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 […]
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 […]
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 […]
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/
U.S. Steel (X), Two Time-Frames, Two Trades
At TheSteadyTrader.com we trade in multiple time-frames, meaning we take advantage of opportunities in the near-term, mid-term, and longer-term time-frames. While that means that we have trades and investments on in different stocks and ETFs, it can also mean having multiple open trades in the same underlying security at any given time. Today I […]
Update on Bucket 1 Trade on Visa (V)
As just posted on Twitter before the closing bell rang, I closed the long rental in Visa (V). See the earlier post here: http://steadytrader.wpengine.com/quick-bucket-1-trade-on-visa-for-today/ We took a small loss on the trade but it was worth the shot. First quarter is in the books now. My plan is to take it fairly easy tomorrow, not trade […]