Technical Trades
Technical Analysis applied to Stocks and Futures.

For those interested in the hedge of gold during a weak market, here are some that I like on the long side from current levels.
NXG bullish:

RNO, a good support play:

RGLD bullish:

GRS bullish:

HL (silver)

Time to short it.

Time for bulls to take profits. And Howard Lindzon wisely sees today as a good time to take his profits. Good job, dude……for technically it is time too.
I had first posted about the bullish nature of RIMM back on October 17th this year here, back when it was at $110.50. […]

What’s silent and smells like worms?
Bird farts.
But something that does not smell are the results this month trading the mini Dow futures contracts demonstrated real-time in this site’s free chat room.
People have to ask themselves…..is it worth visiting the room to watch, participate or lurk?
And here are the figures to help […]

Net +$936 from 3 setups today, +200 points gross. 2 winners, 1 push. Probability 66%. Average winner 100 points.
Ho Ho Ho! Merry Christmas

+$1340 net on Thursday.
+290 points gross from 5 setups (4 shorts). 2 winners, 3 losers; 40% probability. Average winner 165 points. Average loser 13.3 points. W/L = 12.4! Nice equity curve with those numbers.
Today shaping up to be a great day too. Currently +200 points from […]

MFW is +28% since the post 4 trading days ago. Are triangle breaks so hard to understand? I don’t think so. Versus the broader market in the same time, $INDU is -0.3%, $SPX is -0.7%, $NDX is -0.7%, SPY is -0.7%.

The YM Dow mini futures contract 60-minute chart is descending as technicals appear to weaken for the broader market. I am looking for a 4 down on INDU daily to coincide with the abc correctives from a subwaved 3 up. So market is likely going to be choppy with a downward bias in […]

Futher to this post on MFW for long entry on Monday, the stock takes off today…… +12%

It ain’t always positive. 6 setups today, 5 shorts and 1 long; -12, push, push, -40, -50, push = -102 points or -$630 net. Probability 0%, average loser 17 points.

Another solid day today. 3 shorts and 1 long. +215 -25 -35 +150 = +305 points gross. +$1440 net. Probability 50%, W/L = 6 (182.5 average winner/30 average loser). Solid numbers and happy with execution today. All welcome in the free trading room.

Just created a new page called Spike’s 8, which will list the 8 most likely stocks to rally immediately from Monday’s open through to Friday’s close. I’ll release the list each Sunday night and do updates on the weekends.
Click HERE to be directed to Spike’s 8.

You’ll recall the previous PARL short posts, and there are three open positions that sit +40.6%, +33.95%, and 13.9%. One must ask the question: How much is enough? Is it ready to take profits? And the answer is no.
Daily chart calls for a 3 impulse down. Daily regression channels call […]

Technicals favor bulls.