Swing watch-list 12/14/16

Current positions:

NFLX
FCX
AKS

Room on a Chart & Building Blocks

NUGT, gold, DUST, whatever trading vehicle you wanted to use to trade gold today, trended perfectly the entire day.  What do I mean by that?  Every bounce was faded and it continued to trend down the entire day.  Take a look at the example from above.  There were numerous opportunities, with small risk, to trade in it today.  What makes this different than a stock that didn't trend perfectly all day?  Let's take a look at the daily chart.

First thing to notice is that for the past month and a half, NUGT formed a bottom, right around the $17.50 area.  Second thing, it gapped below this range to begin the day.  Third thing, Look at all the room below this range.  It had the room to move and trend properly.  All these things together brings the perfect storm for an all day trender.


BUILDING BLOCKS

I like to look at stocks as building blocks.  Of course they need to have the room to move to trend properly and build these blocks.  But lets show an example of what I mean.

In this example, you can see how NUGT trended today.  each flag or block was building underneath the previous block.  Looking at stocks as blocks has simplified things for me.  If you are in a trending stock, the blocks should be building on top of each other in an uptrend and building below each other in a downtrend.

Watch-list 10/5/2016

Market continues to chop around between the 50 day and 100 day moving averages.  Looks like a bear flag for now.  Gold broke down today, every bounce was faded.  That run appears to be over for now.  Through my scans, I did notice a lot of healthy breakouts.  Interestingly enough, I also saw quite a few breakdowns including some biotech and material names.

Watch-list 9/13/2016

Watch-list 8/31/2016

Dog days of summer continue.  Market could remain slow until after Labor Day.  Besides the sell off in gold, I haven't seen much action.

Watch-list 8/24/2016

Slow action in the markets as summer comes to an end.  Market still in slow grind mode.  Slim pickens out there.  I have been trading much less than normal this week.  Mostly just trading IPO stock TWLO, long Monday and short today.  I plan to continue to trade light until things change, which may not occur until after Labor Day.  Here are a few names of interest.

Watch-list 8/19/2016

Ideas for 8/12/2016