All Entries Tagged With: "moving average"
Stocks to Watch for Friday 3/28/09
Suncor Energy (SU) – Long @ $24.50 with a Stop @ $22.50 and a Target of $31.00
SU gapped up to a new high last week before falling back to test the trendline and the 20-period moving average. The stock formed a higher low today, confirming the uptrend, and I’m looking for a move back up [...]
Stocks to Watch on Friday September 12, 2008
Just about every trading day Trade Artist will list long and short equity setups with defines trigger prices and stop prices. On days where no stocks are listed we didn’t find any good risk/reward setups. Sometime sitting on your hands is the best approach to the markets.
Ticker
Close
Direction
Trigger
Target
Stop
Notes
BRCM
$22.28
Short
$21.41
$17.00
$22.50
BRCM has been in a downtrend and recently pulled [...]
Market Overview – July 31st, 2008
It’s been a few weeks since I did a market update post. I apologize but it’s been a busy summer. If you’ve been following things the last week or so it’s been a crazy volatile market. Up big one day, down big the next.
If you look on the chart below, the rally that started on [...]
Barf! Market Overview – June 26th, 2008
The markets tossed their cookies today, the big three all down around 3% or more. My call last week was that the market (DIA) may pause just long enough to allow the 8-day moving average to catch up, and it did just that before falling off the cliff. Quite honestly I wasn’t expecting anything that [...]
Market Overview – June 20th, 2008
What a week! The DIA was down almost $5 this week which equates to about a 500 point fall in the Dow. If you read the headlines the media will try to say it’s the price of oil or the credit crunch that drove the each day, but really it’s all in the charts. Sure [...]
Market Overview – June 2, 2008
Just like we predicted, the Qs traded down to 49.00 (48.96 to be exact), bounced off the bottom channel line and closed right above the 20 period moving average. Does that mean the down-move is over? My guess is no. We may see some sideway trading for the next couple days or a small bounce [...]
Stocks to Watch – May 30th, 2008
Just about every trading day Trade Artist will list long and short equity setups with defines trigger prices and stop prices. On days where no stocks are listed we didn’t find any good risk/reward setups. Sometimes sitting on your hands is the best approach to the markets.
Ticker
Close
Direction
Trigger
Target
Stop
Notes
HES
$122.81
Long
$123.35
$136.00
$118.50
Bottoming tail reversal off the 20-period moving average.
OXY
$91.93
Long
$90.85
$100.00
$90.50
Basing around [...]




