Recent content by toybits

August 09,2013 index analysis: The indices make a pause day (dow) or a small uptick (spx, comp). This removes some of the bearishness and makes the overall pattern a little more sideways. My main indicator here of the uptrend being intact is if prices do not close decisively below the 20MA...

August 08,2013 index analysis: The indices fell for the second straight day and crossed the 20ma at their intraday lows. They managed to close above this MA, but there's weakness in the uptrend at this stage. Not a time to be aggressive! position: square at the moment, but will allow...

Plan for the day: index analysis: pausing on low volume position: Breakeven stop placed for WGO, use the 10ma to cut half if it pauses at this stage plan: 1. can put one additional position - orders in place for ODFL and OSTK, watching WAL 2. can put a new position if half of WGO...

Plan for the day: index analysis: indices at new highs position: opened ODFL but will close today unless the Thursday highs are broken early (similar to WTR last week). Didn't chase FLT as it gapped up on earnings plan: 1. entry orders placed for WGO and OSTK, watching WAL

Plan for the day: index analysis: Big upmove with volume on all indices. Uptrend very much intact position: closed both positions, hesitated a bit on WTR which caused me an entry on EDU. LCC was closed as price action was bad on a strong upmove day plan: 1. buy FLT and ODFL on...

Plan for the day: index analysis: Bad price action on the indices and with volume at that. Look to cut weak positions and only put in new ones if indices test highs. position: 1. WTR - was able to cut half at the open, and looking to cut the remaining at tonight's open as well. This...

Plan for the day: index analysis: Indices still within a range, with the Nasdaq testing highs but backing off at the close. Doji's past two days which signal indecision ahead of the Fed tonight. Uptrend still intact position: 1. WTR - downtick day, as planned will decrease position to...

Plan for the day: index analysis: Indices still within a range, although IBD notes that the SP500 had its 3rd distribution day since July 11. The Fed will probably be the day that the indices make an upmove or downmove from here. At the moment though, this is still an uptrend and I would...

hi, been reading your thread and it looks interesting, do you mind putting in some charts? thanks

Plan for the day: index analysis: Indices look strong and may break recent highs, might do a QQQ if this happens. position: fully positioned at the moment with WTR and LCC, both MA plays, no new positions tonight plan: 1. MA half stop - if positions break yesterday's low (entry day)...