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Lost the post-"security issue" might be I am using a public wi-fi- Tried to update the chart as PJP continues to demonstrate weakness- Healthcare & biotech are in disfavor while the major indexes are up. MY belief that The concept of support and resistance has a stronger meaning when the...

The prior chart snapshot was taken mid afternoon, and it looked as though things were headed lower- Actually, the selling paused, and going into the close- some early buyers stepped in Long- Note the higher closing bar - on this time frame- Yields a lower open today, with a sharp decline into...

Late Lunch break- Mid afternoon glance- PJP decining to $67-Fast bars -straight decline- Curious to see how far it goes before it shows and turns. This is occurring while all the major indexes look in the red- hadn't seen what prompted this round of weakness- Presently, I'm pleased that my...

After holding this position for several weeks- and seeing price move higher into positive territory-I expected that would have resulted in a momentum move higher- I raised my stop-loss to break-even ($69.00) following yesterday's positive price action- That positive fizzled today- and...

Took a week and a bit of weakness to finally move higher-Closed at $69.71- Now, let's see if it can muster some buying momentum next week!

PJP - managed to close up near the prior high range- closing at $68.95- just $.15 off my entry with a high of $69.42 . I'm expecting that it will try to break higher from here- as long as the larger markets still look to be positive - The political climate could certainly derail any...

Thursday -10.8.15 A view of the daily chart and some possible support and resistance levels based on prior price action- Interesting that the steps lower occur in 8% drops following the initial decline lower- where possible buying support comes in. Decline YTD is about 24%-...

A simple observation : In seeking to apply TA principles to a chart- an assumption is made that Support & resistance levels- exchange of buyers and sellers finding value- is a significant and respected way to view a chart. The Fallacy within that belief and application, is that the...

Following up with the PJP position- Had a market rally today and PJP got back up to within $.50 of my entry. Initial Target is still $74.00 The wide volatility - illustrated by the fast chart- demonstrates how choppy this is, and how fruitless a tight stop would be this past week. So...

Watching this trade for a couple of days, The price weakness that was evident when the larger market sectors rallied and closed higher did not bode well for this position- As they say, -a 'rising tide' floats all boats - and if your boat does not participate when the rest do- better check...

If I was using a Daily chart- I would use the same Entry- If I had access intraday, and real-time charting- I would have selected an entry above the prior closing high above the resistance bar that occurred Thursday. That being established- the $69 entry was belated- but Valid-...

A good friend responded to my posting of the PJP trade pointing out several valid reasons that perhaps i should not be trading at all at this point in time- Ability to be focused on the act of trading is #1-My focus is divided between the day job, the never-ending home project, and some...

This Friday 10.2.15 , The futures looked grim and the jobs report came in weak-well below expectation- One of the reasons for the price reversal heard is that the market interprets this weak jobs report as an incentive for the Fed to not make any rate raise in the next month- A logical...

Posting a 10 minute chart of PJP that includes what occurred on 8-24 - "Flash Crash" I should have taken 1 minute chart snapshots- but did not- and limited to going back that far in time in stockcharts faster time frame data. Point I want to make is in a "flash crash" type of situation- a...

Today's price retraced- and my original $24.50 stop would have become a market sell. Since i worked late and did not get home until 8 pm,,, i barely glimpsed that the markets were higher- perhaps because of the budget vote? Regardless, Giving myself the time to view the trade, and it's...

Was filled at $25- in reviewing the chart- I will look at the most recent daily push lower to adjust the stop just below- $24.00 is below the prior spike lower- allowing for the wider volatility- . in calculating a stop-loss- the best stop is the tightest stop- but there is also a need to be...

99.299.288.15 9.28.15- It's been almost a month since my last post- and I've held 3 positions -PJP, RXL, HACK during that period of time- I set stops under the recovery lows of the prior flash crash- and then proceeded to go resume working on the home project- I did not try to tighten...

Congratulations on your decision to fund a Roth account! Good Move! I assume with your income you will add into your Roth the $5,000.00 ANNUALLY- your account could grow substantially- Tax Free! I do not know anything about Fidelity or their costs to make a transaction or Fees to hold your...

Follow up- today's sell-off took a $600 toll on the account as well as hitting stops on TQQQ , XBI with RXL still a leveraged position.