I think the VIX is an oddity, in that it mean reverts to a long
term number. So the market is basically saying that the vix
is momentarily "shocked" downwards right now. (similar to how
you know gas prices are higher in the peak of winter but the spot
price might be settling that day, very low)
for what its worth, im long XGD (a canadian gold stock ETF) as I
live in canada. This sector in terms of the CAD hasn't been
really that strong, as the loonie is just off par with the
USD. For any Canadian's reading this, I use the XGD.TO:IGT.TO
ratio the same way as the gdx:gld ratio.
I just looked over the my currency ETF's and the brazilian one
is the only one that also has a breakout formation pattern.
And quite a few of them also have decent patterns. I think if
the currency breaks out, and the chart of the stocks, you might get
a stronger move. just a thought as I look over my charts
tonight.
I probably havent been watching breakout patterns for as long as
you guys, but have you ever noticed that when there are TOO many
breakouts, they don't do well? The 2 months of narrow
consolidation has created alot of these short term bases.
It's not hard to find a ascending triangle pattern right now.
One with good volume patterns is a bit harder tho.
I would imagine that supply/demand even works for the number of
breakout stocks out there.
Just gonna toss out my watchlist for everyone. Don't know
which way the market is going to go as everything always *seems* to
point to a correction - except for price. So, I figured I
would have shorts and longs ready to go.
BDC and FLS are more "honorable mention" shorts, as they don't
look AS good as the others. They probably really depend on
the broader market.
Here's a trade idea for the new year. It's a wireless
stock so it does have some 'thesis' momentum behind it.
Perhaps talk about fundamentals is shunned upon here, but its
decent relative to some other names. The longer term pattern
I think measures up to 12.5. It's part way there, but how has
this little flag forming. I think it's good for a quick trade
if the market holds up.
btw - Happy New Years everyone! good trading in 2010
The community is delayed by three days for non registered users.
HOG
Posted by riskmanagerjeff on 12th of Jan 2010 at 10:41 am
Here's a short trade idea for the day. HOG. Trading back almost up to 25 where it broke down.
earnings are on the 22nd
I think the VIX is
vix
Posted by riskmanagerjeff on 11th of Jan 2010 at 12:56 pm
I think the VIX is an oddity, in that it mean reverts to a long term number. So the market is basically saying that the vix is momentarily "shocked" downwards right now. (similar to how you know gas prices are higher in the peak of winter but the spot price might be settling that day, very low)
long xgd
Anyone trade on Gold stocks GDX, LONG or SHORT?
Posted by riskmanagerjeff on 8th of Jan 2010 at 02:50 pm
for what its worth, im long XGD (a canadian gold stock ETF) as I live in canada. This sector in terms of the CAD hasn't been really that strong, as the loonie is just off par with the USD. For any Canadian's reading this, I use the XGD.TO:IGT.TO ratio the same way as the gdx:gld ratio.
amkr
Posted by riskmanagerjeff on 8th of Jan 2010 at 01:38 pm
just gonna mention this one again. its been trading in a really tight range for the past several days.
fyi - dry bulk shippers
Posted by riskmanagerjeff on 8th of Jan 2010 at 01:09 pm
http://stockcharts.com/h-sc/ui?s=DRYS&p=D&yr=1&mn=0&dy=0&id=p54731417748&a=181886805&listNum=26
some of these look like they are breaking out.
I just looked over the
too many breakout patterns?
Posted by riskmanagerjeff on 5th of Jan 2010 at 12:38 am
I just looked over the my currency ETF's and the brazilian one is the only one that also has a breakout formation pattern. And quite a few of them also have decent patterns. I think if the currency breaks out, and the chart of the stocks, you might get a stronger move. just a thought as I look over my charts tonight.
too many breakout patterns?
Posted by riskmanagerjeff on 5th of Jan 2010 at 12:00 am
I probably havent been watching breakout patterns for as long as you guys, but have you ever noticed that when there are TOO many breakouts, they don't do well? The 2 months of narrow consolidation has created alot of these short term bases. It's not hard to find a ascending triangle pattern right now. One with good volume patterns is a bit harder tho.
I would imagine that supply/demand even works for the number of breakout stocks out there.
RMJ
MGA
Posted by riskmanagerjeff on 4th of Jan 2010 at 11:47 am
shoot.. i dont know how i missed this one last night. maybe cuz i was prepping my list at 2am?
http://stockcharts.com/h-sc/ui?s=MGA&p=D&yr=1&mn=0&dy=0&id=p29341534234&a=183563175&listNum=26
but i just bought it anyways, since the pattern is much larger..
Long and Short trade ideas
Posted by riskmanagerjeff on 4th of Jan 2010 at 02:46 am
Just gonna toss out my watchlist for everyone. Don't know which way the market is going to go as everything always *seems* to point to a correction - except for price. So, I figured I would have shorts and longs ready to go.
BDC and FLS are more "honorable mention" shorts, as they don't look AS good as the others. They probably really depend on the broader market.
RMJ
Trade Idea - ARUN
Posted by riskmanagerjeff on 31st of Dec 2009 at 03:09 pm
Here's a trade idea for the new year. It's a wireless stock so it does have some 'thesis' momentum behind it. Perhaps talk about fundamentals is shunned upon here, but its decent relative to some other names. The longer term pattern I think measures up to 12.5. It's part way there, but how has this little flag forming. I think it's good for a quick trade if the market holds up.
btw - Happy New Years everyone! good trading in 2010
searching for a short
Posted by riskmanagerjeff on 29th of Dec 2009 at 11:48 am
Hello All,
I just subscribed to the site, so I thought I'd start by highlighting a short candidate, as I know they seem far and few between.
TJX at just beow 36.
http://stockcharts.com/h-sc/ui?s=TJX&p=D&yr=1&mn=0&dy=0&id=p70740324625&a=183086510&listNum=4