Sunday, May 31, 2009
Where's the Moose?
Why have DecisionMooose follower's been on the sidelines during the market rally since March 9th. Here's why, this isn't about QUICK MONEY, it's about YOUR MONEY! Bill Dirlam is not about taking uneccessary risk! He's about preserving capital so you can survive this market! Be Patient>>>>>>>>>
Thursday, May 28, 2009
Dollar:Silver:Gold v. TLT
The $usd is in a downtrend yet it is out performing the long bond. Silver is trending higher against gold and still yet silver is in a star position with the gap up and a doji for the day. What to do? Nothing......Wait this thing out is the advice I give myself.
BE PATIENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Tuesday, May 26, 2009
What Chart Pattern?
Have we just completed the head of a reverse Head and Shoulders pattern? Could this be the left shoulder of a reverse H&S pattern? Is this the left side of a W pattern? Or, could this be a V Bottom? One thing is for sure, the trend is still down! The Moose stays cash for another week and RedDirt is mostly cash for another week. I'm seriously thinking of buying SH with a stop just below $65.21..........I'm still searching for some growth stocks since they seem to be undervalued when compared to the value stocks. Looks like TechGrowth would be the best bet for now! Following Gary from Between the Hedges for some good IDEAS. Good Luck with all your trades and thanks for stopping by!
Saturday, May 16, 2009
Farmer's Market
My wife's weekly trek to the local farmer's market got me interested in seeing how the ag-business is going. The first thing I normally look at MOO. The ETF has made a nice run. Click on the chart to see a bigger view. Here are a couple of related articles.NEW ETF AG STOCKSWednesday, May 13, 2009
FORD?
I'm out of F. Ford is in a gap. The gap could either be filled or closed. As I see it there is another gap support area down around $4 that I have my eye on. Very high volume at the start of trading and the end of trading today. The 10 minute chart says stay away. The $4.71 low of today says the 60 chart provided support at the 29 day moving average. That was also confirmed with the little bounce of the daily 29 day moving average on the stockchart daily chart. If people in the know are saying to buy Ford under $5 they could mean buy it at $4 or $3 or $2 or $1. As I said earlier in this post I'm watching support at the next gap support level around $4. Another way to approach a trade in Ford would be to buy the stock with a break of resistance above $6.54 on HIGH VOLUME. Here is a look at the 10 minute Scottrade Elite chart. Also take a look at my stockchart daily chart.Sunday, May 10, 2009
Trying out a new Tool
I'm trying out a new Screen Capture tool called Screen Hunter. Here's my first attempt. The chart to the left shows my Scottrade Elite monthly chart for the SPX which I captured using Screen Hunter. Notice the Williams%R below the -50 line during the past two Bear Markets. Take a look at the bearish divergence in that indicator just before the big market downturns. Scottrade charts allow you to click and drag indicator windows and the price window to the size you want. As you see in this chart, to make my point, I enlarged the Williams%R window. As you can tell by looking at this monthly chart we're still in a big time BEAR MARKET! Click on the chart for a better view.Russia on a Roll
Russia ETF (RSX) has been on a roll since March 9th. Up over 70%. I only wish I'd put more money to work and bought it or any of the other BRIC country ETF's. Click Here for a link to the perfchart. Set the scroll bar at the bottom for the past 45 days which should get you a good picture of the big run which began around March 9.
Tuesday, May 5, 2009
sell
I sold my last remaining shares of Ford today. I entered the trade at $2.39 and sold the last 500 shares at $5.87 this morning at 09:31:18........Also unloaded my DDM 12 seconds into the open @ $28.48....Last sell of the morning was BWEN seven minutes into the trading day for a price of $8.00..Still holding 500 shares of BWEN that I purchased for a price of $$3.65/share. I'm thinking of selling my last 500 shares of DRYS which I bought at $4.38 and closed today at $9.73 and my sell limit on GE is @ $14 bucks. So, as of the close today I'm at 14% stocks and 86% cash. I've not yet thought about going short or hedging my GE. Thinking more about building a buy list to execute when this correction or consolidation ends.Stockcharts.com has went through a major face lift. Once there look to the right side bar and click on PUBLIC LINKS. Then the left side bar looks like it always has. Click on the PerfCharts or any other links on the left and things are as they've always been. Thanks for stopping by to see what RedDirtTrader is keeping his eye on!
Saturday, May 2, 2009
RedDirtTrader Update
I've been taking some profit over the past couple of weeks. I sold half my position in BWEN and F when they doubled from my entry point. Also, I sold half my DRYS position at a 80% gain. I'm still holding my small (350 shares) position in GE. I have a sell limit set at $14.00 for that position.
I've been putting together a watch list of Gary's long positions. Gary is the author of Between the Hedges Blog. Here's what is on that list so far. ISRG, AAPL, GOOG, DISCA, QSII, MS, ILMN, GILD and URBN.
Decision Moose continues to hold a cash position since his last switch came on April 10th. That switch came after a loss in his GLD position. Not very often have I seen a losing trade by Bill Dirlam. His program is right most of the time. Just take a look at his record.
I'm at 70% cash and 30% stocks at this time. My largest position is DDM followed by BWEN, GE, DRYS and then F. I also have small speculative positions in CYRX and VRAL.
The $NYAD is extended far above it's 50 day moving average. I think it may be time for a consolidation period or possible correction.
Thanks for stopping by and good luck with all your trades.
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