My limit order tripped on ERI. I sold my last 200 shares at $43 even.
I sold half my shares (for a small gain) to reduce exposure going into the end of the week.
Bonus Trade of the week! The market is strong today and I want to trade. I just bought 400 shares of ERI at $41.92. The next resistance in this chart is $45. I’ll probably sell half my position conservatively for 2 or 3 percent.
I’ve bought a starter position in TROX. I’ll probably add more later in the week if it holds up.
Welcome to 2019! This week, the Market looks like it could move up barring additional bad news. All the major indices (SPX, QQQ, IWM) closed above their 5 period simple moving average lines and above previous resistance levels. While I don’t expect all ice cream and sunshine from here on out, I think there will be some sort of playable move this week. This week, I’m planning to take my shot at Tronox Ltd (NYSE: TROX). I like this chart …Read the full article
Happy New Year! The market has continued to be very volitile the last few days and volume has been light due to the holidays and the early market closings. We saw the worst Christmas Eve in stock market history and a huge rally the day after Christmas. I have been busy with family and have not had the time to focus on trading. I feel that focus is very important in this market and trading without a solid plan is …Read the full article
The market is closed on Christmas (Tuesday) and we have a half day on Monday. This means volume will be very light for the first part of this week. Market futures are green and these rebound rallies have not been long lived recently. These conditions done give me much reason to trust a small rally into an early close and a day off. This week, i plan to wait for a trade until premarket on Wednesday since i can choose …Read the full article
This Market has been rough. We’ve had two big down days in a row and Futures do not look very green. It would seem that we would be about ready to bounce off of a bottom but I’m not seeing it coming in yet. Let’s just hold off until the market offers some direction.
I didn’t want to risk my trade going (more) red. I sold my position for a small gain.