The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Showing posts with label stocks. Show all posts
Showing posts with label stocks. Show all posts

Monday, June 8, 2009

some charts

Just wanted to throw up a few charts that look interesting to me.
TBT basing at previous support.WFC set up a descending triangle; measured move about $30.50GOLD rallied today and set up a flag on the daily chart, just when you think something can't go any higher...NFLX, sitting at the bottom of a flag pattern while printing a NR7 today. Downside support around $33.I thought coming into this week that FSLR looked week, and bound to fill the gap below. But now I'm not so sure. Today it recovered the 20-EMA, while momentum looks like it may be setting up for another push upwards. Perhaps the general strength of the Nasdaq will determine the stength in FSLR.
AHT doesn't have the volume, or price range, I like. But, it has a perfect ascending triangle and price closed at the highs of the previous consolidation range. A measured move would bring price up to September '08 highs, around $5.25.
AMZN is sitting at resistance (and 52-week high range). Looking at the weekly chart of AMZN, last week printed a very strong wide range candle after coming out of it's 3rd consecutive flag pattern. A measured move out of the most recent flag could put price back at the all-time highs of around $95.ARO is set up right near it's 52-week highs; Pop or Drop time.This weekly chart is ridiculous

Wednesday, May 20, 2009

GS

Just an observation; GS put in a momentum divergence as higher highs have not attracted higher momentum highs.Looking at the Volume pattern you see a huge spike followed by a drift up to new highs on decreasing volume. Makes me wonder if this could be an example of large holders distributing into the hands of "weak" buyers. Any thoughts?
It's important to watch GS as it's been a leader in this move up.

Sunday, May 3, 2009

A list

{Updated} I will attempt to keep this list updated on a weekly basis. So it will not always have the same stocks within it, just those meeting the criteria enlisted below. Click on the spreadsheet image to go there.I created a list of stocks to refer to that are good candidates for daytrading. What's a good candidate for daytrading you might wonder?
Well, for one, liquidity. Therefore it includes issues with a 30-day average volume of 1-million shares or greater. I'm by no means re-inventing the wheel here! Just wanted a quick list of daytrade candidates within all industries/sectors.
Share price greater than $14.
A daily range greater than two, which makes for playable movement within the day. Also included is a column for "Share bar" settings which you could just round up or down to zeros or round to the nearest Fibonacci sequence if that tickles your fancy (for instance; instead of using 32,ooo-share bars, you could use 28,657-share bars).
It's broken down by Industry and Sector for greater ease of selection. You can go a step further and discard the stocks that have a wide bid/ask spread and whatever other criteria you like to incorporate.
You can also scan through these and pull out any that look overly volatile (lots of wicky candles, price gaps, back-and-forth choppy sideways behavior, etc.) on an intra-day basis. I was going to delete Sheet 3, but kept in there; it is not based on the above criteria so by all means ignore it.

Tuesday, January 20, 2009

AAPL

AAPL reports tomorrow and it's stock price seems to just be waiting for the news. Sitting right at support, it looks like it's just going to roll over (the weekly chart looks more telling), in which case we could easily see the $50 range soon enough.
DailyWeekly

Wednesday, January 14, 2009

AAPL

I was just looking at the chart for AAPL today and thinking that it wasn't looking good while sitting there at support. I was also thinking about the Steve Jobs rumors ("hormone imbalance" ?!?) and how the chart looked, to me, like people in the know, knew what was really going on. Off of this news, AAPL is currently down over $6. Should get interesting to see what happens at the open tomorrow, so much for $28.50 on the Q's holding.

Thursday, October 23, 2008

Gold

Looking at some of the Gold/Gold related stocks and thinking it might be a good time to nibble. First look at DZZ (Gold Double Short) and the hanging man candlestick at the highs:Next, there's SPDR Gold Trust GLD with it's gapped-down inverted hammer with volume diminishing on the way down. Also, $7 away from it's 10-day EMA:Similar story with GG:There's FCX, for a little diversification in metals:RTP was at $550 just 5-months ago!And then there's AUY...the cheap of cheap! A bullish doji star on large volume.

Monday, October 20, 2008

end of day buying

After 3:30 this afternoon we saw some upward momentum in key names.
GS broke out around $120 (opening range high). Check out the daily. Looks like we could have, at least, a possible run up to $142.We see a lot of these chart patterns on the daily time frame. The "W"double-bottom, a clearing of the middle apex on HK can give us a potential target of $22.
As with most stocks across the board, we need to see some serious conviction volume to trust these moves to the upside. So, while playing for a target, be ready to bail if strong selling comes back.Buying in CCI picked up late in the afternoon and closed at the highs of the day on large volume.Same with WLT. Strong volume closing near the highs of the day.
Ditto AGU and IPI...VLO

Friday, October 17, 2008

server down

Tradestation server went down (on my end anyway) 15-min. before the close. I bought into a small position in BNI earlier which I wanted to hold over the weekend so the server down issue wasn't much of a big deal. I like the way BNI has held up over the past few weeks of selling and I thought a reasonable primary upside target could be $90, while a safe stop-loss area can be around $75.50. I wanted to post some charts and such, but it looks like I'll have to do that later, when I can access TradeStation again.
We got a pretty shitty sell-off at the magic 3:00p.m. hour. With that said; I refer you here...

Monday, October 13, 2008

MS island

Pending today's price action, MS looks to have formed an island reversal bottom. Airing on the side of caution in such a market, a conservative primary target would be $18, the 20EMA is at $22.

Thursday, September 25, 2008

Friday, September 19, 2008

RL

I'm holding one issue (USO +9.36%) over the weekend and that's it. Provided the markets don't melt on Monday I've got my eye on a few candidates. I'll post some charts this weekend. I'm kinda liking RL here, it looks to have solid support at $70. Let me know what you think.

Monday, September 15, 2008

The Other Shoe Drops

GS being sold off hitting prices not seen since January of '06. When these levels were seen in March it proved to be a good time to buy the stock. It looks like a different story this time around. Earnings come out tomorrow.

Monday, September 8, 2008

weird

Started the day with the DJIA gapping up 300+ points on the FRE/FNM bail-out news. If you were smart you would have likely gotten short within the first half-hour and covered at the double-bottom later in the afternoon. I watched DIA most of the day. A few scalping opportunities, most of the downside and attempts at a gap-fill were bought up pretty quickly. The DJIA daily chart recovered it's bullish-biased trendline that was broken on Thursday; Pull-back before continuing down? Short-Covering? Bullish recovery? I bought some NWL on Friday, it's looking pretty nice, with a strong day today but approaching some resistance, so I'm curious to see how it will react at $21.I'm sure you're all aware of the UAUA bankruptcy rumors that turned out being false. Insane tape on this one......oh yeah, GOOG...ouch!