tag:blogger.com,1999:blog-338784302012-01-14T16:19:21.351-06:00The diary of a market speculator who trades stocks and commodities using technical analysis, chart patterns and trend following methods. I can be contacted at <a href="mailto:SinghJD1@aol.com">SinghJD1@aol.com</a>The Market Speculatorhttp://www.blogger.com/profile/15108816250543774083noreply@blogger.comBlogger1191125tag:blogger.com,1999:blog-33878430.post-53566705241089361102011-12-02T11:48:00.002-06:002011-12-02T11:49:07.232-06:002011-12-02T11:49:07.232-06:00

I went long GS on the breakout of the moving average. Notice the bottoming "W" pattern and the positive volume that has has developed within the pattern. My stop is just under the moving average at around $97-98. The targets are around $110 and $115. Entry was at $99.88. This gives me a phenomenal 5:1 reward to risk ratio.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2011/12/trade-gs.htmltag:blogger.com,1999:blog-33878430.post-1877747253612173452011-10-10T15:15:00.001-05:002011-10-10T15:18:22.532-05:002011-10-10T15:18:22.532-05:00

Take note of the higher lows in OBV and RSI. These are good signs for SPY. Today's breakout lacked volume, the divergences lead me to believe the moving average might hold.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2011/10/spy-positive-divergence-and-moving.htmltag:blogger.com,1999:blog-33878430.post-5207049406084177532011-08-05T11:16:00.000-05:002011-08-05T11:16:44.174-05:002011-08-05T11:16:44.174-05:00

I'm finally ready to enter long. The market is very oversold with stochastics dipping under 10. I just entered SPY, AAPL, NFLX and AMZN. I will use tight stops and manage risk closely.

market speculatornoreply@blogger.com0http://themarketspeculator.blogspot.com/2011/08/trade-alert-spy-amzn-nflx-and-aapl.htmltag:blogger.com,1999:blog-33878430.post-61878734568538937832011-03-16T14:07:00.003-05:002011-03-16T14:09:16.445-05:002011-03-16T14:09:16.445-05:00

While SPY is oversold, I would like to see more weakness before entering long based on oversold conditions. The chart below shows three great bounce entries:

market speculatornoreply@blogger.com0http://themarketspeculator.blogspot.com/2011/03/3-bounce-entries-for-spy.htmltag:blogger.com,1999:blog-33878430.post-31516224682951907952010-12-09T14:01:00.004-06:002010-12-09T14:05:30.426-06:002010-12-09T14:05:30.426-06:00

I entered NFLX today at $186.11. Here is what I wrote to trade report members:My watchlist is rather small right now and there aren't any good entries, so I'm going to take this opportunity to analyze a focus list stock that is not an easy sell as a long or short right now, NFLX.NFLX has been a 2010 juggernaut momentum stock. It's been the textbook trend pullback trade. In 2010 there have

market speculatornoreply@blogger.com0http://themarketspeculator.blogspot.com/2010/12/nflx-trade.htmltag:blogger.com,1999:blog-33878430.post-51698743037670264582010-12-09T14:00:00.000-06:002010-12-09T14:01:09.440-06:002010-12-09T14:01:09.440-06:00

I plan to start posting regularly again.

market speculatornoreply@blogger.com0http://themarketspeculator.blogspot.com/2010/12/im-back.htmltag:blogger.com,1999:blog-33878430.post-92093250573048921392010-10-13T15:00:00.007-05:002010-10-13T15:12:19.635-05:002010-10-13T15:12:19.635-05:00

Here are charts of the trades I made today. Note that I consider the shorts are early "speculative" trades until there is a confirmation candle.SPY (short)--hitting the bottom of the $118-120 resistance range. Stochastic overbought at 89. Will add more close to $120.RIMM (long)--breaking ot of triangle after remounting 50 day moving average.Gold (short via inverse ETF DZZ, using GLD chart to

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/10/todays-trades-aapl-dzz-rimm-spy.htmltag:blogger.com,1999:blog-33878430.post-23693895336726320122010-09-30T13:24:00.002-05:002010-09-30T13:28:06.219-05:002010-09-30T13:28:06.219-05:00

I exited the AAPL short today at $183 for a nice gain. Stock is nearing support. If support breaks, I may re-enter.This morning I entered GMCR SHORT based on the breakdown-pullback setup. Stop is above the moving average.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/09/trades-gmcr-and-aapl.htmltag:blogger.com,1999:blog-33878430.post-12278277572196476762010-09-29T16:09:00.001-05:002010-09-29T16:11:25.724-05:002010-09-29T16:11:25.724-05:00

I went short AAPL prior to the trendline break at $292 (see Trade Report). Looking to take profits in the $180-185 range:

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com3http://themarketspeculator.blogspot.com/2010/09/aapl-short.htmltag:blogger.com,1999:blog-33878430.post-34287903559460667482010-07-27T11:39:00.001-05:002010-07-27T11:41:05.775-05:002010-07-27T11:41:05.775-05:00

I entered GS today. Nice triangle pattern formed post trend breakout. Nice volume within triangle as well.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/07/todays-entry-gs.htmltag:blogger.com,1999:blog-33878430.post-71013875539967382892010-07-26T14:12:00.005-05:002010-07-26T14:41:19.997-05:002010-07-26T14:41:19.997-05:00

I have updated my 2010 trading stats featuring trades documented in the Trade Report. Here is a quick summary along with analysis presented to Trade Report members. Trade SpeadsheetThe hard numbers through 7/23/2010: Total Trades: 64Wins: 34Losses: 30Win Rate: 53% Average Win: $1424Average Loss: $743 Total gain-- $26,163 (two trades still open, commission not included)Approximate percent gain

market speculatornoreply@blogger.com0http://themarketspeculator.blogspot.com/2010/07/how-to-make-26-percent-gain-with-50.htmltag:blogger.com,1999:blog-33878430.post-35615556137718477962010-06-24T09:01:00.002-05:002010-06-24T09:04:15.244-05:002010-06-24T09:04:15.244-05:00

I entered NFLX and ADM today.NFLX has pulled back to the 20 day ma, oversold, and is trending nicely. Could be a pivot level, though the risk is pullback continues to the 50 day ma.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/06/todays-entries-nflx-and-adm.htmltag:blogger.com,1999:blog-33878430.post-39589126474918603602010-06-10T08:42:00.001-05:002010-06-10T08:43:39.244-05:002010-06-10T08:43:39.244-05:00

I entered VMW yesterday on a breakout-pullback setup. Note that stochastics are now oversold and price has moved back to the bottom of the breakout bar on declining volume.

market speculatornoreply@blogger.com0http://themarketspeculator.blogspot.com/2010/06/breakout-pullback-vmw.htmltag:blogger.com,1999:blog-33878430.post-13274543182353839132010-05-14T12:59:00.003-05:002010-05-14T13:02:30.772-05:002010-05-14T13:02:30.772-05:00

I currently have one trade open (short SPY via SDS). To view all of my trades this year from the Trade Report, view the Trade Results Spreadsheet. I am currently up a little over 13 percent since January 1st.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com3http://themarketspeculator.blogspot.com/2010/05/trade-results-spreadsheet.htmltag:blogger.com,1999:blog-33878430.post-59739309355748917362010-05-04T14:24:00.003-05:002010-05-04T14:34:46.753-05:002010-05-04T14:34:46.753-05:00

I entered four positions today, 3 shorts and one long. My market bias has turned bearish with recent distribution (price down stong oh high volume) on SPY.WYNN is showing signs of topping, though it is stronger than the market. Recent volatility and stronger volume to the down side make this an attractive "anticipatory short" with low risk if stopped out.BHP is an oversold bounce setup that is

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/05/charts-amln-beav-wynn-bhp.htmltag:blogger.com,1999:blog-33878430.post-34066644830272480882010-04-15T11:52:00.002-05:002010-04-15T11:53:55.545-05:002010-04-15T11:53:55.545-05:00

I went short AAPL today. Overbought and lots of space between price and moving average.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/04/aapl-speculative-short-trade.htmltag:blogger.com,1999:blog-33878430.post-80874076892346927072010-03-25T11:29:00.002-05:002010-03-25T11:32:18.330-05:002010-03-25T11:32:18.330-05:00

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/03/todays-entry-goog.htmltag:blogger.com,1999:blog-33878430.post-13632249188996569972010-03-23T09:34:00.001-05:002010-03-23T09:37:02.610-05:002010-03-23T09:37:02.610-05:00

I am offering a 2 week free trial to my nightly Trade Report. The Trade Report features my current market outlook, updates on my own trades and my focus list which tracks the stocks I am looking to trade the next day. It is the journal I prepare for myself in preparation for the coming day. I also occasionally supplement the Report with intraday trade alerts.You will have to sign up to the report

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/03/2-week-free-trial-to-trade-report.htmltag:blogger.com,1999:blog-33878430.post-61390039874460919122010-03-23T09:21:00.002-05:002010-03-23T09:23:24.353-05:002010-03-23T09:23:24.353-05:00

Yesterday I entered GMCR off a breakout-pullback setup at $93.44. Stop is under support and the target is the recent high around $98. This gives me a 3:1 reward to risk ratio.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/03/recent-trade-gmcr.htmltag:blogger.com,1999:blog-33878430.post-40796057939499259852010-03-11T13:15:00.003-06:002010-03-11T13:19:17.652-06:002010-03-11T13:19:17.652-06:00

I entered DIG today. The stock has broke out over a W formation and the 50 day moving average. Another positive is the positive RSI divergence.An entry here around $34.80, with a stop at $33.80 (under suppport) and target at the old high around $38 offers a nice 3:1 reward to risk ratio.The stock is a bit overbought. Ideal entry is on a little more of a pullback.

market speculatornoreply@blogger.com0http://themarketspeculator.blogspot.com/2010/03/todays-entry-dig.htmltag:blogger.com,1999:blog-33878430.post-75248045378653533232010-03-07T22:13:00.001-06:002010-03-07T22:16:18.998-06:002010-03-07T22:16:18.998-06:00

I like SPY as overbought short setup. Overbought and into resistance w/ little consolidtaion or pullback.http://chart.ly/qdyyrw

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/03/spy-short-setup.htmltag:blogger.com,1999:blog-33878430.post-21557360923003304702010-02-24T10:11:00.001-06:002010-02-24T10:12:52.535-06:002010-02-24T10:12:52.535-06:00

I entered BA today post breakout from a triangle pattern. The stock seems to be forming a Tight Flag post breakout.I am also short IOC, SPY and RL

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/02/trade-ba.htmltag:blogger.com,1999:blog-33878430.post-57456140730627623132010-02-19T09:48:00.002-06:002010-02-19T09:49:14.180-06:002010-02-19T09:49:14.180-06:00

Here are my all of my trades and stats since January 1, 2010. All trades were detailed in the Trade Report.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/02/2010-trading-stats_19.htmltag:blogger.com,1999:blog-33878430.post-76750260907528107802010-01-28T09:48:00.002-06:002010-01-28T09:51:55.344-06:002010-01-28T09:51:55.344-06:00

I entered PCU as an oversold bounce play as it falls to support.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/01/todays-trade-pcu.htmltag:blogger.com,1999:blog-33878430.post-20473687234025810882010-01-26T16:07:00.000-06:002010-01-26T16:08:51.008-06:002010-01-26T16:08:51.008-06:00

DECK is one of the few good bullish trend setups.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2010/01/deck-at-support.html