Author Archive

• Following up on Home Builders
  Downtowntrader, Downtowntrader | January 20th, 2010 at 7:45 am

  

  I wrote on the home builder stocks earlier this year as a group that was looking strong despite the very negative sentiment still surrounding the group. Fundamental data is still weak at best, and Banks are still very leery of taking on more loans. Despite all the negativity though, the group remains in a favorable position. Tonight I am following up on that article and taking a look at some other home builder charts.

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• Don’t Throw Away your Money
  Downtowntrader, Downtowntrader | January 12th, 2010 at 8:24 am

  

  The similarities between poker and trading is something that has been mentioned countless time and with valid reason. Both are essentially an effort in speculation where risk management and taking advantage of an edge will have a long term positive expectancy.

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• Home Builders Looking Strong
  Downtowntrader, Downtowntrader | January 8th, 2010 at 7:42 am

  

  In a move that might be quite surprising to many, the Home Builders appear to have formed a solid bottom on the long term charts, and are starting to move higher.

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• Is the Financial Sector headed higher?
  Downtowntrader, Downtowntrader | January 7th, 2010 at 7:39 am

  

  Here is an excerpt of an article I wrote for tonight's Chart Advisor Newsletter."Financial stocks have been consolidating for approximately five months following a sharp rally in the first half of 2009. Recently, volatility in the financial sector has been dying down as money and interest rotate to other sectors such as commodities.

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• TJX diverging from peers and market
  Downtowntrader, Downtowntrader | December 30th, 2009 at 7:53 am

  

  While I am not necessarily bearish, the stock market continues to get extended on the upside and could be close to taking a breather. I've always maintained both a short and long watchlist so that I am not caught off guard by a down move in the markets. In the case the markets do weaken soon, I prefer to look for charts that are already diverging from the markets, rather than attempting to short stocks that have shown strength and are extended.

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• Longer term look at SNDA
  Downtowntrader, Downtowntrader | December 28th, 2009 at 7:32 am

  

  As a trader it's important to keep an eye on the longer term charts in order to gain perspective on the underlying trend. Signals on longer term charts hold more weight than shorter term signals as time filters out some of the noise prevalent on shorter term charts.

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• An objective look at the US Dollar and Gold
  Downtowntrader, Downtowntrader | December 17th, 2009 at 7:44 am

  

  One of the most talked about financial stories this year was the continued decline in the US Dollar. With the government reducing interest rates to zero in an effort to combat a possible depression, the dollar has endured one of the longest declines in its history. The decline in the dollar has helped push Gold to all time highs, and has forced investors to search for asset classes with a higher

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• Stock Chart CALM
  Downtowntrader, Downtowntrader | December 10th, 2009 at 7:54 am

  

  Cal-Maine Foods, Inc. (Public, NASDAQ:CALM) CALM is one of the stocks on my watch list tomorrow primarily because it looks like it is attempting to clear a small lateral range it has established over the past few weeks. This small range is part of a larger overall base between $25 and $30 a share. The $30 level is also critical resistance on the longer term weekly charts.

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• Some oil stocks looking vulnerable
  Downtowntrader, Downtowntrader | December 4th, 2009 at 8:07 am

  

  While I was cautiously optimistic on some oil stocks recently, many are starting to look vulnerable right here. The Oil Service HOLDRs (ETF) (Public, NYSE:OIH) which is a good proxy for Oil Service stocks is close to setting a lower low, which could lead to some near term weakness in the group. While there is some decent support underneath, some individual names are looking more vulnerable.

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• Stock Chart Analysis DJ Transports
  Downtowntrader, Downtowntrader | December 1st, 2009 at 7:07 am

  

  While all the recent attention has been on the dollar, financials, commodity stocks and metals, the transports have quietly put themselves in a very interesting position based on the daily chart.

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• Stock Chart Analysis FMX
  Downtowntrader, Downtowntrader | November 18th, 2009 at 12:08 pm

  

  I’ve been calling FMX the most interesting stock in the world, mostly as a reference to the commercials for Dos Equis lager which is produced by the company. However, it seems that recently the stock has become interesting on its own merits with buy out speculation running rampant, namely from Heineken.

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• Stock Chart Analysis STP
  Downtowntrader, Downtowntrader | November 10th, 2009 at 8:31 am

  

  STP looks like it is getting ready for a sharp move, and while it is currently in a bearish setup, traders should be on guard for a move in either direction.

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• Stock Chart Analysis HL
  Downtowntrader, Downtowntrader | November 4th, 2009 at 8:31 am

  

  I wrote an article last week for Investopedia mentioning that there might of been a buying opportunity present in Silver and in it I mentioned Hecla Mining Company (NYSE:HL) as a silver miner to watch, as it was close to testing an important support level.

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• Stocktwits Charity Poker Tournament Wrapup
  Downtowntrader, Downtowntrader | October 26th, 2009 at 5:52 pm

  

  I would like to thank everyone that participated in helping us raise money for the TS Alliance through our first ever Stocktwits Charity Poker Tournament last evening.

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• Stocktwits Charity Poker Tournament Update
  Downtowntrader, Downtowntrader | October 19th, 2009 at 7:58 am

  

  I continue to be amazed by the generosity shown by the members of the Stocktwits community. I originally expected a few signups to the tournament and to maybe raise a halfway decent amount for the TS Alliance.

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