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Who’s Your Daddy – Blueprint 6-15-2014

By Filed Under: Nightly Reports

Happy Father’s Day StockBandits!

Before I get into the market discussion and trades, I just want to say up front that if you are a Dad, I sincerely hope that your day has been a good one.  It’s a tremendous opportunity and it comes with truly massive responsibility, so “Dad” is not a label to take lightly!  I hope you’ve been able to speak or spend time with your kids today and pour some love and encouragement on them, no matter what age – they need it from you!

Turning to the market, it may be summer vacation time but the bulls certainly have not left town.  We did see a mid-week pullback last week, but the bears still know who their daddy is for now. [Read more…]

Review of the Indexes 6-15-2014

By Filed Under: Index Charts

A much-needed pullback finally arrived last week, but it stayed mild and didn’t change the bulls’ position of power.  The trends are still up and levels were defended on the dip.  Just how long the rest lasts, we’ll have to see, but it’s a well-deserved pause after considerable strength.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week should begin.

NAZ – The NAZ has settled into a similar short-term base to the one we saw from late-May into the first few days of June.  Price is caught between a pair of levels at 4286 and 4344, and each day spent inside the range will be of benefit to digest the recent lift.

NAZ-6-15-2014

Why I Use TC2000

 

SP500 – The S&P put together three consecutive declines last week for the first time in over 2 months.  The early-June congestion area was tested and we saw a modest bounce Friday to stop the bleeding. There’s still lots of room for a decline in this index before it would do any technical damage, but it will head into Monday just 19 points off the all-time high.

SP500-6-15-2014

Why I Use TC2000

 

RUT – The RUT pulled back to test 1160 last week and held, thanks to an upside reversal in Friday’s session.  1179 is the next upside level to watch, followed by 1193, two prior bounce highs.  The best thing going for this index is the pair of higher lows it currently has in place which headline the technical improvement of the past few weeks.

RUT-6-15-2014

Why I Use TC2000

 

DJIA – The DJIA gave up a little ground last week en route to a pullback test of the 16735 breakout zone.  Price got slightly beneath it but reclaimed it by Friday’s closing bell, leaving it looking like a successful test has occurred.  We’ll see if it can hold, but so far, so good for the bulls.

DJIA-6-15-2014

Why I Use TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

Charts on Demand 6-12-2014

By Filed Under: Charts on Demand

Good evening StockBandits!

Welcome to this week’s Charts on Demand video! This week, I share my views on the member-submitted charts, as well as answer some pressing trading-related questions which were asked of me. Through this weekly feature, my aim is to provide you with some deeper education to improve your chart-reading skills as you stay objective and identify areas of support, resistance, momentum or apathy on the charts.

The questions I cover this week are:

  • Do you ever use ATR to calculate stop losses?
  • What are your favorite scans for stocks?
  • Is there a way to have a trailing stop go live after price reaches a particular level?

[Read more…]

Freeze Frame – Blueprint 6-10-2014

By Filed Under: Nightly Reports

Good evening StockBandits!

Today was a case of correcting by time rather than price as the major averages held their position to close for the second straight day in essentially the same spot.  A morning pullback offered yet another chance to buy a shallow dip, which [Read more…]

Consistent Pressure – Blueprint 6-9-2014

By Filed Under: Nightly Reports

Good evening StockBandits!

The indexes finished green across the board today, kicking off the new week where the last one left off.  The gains weren’t impressive, but the bulls kept the pressure on by winning yet another day.  The small caps led again, the blue chips made new all-time highs, and the NAZ was able to clear another hurdle to move within 1% of its March high. [Read more…]

Review of the Indexes 6-8-2014

By Filed Under: Index Charts

New all-time highs were painted last week for the S&P 500 as it closed within spitting distance of 1950.  Even the more speculative NAZ and RUT have confirmed higher lows, so the outlook has improved.  It’s been quite a run, but a rest at this point wouldn’t hurt the bulls.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week should begin.

NAZ – The NAZ added 1.8% last week to exit the short-term consolidation zone it had recently carved out.  Price saw a trio of strong closes which left this index back above 4286 and closing in on 4344.  Volume is still subdued, but price is trending higher and that should not be dismissed.

NAZ-06082014

Why I Use TC2000

 

SP500 – The S&P gained 1.3% last week as it continued to post strong closes in all 5 days – even Tuesday’s minor decline.  This index has been up 10 of 12 and 12 of the last 15 sessions.  Here again, volume has been quiet with only one exception but price now has ample breathing room for a pullback whenever one arrives.

SP500-06082014

Why I Use TC2000

 

RUT – The RUT recovered extremely well last week from its short-term pullback, pushing back through 1137 and then 1160 to end the week with a 2.7% gain.  That also confirmed a higher low, so this was a notable improvement in the small-caps.  Now we’ll see if the short-term momentum can continue or if instead we see some profit-taking kick in.  Once again, in the latter scenario it will boil down to whether another higher low can be formed on a dip.

RUT-06082014

Why I Use TC2000

 

DJIA – The DJIA finally quit flirting with 16735 last week with a solid 1.2% advance to a new all-time high.  Strong finishes continued in this index as well, so now the bulls will aim to maintain this breakout.  The prior multi-month trading range could still see a measured move completion, which extends to the 17100-17200 range.

DJIA-06082014

Why I Use TC2000

 

VIX – The VIX finished the week in the 10’s, which it hasn’t seen since February 2007.  This index has an all-time low of 8.60, set in December 2006, and on that occasion it got back north of 21 in less than 3 months.  The implication here is that fear is hitting a multi-year low, leaving options cheap with ample room for worry to change the picture.  Time will tell whether or not this occasion leads to a market pullback, but we’ve seen for quite some time now that volatility can remain low for an extended period of time, reminding us that a high VIX tends to offer more reliable signals than a low VIX.

VIX-06082014

Why I Use TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

Month in Review (May 2014)

By Filed Under: Stock Charts

It’s time once again to take a look back and review some trades from May now that the month is over.  Trade reviews help us identify some common themes among the plays which are working best, which helps keep our focus in the right kinds of stocks.

So today, here’s a look at some of the single-day plays from May which worked out well.  I like to trade on both the day and swing timeframe, so these single-day plays are in my view the cashflow trades which get me through the week – especially during this past month with the broad market so choppy and swings having been tougher to locate.

These single-day plays generally have daily charts looking ripe for a move, but are not high-quality swing setups.  By grabbing them for trades lasting from a few minutes to a few hours, there’s some good opportunity to capitalize on without incurring much risk at all.  In fact, on nearly all my single-day trades, I’m only risking 1% from my entry, which keeps losses small when they happen and allows for a nice multiple of that on the profit side when trades get going.

These kinds of trades are shared nightly with Bandit members, and I tend to turn to them when I don’t trust the chart or the market for a lasting move, or when the bases are too loose to justify a much wider swing stop.  Once in, I look to ride any existing momentum or follow through by way of the intraday chart.

Understand that although the charts below highlight winners, I do take plenty of losing trades.  Those of you who read my posts know the importance I place on losing properly, as losing trades are part of trading.  By sharing the charts below, my aim is to shine some light on the best kinds of plays working for me lately.

This is not a comprehensive list at all, as there were many more trades in the 1-3% range which added up nicely.  But this will give you a snapshot of the kinds of plays I take for the single-day timeframe.

May:

SUNE-may-2014

Why I Use TC2000

 

CRM-may-2014

 

WDAY-may-2014

 

THRM-may-2014

 

AFOP-may-2014

Why I Use TC2000

 

SSYS-may-2014

 

FSLR-may-2014

 

WUBA-may-2014

 

ALNY-may-2014

 

LNG-may-2014

Why I Use TC2000

 

In recent weeks, I’ve focused on lateral level breaks, as well as pivots from descending and ascending trend lines.

You may be wondering…is a membership worth it?  Well, it starts out with a free trial and then you get plays like those listed above.  Absolutely, it’s worth it.  But on top of that, I’m always available to help out members here.  If you want to tap into my experience and improve your approach, I’d love to work with you.

I dig out the best setups in the market each day, structure my trading plan for the following session, then share those trades with members via the nightly report.  They include swing trades and single-day trades like those above.  Not only am I explaining where I’m looking to trade them, but I also explain why I’m looking to trade them.  So if these are the kinds of plays you like to take, you now know where to find them.

Give it a try today.  Start making more from your trading!

Trade Like a Bandit!

Jeff White

Charts on Demand 6-5-2014

By Filed Under: Charts on Demand

Good evening StockBandits!

Welcome to this week’s Charts on Demand video where I share my thoughts on your charts! Through this weekly feature, my aim is to provide you with some deeper education to improve your chart-reading skills as you stay objective and identify areas of support, resistance, momentum or apathy on the charts. [Read more…]

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