tag:blogger.com,1999:blog-338784302009-11-10T11:56:10.492-06:00The 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.comBlogger1152125tag:blogger.com,1999:blog-33878430.post-73057249113582126772009-11-10T11:51:00.003-06:002009-11-10T11:56:10.504-06:002009-11-10T11:56:10.504-06:00

MSTR is a good example of the "Partial Profit" or "Let it Ride" exit strategy. I entered the breakout-pullback setup at $84, with a target under the old high a limit order set at $89.85 (I always set the target a little below the round number). From there I move my stop up to the $84 entry level to lock in the profit.The stock continued higher today, and closed with a new breakout bar (though

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/11/great-advice-on-taking-partial-exits.htmltag:blogger.com,1999:blog-33878430.post-57897612831635867872009-11-09T12:19:00.001-06:002009-11-09T12:20:57.105-06:002009-11-09T12:20:57.105-06:00

I went short MON as it pulled back to resistance levels via a bearish flag pattern.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/11/short-entry-mon.htmltag:blogger.com,1999:blog-33878430.post-60541256005736582322009-11-09T09:47:00.001-06:002009-11-09T10:59:53.790-06:002009-11-09T10:59:53.790-06:00

I bought GOOG on the breakout today. Stop is at $548.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/11/todays-entry-goog.htmltag:blogger.com,1999:blog-33878430.post-24835967268650901602009-11-07T19:14:00.002-06:002009-11-07T19:17:17.109-06:002009-11-07T19:17:17.109-06:00

MSTR has formed a classic breakout-pullback setup. The stock recently broke out on huge volume, and since has consolidated in an orderly fashion. I entered this trade around $84, which I posted in the Trade Report last week. My intitial target is $90, where I would take a partial profit. At that point I would move my stop up to entry.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/11/breakout-pullback-mstr.htmltag:blogger.com,1999:blog-33878430.post-48995723168559251242009-11-02T17:21:00.001-06:002009-11-02T17:23:23.908-06:002009-11-02T17:23:23.908-06:00

Here is the trade report for Tuesday, along with analysis of today's SPY short and more setups:http://docs.google.com/View?id=d5z8q8w_1422cfb7fcgv

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/11/game-plan-for-tuesday.htmltag:blogger.com,1999:blog-33878430.post-16215540767902933192009-10-28T09:40:00.001-05:002009-10-28T09:41:59.059-05:002009-10-28T09:41:59.059-05:00

CSH has been trending nicely. It recently broke out and has now pulled back to support.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/breakout-pullback-setup-csh.htmltag:blogger.com,1999:blog-33878430.post-41993491889150251562009-10-21T13:32:00.002-05:002009-10-21T13:36:31.447-05:002009-10-21T13:36:31.447-05:00

PCU and FCX are on fire. Technically, they look great on a pullback to support for long entry. However, they are very extended. Take a look at the distance from the 50 day moving average. I think we are due for a snap back. I will likely short on more strength.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/fcx-and-pcu-great-long-and-short-setups.htmltag:blogger.com,1999:blog-33878430.post-58812755440555227432009-10-20T16:02:00.002-05:002009-10-20T16:11:36.636-05:002009-10-20T16:11:36.636-05:00

I took a short position today in SKX. The stock is extended and today's indecisive price movement on high volume leads me to believe a pullback is in order.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/skx-ready-for-pullback.htmltag:blogger.com,1999:blog-33878430.post-74182368799816895292009-10-18T19:32:00.001-05:002009-10-18T19:36:02.273-05:002009-10-18T19:36:02.273-05:00

I pointed to FUQI as a short when it was around $30. I took the trade, which would have been successful had I used a wider stop. It's now broke down below the 50 day moving average and is showing distribution in the volume pattern. I will short on a pullback to the moving average, as long as strength is not on strong volume. The setup here is moving average breakdown off a topping pattern.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/short-setup-fuqi.htmltag:blogger.com,1999:blog-33878430.post-78912118613566876082009-10-15T10:29:00.005-05:002009-10-15T10:35:34.265-05:002009-10-15T10:35:34.265-05:00

Market Notes and Trade Updates:SPY broke out over the resistance area we have been watching. As noted in the Report, I had a buy entry in place at $108.40. I entered at that level with a stop placed under the resistance level. Also, I was stopped out of the SPY short at $108.70 for a small loss.Though I am long due to the breakout to recent highs, I can't say I am confident with this trade. RSI

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/market-notes-and-trade-update.htmltag:blogger.com,1999:blog-33878430.post-43326168144805902882009-10-13T10:22:00.003-05:002009-10-13T10:36:58.066-05:002009-10-13T10:36:58.066-05:00

Is it time to take profits in the STEC short? Entry was made back on September 24th at $30.75., so we are looking at a 15-20 percent gain.My general approach to exits is to set a target based on support/resistance levels and take a partial profit at that level. As you can see from the chart, a consolidation zone is in the $22-25 range. Thus, I took profits yesterday around $26. After taking

market speculatorhttp://www.blogger.com/profile/17740562928448160218noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/stec-short-entry-time-to-take-profits.htmltag:blogger.com,1999:blog-33878430.post-69766545703987882842009-10-12T23:22:00.002-05:002009-10-12T23:22:52.884-05:002009-10-12T23:22:52.884-05:00

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/spy-chart.htmltag:blogger.com,1999:blog-33878430.post-83065614652831216132009-10-09T10:22:00.003-05:002009-10-09T10:42:47.940-05:002009-10-09T10:42:47.940-05:00

Gold ETF GLD recently broke out over $100, an area that has provided major "round number resistance" the past two times GLD tried to breakout. When a "major" ETF or market leader breaks out over a number like $100 after basing around that area for a significant amount of time, I consider it an automatic buy. Thus, I'll be entering GLD (or one of the leveraged gold ETFs) on a pullback.However,

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/is-gold-breakout-for-real.htmltag:blogger.com,1999:blog-33878430.post-42824654931802273232009-10-08T11:07:00.002-05:002009-10-08T11:10:35.289-05:002009-10-08T11:10:35.289-05:00

While GOOG is on the bullish focus list and I am high on the setup on pullback, it is very overbought. The two period RSI is off the charts extreme. I took a small speculative short position. My stop is at $526. Target is $510. This gives me 2:1 risk ratio.Keep in mind that GOOG's earnings announcement is October 15.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/speculative-goog-short.htmltag:blogger.com,1999:blog-33878430.post-72687091411556950752009-10-08T00:07:00.003-05:002009-10-08T00:09:24.046-05:002009-10-08T00:09:24.046-05:00

Momentum stocks usually give ample warning before taking the inevitable fall. Is FUQI showing signs?

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/is-fuqi-ready-for-fall.htmltag:blogger.com,1999:blog-33878430.post-19373161521442402392009-10-07T09:22:00.001-05:002009-10-07T09:24:54.393-05:002009-10-07T09:24:54.393-05:00

On Friday I pointed to the X short setup, if X was to pullback to the 50 day moving average. We got that yesterday. As noted to Trade Report members yesterday, I took the short entry, with a stop just above the moving average.This is a variation of the breakdown-pullback short setup.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/x-short-trade.htmltag:blogger.com,1999:blog-33878430.post-73957692758819479132009-10-06T10:54:00.004-05:002009-10-06T11:04:41.617-05:002009-10-06T11:04:41.617-05:00

This setup was given to Trade Report subscribers. SPY was marked as a "bounce trade" setup on Friday as it neared the 50 day moving average and became short term oversold using stochastics as the oversold indicator. I entered Monday morning on confirmation. The stop was set under the 50 day moving average, with an initial target of $106--giving 3:1 reward to ratio. The stock is now near

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/anatomy-of-successful-spy-trade-moving.htmltag:blogger.com,1999:blog-33878430.post-16193984577695732222009-10-02T03:14:00.004-05:002009-10-02T03:18:53.436-05:002009-10-02T03:18:53.436-05:00

X has broke down below the 50 day moving average and looks good for short entry on a pullback or weak bounce.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/moving-average-breakdown-in-us-steel-x.htmltag:blogger.com,1999:blog-33878430.post-72914657366887975882009-10-01T01:25:00.002-05:002009-10-01T09:07:37.598-05:002009-10-01T09:07:37.598-05:00

Here is the the detailed report I sent to subscribers last night:Market Notes:As price consolidates, the volume pattern is getting more and more ominous. Today's volume has turned me from neutral to slightly bearish on the market. I am more inclined to take on short positions on the focus list. Those looking to take a low risk setup long on the SPY got the chance that was talked about last

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/10/thursday-plan-and-trade-report.htmltag:blogger.com,1999:blog-33878430.post-89170704696292238422009-09-25T14:07:00.002-05:002009-09-25T14:09:21.467-05:002009-09-25T14:09:21.467-05:00

SPY is nearing converging support levels and oversold stochastic levels. A low risk opportunity may present itself near the 50 day moving average.Take note that the volume pattern is showing distribution.

market speculatorhttp://www.blogger.com/profile/17740562928448160218noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/09/key-spy-support-level.htmltag:blogger.com,1999:blog-33878430.post-46096381759684289082009-09-25T09:50:00.002-05:002009-09-25T09:54:03.114-05:002009-09-25T09:54:03.114-05:00

APOL has a weird, volatile pattern, but still offers a low risk setup off a breakout-pullback. An entry here at $71, with a stop under the moving average at $69.60 and a target at $74, offers a 2:1 reward to risk ratio.CPLA, another education stock, has a similar setup.

market speculatorhttp://www.blogger.com/profile/17740562928448160218noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/09/apol-offers-low-risk-setup.htmltag:blogger.com,1999:blog-33878430.post-13038926722757483002009-09-24T10:22:00.000-05:002009-09-24T10:23:44.071-05:002009-09-24T10:23:44.071-05:00

Trade Update that I sent subscribers:I took profits and exited half my BIDU short at $380 (average entry $402.44). I was stopped out of ENER long position at $12.40 for a small loss. I took profits on the remaining shares of AIG long position at $46. One of my best trades in quite some time. I am still holding JAZZ long. AMZN and BIDU partial position short. Both charts are doing well,

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/09/trade-update.htmltag:blogger.com,1999:blog-33878430.post-5320582790062207332009-09-23T13:00:00.003-05:002009-09-23T13:08:45.760-05:002009-09-23T13:08:45.760-05:00

AMZN has been a great "extremes" trade (stochastics 90+ and extended price) for the past few months, both as a long and short. The stock is again extended, and offers a low risk short opportunity. Entry here with a tight stop offers a favorable a reward to risk ratio. Allow only for a small loss or big gain using a tight stop and target at least 2 times the stop.

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/09/low-risk-amzn-short.htmltag:blogger.com,1999:blog-33878430.post-68941848462520900102009-09-22T11:24:00.002-05:002009-09-22T11:27:01.973-05:002009-09-22T11:27:01.973-05:00

Coal, and ACI, have been on fire of late. It's tough to find a good entry, so I may just enter on today's break of a bull-flag pullback.

market speculatorhttp://www.blogger.com/profile/17740562928448160218noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/09/i-am-looking-to-enter-aci.htmltag:blogger.com,1999:blog-33878430.post-24354827374539115972009-09-22T09:39:00.003-05:002009-09-22T09:47:28.518-05:002009-09-22T09:47:28.518-05:00

Back on September 9th, when I posted about entering AIG, it has pulled back post breakout and showed a great accumulation pattern. Since then the stock has catapulted back up towards the recent highs. I entered at $37, took a partial exit and am still holding a positon near $52. The key features of the breakout pullback setup include:1. Price breakout over resistance2. Breakout on strong

marketspeculatortradereporthttp://www.blogger.com/profile/09638433252009740656noreply@blogger.com0http://themarketspeculator.blogspot.com/2009/09/aig-and-breakout-pullback-setup.html