Stock trading picks suitable for trend and swing trading are few and far between. Weeding them out leads to a style of swing trading that results in a system of trading that may not offer the amount of trades required to get some of the juicy low day trading commissions offered for aggressive trading schedules. If done right catching the reversal properly... it stands to reason that only one trade may be needed.. making the space between trading quite a gap.
Saturday, December 10, 2011
Thursday, December 8, 2011
I had a call (telephone that is)
This call was from a stock promoter, and we had a discussion on the present market conditions... so shortening a long story... I get as many as two or three a day sometimes, sometimes more if I am available to answer the phone... I always open up a live Level II tracking portfolio on each of the callers to track their mentions. It has been my experience that I often wonder what motivates them to call as much as they do in a broad market downtrend and promote buying a position to go long.
Monday, December 5, 2011
MDL.V in a trading range:
Medallion Resources is in what would be comfortably called a trading range that is positioned very low to it's last relative high. A green weekly trade triangle has just been issued a few days before mid November, and it came up as an alert. I'm showing a nice looking Club chart. I'm also showing a red weekly triangle today... Patience... it could just be part of the trading range... .14 cents has seen this type of flushing since early October, so at this point... I think we are seeing frustrated traders who moved in too soon... second guessing themselves.... with patient traders who like the same chart buying up the impatient traders... if we hold the .14 cents going into Santa's rally... this could a be worth taking a small position. If you have level II,
we are showing a slow motion teardrop.
Micky Fulp has committed to holding his position until March 2012.
This leads me to watching closer on level II and playing around with some fun on the cuff charting of which most studies are supporting the other.
The volume is still low, so taking a position here would be potentially a low risk entry point in the .14 to .17 cents range. If your an REE fan, click on the link in the sidebar to see some charting for MDL.V... The Chart shown is the same one described in the Chart School.
I need to point out that MDL.V is a highly speculative stock and with Tax selling just gaining momentum... only those who have experience should make any choices with this stock. MDL.V is an explorer with projects. This not a typical proven stock that you would use Market Club to analyze, however the temptation to apply speculative analysis is intriguing... check out the right side bar for the MDL.V link.
GLTA Lostoutwest
If you see the hand mousing over screen shots... click on screen shots to enlarge them.
After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
|| Stockcharts Public List ||
|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || GOOGLE
Please read our Complete Disclosure
Subscribe to:
Posts (Atom)