Some unusual survivors of the recent lows. For the Salmon Investor (the ones who are always swimming up stream), the high volume accumulation makes this an interesting long term buy. Massive short position and recent low make this high risk, but there may be a worthy squeeze. Diminishing volume suggests a shorting opportunity for this…
The S&P500 looks terrible… Really terrible… Invest with caution… Until some X’s get printed on these charts, it’s time to be short short short.
Perhaps the disclosure of my miserable trading was the catharsis necessary to turn this shit around. I covered my QQQQ short’s ~30, and I’m holding some long @ 29.85. Good volume coming in, upside target, lol, just hit it at 30.72, and sold for a solid 2% move. This shit is fucking crazy. Maybe it’s…
After losing ~4% of my equity in various long plays, I called it quits on Monday after the QQQQ’s breached 30.50 and went back into cash, the dollar (UUP) and some shorts. This market felt too heavy to rally, and time is working against it as GS and MS sag lower and lower, potentially sparking…
I’ve been doing more tinkering with stockchart.com’s free P&F charts. I like Point and Figure over Candlesticks because price can be scaled to Average True Range, which helps expedient trend recognition. If you aren’t familiar with ATR, look it up and read something by Van Tharp. Aside from charting, Average True Range is a statistical…
ONNN, DTG