Swing Trade Ideas - 8/30/2014

Thanks to couple of my followers for a few great swing trade ideas. Here is a look at those ideas: STT, FANG & WFM. In additional, a brief update on TWTR & FB.

Don’t Get Carry Away

The SP500 continues to recover from its August 7 low and has gained over 4% off that low. From the recent rebound, it also made a new all time high along with a new closing high last Thursday, August 21.

Trading Perspectives - EBAY

In this video, we will take a look at the recent trade I made on EBAY and other aspects of trading.

Take 2

The SP500 attempted to put in a new all time closing high yesterday. It was above the previous closing high of 1987.98 until it backed off near the close and ended at 1986.51, less than one and a half point from a new all time closing high. The Nasdaq 100 continues to make new multi-year high, it is at a level that was last seen in September 2000. In this brief video, we will take a look at the SP500 and the Nasdaq 100 to see what we can expect in the coming days in event of a possible minor pull back and the continuation on putting in a new record high for the SP500.

What’s Next?

Just in case you have not heard, Apple stock price reclaimed the 100 mark and closed today at 100.56. What is a big deal you might ask? It depends on your perspective. But the more important question a trader should ask is “What’s next?”

Here We Go Again!

In technical analysis, one look at patterns and price actions that have occurred in the past for clues on how the price might react when a similar pattern or price action appears in the future. It is the belief that similar price pattern will result in similar reaction due to human nature does not change. We human react to similar situation in a similar manner as we had in the past.

Trend Remains To Be UP

As the month of August reached the half way point, the statistically to be one of the worst month of the year is up so far as measured by the SP500. Even the worrisome small cap index, the Russell 2000 is up for the month. Of course, there’s still half a month to go and anything can happen between now to the end of the month.

What? No Charts!

Sorry, no charts on this piece. Instead, I am just going to write something about our reaction to market moving events.

Consolidating Today's Charts - 8/15/2014

Here are the charts & tweets that were posted during today's trading session:

Golden Possibilities

Here are some swing long possibilities for the gold & gold miners ETF, GLD, DGDX, GDXJ.

Was That It?

Was August 7, 2014 the day the SP500 put in an intermediate low for the recent market pullback (some call it a correction). Take a look at the following chart with couple market breadth indicators on it. The advance/decline and the new-high/new-low show a slight positive divergence as the SP500 made a new low on 8/7/2014.

New High Territory

Let's take a look at some possibilities for AAPL, SPY and QQQ to make a new high.

Murky Picture

As any seasoned technician will tell you, technical analysis is more of an art than science and it is more subjective than objective. For these reasons, a technician will look for confluence from various technical perspectives in an attempt to form a highly probable conclusion on potential price movement. Note the key word “probable”, because there is always a degree of uncertainty in any form of analysis, whether it is technical or fundamental.

Trading Scenarios - 8/10/2014

Here are some possible swing long trading scenarios for WLT, BLK and COH.

Trade Analysis For SCTY & FB

Here are couple videos posted this weekend on Twitter. One is reviewing the post earnings price action on SCTY, and the other video is on a possible swing long trade setup for FB.

SPY Before The Open - 8//8/2014

Here is a short video looking at the SPY before the US market open for trading.
Click here to view the video.

Market Outlook - 8/5/2014

Here is a brief look at the market and some levels to watch for the coming days.

Potential Bounce Levels

Here are some possible price levels for a short term bounce for the market index ETF: SPY, DIA, QQQ and IWM.

Potential Bounce

A look at potential bounce from AAPL, NFLX, AMZN & GOOGL for a quick trade and some possible threshold to watch for swing long.

Nothing Has Changed

There is really not much has changed in the market since the last video on the SP500. It appears the market still in a pullback phase. This pullback is not much different than the one in the beginning of 2014. Yes, there are deteriorations within the market breadth. This is an indication of a weakening market, but not necessary an indication of a new bear market(yet). Until a top has been made and confirmed, no one knows the market has topped. In the meantime, wait until major support levels have been tested and broken before categorizing this pullback as a major correction. Continue to be patient and be defensive. Be mindful cash is a position.

Where To SP500

Now that the market has retreated in a somewhat dramatic fashion, many traders are wondering is this the big correction that most traders been waiting for and how deep will this drop be. Rather than spend the time to guess if this is the big one or not, let spend some time on where the market might find support if this down draft continues. In this video, we will look at some possible levels that the SP500 might be headed.