Sunday, September 2, 2012

A few more stocks to watch next week.

DECK

Deck has met all the rules for a buy, but right now it consolidating price. If price breaks closes above $49.94, then I would buy this again. Notes on the chart.

DMND

I currently have a position in DMND. If price can create a higher pivot low above $18.50, I would buy again. Personally I cannot re-purchase this stock until it gets above my original purchase point, which is marked by a green dotted line, because I will buy more of a stock until it becomes a winner. I’m currently 5% down in this stock, but it still looks good to today.

EXK

EXK is sitting at the opening gate and ready for takeoff. With that said it has pullback below the red downtrend several times, so wait for it, do not jump until price tells you to. Stoploss and Max Chase is also marked on the chart.

HD

HD is a classic Bull Flag and I would buy on the breakout to upside. If she falls out of the bottom, lookout below.

LVS

LVS is looking like it might fall into the failed breakout category, but it still has time to create a higher pivot low. If you own, make sure your stoploss is honored.

UA

UA another classic Bullflag.

Saturday, September 1, 2012

CTRP

CTRP

I already bought and sold this for a small profit. Read the notes on the chart because this is back in watch list.

CAB watch

CAB

Notes on the Chart, but waiting for something to happen.

ATML

ATML

Still has not broken the downtrend line. Price is still below both 50 day moving averages, EXP & Simple. Using the the Count Back Line approach, price would need to close above $6.24 before I would buy ATML.

Friday, August 31, 2012

Best month YTD !!

It's not often when I'm dealing with buying and selling indiviual stocks that I can sing something good is happening, but August was my best month of the year. My liitle account is not worth much at the moment, but it is growing monthly because I'm feeding it new monies. When I paid cash for that car last March, it kind of drained my trading funds. This month I made $400 to put in my pocket which is good by my standards. I know the guys who do this for a living and trade big bucks, this is chump change, but I do this now educating myself for the next phase in my life when I retire. So yearly, I'm down $849 which is a little depressing, but nothing I cannot overcome. I'm self taught via books, internet, and following the reading of some traders online. 

One more note. I may be down year to date trading individual stocks, but my retirement account is up over 13% for the year. I monitor that as close if not closer than my stock trading. Yes, I move money in an out of different funds throughout the year and this year I have made 8 moves. 

My current stock positions are DMND, FBHS, LULU, MDAS, and PLCM. I'm up on 2 out of 5 currently and the only back breaker at the moment is DMND. I'm currently down 5.8% if I was to close this position right now. My stoploss on the stock is $18.50 and current price is $19.67. Overall the current movement in the stock is sideways and still meets all my requirements, so I will continue to hold this. PLCM looks a little shakey at this time, but I still like it. All other positions look good and I will hold them all over the weekend. 

No trading Monday in the US because of Labor Day Holiday, so Tuesday we get back at it. My current watch list and holdings are below.

Thursday, August 30, 2012

Bad day in the market and I'll show you mine.

What I like or love about most people that trade stocks is that they always tell you how much they are making or how great their last trade was but never show you. If you really want to cut to the chase with these hero's, ask them one simple question and that normally ends the conversation. Can I see your profit and loss statement year to date? Most will give you a deer in the headlight look to which you just smile and walk away. Without that data, it's just words. 

Today the stock market was down .8 to 1 % on most indexes. Since those indexes are made up of several stocks, it doesn't seem so bad. So when you own individual stocks, it sometimes can get brutal. The 5 stocks that I show above are all owned by me and they were all down. The range was .5 to 4.3%. Ouch! I really only had one stock get pounded into the ground and that was DMND down 4.3%. The rest were 1.5% or less. 

As you click those stocks above you will see a green dotted line which represents my entry price and then a solid red line with a flag showing my trailing stop. None were hit today and I can only hope that this is just a temporary selloff that will rebound tomorrow. I was just starting to digout of my last hole, so I would like to keep that going. The one thing that has me concerned is that the Dow30 and Transportation are starting to tank and that could be a sign of things to come in the very near future. Oh, we also have Uncle Ben speaking tomorrow. I expect that he'll do nothing and I expect that we might have another selloff because of that. 

Below is a chart of the S&P500 and it is starting to show signs a warning is warranted. I use a Count Back Line to help me take the emotion out selling stocks because my discipline is not always the best. But when it comes to my retirment money, I like to stay on top of things. You will see below that we are approaching my first warning level and that is the Count Back Line in Red. Price is stll above both the Exponential and Simple moving averages and both averages are still rising. Lastly, price is also above the current green uptrend line. I would have to see price close below the 50's and break the the uptrend line before I would pull my retirement money out of this current market uptrend. 

Wednesday, August 29, 2012

APKT Breakout

APKT is sqwaking buy me today breakout out of my Count Back Line, Downtrend line, and above the 50 day moving average. I'm out of funds and I do not want to sell my current positons. :(