Market Analysis From Beyond The Chart

October 6, 2014 0 Comments
Market Analysis From Beyond The Chart

Another great video from Joe Hentges. We both share the same view on the market. I am looking at this recent “rally” as just a retracement rally. Just look at the indices. How many have retraces more than 50% off their highs? Watch that level closely as I see more downside coming soon. Joe hentges […]

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Five Trade Ideas Reviewed From Beyond The Chart

October 6, 2014 0 Comments
Five Trade Ideas Reviewed From Beyond The Chart

This is the first post from a “Friend Of Joe”. I really like Joe Hentges work. He is much more of an Elliot Wave trader than I am so it gives me a different perspective on trade setups and the market. I especially like his analysis of Facebook (FB). Is the run over? In this […]

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Smart Cross Is Showing More Downside For Z

October 5, 2014 0 Comments
Smart Cross Is Showing More Downside For Z

I posted on Stock Twits a while back that Z was on my “it looks like it wants to crack list” and crack it sure did. Taking a look at the new Smart Cross indicator that we are getting ready to launch shows even more downside, especially in a weak market. Here is what Smart […]

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Update on TSLA Trade Setup

October 3, 2014 0 Comments
Update on TSLA Trade Setup

Just wanted to send a quick update on the TSLA trade we took in the morning and in the afternoon. We took TSLA $250 calls on the break of the 5 min opening range and in the chart you can see when it broke the range. Here is what my entry and exits Morning Trade […]

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Today’s Trade Setup For TSLA

October 3, 2014 0 Comments
Today’s Trade Setup For TSLA

Looking for TSLA to continue its uptrend. So what I am looking for with TSLA is to break yesterday high of $252.79 and then the next target will be $254.95 and support will be yesterday low of $245.36 and if it breaks that low look for TSLA to start filling the gap up. How I […]

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Update on GOOGL Trade Setup

October 2, 2014 0 Comments
Update on GOOGL Trade Setup

Just wanted to send a quick update on the GOOGL trade we took in the morning. We took GOOGL $580 calls on the break of the 5 min opening range and in the chart you can see when it broke the range and we also got a buy when it broke the buy line we […]

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Today’s Trade Setup For GOOGL

October 2, 2014 0 Comments
Today’s Trade Setup For GOOGL

Looking for GOOGL to bounce off the Ichimoku cloud. Yesterday GOOGL tested the cloud and closed just above SpanB and is sitting on the monthly S1 Fib Pivot. Google needs to stay above S1 pivot of $579.63 and last support of span b $578.15. How I will be playing this is watching the first 5 […]

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Update On AMZN Trade Setup

October 2, 2014 0 Comments
Update On AMZN Trade Setup

AMZN short is working. Lagging line did a clean break below the cloud. I sold the 330/335 call spread on Tuesday.

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Trade Results For Open Range Breakout System On IWM

October 2, 2014 0 Comments
Trade Results For Open Range Breakout System On IWM

I promised that I would do a post on the results on the open range breakout system that I use for day trading the IWM. Having a system in place is very important as it removes the “emotional” attachment a trader gets to the trade they are in. Here are the screenshots for the past […]

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Today’s Trade Setup For IBM

September 30, 2014 0 Comments
Today’s Trade Setup For IBM

Looking for IBM to continue to bounce off the Ichimoku cloud. Yesterday was a perfect bounce off the cloud and I am looking at this closely to continue to the up side. IBM needs to break the Monthly PP Pivot of $190.04 and Friday’s high of $190.33 to continue this uptrend and the support will […]

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