Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Friday, May 25, 2018

SPY 25 may 2018


While the price is stuck in a trading range for a week, the stochastics are making lower highs.

Still the price above the ema(21) is kind of bullish, let’s keep our focus in the box, remember if the reaction is on the down side, those moves are quick.



Shalom alle,

Thursday, May 24, 2018

La situación de los mercados hoy a media mañana


Esto es lo que se puede definir como un campo minado para los cortoplacistas, el SP500 con una serie de close contrarios a los open del día, por 8 largos días se empeña en no mostrarnos dirección haciendo muy pero muy difícil el trading a corto plazo.




El Dow Jones actualmente hizo un nuevo high el 21 de mayo, para casi inmediatamente devolverse, un verdadero bull trap. Ahora mismo está coqueteando con su low del 16 de mayo.




El Russell no encontró resistencia desde el 15 de mayo a diferencia de los big caps que estaban sumidos en un trading range. Ha formado 2 areas de soporte-resistencia bien definidos.





En estos tipos de mercado es que los cortoplacistas somos castigados, vamos a ver si se aclara la dirección, sin embargo, cuando los diferentes mercados están en desarreglo por lo general el mercado se “arregla” hacia abajo.


Gracias Dios por tus bendiciones
Shalom all,

Sunday, May 20, 2018

The perks of being a short term trader


In my last post on April 25th I mentioned being long WEC because it was “accumulating”, this is what happened the following days.

WEC broke in an uptrend that took it past my 63.5 target to a close of 63.71 3 days later.  Of course I took my 1% plus profit.
Then WEC “distributed” for five more days, still plenty of time to take profits.





After that this happened with WEC stock, it went down and now is trading below my entry point. Now, being a great company, WEC will start at some time going up again, but before that, if I had not take my profits,  I would be looking for some time at losses in my brokerage account, and that is really a loss of confidence factor for a trader.




But that was then and this is now

Remember your technical analysis 101, the phases, accumulation, distribution etc., sometimes distribution is not followed by a decline, instead we thought it was distribution but really it was a new accumulation phase, well, right now for the past 4 days the market is either accumulating or distributing, who is to know?, the important thing is to react when we know.



For that I have two ideas that can be either accumulating or distributing, look for the breaks and act accordingly.






Thanks God for all the blessings
Shalom all,

Wednesday, April 25, 2018

Market down Stocks Up


I always pay attention and frequently trade stocks that go in different direction from the market, some times when the market change direction these stocks are the most profitable in the short term move.

Take these two

Toronto Dominion has been moving with the market rhythm for the last 3 months. You can see it in the charts. Clockwork identical moves.

But for the last 4 days as the market keeps on making lower lows, TD is making higher lows. Now, if the markets are nearing an oversold position, TD could take advantage of the possible rebound.







WEC made its lowest together with the market in February, after early march when that low was tested, it has been in a slow uptrend, now it is yielding over 3%. Kind of stuck for the last month.  It can goes up to 63.5 for a quick> 1% gain.




I am long both.

Thanks to God for all
Shalom everyone
 

Tuesday, April 24, 2018

Some Random Thoughts


The market tried to break above yesterday high but currently is not holding. Still hovering around the lower 45 degree channel line. Let’s see how it ends. Still some possibility, but my right line analysis tends more to a drifting position at best.






At the open I bought one of my favorites because its ability to climb with the market. A measured move should take it near 114, with a little help from the market. Stop loss at yesterday low.






At the open yesterday I went long WEC, (utilities anyone?), only to see it reverses almost immediately. Still hope with the breaking of the box and the retracement line. Target 63.5, stop loss at yesterday low.
Blowing again?





Thank you God
Shalom Alle

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About Me

I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick