January 2011
16 posts
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Trade Of The Week: Short ALNY
My pick for the week is ALNY short. The stock has been in downtrend for a good time now. ALNY bounced from below 9 levels to weekly value before turning down again with the overall market. On the daily chart stock dropped below the 50dema and looks like there might be going on a bear flag formation. In case of broader market weakness this stock is likely to be a potential participant.
I am...
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Trade Of The Week: Long GMR
I don’t know if the music I am listening influences my stock selection or not but I am getting a bit thoughtful about that. Right now the music playing back ground in my office is an enormously beautiful song Sleeping Sun by Nightwish. It is a story of the beauty of the darkness, wishing that this night time will last for a lifetime. I highly encourage you to listen to the song from Youtube to get...
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Painful Lesson
I hate when this happens and it happens every now and then. Today was more than painful day. LF was hit by earnings pre-announce news. Bad thing. Stock gapped down far below my stop and I got very cold shower. Lost more than what was my expected gain from the trade. That really sucks but also reminds me why I very seldom put more than 10-20 percent of my capital into a one single trade. It’s...
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Job Recovery →
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Trading Ideas
Markets look mixed. They have been hanging very well even though they are overbought on almost all timeframes. What is overbought or oversold? Markets can keep on going far longer than expected in both ways. However, there is one proven truth about the markets, they oscillate. There will be time when some selling will step in and thus it is good idea to look at plays from both sides. The up trend...
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SLW
SLW has sold of sharply among other silver plays after a parabolic up move. SLW touched its trend line drawn from July 2010. The stock is very oversold and looks like it is poised to bounce at least for the short term. We might easily back test the 50’s are which will tell the next chapter of the story for us.
Trade carefully,
Matias
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Trade Of The Week: Long ENER
The overall market looks tired and former leaders have been lagging lately. Are they showing us the overall direction? Only the time will tell. I chose to trade ENER this week. I like the way ENER has traded in the trading range since last June.
The daily impulse has just turned blue at the level which looks quite natural support. I’d like to take the long position when the price penetrates...