May 12
Here are three more longs we’ll be entering at Monday’s open. As I mentioned in this weekend’s review of open positions, we’ve had a flurry of new entries in the last week or so, a reflection of how many opportunities exist with a number of stocks in strong uptrends and attractive risk/reward setups. For two …
Apr 30
We’ll be adding a long in $ADBE at Wednesday’s open, bringing us up to 26 open positions. It’s interesting this is the first new equity position for over a month, possibly a reflection of the fact that although many of our existing ideas continue to work, we hadn’t been finding many new opportunities. Until now …
Apr 25
In case you’ve been on a desert island for the last six months you might be unaware the Yen has been in a monster downtrend. Fortunes have already been made and lost, but depending on your timeframe it may just be getting interesting. For ease of consistency and reference let’s continue the rest of this …
Mar 04
I’ve liked Microchip Tech ($MCHP) for a while but it hasn’t given me the low-risk entry I was looking for, until now. Here’s the weekly chart where you can see the breakout it had from a huge descending triangle last month. Looking at the last six months in more detail on the daily chart below, you …
Feb 06
It’s time for our regular checkup with Dr. Copper, so-called because of his record as a leading indicator of economic health. He’s been down in the dumps for a while now but is showing signs of recovery. Here’s the weekly chart of the iPath Dow Jones UBS Copper ETF ($JJC): It’s dominated by this huge …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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