Stocks, charts, risk management & coffee

Sunday Night Coffee – May 10, 2009

I have flipped through a few hundred charts and I see more patterns and technical setups than I have seen in a real long time. Some weeks, one Sunday does not look much different than the last. There was a lot of movement in the market last week and the technical setup has changed quite [...]

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§226 · May 10, 2009 · $VIX, AAP, AZO, BIG, C, DRI, ESI, GME, GOLD, MNRO, NFLX, ORLY, SEA, SPY, UUP, XLU, XLV, XME, XRT, qqqq · View Comments ·

You Know You Are In A Zone When …

I decided to take a small anticipatory long position when GME pulled back to $28. I then noticed half way through the day that my broker executed my buy order two times and that I had double the position size intended. Therefore, at around $28, I trimmed it back down to my intended position size [...]

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§94 · February 26, 2009 · $spx, GLD, GME, IWM, PTM, Precious Metals, SLV, SPY · View Comments ·

Sunday Night Coffee – 2/22/09

I will start off today’s Sunday Night Coffee post by getting a handle on the broader indexes and I will get more narrow in scope from there. I’ll be discussing the major indexes, the dollar, yen, some long ideas, the European banks, Las Vegas and my general trading plan for the week.
The first chart is [...]

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§89 · February 22, 2009 · CVX, DIA, ESI, FXY, GLD, GME, HMSY, HYG, IYR, IYT, JNK, MANT, PEGA, PTM, SLV, SPY, UUP, XLE, XOM · View Comments ·

Gamestop (GME)

I am looking at GME long. This stock is a very “fib friendly stock.” Look at the fibs from the IPO back in 2003. The first chart is a 2 year and the second is the all time chart from 2003. The last chart is the 3 month chart.

I will be looking to enter this [...]

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§88 · February 21, 2009 · Fibonacci Friendly, GME · View Comments ·