SEAS was a slow mover this week but it did move up! I closed my trade this week in 2 halfs. Half at $31.85 and half at $31.99. The first order was to take profit in the case that it dropped lower. I don’t want to let a green trade go red, so I will normally scale back my position if I feel like a trade is moving against me. I will sell the first half for a profit. This …Read the full article
I market filed my order on SEAS around lunch time based on that it dropped but held support. This pulled back some towards the close so watch it going into the open tomorrow!
Well, this turned out to be a great week to not trade. Everything was down, including the tickers that I had on watch. That’s a win! Have a good weekend everyone! We’ll get back to it in Monday.
Short week this week! The S&P 500 feels “tired” this week but the QQQ looks like it isn’t slowing down. If you look at the chart below, you’ll see that the we are at 70 RSI on the weekly chart and this is typically a spot where we stall. The RSI (Relative Strength Index) is a momentum indicator and RSI > 70 is considered overbought. RSI < 30 is considered oversold. A lower RSI means that the stock isn't overextended. …Read the full article
I was initially quite nervous about trading into an over-extended market this week because the SPX is trading at all-time highs (which it closed above on Friday). Since the Nasdaq (QQQ) and Dow are in different situations, I’m not quite as worried. While the QQQ is also trading just above an all-time high, the previous high is only a month old and the chart seems to indicate that this is more of a continuation of an up-trend. The SPX broke …Read the full article
Great Trade this Week! My limit order filled near the market open at $3.69. +5.1% Not bad for a ~1 day trade! CYH faded some after the open but I still like this stock and I think we’ll see it pop back up if the market continues to be strong this week.
The markets look to be very close to all time highs this week so watch to see if we break through. Good volume came in towards the end of last week, so I’m cautiously optimistic that we will get a green week. The high for the S&P is about 2873 so watch that spot. Healthcare was in a breakout last week and I expect the trend to continue. I like Community Health Services (CYH) if it gets above $3.47. If …Read the full article