A choppy downward trend to say the least.
Though the Dow and the S&P did some little convincing move, the Nasdaq made an "ugly" move.
Thursday, May 24, 2012
Thursday's Ugly Market
The market (QQQ, Nasdaq) did not do any good today except to give up what was gain yesterday.
A choppy downward trend to say the least.
Though the Dow and the S&P did some little convincing move, the Nasdaq made an "ugly" move.
A choppy downward trend to say the least.
Though the Dow and the S&P did some little convincing move, the Nasdaq made an "ugly" move.
Wednesday, May 23, 2012
Wednesday's Trade Setup
The market made a reversal from its downward trend from the open till noon time.
The best entry for a long trade is at around 1:00 pm. ET. as pointed from the arrow.
Takes a lot of patience in waiting for the setup to get triggered.
The best entry for a long trade is at around 1:00 pm. ET. as pointed from the arrow.
Takes a lot of patience in waiting for the setup to get triggered.
Monday, May 21, 2012
The Market After The Close
The market was cooperative today.
All you have to do is buy in the open and sell in the close.
Easy money err...trading in today's market.
Sometimes the market gives you easy money, all you have to do is take it with an open arms.
Though the market doesn't give opportunity daily, but when it offers, it will be a big reward.
Like today's market, all you have to do is observe (monitor) the market daily.
All you have to do is buy in the open and sell in the close.
Easy money err...trading in today's market.
Sometimes the market gives you easy money, all you have to do is take it with an open arms.
Though the market doesn't give opportunity daily, but when it offers, it will be a big reward.
Like today's market, all you have to do is observe (monitor) the market daily.
Wow... The Market Is On Fire!
Looks like the market can't do no wrong today.
The bears are running for cover, they're nowhere to go.
For the bulls, enjoy the ride!
The bears are running for cover, they're nowhere to go.
For the bulls, enjoy the ride!
Facebook looks like running out of "face" or "out of love"?
Shown is the 5-min chart of the much "overhype"? IPO, the FB.
What can you say with this?
Well, Zuckerberg is enjoying his after effect wedding, and his stock is falling (out of love).
What can you say with this?
Well, Zuckerberg is enjoying his after effect wedding, and his stock is falling (out of love).
Monday's Trade Setup for NQ (QQQ)
The market bounce after lingering (from sickbed) for almost two weeks.
Shown is the 1-min chart from the Nasdaq QQQ where the best entry is from the pullback (arrow) after the open.
And let it ride, adjust the trailing till run out of gas.
Enjoy the uptrend, possibly till the close!
Shown is the 1-min chart from the Nasdaq QQQ where the best entry is from the pullback (arrow) after the open.
And let it ride, adjust the trailing till run out of gas.
Enjoy the uptrend, possibly till the close!
Sunday, May 20, 2012
Friday's Trade Setup For Russell 2000
Friday's market was a profit taking day.
Facebook IPO did not help the market to rise.
Shown are two short trade from the Russell 2000 (TF in Futures, IWN for etf).
By just inspection, one can put two short trades.
The first trade can be shorted from the yellow line (the previous close) and the cover is at the red line (support). You must be quick to cover at S1 because that's where most traders are watching. Notice the big red bar that bounced from the red line?, it's a sign that it is going to reverse.
The second short trade is below the yellow line and the descending cross over of the 20MA and the 10EMA. Cover at the close is the most appropriate area. The second short entry can be justified clearly because of the downtrend third lower highs of the day. Besides, it's below the previous close plus the MA/EMA's crossovers.
Facebook IPO did not help the market to rise.
Shown are two short trade from the Russell 2000 (TF in Futures, IWN for etf).
By just inspection, one can put two short trades.
The first trade can be shorted from the yellow line (the previous close) and the cover is at the red line (support). You must be quick to cover at S1 because that's where most traders are watching. Notice the big red bar that bounced from the red line?, it's a sign that it is going to reverse.
The second short trade is below the yellow line and the descending cross over of the 20MA and the 10EMA. Cover at the close is the most appropriate area. The second short entry can be justified clearly because of the downtrend third lower highs of the day. Besides, it's below the previous close plus the MA/EMA's crossovers.
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