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.
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%.
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.
