Friday, February 29, 2008
FREE STUFF COMING SOON
Free training on covered calls coming HERE soon! This is a strategy the Oracle of Omaha has used for many years.Also, THIS is your chance to ask a question and have it answered by one of the greatest investors of all time for no charge.
Now that's a hard deal to beat!
Saturday, February 23, 2008
Weekly Update
This week we'll take a look at what's going on in the BRIC Trade. Since the last buy signal off the Stochcastic I've noticed that Brazil (EWZ) started trending up first. Russia seems to be picking up steam, while India and China seem to be flopping about like fish out of water. I think India will soon realize it may be better for their markets to allow shorting of stocks by institutional investors. Sometimes as the shorts buy to cover it can provide a bit of a cushion to a falling market.The latest Moosignal calls for no switch, GLD is still a HOLD.
The GARP Spotlight this week is on ABB as they oust the CEO in order to put into place a plan for growth. T. Boone Pickens added to his position recently for whatever thats worth!
Thanks for stopping by and good luck this week!
Labels: BRIC ETF's, decisionmoose, garp stocks
Friday, February 22, 2008
Catch the Moose
RedDirtTrader is not sure how many trader's follow the DECISIONMOOSE, I just recently began following the trading program myself. I've added the MOOSECHARTS to my public chartslist @ Stockcharts.com . Also, RedDirtTrader built a MoosePerfchart to help track the 8 ETF's that are used. The most recent Moosignal was to switch from cash to GOLD back on 11/23/2007 @ $81.25.... It closed at $93.25 yesterday.
That's over 14% gain compared to the S&P 500 being down more than 7% over the same time period. Nice call Bill ! Although I didn't get to profit from the most recent call due to the fact that one of the rules is to not enter a trade until a switch is signaled. But, it was very tempting, when GLD bounced of the trading band on the daily chart. Something tells me to keep following this system for awhile.
Labels: commodities, decisionmoose, technical analysis
Monday, February 18, 2008
A REAL DAY OFF
Thanks to President's Day I felt I really had a day OFF! I think every leap year we should all take this day off and reflect on WHO the next man (or woman) should be to lead this country. I spent my day golfing HERE and made up my mind. This Person is the one I feel can lead us to becoming a greater nation.Saturday, February 16, 2008
Weekly Update
For the week the SP500 managed to squeeze out a small gain of 1.40%. Since the breakdown below the neckline and the bounce off the 38% Fibline we have seen the chart coil up into a triangle formation. Wednesday & Thursday should provide some market moving news that could get us out of the triangle.I'm going to spotlight 2 GARPSTOCKS this week. My scan must be doing something right I'm beginning to see more mentions of stocks on my list. So for this week I'll be keeping a close eye on ASYS and SAY. Both managed to close the week above their trading bands and the 50 and 200 day simple moving averages. That said, these 2 stocks are doing better than probably 70% of the stocks that make up these markets.
This week there are some new links added to my blog. Here they are VinceRowe.com, AAii, DECISIONMOOSE, moose perfchart and Moose Charts .
Thanks for stopping by, enjoy the weekend and good luck next week!
Monday, February 11, 2008
SPOTLIGHT CHART
I've decided to start spotlighting one of my GARP stocks each week. This weeks selection is NGS. No particular reason other than if you were to draw a line connecting all the recent bottoms it would seem as though this stock is trying to find support. We'll give it a couple of weeks and see what happens. The stock went through a nice accumulation period from mid-March to early May. The momentum players caught the breakout and this stock found resistance near $20. It then formed a cup with a rising handle and once it broke above the old resistance on high volume it comfirmed the pattern. More accumulation occured on the recent pullback and we have a Buy Fractal@ $18.50 and a SellFractal@$16.51 ... So there it is the Spotlight Chart.Sunday, February 10, 2008
The Brokers Grain Pain
With Hard Red Spring Wheat limit up thirteen of the past sixteen days and Chicago and KC wheat limit up everyday last week, how are the brokers making anything from commissions? Answer is they're NOT. So here's the fix for that problem. PRICE LIMITS will be raised from 30 cents/bushel to 60 cents/bushel. That's an increase from $1500 per contract to $3000. I'm sure if this doesn't work the flood gate is now open and they'll just keep raising the limit moves until some actual trades can take place.
Labels: commodities
Friday, February 8, 2008
GARP STOCKS in the NEWS
Wednesday, February 6, 2008
Tech Rally May Come Very Soon
If the upward moving trendline holds has support we could have a tech rally looming. I'm preparing for it. Looking to take advantage of any rally with QLD. $NDX:$SPX Chart
Labels: Nasdaq 100, sp500, technical analysis
Tuesday, February 5, 2008
My Latest GARP SCAN Results
ABB led off the list once again. Not because it is the best pick of the 28 Stocks to make the cut on the GARP SCAN. It's only because my results show up in alphabetical order. Although, JIM CRAMERICA now says BUY!BUY!BUY! Shit! the word is out before I could buy all I wanted. Anyway this list looks to have lots more good stocks on it that are still under the RADAR. I'll update the RED DIRT TRADER CHARTS soon to the newest GARP STOCKS LIST. SeeeeYaaaaa!!!
Labels: garp stocks, growth stocks, stock scans, stockcharts
Sunday, February 3, 2008
Weekly Update
This is one hell of a correction or the beginning of the next Bear Market. The WARNING SIGNS showed up some time ago. The reverse H&S pattern target was hit in October '07 on the WEEKLY CHART . But if you look at the bounce off the the 38% retracement line and the bounce off the lower bollinger band on the MONTHLY CHART you would think this is only a correction. I'm treating this as a bear market beginning due to the fact the charts tell me to. I've been somewhat defensive since July 2007 and the repositioning helped. My retirement fund is up for the year and so far I'm beating the S&P500 by about 6%. Carl Swenlin has some interesting comments on the markets in his latest interview. Enjoy the Super Bowl and have a great week.
Labels: candlestick charts, sp500, Super Bowl, technical analysis
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