Canuck SmallCap Trader Blog: I'm seeing broadmarket distribution

Thursday, January 20, 2011

I'm seeing broadmarket distribution

Looking at the TSX and Venture in the Stockcharts Public List over the last few weeks there has been a series of hiccups getting closer grouped over time and as such it signals a weakness in the near term broad market uptrend... which is mainly in metals and commodities (gold & silver)... the venture appears more vulnerable...

GLTA Lostoutwest

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A Swing Chart Trading System Gorilla Style

Current Penny & Small Cap Watchs and Plays

Follow the picks on the Current Trade Page and track along... Charting this penny stock along with other potential uptrends...

Cematrix Cematrix Corp.

Watch the charts at the end of these links and make favorites for future looks to see and feel a time line of success or failure. Get a feel for playing Small Caps...Charting an uptrending stock. The Cematrix link above goes to the Cematrix Stock Charting Page.

The following links do as well... going to their own respective stock link starting page... so if you recognize something... check it out......

Nemaska Lithium
Stock link starting page.

More Stocks Chosen
Index of stock link starting pages.

Market Timing
A short description of the 12 month passage of timing

Bottom Watch
Bottom Watch Archives

Trading List (potential stock trades)
Canuck Smallcap trading stocks List

Home ...........Back to the Current Trade Page!

TMX Money Most Active & Movers

TMX Stock Screener

A keen observation
Where has all the money gone

Private analysis for something not listed - Email Me

Historical Studies of Good, Bad and Ugly Pump

Chosen are three different sector stocks that have had their turn at being extremely overbought in relation to their actual fundamental value. They demonstrate that there is an underlying current that is not obvious and does not always move to the tune of the news releases. Their price moves on sentiment (fear and greed) and is deeply related to broad market trending in that particular sector.

ADX Trader "WORK" Study ( Make your own chart)

ADX Trader "FOCUS" Study (MDL.V) Special charting potential "Mickey Fulp Pick"

ADX Trader "FOCUS" Study (URC.V) Special charting potential "Crash" (Bounce)

ADX Trader "FOCUS" Study (TKO.TO) 2011 #1 Pick "Market Correction Bounce"

"ADX TRADER GALLERY" for updates and charts being followed

All of these stocks have had heavy promotion. Some actually have strong speculative considerations.

Trading Tips

Chart School for Public List

Breakouts break the following rules... If a stock breaks out, bollinger tags or touches are ..NOT.. tops or bottoms. However:

If a stock is ranging..., Bollinger touches are..., in most cases, a top or bottom that is consistent. Bottom touch (bullish)

Top touch (bearish)

If a stock is down trending... a sell the top strategy (shorting)... Upper bollinger touch is adopted.

If a stock is uptrending... a buy the dip strategy...Lower bollinger Touch is adopted.

If a stock is ranging..., Price breaking through a top or a bottom bollinger line..., is a top or bottom signal to trade (most times) in or out. We look for up side trend breakouts to hold.

If volume is up...breakouts can be runaway in either direction.

There's the conundrum... look to supporting volume and supporting indicators to make the sell or buy decision.

We like to position for long holds off of lower bollinger dip picking entries, if possible.

We buy pullbacks (bottom pick) or catch dips in rising trends and continuations. Continuations emerge out of studies that are at first glance looking like tops.... Only rising trends produce new highs mistaken for tops. Dip picking starts there.

Keep in mind Small Caps tend to be either over-bought or over-sold. Volatility plays a part. Look for some kind of solid quality in the chosen stock. They chart and respond to technical analysis better. Quality protects from fraudulent issues. No guarantees though.

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Footnote Tip!

"Looking for something"____The "Current Trade Page" Page is home where every thing starts there... Down the right side panel is the master index..full access! Go to the Stock Starting Page Index
This link leads to an index of the current plays.

... start your search from there... each stock start page is the source for all it's associated links... Always go back to the Stock Starting Chart Page Index Page to select another Stock Starting Chart Page. Besides the charting gorilla style.... this blog is all about the starting pages being the spot from where you surf the site from! You can access any indexed page under a catagory from any page...! Have a great time following something you like!

Current Trade

Thursday, January 20, 2011

I'm seeing broadmarket distribution

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