Point and Figure method - trading journal

[elit]

LEN performs well in the double top patterns, so far really well

http://www.paf.am/?di=5B4S

 

[elit]

Here's a real loser - SKUL - the "Skullcandy" earphones kids used to want to have, but now rather die than be seen wearing them.

http://www.paf.am/?di=C31L

 

[elit]

NRG breaking both P&F trendline and resistance

http://www.paf.am/?di=7M4B

 

[elit]

NVS

Breaking double top and long term resistance - two birds with one stone?

http://www.paf.am/?di=OJW1

 

[elit]

DLTR

"dollar tree" actually made me some good money back in the days, but now severely under performing

http://www.paf.am/?di=R73B

 

[elit]

SP500 has had a great move and we are in for a reaction/pullback. We might stay flat also before trying to break out through the resistance.

http://www.paf.am/?di=XMMG

 

[elit]

PHM is a great option for higher prices ahead

http://www.paf.am/?di=S6ST

 

[elit]

AFL having a nice pullback in a strong uptrend. Nothing on the P&F chart that would make us want to avoid trading it.

http://www.paf.am/?di=BE6M

 

[elit]

A Wyckoff Point and Figure charts provides us with a nice overview of the resistance we are meeting in the SP500.

http://www.paf.am/?di=55I1

 

[elit]

We have had a fantastic run in SP500 (which is higher than Nasdaq). We are very much extended from the moving averages, something that cannot go on forever. Traders should note that we are in for a reaction or to be range bound.

There are bullish topics in the air. According to Lipper, funds got inflow of in $18.3 billion first week of trading this year. The 4th largest inflow since January 1992.

We are exactly at the resistance level.


http://www.paf.am/?di=U8UH