More Sequential Buys
Here is a nice setup for Charles Schwab (SCHW). The stop loss is 12.61. ShareEmailPrintDigg
read moreSequential Buys
It is time to start looking for Sequential Buy charts. Here are a few and I find it interesting that they are all energy related. CXO, XOM, APA, and CMI CXO APA XOM CMI ShareEmailPrintDigg
read moreEntry Point and Trade Plan for Western Digital (WDC)
Western Digital is a perfect example of why I don’t buy breakouts. I like the company and the hard drive story so I have been watching WDC since it broke out on March 22nd. Just look at all the nice information WDC have been giving us while it pulls back. First of all, the retracement has been orderly and on light volume. Secondly, you can see that the big money is accumulating shares on any weakness. I need to see both of these characteristics before I buy the retracement. The last thing I do before entering a trade like this is to use the Range Expansion Index (REI) . I...
read moreSequential Breakout Trade: Poplar Bank (BPOP)
As I have said in previous posts, I am focusing on short-term swing trades right now and there seems to be many excellent setups to choose from. The Sequential Breakout setup is working well right now and I’ll highlight the latest in this post. In the chart below, you can see that BPOP has pulled back to the area where it broke through a Sequential sell signal. Using my mehtods, this pullback offers a low-risk entry point for a long-side trade. I usually don’t like to mess with low-priced stocks like BPOP, but the setup looks very nice. 2.59 is the price target and you...
read moreDenbury Resources Trade
The National Championship games is boring me so I thought I would write about why I exited my DNR trade before it hit my target. After buying the recent low I would be a fool to not take my money and run. The trade almost went too well. I was never underwater and in only 2 trading days I hit my 2:1 risk to reward ratio. Keep in mind that I will buy or sell more shares for short-term trades so that 5% gain is as much as a 15% gain for longer-term trades, where I try to give myself more room for a entry timing error. I also expect to get another chance to trade DNR. Anytime you see a...
read moreClosed DNR Trade
I am taking a short-term trading strategy right now and I’m taking profits sooner than I would normally. I closed the DNR trade as it has bounced nicely from my buy point and is now hitting the 21 day ema resistance line. I will trade it again if it comes back to the Sequential Breakout level. ShareEmailPrintDigg
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