The tide is rising, long JOSB, ACI and TMO

Most stocks moves with the market, so an right analysis of the market already is 70% of a stock trade.

Looks like it is moving slowly each day up, albeit the utmost negative news.

JOSB: EMA counts, stop at 37.07, Target 1: 31.49, Target 2: 34.27


ACI, MA counts, W-3 trade, last time entered on Jan 21, but trade did not follow-through.


I also took half a position size on TMO, saw it moved last time, and entered on the bounce, but Acc/Dist is only 46.7 and the bounce is not confirmed by closing above 8MA ergo one half position.



shorts:
longs: JOSB, ACI, TMO

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Friday, trades

Friday, this is the forth day SPY on traded the same range, it gaped down and closed higher. I don't know what this formation called. But there is a three white methods candle formation, still not necessary the same.


Going through Google Finance, Energy sector again has the highest gain for the day.
There I found XCO in the highest Top Mover % Percentage. XCO closed above 8 MA and 50 MA, hence confirmed W-3 movement, icing on the cake: ACC/DIST 95.2


I also found PNRA, in my watchlist, after completing Head and Shoulder and bounced up closed above 8 MA and 50 MA, ACC/DIST 78.9


then it was SUN, one big candle confirmed W-3.


shorts:
longs: PNRA, XCO and SUN

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How did I found these trades?

Today was a pretty wild ride, if price action discount everything, it certainly did today.

SPY started out my 238% extension.

45 minutes before close. At Google Finance (http://finance.google.com) you can see the following:


Financial has the highest percentage move, but I already long UYG, so I passed
Energy is next then followed by Basic Materials

In Energy, I found PBR


which also moved above 8 MA and 50 MA, 30 minutes before close that confirmed a W-3 or W-5 move.
stop is placed 0.20 below the low of yesterday.

I also like ACI and RIO both making higher highs and higher lows and moved above 8 MA and 50 MA. All three stocks showed entry for long on my oscillator.

I looked at PCX, CNX, XOM, COP none of them made the confirmed Wave moved nor making higher highs and higher lows.

Next is Basic Material, looking over the "Most Active" section, I found FCX moved just above 50 MA but not yet 8 MA, however my own oscillator showed the entry for long. I already have a long position in GG. My stomach is not read for POT and MON again, so I will pass, since I have GG in gold there I won't want to hold ABX.




All my entries today have Accumulation/Distribution value > 60 and at least 1:1 reward to risk ratio to their previous high.

Trade Safe.

shorts:
longs: ACI, FCX, PBR, RIO and still long GMCR & GG

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Trading into the inauguration

going into inauguration,

GG: 32.5 Target, stop at 24.82
GMCR: pick in his pants by the 50 MA on Thursday, and follow through, my entry was Thursday, so it is too late now, but it worth to note that the importance of having many stocks in your watch list, because you don't know when the trade will come.


GVA: W-5 entry

RIO, double bottom, bounce trade


Best of success

shorts:
longs: GG, GMCR, GVA, RIO, ILMN and AZO

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Yesterday and Today

Yesterday, I closed all of my longs: DSX, EME, JOSB, FSTR, RS.... The rule to close them is a down day after a doji day.

Today I open: FCX, GNK, JEC, CMP, ACI.

GNK: stop at 15.68
still using the old analysis

CMP: stop at 59.78


ACI: stop at 17.28


FCX: stop at 26.29


JEC: stop at 48.57


shorts:
longs: FCX, GNK, JEC, CMP, ACI

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watch my watchlist

Trading requires attention to any stock movement. I have let money slipped my hands because I did not do my daily routine after a very fruitful week.





Today I opened a trade on JOSB.



RS still make 2-1 R/R, even I am a day late.


shorts:
longs: JOSB, RS

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Long VLO, ELS, EME, DSX, PNRA

very busy 2009 so far.

Market moves bullish so should I.

VLO: entered 1 day late as , so smaller position size.

By chinltong at 2009-01-02

ELS? confirmed W-3, skipping the chart, not too interesting

EME: trade between a long term fib of 50% and 61.8%, Target at $26.00

By chinltong at 2009-01-02

DSX: Chart

By chinltong at 2009-01-02

And R/R calculation:

By chinltong at 2009-01-02


shorts:
longs: DSX, ELS, EME, VLO, PNRA

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