locogmac > Blogs

User Avatar
Brokerage Account

Member since: Sep 06

Look Out Below

Lots of stocks falling through or close to their 200dma or 50dma. My two main stocks, JASO and LDK are hanging by a thread at significant moving averages. A few others I've been watching look to fall through also.

Time to get short again? Looking at ENER for a short. Both MACD and slow stochastics show an overbought condition and a move towards a technical sell-off. 

Share This! Report

Posted by locogmac on 06/10/08 at 11:38 AM

Tag It | 1 user tagged it: JASO, LDK, ENER

Comments

User Avatar
User Avatar Brokerage Account

Gordon Gekko

Member since: Dec 06

5 Day 0.00%
15 Day 0.00%
1 Month 0.00%
3 Month 0.00%
6 Month -82.02%
As of: 01/08/09
How is this calculated?
Trades 91
Trade Notes 2
Blog Posts 0
Real Estate Appraiser
Age: 20's
Sacramento, CA
Gordon Gekko
I'm getting hurt in SOL. I am closing out my position soon.
User Avatar
User Avatar Brokerage Account

DavidDT Trading-to-Win.com

Member since: Jan 08

Trades 0
Trade Notes 0
Blog Posts 39
Full time trader
Age: 40's
http://www.trading-to-win.blogspot.com/, CT
DavidDT Trading-to-Win.com

Gordon - why would you still be in SOL?

 Chart_of_SOL.gif

DavidDT 

User Avatar
User Avatar Brokerage Account

locogmac

Member since: Sep 06

Trades Not Shared
Trade Notes 33
Blog Posts 21
Student
Age: 20's
Washington UNITED STATES
locogmac
Good example, SOL right at its 50dma. Better close out before it falls through. May short that one too, went short on ENER today, not going the right way, but will see it through the week.
User Avatar
User Avatar Brokerage Account

DavidDT Trading-to-Win.com

Member since: Jan 08

Trades 0
Trade Notes 0
Blog Posts 39
Full time trader
Age: 40's
http://www.trading-to-win.blogspot.com/, CT
DavidDT Trading-to-Win.com

locogmac - I don't trade off MAs ( well, I do, but not using common definition of MAs), just have those as "markers", the point was - those vertical bars are sell signals. ( NO - I did not "paint" those - my software did, they are not widely known indicators which I tweaked to extremes ).

Also, horisontal bars ( green and red) are volume by price hystogramm - the moment price moves away move will accelerate. 

As for ENER - here is a chart ( Note - I went into today long JASO calls ) 

Chart_of_ENER.gif

User Avatar
User Avatar Brokerage Account

locogmac

Member since: Sep 06

Trades Not Shared
Trade Notes 33
Blog Posts 21
Student
Age: 20's
Washington UNITED STATES
locogmac

For the most part I don't either. But combine that with some other things like the stochs, that's how I made my decision. I should be fine... and if I'm looking at your chart right, if that red bar there means a sell, according to your charts I should be fine ok as well.

I probably would be picking up more JASO in this price range as well but I'm strapped for cash. Anyways, I think my portfolio is already heavily weighted in JASO.  

The content and stock or option symbols on this page are for educational and informational purposes only and should not be considered a recommendation or solicitation to invest in a particular security or type of security. Your use of the TradeKing Community is conditioned to your acceptance of all TradeKing Disclosures and of the TradeKing Community Terms of Service. © 2009 TradeKing.
Testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.
Quotes delayed at least 15 mins. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.