Let It Go and Come Back Refreshed.

December 21, 2009 by  

As I prepare to leave on Holiday I am switching gears and  putting all things trading aside.  Enjoying  the wonders of nature is my focus for the next  few weeks.  Read more

GLD-Gold ETF

December 16, 2009 by  

For the past 5 days, GLD has tested support of 110. Today it moved up $1.38 with a closing price of 111.59. It has triggered and confirmed long.

Exxon Mobile Buys XTO

December 14, 2009 by  

The news was released today that Exxon Mobile will buy  XTO Energy Inc., one of the leading oil and gas companies.   XTO  gapped up $7.02 at the open in response to the news.  It is important to note  that it is generally the company being bought that moves on the news  not the company doing the buying.

Testimonial on FFIV trade

December 11, 2009 by  

This morning I recieved this testimonial from Gary W. who completed the class last month.

Bought FFIV Jan 45 call on 12/2.

Eight days later.

Stock up 5.31%
Option up 43.24%

Great job! Gary

RIMM

December 10, 2009 by  

RIMM moved out of its’ channel,  broke through 62 resistance and realized a  $4 gain in two days.  Now sitting at 65 resistance.

FFIV Looking Rather Bullish

December 9, 2009 by  

FFIV  recently showed a nice double bottom on prices as well as  on the Williams % R.  It closed  above 50 on Friday and continued up on Monday’s trading. A round number of 50 is an  important psychological number. Read more

GLD-SPDR Gold Trust ETF

December 7, 2009 by  

GLD has made a nice run up. Having  moved out of  its’ October channel  on November  3, cleared 105 resistance and then steadily marched up. We also saw  Williams %R give a nice double bottom trigger. Read more

Trading Bias Neutral

December 7, 2009 by  

Our Trading Bias is  NEUTRAL. The Big Three index charts continue to  bump up against overhead price resistance. resulting in a channel pattern. Read more

Aeropostale (ARO) and Situational Awareness

December 3, 2009 by  

This morning before market open we saw a clear trend reversal pattern on ARO.The plan was to enter long should the broad market and ARO move up. Read more