Author Archive

• Cool Stuff
  The Chart Addict, WeeklyTA | January 20th, 2010 at 10:49 am

  

  I did mention that I was a visual person, right? I frequently browse through many sites for new and exciting info. Here are three resources that I use for some eye candy:

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• The Art of Reading the Tape: Part Two
  The Chart Addict, WeeklyTA | January 18th, 2010 at 11:04 am

  

  We left off of part one of the series by discussing the ‘edge’. The edge is basically what works for you consistently and profitably. It is your system, and it’s different for everyone. You don’t necessarily need an indicator to see the trend because a chart is usually enough. A system doesn’t have to be cumbersome, incomprehensible, or basically, complicated and otherwise a failure. There is a certain simplicity you arrive at after a series of complications

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• Trade Reviews: GENZ, CYCC, VVUS
  The Chart Addict, WeeklyTA | January 8th, 2010 at 10:19 am

  

  My trades from yesterday and all of this week so far has put my YTD gains at over 10%. Yesterday was the best day of the year so far, despite my absence. I am trading, but I am sitting in a small advanced sociology winter class at the same time between 9am-12pm. To make up for the lack of real-time trades, I decided to continually post screenshots of all of my trades. I’d like to see more people do that since there’s so much bullshit flying around on the internets.

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• Index Updates / Trade Review: STEC
  The Chart Addict, WeeklyTA | January 6th, 2010 at 10:26 am

  

  The indices are, again, at different stages of development. For example, the SPX is forming the apex of a another more steep rising wedge. The DJIA is in a tight ascending channel. The COMP is the best performer with a solid b/o in Dec, needs follow-through action to carry the other indices. I am impressed with the RUT as it pushed passed the weakness at the end of last year and broke to a new daily high. Keep an eye on these four indices and any changes that they may exhibit.

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• MERRY CHRISTMAS!!!
  The Chart Addict, WeeklyTA | December 25th, 2009 at 12:55 pm

  

  Hey traders! Hope the early morning Christmas festivities are going as planned. I actually couldn’t find my cork screw so I thought of a creative way to open up a wine bottle. You need a screwdriver and a hammer. Position the screwdriver on top of the cork and repeatedly hit it with a hammer until the cork is inside the bottle (some splashing may follow). When you pour the wine, the cork floats to the top, leaving the wine to freely flow into your glass.Cool, huh?

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• A Few Things
  The Chart Addict, WeeklyTA | December 22nd, 2009 at 10:33 am

  

  The SPX is still in the range, however the COMP is not. Also, note that the SPX range has a slight upside tilt.

  The RUT is making a move to reach the highs on the daily.

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• Dollar Stock Circus is Back!!! (sort of)
  The Chart Addict, WeeklyTA | December 19th, 2009 at 12:03 pm

  

  Listen, I caught the dollar stocks en masse like no other and they boosted my YTD from less than +100% to over +300% by the end of summer. I am digging the dollar stocks again.

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• $5-10 Setups (Examples)
  The Chart Addict, WeeklyTA | December 14th, 2009 at 7:48 am

  

  There are a variety of things that I look for. For example, BLC is a stock that will test the Oct highs. INCY broke the Sep highs and is consolidating in a flag. MTW is a dual support play. NYT is a potential late sym tri breakout. TTWO is a breakaway gap down stabilization play. VVTV is a multi-month breakout and consolidation play. DTG is a classic flag pattern testing two MA’s.

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• Looking at the Day’s Biggest Gainers & Decliners
  The Chart Addict, WeeklyTA | December 10th, 2009 at 7:55 am

  

  One of the things that I do each evening is to look at the biggest and best gainers and decliners for the day. You can always pick out continuations or reversals, especially when a stock is up/down double-digits and more especially if a stock breaks out/breaks down on the daily.

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• SPX Remains in Consolidation / Sector Analysis
  The Chart Addict, WeeklyTA | December 3rd, 2009 at 8:03 am

  

  Market remains in consolidation, however current 3pm futures shows an immediate break from the consolidation, so keep an eye on it in the morning.

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• Recap of Last Night’s Show
  The Chart Addict, WeeklyTA | December 2nd, 2009 at 12:46 pm

  

  First of all, today is a “no follow-through” day. Highly cautious with intra-day trading.There will be many days like this, as it is typical from after Thanksgiving till after Christmas. I, myself, have winded down my own operations since I don’t see the point of messing up my best year ever. I continue to trade my own accounts, as always.

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• Trade Review: KIRK / 100% Win Percentage on Friday
  The Chart Addict, WeeklyTA | November 23rd, 2009 at 8:29 am

  

  Friday was a good day. It was a 100% win percentage day, despite the fact that I had a class from 10-10:50AM and that I had a flight at 6 something. I traded KIRK, DBRN, and NLST. KIRK and NLST were the big gainers, and DBRN was just +1%.  I am in the middle of training a student right now in L.A., but I posted a trade review of KIRK below.

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• Further Consolidation
  The Chart Addict, WeeklyTA | November 20th, 2009 at 9:21 am

  

  My activities today will be limited as I make preparations to head back to Los Angeles this weekend.

  I expect further consolidation across the general market as well as further pattern failures in individual names. Consolidation generally makes it more difficult to day trade, fyi.

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• Knowing When to Chill Out
  The Chart Addict, WeeklyTA | November 19th, 2009 at 8:22 am

  

  After making 2 trades today, I realized that today was just gonna be “one of those doji days”. In fact, that’s what happened. I was in the city (DC) for the afternoon, realizing that my time is best suited elsewhere.

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• The Broadening Rising Wedge
  The Chart Addict, WeeklyTA | November 17th, 2009 at 10:00 am

  

  The pattern in focus is the broadening rising wedge. The rally continues, but this is an intermediate-term consolidation pattern, one that may not have been clearly visible to most people.

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