Technical Trades
Technical Analysis applied to Stocks and Futures.

I just updated the DOW futures page on this site, so check it out. I will be posting all future “futures trades” to the CBox (message box) in that page. Best to all.

Lookin’ good thus far….
Entry here.

The good news for CERS is that it’s done a major fuzzy C and price is still above it. While price is over it, the long-term bias should be long. But short-term, the channel short and SHS combo makes this one unattractive right now. Stalk time to wait for a test […]

YM Futures trade +127 and open today.

“..One could also wait for a double bottom entry with tight stop under for an even better r/r…”
ELN pops!

From the recent entry here:

Nice pop from yesterday’s perfectly timed entry. Note the fresh low risk good reward entry presenting now, with inverted head and shoulders pattern. Buy the R shoulder or wait for the neckline break to buy. One could also wait for a double bottom entry with tight stop under for an even […]

It ain’t rocket science folks. Look for the pattern, and apply sensible r/r to the trade. The pattern may fail, but the discipline must not. Control the exits and you control your financial future; regardless of what the critics say. Troll’s will try to discredit the truth and blur your vision, […]

The next opportunity.

Intraday chart. I note while charting it up and posting, price is dropping for the S2 entry right now. Long 16.20 with stop under low of day.

61.77.

Done the 5th completion and presents a great risk/reward long entry here at the ‘b’/double bottom intraday. Logical stop is under the 5.
EDIT; perfect entry this one. Stop to even when +2% would be wise. EDIT; stop hit.

Risk reward doesn’t favor bullish entry at this time. A drop to intraday support levels of R1 offers a 4% risk setup with logical stop being under today’s low to target an upper channel resistance area. However, considering the double top potential on the daily, the fact it found major bollinger band […]

Further to MOVI bullish bias posted 17 days ago, the 4 was completed and we are seeing the 5th up in a nice bullish fashion.

previous charts
here
here
here

Folks, thanks for your patience with the recoding the site layout. I have finally drilled down on the resolution issue. This site is now resolution friendly between 800×600 and 1280×800 resolutions. My resolution is 1280×800 and so I format with that resolution, sometimes unaware of how it will look at other resolutions […]

Now +3% from entry lots of green hope. Fresh buy signal today on the hourly PSAR/Money Flow chart. For new readers, when PSAR is bullish and money flow hits 70, that’s the trigger.

Looking good for bulls. We have an inverted head and shoulders pattern with neckline break on the 10 and 15 minute charts. I am long the dow futures with +25 points and a stop to even. Anticipating bullish snort the last 25 mins of the day.

Today I announce a new Burnt Toast Award winner…….and it is PLAY. Stop on bias is $10.50.

I note that Burnt Toast Award holder #6, GEG, hit its +20% short target from the call. I posted a short entry for it but one would have needed a 6% stop loss to have […]

I have moved the highly popular Burnt Toast Awards from http://spike-burnt-toast-awards.blogspot.com/ to this website location, and will give it its own category. Visit the old site for archives.

Some chart thoughts. Bullish chart.

Further to the daily of the S&P500 I did a couple of days ago, below is the weekly. I have also included a weekly chart of the $INDU. Nice major $SPX channel long and the reaction was a bullish one. I think this takes precendence over the daily and we […]

Setups up with very nice r/r to short at current levels. Short the close of 11.68 to target the gap fill of 27% with 3% stop at 12.00 over price resistance is r/r of 9. Very nice.

Neutral bias on this one.

This stock shows why it’s wise to take your profits on an upper channel tag. That’s a 45% discount after the April call. Yowza for bagholders, and congrats to those who did take their profits like good TA readers (I know one fella who did anyway so congrats Lye). This is […]

Previous post for parl can be found in the archives on 4/12/06 (ctrl+f with the word PARL and you’ll find it). The chart from that post is here when prices were 30% higher than they are today, and that chart shows technical reasons for the recent sell off.
Today, here is the […]

Previous post for LU can be found here or in the archives. Here is the chart from that time:

The chart today shows that the bias in that post was right on and that LU is facing troubled waters in months ahead. Weekly money flow is now on the red side of bullish happiness […]

Another fuzzy C setting up. Outstanding money flow. But there is some volume resistance at 4.14 from Nov ‘04 as well as recently, so it may be prudent to wait for that area of resistance to be broken by resistance buyers. A weekly close over 4.00 will be a very bullish […]

In the same group as ACTU (previous post) is OPNT, and the chart is a very nice one that presents an opportunity to stalk the fuzzy C long entry near volume by price support and price support of 13.50.

The previous chart for ACTU was here and shows the crucial C support area and a 1.5% risk long setup. That setup failed in June to 3.65 to arguably form a weekly handle from which price is now impulsively moving out of. So it is bullish once more after taking out the significant […]