ORCL Swing Setup Short

2016-05-03T10:20:48-04:00May 3, 2016|

ORCL is sporting a perfect double top and and confirming the pattern today as well as breaking below the 50-day moving average. There is also a gap in the $38's that remains unfilled and continued weakness in this market would likely lead to that gap being filled.

Splash Zone Weekly Wrap Up: 5/1/16

2016-05-02T06:32:17-04:00May 2, 2016|

Last week marked the first time in eleven weeks where the market closed below the previous week's lows. It doesn't sound like a big achievement on the surface but when you look at it closely, it represents a shift to the status quo and one that may carry over into [...]

Splash Zone Weekly Wrap Up: 4/25/16

2016-04-24T05:45:48-04:00April 24, 2016|

The market resiliency continued into last week with a positive return for the eighth time in the past ten weeks. There are some cracks beneath the surface though, particularly with earnings starting to disappoint on a large scale - most notably with Microsoft (MSFT) and Google (GOOGL).  Tech is starting [...]

USO Short Setup – Using CL technicals

2016-04-21T13:53:36-04:00April 21, 2016|

4/21: Crude hitting major resistance on the chart. Since I don't trade futures in the Splash Zone, I have elected to short USO instead. There is plenty of long-term resistance overhead on the price of crude, which I will provide a chart for.

Splash Zone Weekly Wrap Up: 4/17/16

2016-04-18T07:50:51-04:00April 18, 2016|

There isn't much to review from last week considering that I was stuck in jury duty for most of the week, and as a result no trades were placed - at least in terms of new positions.  As a result, we have one position and it is our carry over [...]

Splash Zone Weekly Wrap Up: 4/11/16

2016-04-11T05:45:01-04:00April 11, 2016|

Overall the week finished lower last week.  We closed out some solid gains in Netflix (NFLX) and (AMZN), while struggling with our trade in SDS for a small loss.  We saw a nice move out of TLT last week, which definitely helped matters, but our positions in SPXU and DIS [...]

Splash Zone Weekly Wrap Up: 4/3/16

2016-04-04T07:12:12-04:00April 4, 2016|

Last week was an excellent week of trading in the Splash Zone. There wasn't a ton of trades, and there didn't need to be. The positions that were in our portfolio did their thing and continued to progress in value.  With six trades overall, five of them were in the [...]

AMTD Swing Trade

2016-04-01T11:31:20-04:00April 1, 2016|

4/1: XLF showing signs of wanting to bounce off of the 20-day moving average, as is AMTD. As a result, I want to trade AMTD now while the risk/reward is favorable and the market is moving off of the lows of the day. once it clears $32, it should be [...]

NFLX Swing Trade

2016-03-31T10:39:29-04:00March 31, 2016|

3/31: Got out of NFLX yesterday as a precaution to a concerning price candle from the day's action. Today's price action has reversed that course so far and showing signs of rallying off of the 5 and 10-day moving averages. I am looking for the current breakout to continue here.

EMN Swing Trade

2016-03-30T10:16:12-04:00March 30, 2016|

3/30: EMN breaking higher and through resistance going back to October. Nice consolidation at the rally highs and looking to break higher with s upport of the 20-day MA underneath.

NFLX Swing Trade Setup

2016-03-28T16:00:19-04:00March 28, 2016|

3/28: Holding strong to the 20-day moving average and breaking back above the 5 and 10-day moving average following a 4 day pullback in the stock. 200-day Moving average overhead has offered little support/resistance so isn't being considered in the context of this trade. Potential breakout target of $110-115. This [...]

MJN Swing-Trade

2016-03-28T12:57:05-04:00March 28, 2016|

3/28: Bull flag pattern following a big gap up earlier this month. Holding strong to the 10-day moving average and breaking over the 5-day moving average. Looking for a move into the upper $80's.

Go to Top