David's

Market Week 40

The sideways movement continued until the start of October. The SPX tested EMA 50 several times and for the 3rd attempt it broke down. Here is the chart: Yesterday it stopped at the red line. If bad news keeps coming then we will go under it. Another scenario could be a jump back to the cross of EMA20 and EMA 50. At this moment [...]


Market

Market Week 39

Exciting times again. After a really boring September lately, Ms. Media began to create everything is fine articles. “It could move higher”. Yesterday was a slap. First, let’s see SPX: The exponential moving average of 20 (orange) was breached. Today the EMA(50) (blue line) is the next support altogether with [...]


David's

Performance: 2018

Cumulative Performance I didn’t have the time lately to publish anything on this site. It’s September let’s do a fresh start. I would like to start with the last year’s performance: As far as I remember the first quarters are not good for me. I did there the worst return -15.45% within a day. The best [...]


David's

Trading: X

The Basic Materials The Materials Select Sector SPDR ETF (XLB) is not well. On the chart, one could see it’s not trending.  From year start it’s down more than 5%. The market as a whole tumbling since the February dive. On the contrary, the United States Steel Corporation (X) is really strong on the chart. The [...]



Market

The 2018 Year Start

S&P500 This year the S&P500 started with an exceptional move. Since the start of the month, the S&P500 made several new highs. Looks like nothing can stop it. The last three days were volatile but finally, it moved further up. This upside last trade is further away from the EMA50 as ever before. On [...]



David's

Waiting to Reborn

Many lost money on GoPro since 2014. Probably only a few knew in October 2014 that the GPRO stock peaked at $98.47 and after that, there was just southward. In the second half of 2015, the investors had enough and exited. But many kept the shares until the last drop which was this year back in March. Weekly Something happened [...]


Market

WK35: Start Your Engines

Lately, the choppy movements with drops were not the best time to trade. So I decided not to post anything. But now yesterday we saw a strong bullish signal. The first green move could have been a fake as usual. Yesterday up move confirmed slightly. Enough confirmation to post the charts: ES The down move was not confirmed [...]



Market

WK32: August Market Surprise

The market yesterday made a significant drop. Looks like the new high was a trap. SPY: The market broke down the 20 EMA, 50 EMA and two of the major trend lines from last year November. The next Support could be the 240 level. All of my positions stopped out. Yesterday I entered market short positions and carefully watching the [...]


David's

Updating Trading Idea: AMD

This is the time when our favorite stock idea needs an update. We are again in the green zone. The 50 EMA held the price yesterday. Moreover, the QQQ weakness was helping the fall. This is once more a nice place to buy with small stop under the former bottom. Valid profit target would be the $15.00. The uptrend is still on, the [...]


Story

Why Greedy Goldfish?