Stock Trades
Stock Market Update: Bulls In Control…
After the follow-through day on Monday, the market seems to be digesting those big gains from last week by resting here as volume decreases. The follow-through day marks the end of downtrend and confirms the market in uptrend. This doesn’t mean that you go out and start buying stocks randomly. It’s just an indicator that [...]
Stock Trade Update: Short Goldman Sachs (GS)
Updates (Monday, November 2, 2009): This trade on GS short was closed out on Friday at 172 for a 5 point gain when the alert was sent out to the subscribers. Today another email alert was sent out to short GS between 172-173 with some technical explanation as to why GS looks vulnerable on [...]
Stock Market At A Glance - Decline Continues…
Major indexes declines on much higher volume and leaders are being pounded left and right while the US dollar seems to be changing the trend here to the upside. This market is now showing major weakness signs and has either broken major support levels or is about to test one. A 10-12% correction followed by [...]
Stock Trade Update: Short Goldman Sachs (GS)
Finally, it looks like Goldman Sachs (GS) is indeed vulnerable to the down side. With that in mind, lets short GS and see if it breaks below its 50 DMA (176). I took a good chunk of position in GS short trade at 183.29 with a stop at 20 DMA (185).
On the long side, [...]
Stock Market At A Glance - Financials Lose Steam
Why this market can’t hold the key levels, like 10,000 on the Dow? Do I smell something fishy? Maybe. But today’s action sure felt like the big money crowd is starting to liquidate their position and raise cash. Some of the biggest loser were in the financial sector and the real action started when Dick [...]
