Stock Swing Traders
- Thread starter coolweb
- Start date
========================Quote from coolweb:
long gm and HAL?
both are in a downtrend
wait till an up bar to enter with some kind of support.
Sold HAL like a week ago
Stock was just acting right +
Too high.
Coolweb;
don't mean long either one, only have bought GM to cover /close shorts for years;
it was a comparison % between a GM long term downtrend & HAL being in long term 200dma uptrend.
With the unusual selling in oil -gas sector,, in FEB , you may profit on ''wait till an up bar to enter'';
prefer more than 1 up bar/candle to enter with Unusual sell vol also
Fierce Feb selling in oil/gas sector and though they are still in nice uptrend on 50/200 day moving averages;
pre market looks weak for XLE,OIH.....
Not only does premarket look weak for XLE,OIH;
thats unusual fierce selling much of Feb,
MAY VERY WELL continue. Some already below 50 dma.
And while I may help the polar bears in oil/gas sector/below 50 dma;
except for 1 oil/gas long stock in IRA;
that sounds like a VERY brief time frame trade ''wait till 1 up bar to enter with support ''in that sector
CoolAnd while XLE,OIH are still in nice50/200 dma uptrends;
some related are still staying /dropping rather rapidly below 50 day moving average;
favorite short sell area in William O Neil short selling book
some related are still staying /dropping rather rapidly below 50 day moving average;
favorite short sell area in William O Neil short selling book