Weekend Report
Here is a report of my weekend homework. First, the bird’s eye view of the markets: note: .DJI, .IXIC and .SPX are the Reuters symbols for Dow Jones Industrial Average, NASDAQ Composite and the Standard and Poors 500 Index respectively.
Take a look at BGO
I have been keeping an eye on BGO recently. BGO is Bema Gold Corp, a Gold mining company. A quick look at the weekly chart reveals BGO had a nice uptrend for a good part of 2005 and half of 2006. Mid-2006, the price started consolidating and bounced between a support at 4.25 and resistance […]
tip #2: Keep a beginner’s mind
Lesson 3 of Dojo Wisdom is inspired by Buddhists teachings who remind us to always keep a beginner’s mind because a beginner’s mind is more open and generally more accepting. Whether we apply this to accounting, martial arts, child care or trading is up to us. Everybody is always rushing to become “masters” for the […]
ROIAK
ROIAK or Radio One Inc., the radio station owner and operator, just made it on my watch list. As usual, I am sticking to fairly cheap instruments. The weekly charts tells me ROIAK may have formed a bottom last August, making it an attractive long. The current weekly trend is up and the impulse signal […]
NGAS
I will be watching the progress of NGAS in the coming week. The weekly chart gives a blue impulse signal which is not ideal but permits me to trade long if I so desire. The MACD histogram is up but the EMA still shows a down trend. I think the weekly primary trend is down […]
Black Belt Trading, tip #1
I know my posting has been inconsistent but such is life. Some weeks trading and blogging take a lot of my focus and others, well not as much. This time I was brewing something new I meant to start some time ago. A new series of posts categorized ‘Black Belt Trading’. For those who do […]
LTD
This morning, Wallstrip covers Limited Brands Inc. (LTD), parent of Victoria’s Secret, Bath & Body Works and Express Stores. We look at the weekly and daily charts and to see where we stand.
WIT
Wallstrip looks at WIT and so are we. WIT is an India based IT provider. Founded in 1945, it now has about 53,700 employees and has a slightly over 24B of market cap. WIT has been trending up pretty steadily since the bottom at 3.05 in May of 2003. Trading at a comfortable 16.83, WIT […]
Synergy
This post will certainly highlight my ‘tech’ side but I had no choice but to cover this here. This tool has single handedly improved my life, my trading and all my work at the computer in general. Many traders (actually pretty much everyone these days) rely on multiple screens to do their work. Scanning charts, […]
Elder-disk
I have recently been testing PCFs I can unfortunately NOT publish on this site. I decided to purchase Elder-disk v 2.0 for TC2005/2007. The software was written by John Bruns and is available for purchase on Elder.com‘s online store.