Apr 02
We finally got stopped on $KORS with today’s close, I say finally because it’s been 2 or 3 weeks now we’ve thought it likely as it continued to flirt and rebound with our stop level around $55. Michael Kors ($KORS) -8.3%. Original 1/27 entry post here. Today was a pretty clean break, on increased volume, …
Mar 26
We’re adding a long in Corning ($GLW) to our portfolio this morning. This is a stock that doesn’t fit the pattern of many of our longs, it’s not already in an established long-term uptrend, but its price action on a short-term and intermediate basis suggests it could be in the early stages of a very …
Mar 04
I’ve liked Microchip Tech ($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
Whole Foods ($WFM) is another one of those stocks that gives you that Peter Lynch “invest in what you know” moment where from either experiencing or seeing the company’s products, or just hearing others give glowing reviews, you want to see what all the fuss is about and buy the stock. They’ve opened a store …
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....
Loading tweets...