Today was a perfect example of taking advantage of a counter trend rally as a perfect entry point for a trade with the trend Yesterday, MON was up almost 9%, however, during the recent counter trend rally, all up days have been on much lower volume the down days. Yesterday’s rise left the downward trend [...]
A quick update. Monsato, along with the market, has opened higher today. I'm would wait until the last hour of trading today to open this trade, as it will give a really nice entry point and increased profit. If the market makes any sort of significant turn around, use that as the signal to short Monsato. Trend Analysis By [...]
Update #1 – JRCC JRCC has been a great short pick. It is in a downard channel and showing no divergence what so ever. This pick has gained 20% in two days, and we’re already adjust trailing stops! The target still about 3 dollars or another 10%. Click To Play Update #2 – SNHY SNHY [...]
Jobs Numbers and Weak Retail Sales Push The DOW Down… As expected As a chartist, I really enjoy it when fundamental news is released and price action does exactly what the chart predicted it would do ahead of time. That’s exactly what what is going on with the DOW this week. If you’ve been following [...]
