2kids10horses
Senior Member
Joined: Dec 20, 2010 20:15:09 GMT -5
Posts: 2,759
|
Post by 2kids10horses on Aug 23, 2013 22:57:31 GMT -5
Yup. While October is known for the big crashes, September is traditionally the worst month for stocks. But not always.
Meanwhile, I'm just holding on for the ride.
So far this year, I've collected $31,000 in dividends. I'm saving them up to buy a Tesla.
|
|
clarkrl2
Administrator
Joined: Dec 20, 2010 17:57:01 GMT -5
Posts: 5,793
|
Post by clarkrl2 on Aug 30, 2013 12:47:29 GMT -5
This weekly chart for the etf SPY doesn't look good. chartI've been selling a few positions and not replacing them. My only recent buy was NCIT on 8/13 since then I have sold URS on 8/16, HCI on 8/22, and HCC today 8/30 without replacing them. It brings my cash to about 30%. Contrary to what some of the long term investors imply on this board, you can exit positions over a period of days, weeks, or months then reenter over a period of days weeks or months. It is not likely a good trader exited at the 2009 lows and then failed to reenter until the new highs were being established.
|
|
2kids10horses
Senior Member
Joined: Dec 20, 2010 20:15:09 GMT -5
Posts: 2,759
|
Post by 2kids10horses on Aug 31, 2013 10:48:59 GMT -5
Clarkrl2,
Here is my reading of the chart you linked:
The trend is still up. Prices are still in the rising trend channel, but currently they are approaching the bottom of the channel. If/when they do reach the bottom of the trend channel would/could be a good buying opportunity. That said, the MACD is showing negative divergence. Looking at the bars, the most recent "hump" is lower than the previous one. But the price of the ETF did go higher. That is negative divergence, which means that the momentum is declining. So, this may be the time when the rising price channel may not hold.
The RSI is showing a similar pattern as the MACD.
I'm not seeing a "Sell" signal, but the chart is indicating an inflection point in the next couple weeks. Either the EFT will bounce off the lower trend line and continue the uptrend, or it won't.
|
|
clarkrl2
Administrator
Joined: Dec 20, 2010 17:57:01 GMT -5
Posts: 5,793
|
Post by clarkrl2 on Aug 31, 2013 18:33:12 GMT -5
I do not like the lower high followed by the lower low on the RSI. Also the last Elder bar is red. I might consider buying again when there is a blue bar but would prefer a green bar. A red bar occurs when the price is below the 13 ema and the MACD divergence is negative. If there is a major correction I'll have some cash to work with if there is not I can get back in very quickly.
|
|
2kids10horses
Senior Member
Joined: Dec 20, 2010 20:15:09 GMT -5
Posts: 2,759
|
Post by 2kids10horses on Aug 31, 2013 20:01:16 GMT -5
Agree with your comment on the RSI. But, it is still over 50.
I wonder what the market will make of Obama's speech today? Oh, and we'll have to wait until Tuesday to find out!
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Sept 7, 2013 23:37:22 GMT -5
Is that when He says He didn't say that. LOLLLL
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jun 13, 2014 0:43:05 GMT -5
Checkout a One year chart of KOG. See how it has made a nice cup with a handle. This stock is ready to Breakout. Support or resistence is at 13.71 and weak at that. Closes over that with good volume could let this stock run into the 15.00 mark. JMO
Tried to post the chart but it wasn't able to show up.
|
|
ModE98
Administrator
Start Investing admin
Joined: Dec 20, 2010 16:11:39 GMT -5
Posts: 4,441
|
Post by ModE98 on Jun 13, 2014 9:34:41 GMT -5
Ty..................http://www.finviz.com/quote.ashx?t=KOG
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jun 13, 2014 20:49:38 GMT -5
Hec Mod, if I made things so easy for everyone, they would never learn to look things up. LOL
|
|
ModE98
Administrator
Start Investing admin
Joined: Dec 20, 2010 16:11:39 GMT -5
Posts: 4,441
|
Post by ModE98 on Jun 13, 2014 21:23:10 GMT -5
Ty......... hey, just trying to help. I find www.finviz.com a very useful site. Chart, stats & stock news in one handy package.
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jun 16, 2014 0:28:05 GMT -5
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jun 19, 2014 9:28:40 GMT -5
And as you can see by the Chart on KOG, a breakout has begun.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jul 16, 2014 13:11:05 GMT -5
And as you can see by the Chart on KOG, a breakout has begun. Yes, and now we know why. Insider info is still passed on to a select few regardless of what the prosecutors do to them.
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jul 16, 2014 16:39:52 GMT -5
VB, I didn't know that being able to read a chart would be insider trading. What news have you got? Please post. If your going to Quote me and then post what you have done, it sounds like you are blaming me for something.
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jul 16, 2014 17:47:45 GMT -5
VB, here we go. another year chart but this time OAS. Look for it breaking out above 57.14 and only trades at around 15x earnings. Paulson doesn't think this one will be around much longer either as said on one of the stock shows today. www.finviz.com/quote.ashx?t=oas&ty=c&ta=1&p=d
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jul 16, 2014 17:54:06 GMT -5
From the end of the IBB- 2012 to now. Stats jim elliott ME Rank 15 Net Worth $21,640,915.92 Overall Gains $11,640,915.92 Overall Returns 116.41% Today's Gains 0.00% Buying Power $13,591,411.08 Cash Remaining $0.00 Cash Borrowed $8,049,504.84 Short Reserve $0.00 Portfolio Allocation & Performance
CLRContinental Resources Inc KOGKodiak Oil & Gas Corp OASOasis Petroleum Inc WLLWhiting Petroleum Corp Portfolio Holdings Performance Orders Transactions Symbol Last &
Change Market Value &
Gain/Loss % Holdings &
Shares / Type 5 Day Chart Players Holding CLR $152.82
6.14 / 4.19 $5,504,270.76
2.90M / 111.40 36,018 / Buy FMTW 1 chart KOG $15.73
0.82 / 5.50 $19,656,250.00
8.11M / 70.29 1,250,000 / Buy FMTW 1 chart OAS $55.41
1.92 / 3.59 $2,770,500.00
1.43M / 107.30 50,000 / Buy FMTW 1 chart WLL $87.97
4.16 / 4.96 $1,759,400.00
946,200 / 116.36 20,000 / Buy FMTW 1 chart
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jul 16, 2014 18:06:40 GMT -5
You can see I'm up 116% from the end of the game with these 4 stocks threw today and haven't traded them once. If someone has held these 4 stocks for the last 2 years they would have been very happy. If you own KOG, be happy because the merger is going to make you a lot of money by owning WLL and KOG combined. OAS and CLR are still up for grabs and with OAS trading at 15x earnings makes it cheap compared to it's peers. JMO
|
|
ModE98
Administrator
Start Investing admin
Joined: Dec 20, 2010 16:11:39 GMT -5
Posts: 4,441
|
Post by ModE98 on Jul 16, 2014 18:08:03 GMT -5
By no means is chart reading "insider trading" .... absolutely not!! No way, Jose!
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jul 16, 2014 18:10:58 GMT -5
Thanks MOD.
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jul 22, 2014 19:33:23 GMT -5
OAS, revising breakout point at 57.04. Take it or leave it, it's only a price on a chart.
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Jul 24, 2014 10:40:01 GMT -5
|
|
clarkrl2
Administrator
Joined: Dec 20, 2010 17:57:01 GMT -5
Posts: 5,793
|
Post by clarkrl2 on Jul 25, 2014 22:19:25 GMT -5
This article has an interesting chart on the emerging markets etf EEM. In addition to the comments by the author I think you could also argue a rising wedge is forming dating back to the lows in the 3rd quarter of 2011. The stock could be on a breakout if it moves above $45 but I think I'll pass on this one. If I change my mind I'll make sure I report back on this thread.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Aug 12, 2014 9:35:31 GMT -5
VB, I didn't know that being able to read a chart would be insider trading. What news have you got? Please post. If your going to Quote me and then post what you have done, it sounds like you are blaming me for something. tyfighter, I think you misunderstood me. I was referring to a huge amount of early activity in the stock directly before the announcement was made. Someone knew about it, and passed the secret on to others. In no way was I saying you had knowledge of this. There are not that many chartists around to push the stock up as fast as it went, without insider knowledge, and trading on that info, imo.
|
|
clarkrl2
Administrator
Joined: Dec 20, 2010 17:57:01 GMT -5
Posts: 5,793
|
Post by clarkrl2 on Mar 26, 2015 9:49:09 GMT -5
I really don't like the daily charts of some of the popular index etfs.
SPY DIA QQQ MDY IWM
The weekly charts look a little better but could be breaking down.
SPY DIA QQQ MDY IWM
Looking at the weekly chart of SPY you will notice the red elder bar which indicates a negative divergence on the weekly MACD and the stock is below the 13 week EMA. On the plus side the bar is still above the last dot for the SAR. On the chart I used a 10 week SMA which is equivalent to a 50 day SMA.
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Apr 13, 2015 23:58:33 GMT -5
A 6 month chart of the DOW stockcharts.com/h-sc/uiIf you notice at the end of Dec to the First of Feb the DOW made 3 lower highs and then fell 1000 points then went to a new high around the first of March and has made 3 lower highs since then. It looks like Big money is leaving this Market, 17600 is support but 17000 would be KEY suport, if it would go below that, who knows where it would end up at. The saying ( Go away in May) may have some meaning in it this year. JMO
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Apr 27, 2015 23:57:41 GMT -5
I don't think I know one preson that has bought a stock that didn't look at its chart before they bought it. It doesn't matter if they follow them our not but if they have some knowlege at what they are looking at. I wouldn't buy a stock just on charts alone but with fundalmentals it will give you the tend it's in and starting entrys that would be helpfull to you. JMO
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on Apr 28, 2015 9:58:45 GMT -5
wxyz. remember your the Long Term Invester, buy and hold forever. But with people that have a shorter time frame, looking at the Charts with fundalmentals and finding the Trend it's in are very important to know. You don't have to have a PHD in Charting and TA to help you out. Common since really goes a long way.
|
|
ModE98
Administrator
Start Investing admin
Joined: Dec 20, 2010 16:11:39 GMT -5
Posts: 4,441
|
Post by ModE98 on Apr 28, 2015 14:23:02 GMT -5
Have to agree on that point, Ty. While for a long term only investor, a chart may be of no concern or value. Personally, have always looked at a chart (to get a "picture" of what is going on)....it just makes sense to me. Have always been a trader (who wished he had been into long term investing starting in 1940's). What a financial tale that would be paying off today). Start early in life and reap the rewards in the December of one's life. Unfortunately, active trading led to too many write-offs over the years. The lure of the ever constant "street noise" led to too many years of losses. The good years resulting in gains kept me ahead. But if I had been an astute long term investor over those many years, would be in the top "1% group" today. Maybe from a long-life's experience I should write a book, "How NOT to invest". Yes, there has been a number of successful traders... I would not want to scorn those that have the "knack" for active trading. Some just have certain abilities that most will never have. Just say, if it works successfully for you, more power to you. Unfortunately, history has proven, most average active traders do not make a great success at it. ....Just my "two cents" of comment.
|
|
tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
|
Post by tyfighter3 on May 18, 2015 9:56:40 GMT -5
Mod, this is the Charts and Charting thread. ( I didn't start it) But if you day-trade, you need to know something about Charts. I look at them for good entry points and my time frame for the most part is 5 years and a company has to have earnings going forward. But it is the risk you want to handal. At my age, I'm going into the wxyz" camp of thinking of looking at income producing stocks and funds that are going to be around for another 20 years. Me and the wife want to retire, we already have long term stocks that have been producing income for years but we are ready to throw another 500,000 to 750,000 into that catagory. But when you retire you still need a little play money to keep you busy. LOL
|
|
ModE98
Administrator
Start Investing admin
Joined: Dec 20, 2010 16:11:39 GMT -5
Posts: 4,441
|
Post by ModE98 on May 18, 2015 10:43:50 GMT -5
Agree, especially if one is a trader, they better pay attention to charts to "get the picture" of the action going on. I used charts extensively in my old trading days.
|
|