May 07
Two more longs we’ll be entering at Wednesday’s open, totally unrelated and at different stages of their uptrends. First up is Goldman Sachs ($GS). $GS has been in a descending channel since that 2/19 high and it’s just emerged from it in the last two weeks on good volume. Climbing above the 50-day wasn’t exactly …
May 05
LinkedIn got hit in Friday’s session after their earnings release and lowered guidance, triggering an exit signal for our long position. Despite the fact many believe they are sandbagging guidance during a period of strong growth, that’s not something we can quantify in our own analysis. Price and trend is all that matters here, and …
Mar 04
I’ve liked Microchip Tech ($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 11
BanColombia ($CIB) is a stock I’ve been watching for a while with Colombia being hailed as a potential growth area of which $CIB would be a clear beneficiary. The stock has been in a long-term trading range of just $15. Typically the longer the consolidation, the bigger the resolution, and this looks ready to break …
Feb 05
The great trend follower and ‘market wizard’ Ed Seykota famously remarked ‘everybody gets what they want from the markets’, for many people that is the thrill or excitement they get from trading. In explaining his comment Ed postulated even those who lose money are getting what they truly want subconsciously. For me, when done right, …
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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