February 5th, 2010 richk
I noticed that UUP is only bullish ETF in today’s market.
I am in long UUP trade for more then month and expect more upside move.
I was able to spot early strength by my proprietary scanner I use for scanning about 80 ETFs in my watch list. I use this watch list for selecting best trading opportunities for my ETF trading strategy I use in my fund.
Btw. I am now preparing special newsletter which will publish my ETF trading setups , picks and analysis. Keep tuned, will be available soon.
Posted in ETF analysis, ETF trade setup, Stock chart analysis, Stock pick, Swing trade commentary | No Comments »
December 8th, 2009 richk
AAPL stock has broken support levels and is poised for more declines. Uptrend finished.
Posted in Stock chart analysis, Swing trade commentary, Trade management | No Comments »
April 1st, 2009 richk
I noticed that Energy sector finished pullback. I noticed several times in last month that this sector is poised for more declines.
Now it looks like its downtrend move is starting again.
I like to enter this ETF trade with Oil Short ETF with symbol DUG.
Posted in ETF analysis, ETF trade setup, Swing trade commentary | No Comments »
March 4th, 2009 richk
CVX, XOM , EOG and whole Energy sector were hammered during last few days a lot.
I mentioned bearish scenario few weeks ago, so hope you did good trades in this sector
Posted in ETF analysis, Stock chart analysis, Swing trade commentary | No Comments »
January 30th, 2009 richk
I have entered short in Dow Jones Industrial Index. I see bearish development on chart of this sector (DJUSIN). I have used Ultra short ETF tracking this index.
Posted in ETF analysis, ETF trade setup, Stock chart analysis, Swing trade commentary | 4 Comments »
November 11th, 2008 richk
I was prepared for decline in oil price as I described several weeks ago. I also did trade I described.
But I did not expected that down trend move will be without any pullback. As second target area is reached I think that oil can do some pullback. I would like to use this pullback to enter new short in Oil. And where is the target ? If you look into history you can find nice support area near 40USD.
Current chart pattern for Oil
Posted in Stock chart analysis, Swing trade commentary | No Comments »
September 25th, 2008 richk
I received request regarding AMMD stock. It was little surprise for me because I want to trade this stock now too.
AMMD pulled back and made breakout from bullish stock chart pattern. I would like to enter trade in move above 18. But if AMMD will do pullback back to 17.50 area, then such pullback is also opportunity for low risk stock entry.
But this stock trade is against main stock market trend. So I plan to enter it with half position size only.
AMMD bullish stock chart pattern
Posted in Stock pick, Swing trade commentary | No Comments »
September 17th, 2008 richk
I feel current situation as ideal opportunity to short bonds as fear and panic moved them too much up. I use Inverse Bond ETF (Ultra Short ETF for Bonds) with symbol TBT.
I made several buys during last days.
Posted in ETF analysis, Stock pick, Swing trade commentary | No Comments »
September 10th, 2008 richk
My opinion is that CL futures can go not only to 100 as they did practically today but they are able to move down to 85-80 area.
From technical perspective I see huge topping pattern in CL futures with possible drop target into 60 area.
Based on current status of fear on financial markets I think drop to 80 area can be expected soon.
Any bounce to 110 – 112 level is shortable with targets mentioned above.
I plan to use DTO as Double Short Inverse ETF for Oil to trade this idea
Posted in ETF analysis, ETF trade setup, Swing trade commentary | 3 Comments »
May 14th, 2008 richk
Based on request from my reader Dave I did stock chart analysis of SSRI.
From my point of view SSRI has broken important support area between 28 – 30 . Now it is correcting back to this level acting as resistance now. So for me it is short trade opportunity with entry in area 28 – 30 and stop above 30.80. Target for short I expect near second important support level near 18 USD. This trade setup is preferably for position trade as it can develop few weeks I think. As you can see this trade setup has very good risk reward ratio.
Posted in Stock chart analysis, Swing trade commentary | No Comments »
