MACD/Trendline Swing Trader

Long CLF 93

HOC.. Refiners cannot do 2 bars in a row.. trends properly 20% of the time.. miss that 20% and get hacked..

Strange day... Everything green.. Solars hot.. Thought there was bad econ news?? Markets must build patterns barring REALLY moving news.. The news simply sows seeds that are finally reaped once the markets feel like it.. not you or me.
 
The Wedge.. THE most powerful, IMHO, patterns in the markets... Overall markets building it at the expense of Oil, BUT a few energy stocks building one in the exact opposite direction.. No way markets are that logical... leads me to think next market decline somehow is sparked by oil... we'll know in the fullness of time..
 

Attachments

Pretty significant day for DRYS... Will rebuy back to 75ish or around 81 (a VERY hard area - but sentiment changes all) after trip to 85..

Big rebound in BDI rates at work (would have definitely stayed long had I checked).. As a serious trader (which I may become as housing goes down the toilet) my Morning should begin with reports such as... and what is driving them

BDI rates, Oil, Finance news... etc. They say the more you work the luckier you get.
 
Haven't looked at TNH in months as CF, MOS, AGU and TRA are enough and trade more.. TNH trades very thin these days therefore less predictable.. Support 95 to 100 needs to be worked through then yes, 80.
 
What a quiet martket..

Missed CY Long Trigger by a penny!
Long CSUN 9.3 (weakest solar.. nice Rashid!) My usual Solar ride SOL went 3 days ago and I was too weak to buy it... even weaker now. Looks bit like the May move in Solars..

Short SQM 33.04
Short BAC 30.3

Sold CLF 94.75

Shipping group really schizophrenic..
 
You must log in or register to reply here.
Back
Top