Wednesday, July 19, 2023
Explain BITCOIN to Complete Beginners: Ultimate Guide!!
Monday, January 24, 2011
$HKO:$USD - Daily Candlesticks
$HKO:$USD - Daily Candlesticks: "
Using the $CZM for this chart now. This is a Triple leveraged ETF with holding in BIDU and other Chinese Stocks.
via StockCharts.com
"Using the $CZM for this chart now. This is a Triple leveraged ETF with holding in BIDU and other Chinese Stocks.
Thursday, August 19, 2010
RedDirt Update
The path of least resistance is to the downside. Trendline support from the March '09 bottom to the low of July '10 is around 1032.75 on the September futures contract. Resistance remains at the 1130 level. What I think will happen is a slow drift lower to around 1040-1045 in early September for a seasonal low. What I THINK and what HAPPENS is relative to reading the chart on a daily basis. So tomorrow things will probably change!
We could easily see a bounce to the 1094.50 level in the futures. I'll be trading off 512 tick and 3200 tick charts along with watching the hourly with pivot points.
For the Joe's out there, Support @ 1032 and Resistance @ 1130.
So, what I said weeks ago about being range bound is still intact. The last four months have been a option writers delight.
We could easily see a bounce to the 1094.50 level in the futures. I'll be trading off 512 tick and 3200 tick charts along with watching the hourly with pivot points.
For the Joe's out there, Support @ 1032 and Resistance @ 1130.
So, what I said weeks ago about being range bound is still intact. The last four months have been a option writers delight.
Wednesday, August 18, 2010
Time to call it Quits!
Wednesday, August 4, 2010
Sept. Sugar
September Sugar made a hammer today with the low of 17.95 which is .48 above the 29 day moving average. The high of 18.96 will be closely watched tomorrow by this trader.
A breakout above that high could lead to a retest of the recent high of 19.88
The recent rally isn't showing any bearish divergence so this may be the start of another leg up.
Tomorrow's Pivot Point is 18.60 with 1st support at 18.23 and 1st resistance at 19.24
A breakout above that high could lead to a retest of the recent high of 19.88
The recent rally isn't showing any bearish divergence so this may be the start of another leg up.
Tomorrow's Pivot Point is 18.60 with 1st support at 18.23 and 1st resistance at 19.24
Friday, July 30, 2010
Old vs. New
Friday, July 23, 2010
Update
RedDirt has been busy setting up the new trading desk. I'll post some pictures soon.
Wednesday, July 7, 2010
Where's the market headed?
The advance decline line tells me that we are in an accumulation phase of the market. With the 50 day ma still above the 200 day ma this may take more time to play out. With a sideways pattern staying above the 200 day ma leads me to believe the next leg up is in the near future. Exactly when it will start is not known. Normally the fastest money is made during the 2nd leg up of a bull market. I think we could see the Dow move to the 14,000 level during the next move. But first we must see a S&P500 close above the 29 day ma.
Sorry for not posting more often but I just haven't had the time. Between my day job and managing 3 accounts of my own, Time is Short!
Tuesday, May 25, 2010
Hammer
Take a look at the hammer candlestick formation made today. This should set up for a bounce. I'm sure I'll be long the S&P500 and looking for a PROFIT! With the 29 day and 65 day about to cross negative, the 29 day ma will be a place to take some chips off the table. Opening stoploss will be the low of the hammer. Hope that support doesn't get broken and take me out of this trade. I will watch the open on Wednesday and if we gap up I'll wait at least 15 minutes, maybe more before entering the trade. Let me explain, if the low of the open gets taken out within fifteen minutes of that open then I'll be patient and look for the gap to get filled. I'll be watching support levels such as the pivot points and my intraday moving averages. It's important to be patient. If the market opens below the high of the hammer I'll probably place a buy stop just above the hammer and place my initial stop just below the low of the hammer.
Sunday, May 16, 2010
Probably Range Bound
We could be setting up for a range bound or sideways trade for a couple of weeks. Looks like support will be 1100 to 1104 while resistance should be drawn from the April high to the 1170 area high of May. We could channel sideways or make a descending triangle pattern before the next big trade comes along.
Thursday, May 6, 2010
Whew!!!!
Lots of fun today! Only order for me that was filled was for $JOEZ. I placed a buy limit some time ago to buy 3000 shares at a limit of $1.60 and today I got it.
Monday, April 26, 2010
RedDirtUpdate
The $SPX chart is showing some bearish divergence in the StochRSI as well as weakness in moneyflow. With 62.8% fibo retracement setting at 1227 we may finally be looking to a tradable pullback.
Gary from Between the Hedges blog has once again let us know some of his long positions. CLICK HERE
Bill Dirlam from DecisionMoose sticks with IWM for another week.
Over the weekend I purchased my membership to the AAII website. The reason for this was to gain access to their stock screens.The Oberweis Octagon scan has been hot lately. But the scan results I really wanted to see was the Piotroski. Some of the others also caught my interest such as the Motley Fools "Foolish SmallCap 8 revised" scan. I also continue to use my own scans for stock finds. My GarpScan and my ten-bagger scan continue to work well.
Tuesday, March 30, 2010
Is it Time to put on some Shorts?
When I start seeing black candles I tend to want to put on some shorts(literally and figuratively), go out and play golf, come back in a couple of weeks and buy a few GARP Stocks.
Sunday, March 21, 2010
It is Time to Pass Health Care Reform
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