Posts Tagged by stock
Utility Stocks: Two Charts I like and Ideas on How to Trade Them
| December 19, 2011 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
Symbols Mentioned: Constellation Energy (NYSE: CEG), CenterPoint Energy (NYSE: CNP) Utility stocks have managed to shelter investors from some of the price drops which have occurred in the market this year. While the S&P 500 SPDR (NYSE: SPY) still struggles to get positive for the year (down 4.3% year to date)–and is not looking like it will…
8 Trading Rules
| March 1, 2009 | Posted by admin under Intro to Trading |
These are the 8 Rules of “Carney” from the book “Ugly Americans” by Ben Mezrich (published by Harper Perennial). They are pretty good so I thought I would reproduce them here. Check out the book, it isn’t too bad. Not as much trading material as I was hoping for but still an entertaining read. 1.…
A Good Reminder
| January 31, 2009 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
The following is an article I found which is a good reminder to keep things simple. I generally just use price as an indicator, coupled with chart patterns (past prices). Although occasionally I refer to an RSI or price overlay for confirmation. Here is the article…. Trading Analysis Pitfalls by Ginny Fairham It is very…
Million Dollar Traders By Harvey Walsh
| January 27, 2009 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
There’s a great show on British TV – Million Dollar Traders. There are two very important lessons that every trader must understand, that have been perfectly illustrated in this documentary, and I want to discuss those here. Any trader who doesn’t understand these lessons is doomed to fail, just as many of the traders in…
Stock Market Analysis – Tight Range
| January 27, 2009 | Posted by admin under Stock Market Analysis |
The Dow Jones average has slipped into a short term range, but the breakout could be significant – especially to the downside. Currently the Down Jones average is ranging between 7900 and 8300. While volume was edging higher to form a possible bottom in the market, volume has normalized and has fallen off the recent…
Support and Resistance Tutorial
| January 22, 2009 | Posted by admin under Day Trading Ideas, Techncial Analysis Tutorials |
I start with these concepts because they need to be understood in order to use the day trading levels that I post each day. Support Levels are price points at which prices have had a hard time pushing down through in the past. In other words, a support level is a level where price stopped…
Day Trading for Thurs Jan.22
| January 22, 2009 | Posted by admin under Day Trading Ideas |
The SPY rallied back somewhat on Wednesday to close at 84.05, up 3.48. Here are the levels to watch on Thursday. Support Levels: 83.50, 82.85, 82.50, 82.10, 81.75, 81.15, 80.45 Resistance Levels: 84.25, 84.50, 84.75, 85.30, 85.55, 85.75, 86, 86.35, 86.50, 86.75, 87.50
Day Trading for Wed Jan. 21
| January 21, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis |
We broke below major support on Tuesday. The SPY finished down 4.44 to close at 80.57. The only support below this level are the levels back from Nov. 20 and 21. The low from those two days is 74.35. If we fail to rally over the next couple of days, this low level is likely…
Proposed Tax Bill Could Cause Major Problems for US Traders
A proposed House of Representatives bill-HR 1068 would tax each buy and sell order by up to 25 basis points of the transaction value. While it is hard to say at this point whether the bill will be passed I encourage active traders and investors in US markets to do what they can to oppose…