Simple stock trading blog

DBA Agriculture commodities ETF is in range

richk — Mon, 08 Mar 2010 15:28:46 +0000

DBA is presenting very nice trading range. One can buy on the support and sell on resistance. Right now I think that price can go down to support level of trading range.

I have read a lot about good harvest of agriculture commodities so fundamentals also confirm down move.

One more bearish stock chart – CQB

richk — Tue, 02 Mar 2010 12:39:58 +0000

CQB has bearish stock chart. It is very weak stock. I am going to short it in my fund.

AAPL – Bearish stock chart pattern ?

richk — Thu, 25 Feb 2010 13:27:20 +0000

I have noticed bearish stock chart pattern on AAPL chart. I am looking for short sale entry with target near 170 level. Very tight stop.

GOOG bearish stock chart and action

richk — Mon, 22 Feb 2010 09:38:25 +0000

I am watching GOOG stock. It shows signs of selling and weakness. There is possibility for another drop. I am going to short this stock.

I like to short Japanese yen

richk — Thu, 18 Feb 2010 09:28:02 +0000

I have been looking for establishing new short in Japanese Yen currency. It is based on Global macro story I follow in my fund. And it is also confirmed by nice chart pattern. You can see it on chart of FXY (Japanese yen Currency ETF).

Bullish stock picks

richk — Tue, 09 Feb 2010 14:07:13 +0000

Current market environment is not very bullish . But there are some stocks with very good relative strength. I used my 52week bullish scanner to find some of them and here are some picks: KFT, CPO, LII

UUP is only bullish ETF right now

richk — Fri, 05 Feb 2010 12:34:41 +0000

I noticed that UUP is only bullish ETF in today’s market.

I am in long UUP trade for more then month and expect more upside move.

I was able to spot early strength by my proprietary scanner I use for scanning about 80 ETFs in my watch list. I use this watch list for selecting best trading opportunities for my ETF trading strategy I use in my fund.

Btw. I am now preparing special newsletter which will publish my ETF trading setups , picks and analysis. Keep tuned, will be available soon.

SP500 index is hard hit

richk — Mon, 25 Jan 2010 05:43:26 +0000

SP500 index lost all gains from previous 5 weeks during last selloff . It is not bullish sign. Some correction is in front of us. Index can easily drop to 1000 pt level. It is time to be cautions and think also about short sell trades.

KRE regional banks ETF is in bullish mode

richk — Fri, 22 Jan 2010 12:51:18 +0000

I have noticed that KRE ETF has broken through resistance and is heading higher. I do not like fundamentals of US banks too much but technically it is definitely bullish setup in some pullback.

I like stock chart of ORLY

richk — Wed, 13 Jan 2010 13:55:50 +0000

ORLY has made long consolidation and now looks like it wants to breakout up. I am holding ORLY long trade for some time already and I am ready to add if this breakout will happen.