Pigs don't make money. Just tripped my sell order...made almost $1. If you played along, congrats.
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Smart Money's Swing Trades Thru T.A.
- Thread starter Smart Money
- Start date
This one will be good to watch for a re-entry in the next couple days. I'll also be watching SBUX for a re-entry too.
Just bought GPRO for $62.63. Seems to be going sideways to up, and I should be able to squeeze 1% out of it either way because it's kind of low in its sideways trend. Here's a chart: http://stockcharts.com/h-sc/ui?s=GPRO&p=D&yr=0&mn=2&dy=0&id=p65596270288
Just picked up WAL too. Nice rounded trough...I love those. $34.21.
Just picked up WAL too. Nice rounded trough...I love those. $34.21.
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Had to sell my positions in WAL & GPRO because I work a day job and I have to be away from the computer. I had a third position in COKE that popped nicely overnight, so I thought I'd just sell all positions and keep a small profit for the day since I'll be out.
Looks like I missed an ugly day. I was seeing the market turning negative, an opted to take the money and run instead of put in trailing stops waiting for more. Right now I'm not in anything. Looking at the market now: http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=3&dy=0&id=p60547940658 we're either range bound or moving down. I prefer not to swing trade in a down market...that's like trying to run up an escalator. So I'll wait and see. Unfortunately, I found out I'm going to be out of the office at my day job for a week or more, so I don't know what I can do. I may have mornings off. Just stay tuned. Right now, the only POTENTIAL good plays I can see are SCO and SDS. But that is still dependent on their charts day to day.Following
Looks like I missed an ugly day. I was seeing the market turning negative, an opted to take the money and run instead of put in trailing stops waiting for more. Right now I'm not in anything. Looking at the market now: http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=3&dy=0&id=p60547940658 we're either range bound or moving down. I prefer not to swing trade in a down market...that's like trying to run up an escalator. So I'll wait and see. Unfortunately, I found out I'm going to be out of the office at my day job for a week or more, so I don't know what I can do. I may have mornings off. Just stay tuned. Right now, the only POTENTIAL good plays I can see are SCO and SDS. But that is still dependent on their charts day to day.
Wish I hadn't been in the field. Ah well. At least I didn't lose anything.
Bought COST at 146.19 and SO at 46.56. I think the power companies are the beneficiaries of the low oil prices, which is why they are on a tear. Costco isn't getting creamed by this downturn, which appears to be tapering off. We'll see what happens.
This chart makes me real comfortable with COST over the medium term: http://stockcharts.com/h-sc/ui?s=COST&p=D&yr=0&mn=7&dy=0&id=p03313254572 Looks like it may be repeating February and March's action.
The chart on SO http://stockcharts.com/h-sc/ui?s=SO&p=D&yr=0&mn=7&dy=0&id=p54127285006 makes me think I *might* be late to the game so I'll be more like a rabbit with SO than I will with COST. But still, with SO, I think there is some fundamental stuff driving it...lower petroleum cost equates to lower energy production costs which leads to more profits...that's probably why it's popping. How far will it go? I don't know. Profits from SO should come quickly. COST should come slowly.
The chart on SO http://stockcharts.com/h-sc/ui?s=SO&p=D&yr=0&mn=7&dy=0&id=p54127285006 makes me think I *might* be late to the game so I'll be more like a rabbit with SO than I will with COST. But still, with SO, I think there is some fundamental stuff driving it...lower petroleum cost equates to lower energy production costs which leads to more profits...that's probably why it's popping. How far will it go? I don't know. Profits from SO should come quickly. COST should come slowly.
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Staying the course. Nothing in my charts telling me to exit.