SEE - Chart Link - trying to break the
trendline base, support is the MA's below and the 9 EMA, not shown,
have a stop in place
BAS - Chart Link - over the trendline off
the highs, obvious support is the MA's below
RF - Chart Link - testing the broken
trendline again, would like to see it hold in here
SNPS - Chart Link - pulled back from
resistance, however watch to see if it has support at the MA's,
such as the 9 MA, many times you can get a lower risk buy at a
support level vs waiting for a breakout
again we have the FOMC tomorrow, so I can also see not being too
aggressive, if the market was oversold, I would like these a lot
better for swings, but it's not oversold,
Posted by frtaylor on 31st of Jul 2012 at 11:38 am
Can you do some follow-up on XHB? It lost the 20dma this
morning, and I'm trying to decide if I want to go ahead and exit
out rather than wait for it to lose the 50.
frtaylor - I think you are asking about why is the 20/50 EMA on
XHB daily chart that I showed last week along with the other sector
charts? Generally on the daily charts I add SMS's 20,50,
except for the 9 EMA. Steve made those sector charts and
added the 20/50 EMA's. Honestly I wouldn't worry about that,
I don't think it he meant that as technically significant, we use
20/50 EMA's on 60 min charts, perhaps he made that from a 60 min
chart originally, who knows
trade ideas follow up
Posted by matt on 31st of Jul 2012 at 11:31 am
more comments on trade ideas
SEE - Chart Link - trying to break the trendline base, support is the MA's below and the 9 EMA, not shown, have a stop in place
BAS - Chart Link - over the trendline off the highs, obvious support is the MA's below
RF - Chart Link - testing the broken trendline again, would like to see it hold in here
SNPS - Chart Link - pulled back from resistance, however watch to see if it has support at the MA's, such as the 9 MA, many times you can get a lower risk buy at a support level vs waiting for a breakout
again we have the FOMC tomorrow, so I can also see not being too aggressive, if the market was oversold, I would like these a lot better for swings, but it's not oversold,
Also, I'm interested to know
Posted by frtaylor on 31st of Jul 2012 at 12:03 pm
Also, I'm interested to know the idea behind using the EMA's instead of SMA's for XHB. Thanks -
RT
Can you do some follow-up
Posted by frtaylor on 31st of Jul 2012 at 11:38 am
Can you do some follow-up on XHB? It lost the 20dma this morning, and I'm trying to decide if I want to go ahead and exit out rather than wait for it to lose the 50.
frtaylor - I think you
Posted by matt on 31st of Jul 2012 at 12:49 pm
frtaylor - I think you are asking about why is the 20/50 EMA on XHB daily chart that I showed last week along with the other sector charts? Generally on the daily charts I add SMS's 20,50, except for the 9 EMA. Steve made those sector charts and added the 20/50 EMA's. Honestly I wouldn't worry about that, I don't think it he meant that as technically significant, we use 20/50 EMA's on 60 min charts, perhaps he made that from a 60 min chart originally, who knows
Thanks. Was just curious.
Posted by frtaylor on 31st of Jul 2012 at 01:34 pm
Thanks. Was just curious.