NFLX has pulled back to the 20 day ma, oversold, and is trending nicely. Could be a pivot level, though the risk is pullback continues to the 50 day ma.
Showing posts with label 20 day ma. Show all posts
Showing posts with label 20 day ma. Show all posts
Thursday, June 24, 2010
Today's Entries: NFLX and ADM
I entered NFLX and ADM today.
NFLX has pulled back to the 20 day ma, oversold, and is trending nicely. Could be a pivot level, though the risk is pullback continues to the 50 day ma.
NFLX has pulled back to the 20 day ma, oversold, and is trending nicely. Could be a pivot level, though the risk is pullback continues to the 50 day ma.
Sunday, March 18, 2007
Monday's Gameplan and a Look at Some Energy Plays
Not much has changed for me heading into this week. I still plan to short strength and cover weakness. Much of the market is looking oversold, so I won't initiate anymore shorts until I see a decent sized bounce.
I am interested in watching for longs in energy, especially oil drillers and refiners. I still have a long position in HAL, and will be looking to buy VLO if it tags it's 20 day moving average.
I will also keep a close eye on XLE, the energy ETF. It has tagged it's 200 day moving average and could put in a nice bounce.
Take a look at TSO. This oil driller has a really nice looking long setup, which has been a rarity in this market. I may buy a tag of the middle bollinger band.
I am interested in watching for longs in energy, especially oil drillers and refiners. I still have a long position in HAL, and will be looking to buy VLO if it tags it's 20 day moving average.
I will also keep a close eye on XLE, the energy ETF. It has tagged it's 200 day moving average and could put in a nice bounce.
Take a look at TSO. This oil driller has a really nice looking long setup, which has been a rarity in this market. I may buy a tag of the middle bollinger band.
Tuesday, February 27, 2007
Today's Trades, Watchlist
I sold all 600 shares of QID at $50.61 (entry at $49.85) for a $456 gain (+1.5%). I exited before hitting my target price. I'm worried that the recent strength in semis could lead to an upward breakout in the Nasdaq.
I bought 100 shares of GS at $214.45. It can be nerve racking buying hard dips in financials. However, this stock, and sector, has persevered through every dip over the past 6 months. I looked at many of the major financial stocks, and of course, GS is the cream of the crop. While all have been buys off dips, only GS has consistently held up at the 20 day MA (mid Bollinger Band). This is a sign of a strong stock in a mean uptrend.
Watchlist Notes:
FFIV: pb 76-77, stop 75
NTEL: overbought. short strength?
AKAM: pb to 50 MA
SSRI: buy pb to 20 MA
AL: HTF
RYI: HTF after BO
VLO: buy pb to 57
EWZ: buy pb to 20 Ma
This watchlist is merely a list of stocks to watch. It is not a buy recommendation. Even if a stock meets parameters listed, other factors may cause me not to trade the stock. For example, a high volume decline to buy target, rather than a low volume pullback.
abbrevations:
pb=pullback
HTF=high tight flag formation
BO=breakout
MA=moving average
I bought 100 shares of GS at $214.45. It can be nerve racking buying hard dips in financials. However, this stock, and sector, has persevered through every dip over the past 6 months. I looked at many of the major financial stocks, and of course, GS is the cream of the crop. While all have been buys off dips, only GS has consistently held up at the 20 day MA (mid Bollinger Band). This is a sign of a strong stock in a mean uptrend.
Watchlist Notes:
FFIV: pb 76-77, stop 75
NTEL: overbought. short strength?
AKAM: pb to 50 MA
SSRI: buy pb to 20 MA
AL: HTF
RYI: HTF after BO
VLO: buy pb to 57
EWZ: buy pb to 20 Ma
This watchlist is merely a list of stocks to watch. It is not a buy recommendation. Even if a stock meets parameters listed, other factors may cause me not to trade the stock. For example, a high volume decline to buy target, rather than a low volume pullback.
abbrevations:
pb=pullback
HTF=high tight flag formation
BO=breakout
MA=moving average
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