Matt's got BAC as a trade idea. Buy over the next resistance, or near support if it pulls back.

thanks, ditch, good advice. I'll just sit back and see what happens.

It's pulled back pretty hard from just a couple days ago, since it's inverse to the market/realty trusts. I am looking for a good place to add to my position, which is now in the red. Watching a 60 min chart for the 60 sto to cross above 20. What do you think?

I'm no expert, but matt's chart looks good, I'm sticking w/ it. The volume is good on the b/o today. It bounced off the 7.11 area where there some resistance from a previous high a few days ago.

that's a great idea!

I got it as a BPT trade idea in early Dec. (Have bought it before, too. Should have held from those March lows!) Then a day or two after the b/o they announced a stock offering.  I've had enough experience w/ those to know there'd be a quick dropoff and then a recovery. I added to my position on the drop and sold some when it filled the gap then waited to see what it'd do after that. I went ahead and sold on Matt's advice. (thanks Matt!)

Okay.  Anything you're especially watching right now? I have lots of alarms set for BPT trades, but not sure which are the better setups. Thanks!

Matt (or others), I still own LINE, and it's having a good day today, almost back to break even. Would you please comment on the chart if you have time to look at it? Thanks.

To avoid seeing all the replies to previous posts, I click on "View All," but in that view I do not receive the pop-up alarms. I have to click on "Trading Community," then it gives me the alarms.

on stronger than ave volume. I put my stop at my entry price, $25.85. I'll probably stop out.

never mind - it just broke the lower line.

has pulled back to the support uptrend line. Volume is below ave.

Thanks rank! I am in and enjoying the ride.

Ditch, thanks for this one!

I knew enough to stay the hell away. Not ready for that kind of trading!

A few weeks ago I did an analysis. I  compared to see if you entered only the trades that retraced 1% or 2%, and the results were that you did not do as well. This makes sense, since some of the retraces wound up being stop outs - the trade was headed in the wrong direction. And the few trades that did not retrace were headed in the rightdirection and did very well, so you miss out on those by waiting for a better price that does not materialize.

Be nice to see greater volume.

Great chart. I put in a price trigger alert. thanks rank.

yeah, hadn't thought of it that way - !

You could play DUST for the GDX short and independently be playing DZZ based on Matt's chart and analysis (it's a trade under the Trade Ideas button). I am in fact doing this. The gold miners do not track gold metal exactly. And really, with DUST now available, there is no reason to use DZZ as the ersatz short for GDX.