Are Pharmaceutical Stocks About To Rally Big?
check out the chart on DRG (AMEX Pharma Index) and note the big multiyear resistance area at $320. You can also pull up a chart on Pfizer (PFE) for example and note a similarly juicy long setup. In the daily newsletters I am discussing entry points and how to manage and trade around the position […]
Chesapeake Energy Following-Through To The Downside
CHK is following-through to the downside after falling out of a consolidation wedge last week Tuesday (April 12) (read herehttp://steadytrader.wpengine.com/chesapeake-energy-chk-failing-at-important-levels/). We discussed price targets in the morning newsletter today and are managing the position accordingly in the chat-room. Our first target price is $31.
today’s morning video is now uploaded and can be watched here:
http://steadytrader.wpengine.com/video-2/april-2011-2/
Early Monday Morning: Troubled Waters In Euro-Land
We awake this morning with the euro down 0.50 % vs the greenback and some 'interesting' news, In Finland the 'anti'euro' party won a crucial stake in the parliament, which could mean the Portugal bail-out plans by the euro union will stall. Moody's not to be out-done downgrades all Irish-Government garanteed banks to Baa1, […]
Is The S&P 500 Ready To Soon Make New Highs For 2011?
That's the question many investors are asking themselves as we sit somewhere between resistance ($1345) and support ($1300). Last Thursday's test of the $1300 area and subsequent bounce with follow-through on Friday may have been a the signal we needed to go long again – note the bullish candlestick on Thursday's trading session. In my […]
In This Week’s Free Weekly Newsletter: Gold, Home Depot, Goldman Sachs
Sign up here, it's FREE: http://steadytrader.wpengine.com/newsletter/ You will also receive the Bonus Trading Plan Preview for Free! It is 21 Pages packed with details of my Trade Setups, Systems, and Methodologies.
Infosys Technologies (INFY) Failed At Major Technical Support
INFY dropped 13.42 on Friday after disappointing fourth quarter results and uninspiring forecast. Two Charts to focus on: First the daily chart where we notice a 5 month long head & shoulders pattern that is just now starting play out asthe neckline got broken on Friday….at $65. In a perfect world the ultimate profit […]
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/
Goldman Sachs (GS) Still Looking Very Precarious
You can read about this particular trade setup in my new ebook: ‘Multi-TimeFrame Trading & Investing – A Comprehensive Trading Plan’ Available here: http://steadytrader.wpengine.com/trading-plan/ As this setup relates to Goldman Sachs (GS), the fact that GS failed at the 61.8% Fibonacci retracement and at the 50 day moving average (yellow line), then pierced through the 200 […]
Home Depot (HD) Is Breaking Out Today, Watch This!
Today is the day…at least it looks like it so far, when HD is breaking higher and we are starting our accumulation process. See my post from yesterday, making the case for a nice move in HD: http://steadytrader.wpengine.com/is-home-depot-hd-ready-to-rip-higher/ In the chat-room this morning we are discussing how to scale in, out, and where to set stop […]