Buy signal trading LEAP- November 15, 2010* Trading signal for daily price bars Buy price: $11.92 Sell stop price: $11.32 LEVEL HIT – November 29, 2010 Short term profit level: $13.17 LEVEL HIT – January 03, 2011 Long term profit…
SDS Supported At Projected Low
Last week the SDS was trading into new 52 week lows. Two projections were made for possible support in the SDS. The 25.38 price level was tested on two occasions and then on Tuesday 9, 2010 SDS traded to 25.35.…
LEAP Trades Into Wave One Territory
Yesterday LEAP was on the watch list for a long term wave 4 triangle to be breaking out. The chart analysis gave the possible setup and entry points. So far today, its unclear where the E wave may have ended…
Leap Wireless Trading Triangle
Leap Wireless International (LEAP) is a long way from the long term profit level set in early January. This trade hit the sell stop only a few days after the trading signal, but regained enough of its upward momentum to…
Trade Signal WATG_111010
Buy signal trading WATG- November 10, 2010* Trading signal for weekly price bars Buy price: $9.47 Sell stop price: $9.24 LEVEL HIT – November 15, 2010 Short term profit level: $10.70 Long term profit level: $11.50 Trading Signal Buy Chart…
WATG Trading After Earnings
First it was up, then it was down. Just yesterday we made price projections for WATG that expected more bullish trading. Today WATG traded down over 12% after trading up 6% in premarket to 12.00. What happened? Earnings came in…
Trading UGL and GLL Gold ETFs
GLL is the ProShares Ultra Short Gold ETF, and it doubled its volume today. UGL, the ProShares Ultra Gold ETF made a 52 week high. One chart has gone straight up and the other straight down. Simple enough, but a…
DryShips Trading Higher
In late September 2010 we revisited possible trading scenario for DRYS. The stock has traded up 33% since this point and earnings are expected to be released tomorrow. This could create even more volatility for DRYS. Although it has been…
Analyzing Price Motion In WATG
WATG hit a long term profit level set in May 2010 yesterday, trading to 11.37. WATG Q3 earnings are expected to be 0.320 | 0.231 | 0.170. There is one stock split for WATG and it took place on June 24, 2006. The low…
Wonder Auto Technology Reaches Price Target
Wonder Auto Technology – WATG reached a long term price target today. The projected price of 11.37 was set on May 27, 2010. Initially the stop was triggered in this trading set up, possibly because the expected internal wave 1…
Smith & Wesson SWHC Wave Analysis
In a world where guns seem to be worth something again, the fundamentalist may persist along side a longterm shareholder of Smith & Wesson. Both now arguing that we never really left that world, and that rational prices in SWHC…
Eastman Kodak Trading Scenario
The short pullback that was expected in EK this week largely did not occur, and there always is a reason. You can not always just chalk up missed trading calls to market exuberance or market malaise. There is usually always…
Trade Signal SWHC_110510
Buy signal trading SWHC- November 5, 2010* Trading signal for daily price bars Buy price: $3.82 Sell stop price: $3.17 LEVEL HIT – June 8, 2011 Short term profit level: $6.42 Long term profit level: $7.21 Trading Signal Buy Chart
EK- Eastman Kodak Back On The Trading Radar
In May of 2010, a long analysis of Eastman Kodak was written inferring that the correction expected for EK could possibly reach lows of 3.70 to 3.35. In August of 2010 EK reached this 3.70 trading level as well as…
SDS Breaks 52 Week Low As Averages Reach Towards New Highs
The other day SDS was trading off recent lows with support. Yet, once, twice, three times- a fourth time tested bottom does not make a bottom. In most cases a bottom can only be tested twice successfully. Today SDS broke…
MPEL Reaches 7.20 Price Target
Today in pre-market trading MPEL reached 7.25. A long talked about price target, 7.20 has been in the mix since one of the original buy signals was placed for MPEL in February of 2010 at $3.70. Trading in MPEL closed…
SDS Tests 52 Week Low
As Barons Decides “Bye-Bye, Bear”, the SDS tests a 52 week low set 1 week ago. The cover of Barrons declares that stocks as a whole will jump 7% by next June 2011, the economy will grow steadily and that…
Trading Analysis Price Motion Scenario For ManTech (MANT)
On the monthly chart there is ambiguity to price motion due to the lack of price history since the IPO. It is important to always start with the largest time frame to identify the most powerful trend in play, even…
Melco Crown Entertainment Reaches Price Target In Early Trading
MPEL was trading up over 6.5% at todays open, Vol / Avg. 10.82M/5.95B, and triggered the long term price target of 6.20 mentioned in the watch list earlier this week and outlined initially in May’s buy signal. After reaching this…
Automated Trading The Hard Way
Although transactions in the market are executed in a number of ways, whether electronic or human, a tick in a markets price has objective and could be categorized as either a trade or an investment. Traders and investors, to the…
MPEL Trading Near Another Price Target
Melco Crown Entertainment traded very close to a long term profit level set earlier this year in May. MPEL traded to 6.10 on October 21, 2010, just 1.6% from the price target, but still up over 90% from the buy…
Trade Signal MPEL_102010
Buy trading signal triggered on MPEL on October 20, 2010**. MPEL- Buy signal triggered on MPEL on October 20, 2010* Trading signal for 15 minute price bars Buy price: $5.33 Sell stop price: $5.22 Short term profit level: $5.70 LEVEL…
Melco Crown Entertainment Upward Momentum Price Resolution
Yesterdays trading in MPEL is on course with previously mentioned price targets. With the markets, as well as MPEL, being so extended of late, reevaluating a position to its near and long term targets is a safe thing to do.…
SDS ETF Raises Questions About Market Direction
Has the SDS lost its way or is the market on a historical stimulative binge? There has been a complete reversal in sentiment in the markets and technical indicators seem to be fooling as well. Yesterday the SDS looked to…
Price Motion And Time Frame
Just like the many variations in a stock pickers picks, many times charts can be telling you the same thing differently. There is a common thread among all charts of the same equity that creates a semblance of these differences;…