Today’s pre-market video is ready to watch now:
http://steadytrader.wpengine.com/video-2/april-2011-2/
My ebook is now available: ‘Multi-TimeFrame Trading & Investing
‘Multi-TimeFrame Trading & Investing – A Comprehensive Trading Plan’ (ebook) Pick it up here: http://steadytrader.wpengine.com/trading-plan/
Vmware (VMW) Still Looking To Rock At Higher Levels?
Before I get started, let me say that even though VMW looks good here for a long, I do think it came a little too quick too fast. As such I would l am looking for a little pullback to somewhere around $84-$85, where I will consider buying some for a bucket 2 trade. […]
Good Morning, I will record the pre-market video shortly:
It wil be available here: http://steadytrader.wpengine.com/video-2/april-2011-2/
Netsuite (N) Still Looking Frisky For Further Upside
And…one time in band camp…umm…this tape is getting to me. A quick note on Netsuite (N) here. Note the nice upward trend in place since August 2010, which has led to a narrowing trading range this year. The stock is holding up well even in today's intraday reversal (at least thus far). A move above […]
S&P 500 Inverse Head & Shoulders Pattern?
I'm not going long on this basis along and need more confirmation, but note the inverse head & shoulders pattern in the S&P 500. The SPX currently also sits right at the 50 day moving average (yellow line) and this morning is gapping up 0.7%. I need more confirmation to go long, but for now […]
Chesapeake Energy (CHK) Short-Bet Update
After yesterday's sell-off in CHK I initiated a short position, as discussed here: http://steadytrader.wpengine.com/chesapeake-energy-chk-failing-at-important-levels/ Today the energy sector is getting a bid (XLE is up 0.90%) and CHK is playing along, up 2.25%. Looking at other energy charts like Exxon (XOM), Schlumberger (SLB) and others, the recent supply doesn't make those charts look much more attractive […]
Today’s pre-market video is ready to watch:
http://steadytrader.wpengine.com/video-2/april-2011-2/
Calgon Carbon (CCC) A Solid Environmental Play
CCC caught my attention two weeks ago as it broke higher out of near-term technical resistance. Looking at the weekly chart below, we now see it making a run at breaking out of a two year consolidation/narrowing trading range pattern. You can look at it in a pure technical/chart pattern sense or see what it […]
Today’s pre-market video is uploaded and ready to watch:
http://steadytrader.wpengine.com/video-2/april-2011-2/