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



Tuesday, October 30, 2018

Risky Swing


Look for Visa to cross over yesterday’s close for a quick swing up.

Stop loss is the 21 period’s channel


Monday, October 29, 2018

Where’s the bottom ?


“I’m not afraid, but I’m very nervous.”
― John Irving, A Prayer for Owen Meany

I keep trying to get a rebound, fortunately I was able to make my 1+% with my last pick, ABR made a high around midmorning and I was able to cash on my pick selling at 11.99,  however that’s not the way I like to trade cause I can’t be looking at prices all day. Is the volatility here to stay?




The SP500 is trading inside a killer downward channel and really nobody knows when or if it is going to end. As I told you before I trade with stops for opening positions what makes very difficult for me to short unless it is with an inverse ETF. Being said that, if only I would have 10% of John Irving’s talent for writing in my market timing……




The Dow still above the 21 week channel, although it’s a long way to the top, with a great economy there's hope for it yet.



 Anyway, it seems that Dover Corp found a bottom after the October 18th earnings, volatility for DOV is decreasing.




My stop-buy is at 82.5, if filled and reverse I’m going out at 81.7 tish. As always I’m looking for quick 1 to 3% profit.




Good luck all,
Shalom

Thursday, October 25, 2018

Arbor Realty


Some buying in reits
ABR crossed yesterday’s high and the volatility is decreasing






Tuesday, October 23, 2018

Swing trading IBM


Its too late for me for more shorts, at least for now.
The oversold market can keep on it or can rebound for a couple of days while the volatility fades.

IBM seems to have a short term bottom of 2 days, one way to play a rebound is buying at yesterday high with the stop loss below today low.





Viel Glück

Monday, October 22, 2018

WFC another swing


Wells Fargo presented a short opportunity with Friday’s close. Look at the textbook head and shoulders pattern with lower high on the right side of the chart.



I love shorts, if they are going to work, they do it quick, unfortunately since its impossible shorting with a stop, you have to follow by the minute to enter.


In the first 30 minutes today, together with the general market uncertainty, I shorted WFC after it broke the HS support at 52.71.  The quick move of more than 2% in a couple of hours made me cover with a quick 2% profit. Since it takes almost a year for a return of 2% in a safe investment, the profit was too good to pass. Of course, as always, I left profits on the table, it’ll happen again and again.



Sorry about not posting real time this trade, it went too quick.

Shalom,

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com