationship with Russia. They have publicly stated that American intervention would be “unacceptable”. Barry has a huge decision to make and if I were him I do not even know how I would handle it. On one hand we should be setting the precedent that this is not okay and on the other hand you are potentially starting a war. No easy decision and a paragraph later I am ranting.
Markets are either finding support or coming up on trend lines that absolutely cannot break if the bulls want to keep control. I am swinging long a couple stocks so I hope that these levels can hold.
^ finding support on 10WMA and 3575 level
I only have two charts for you today but I will run some more scans over the weekend and update this post.
$CVU – I am broadening my horizons and looking at stocks with lower floats. This is a beautiful chart with resistance at 11.60. MA cross and it is coming up to test that level soon.
$PTIX – been on this one all week but waited till the weekend to see if the setup stayed in tact. I added some at the close today and I am anticipating a move up and out of this flag. I have an extremely tight stop on this one. I am not an expert swing trader and no expert of low floats. I would short this one if it breaks to the downside but I do not know if shares are available.
$NVAX – I have been long this stock since 2.85 and just now I am starting to see it getting some attention on my twitter feed. There is definitely more upside to come on this one and I would look for a dip to buy.
Hey guys hope you are all having a good week so far. This weeks watchlist contained some profitable ideas and I also have been sharing alerts on twitter.
- The $SPY is still under the 10WMA which is bearish. US Treasuries are spiking. Things are getting chaotic in Europe and Asia. A debt ceiling crisis is looming on the horizon and future corporate earnings aren’t expected to impress. I still remain neutral in the short term but bearish in the long term.
- NVAX – like the chart and there is a decent sized short. Holding on for a measured move to 3.50 or until momentum drys up. Huge volume though so will be an interesting rest of the week.
- MILL – this chart is an A+. Closed over 5.59 on great volume which is extremely encouraging for the bulls. HUGE short rate at around 34%. First target around $7 with not much resistance until then. If any positive news comes out this will fly. Not too late to look for an entry but I am not a fan of chasing.
- FST – name from the watchlist and had alert set. Missed the first break but then it came back to retest around 1:50 and I got in there. It bounced perfectly confirming that as support. My stop is currently sitting at 5.45. First target is the 10 monthly MA at 5.85 and then after that the 6.40 area.
Others from watchlist
- AXAS – tried breaking out but failed might retest but will let the dust settle.
- DSCO – alert is still set and it is consolidating in this range. Going to be a flyer when it does finally break.
- KWK – denied at 1.66 the 10WMA…will look for more setups
- LFL – nice move today right up to the 5WMA. Couldnt hold the gains but last weeks candle was a reversal candle. Will look for an entry if this shows signs of a reversal.
- WRES – flag is tightening…alert is still good.
- KNDI – retook the resistance which now is the support…missed the move but will look for further entries.
- SREV – this uptrend is eventually going to meet with resistance and we will look to see which way it decides to go. Very nice chart.
- ADGE – similar chart to SREV. Flagging and getting tighter. 1.82 is the resistance and also the 30WMA which is a key indicator. Will be interesting to see what happens. Also a very nice chart.
If you read this blog and found it useful please share this with a friend or two. My main goal is to help people so if you ever have any questions about my trading style or you are looking for help do not hesitate to reach out. You can email me at firstname.lastname@example.org or connect with me on twitter @JATRADES. Thanks and Good Luck! -JA
Hello all. I am back from my very relaxing vacation in Southern Florida. It was nice to clear my head but now I am back and more focused then ever. I have been reading alot and making little tweaks to my trading strategies. If you have followed me for a while you might be able to pick these subtle changes up. Hopefully it benefits us all.
Looks like on my week long hiatus the markets pulled back some. I wish I was around for this move because I believe that I would have capitalized on it. Regardless the $SPY weekly held the 10WMA at 165.76. Will be interesting to see what happens from here. I am still neutral short term but bearish long term. Now for some charts.
$AXAS – 2.69 is the spot. There is a tiny gap to fill from a year ago and with good volume coming in we can see a great move if this breaks through.
$BCRX – recent mover looking for this to come back down towards 5 for a bounce.
$DSCO – really like this chart. Looking for a move over 1.74. Moving averages are all looking really good both on the weekly and daily.
$FST – flagging and looking for a move over 5.45. Also looking to preemptively play the 5/30 WMA cross on the weekly.
$KNDI – past mover with a potential buy at the open on Monday. My stop will be around 4.40. Looking for a bounce.
$KWK – First resistance is at the 5WMA at 1.69 and then looking for a move over 1.79. A lot of setups in the energy sector which is something to think about.
$LFL – Looking to play a move over 12.54 for the potential bottoming play. Will keep the stop exactly at 12.54 if there is a move over. First target would be the 5WMA at 13.45.
$WRES – Monthly MA cross and I am looking for a move over 3.10
Hey guys just wanted to give you all some updates.
First off I finally switched my stance on $TSLA from bearish to bullish. I will be looking for an entry for a short term swing on the buy side. (got it while typing this @ 151.98) However in the long term I still believe that $TSLA is overpriced and will see a correction.
I am also switching my stance on the overall economy from bearish to neutral. No one seems to be worried about the future and it is unfortunate because kicking the can down the road will only lead to crisis. In the fall the government is going to need to address the debt ceiling issue and we all know how well that turned out last time. QE realistically cant last forever and that will get ugly when it has to end. There are still countries in Europe that are not exactly “safe”. Asia is not in a good place right now and the US could see another housing market crash. With all that being said when things start going bad…watch out below.
I have not posted many charts recently mostly because I haven’t found many worthy of a blog post but partially because I have not had a lot of time to do so. (remember I am still a twenty year old college student:) ). I will try to post one this weekend with some gems to make up for it. I will be in Florida all next week so I will not be trading but I will periodically be tweeting with updates. Wish you all the best and thanks for reading!
quick update on some charts that I like for the rest of the week. I am currently long $QCOR and $WBMD and short $TSLA. Check out http://thinkingprofit.com/ which is where I am getting some of these ideas.
AFSI – will be pick for he best move out of the flag
PFPT – like this setup on a move over 27 flat…has momo
RBCN – trading in a channel like this to continue tomorrow over 9.05…high short
RDN – like on another move over 14.34
SSRI – WMA cross and looking for a clean break over 8 w/ volume
TIF – looking for a breakout above 80.32
Hey guys going to be another basic watchlist for this week. This watchlist should be called quality over quantity. I will post more setups and ideas on twitter and stocktwits. I will also try to get a blog update out this week. Good luck and happy trading.
$BCRX – showed some resistance when it hit the 5 area but has pulled back and has thwarted any attempts by the bears to flush this out. I like over 4.70 for a trade to the high from last week at 5.02 and then the next level I will be watching is the high 5 area.
$CENX – really like this one over 10.60…5/10MA cross on the weekly and a potential 52 week breakout. First target is the 212MA at 10.94.
$GA – I like this one over 8.64
$OPK – 21% short rate…has been on the watchlist before…setup is getting tighter between the 5WMA and resistance at 7.83. Keep both eyes on this for a move over 7.83.
$PDLI – like over 8.25
$ING – like this over 10.47
Hey guys. I do not have enough time tonight to post the charts for all of the stocks on my watchlist. I would gladly send anyone who is interested a copy of my charts with annotations for any of these stocks just contact me via the chart requests page. Lets get into it though.
$HLF – I like this on a breakout over 56.39 which is the high from almost exactly a year ago. There is a gap to till above that all the way to the mid 60′s then 70′s. Not to mention a 38% short…..
$ED – I liked this on friday and I still like it now. No real alert price on this one but will look to make an entry for the move back to 64.
$SONS - Beautiful chart setting up for a breakout over 3.57
$OPK – like this one over 7.83
$NCT – set alerts for a move over resistance at 6.00. Not only is that the resistance but it is also a huge psychological factor.
$BBG – like over 24.23 another huge short at 28%
$SYRG – could be a nice little move over 7.78 will watch for volume
$MRVL – alot of eyes on this one…like on a move over resistance which is at 12.09. The monthly 5MA and 10MA cross tells me that a new uptrend could be forming.
$CREG – flagging on the daily like on a move over 1.95
$UNTD – would set alerts at 8.13…trix is high but you never know in this market what will take off.
$KEY – cup on the daily…flag on the weekly. I like on a move over 12.13
$ANV – This was brought to my attention by Colin who is a follower. Resistance on the weekly and daily is at 6.90 so I am keeping my eyes on a move over that.
$AOI tried to breakout over 4.13 today will watch to see if this breaks out this week…notice the huge volume.
I found some charts that I would like to bring to your attention. Also I will be going over the stocks that I added today.
$VSH – I like over the resistance at 15.14
Portfolio Update: http://jatrades.com/performance/
Today I added 3 positions to my portfolio. The first is $HALO…I sold off half my position to assure profits. My calculated price target is around $10. The second position I added is $VG. Like the chart…I have a calculated technical price target of around 3.50. The last position I thought I was late initially but it pulled back after the first breakout. I saw an opportunity on the second break and got in at 5.02. The volume on this is awesome and I am looking for this to reach a calculated price target of 5.70 ish. I am still holding $AFFX from last week. It is consolidating right now underneath the 212WMA probably in preparation for its next leg up. I will not risk the profit on this one so when it first starts showing signs of weakness I will exit my position. I will be keeping a close eye on all of my positions through these next couple of days because a sell off is inevitable. Thanks for reading!