Tag Archive: consolidation

Jul 25

Entering Long Corning ($GLW)

AlphaCapture

We’ve kept Corning ($GLW) on our watchlist since exiting a previous long position in late June with a 11.2% gain, and it now appears to have done enough with a new entry trigger which we’ll execute at Friday’s open. Corning ($GLW) In the last few days $GLW has reclaimed the ground above the 50-day, and …

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Jul 17

Trend Following Update – Exiting Short 10yr, Entering Long S&P, NASDAQ

AlphaCapture

As indicated earlier we got three signals on our futures portfolio today which we’ve executed at tonight’s open. We covered our Short 10yr position for a profit of $4,000 per contract, and entered Long S&P and NASDAQ. As a reminder, we don’t use the signals from our futures portfolio for a market view that we …

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Jul 10

Entering Long 3D Systems ($DDD), FEI Company ($FEIC), McKesson ($MCK), Sally Beauty ($SBH)

AlphaCapture

Here’s 4 more long positions we’ll be taking: 3D Systems ($DDD), FEI Company ($FEIC), McKesson ($MCK), and Sally Beauty ($SBH). They’re all stocks we’ve been watching for a while, possessing many of the characteristics we look for; being in well-established uptrends, emerging from a recent consolidation, providing us with an attractive risk/reward entry. We’ll enter …

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Jun 12

Entering Long Lockheed Martin ($LMT)

AlphaCapture

Call me crazy, but I’m still finding uptrends out there. People seem to be getting awfully bearish all of a sudden, and I get it, the market is off its highs, it’s started having reversals from gaps higher – always a bad sign – but there’s always an uptrend somewhere, and we have one in …

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Apr 26

Exiting Long PerkinElmer ($PKI)

AlphaCapture

$PKI got hit today after disappointing earnings, triggering our stop after slicing through first support and even going as far as the 200-day MA. It had remained in a lengthy consolidation pattern since our entry but Friday’s move invalidated our rationale. We’ll exit at Monday’s open. As of Friday’s close we were -13.6% on the …

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Apr 24

Exiting Long Alexion Pharma ($ALXN)

AlphaCapture

$ALXN has pretty much been straight down since our entry. We had a marginal break of that $91 area we cited before managing to climb back above it Tuesday, but in Wednesday’s session it performed poorly again finishing with a clean break to an 8-week low. In our entry post we stated such a move …

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Mar 26

Corning ($GLW) Set To Emerge From 18-Month Base

AlphaCapture

We’re adding a long in Corning ($GLW) to our portfolio this morning. This is a stock that doesn’t fit the pattern of many of our longs, it’s not already in an established long-term uptrend, but its price action on a short-term and intermediate basis suggests it could be in the early stages of a very …

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Mar 15

Review Of Open Positions – Stocks

AlphaCapture

This week we got stopped in MS China ‘A’ Shares ETF ($CAF) and St. Joe ($JOE), both of which we detailed here. We also added longs in HCA Holdings ($HCA) here, and Lululemon ($LULU) here. We currently have positions open in 25 stocks. As always we’ll go through the losers first, then the winners, highlighting any charts …

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