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 [...]


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 [...]




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 [...]


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 [...]



David's

Updating Trading Idea: AMD

After leaving the green buying zone, there was six day up movement. On Thursday there was a sell-off which one could use to buy again. The movement is still intact. $15.00 is ahead of us, after breaking up that number we could expect for a surge as it was after $8.00. The green zone is still a buying zone. Is it the right time [...]



David's

Trading Idea: AMD Updated

AMD dropped with the market. Right now it’s entered the buy zone: This is the place where you enter into longs. We will see how eager everyone buying AMD, longer it is into the green zone the less interest to buy and move it higher. The stop is under the red line. Yesterday the market movement was bigger than AMD’s. [...]


David's

Trading Idea: AMD

I have traded many times, one of my favorite stock: AMD. The perfect example of an uptrend stock made 126% in a year. One can say I am emotionally attached. However, I have bought Intel processor for my PC early this year and Nvidia for a graphics card two years ago. I recommend now because it has a good setup: The red line [...]


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