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Video Review of the Indexes 1-27-2013

By Filed Under: Index Charts

Stocks continued higher last week with only 4 sessions to work with, and the bulls made use of every one of them in the S&P 500 with advances from start to finish.  Some of the indexes are beginning to look a bit stretched though, which isn’t something to ignore.

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 begins.

Hit the gear icon on the player to select HD and then go full-screen for best quality.

Run time is 7:42.

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Traders at Work: Mandatory Reading

By Filed Under: Trader Improvement

I just received in the mail my copy of Traders at Work:  How the World’s Most Successful Traders Make Their Living in the Markets.

And I’m very proud to be Chapter 10!

The number of trading books I’ve read over the years must exceed 200 by now, but among them my favorites have always been interview-style.  Jack Schwager’s Market Wizards series has been the most popular, and I’ve loved reading those books repeatedly over the years to gain (and be reminded of) insights from highly successful traders.

In Traders at Work, there are 16 chapters of interviews (including one with Market Wizard Linda Raschke).  Thanks to Tim Bourquin for the invitation to be a part of this.  It’s an absolute honor to be included in this book, and I know you’ll learn a lot from it.

In my interview in Chapter 10, you’ll learn about my early exposure to the markets, my progression as a trader, my strengths & weaknesses, what I’m working to improve right now, and much more.

There are many great traders included in this book and I’m excited to dive in and absorb what they have to say.  This is mandatory trader reading!

Pick up a copy today, it’ll be the best $13 you ever spent.  Mark it up with a highlighter, underline parts which stand out, take notes in the margin, and keep it handy because it’s full of great info you’ll want to read again.

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Swing Updates 1-24-2013

By Filed Under: Hit List

Good morning StockBandits!

I was reviewing my swing trades and wanted to give you guys a quick update as to their progress. There have been a number of them, and so far, so good. Over the past 11 days, several have reached their targets, others are showing open gains but haven’t met their thresholds yet for lightening up, and only a single position has been stopped out. Here they are:

Open Trades:
ADSK (listed 1/14, triggered 1/16)…. Shaping up and making some progress here, I liked the fact that on the pullback Tuesday it held above the uptrend line (my stop). Looking for continuation.

ADS long (listed 1/14, triggered 1/16)… Not moving much, earnings are 1/31 so I’ll be out before then.

PSX long (listed 1/14, triggered 1/15)… Great move, achieved both targets for 4.7% and 8.5% profits.

CLR long (listed 1/15, triggered 1/17)… Modest initial move but currently pulling back and narrowly holding above my stop.

SSYS long (listed 1/15, triggered 1/17)… Excellent pop, achieved both targets for 4.6% and 8.1% profits.

WCG short (listed 1/15, triggered 1/16)… Head fake breakdown, stopped out next day for 5.1% loss.

PWRD long (listed 1/16, triggered 1/18)… Price has stagnated, slightly underwater but still above stop.

WLT long (listed 1/16, triggered 1/22)… Nice initial move so far, time to run before earnings (2/20).

PXD long (listed 1/16, triggered 1/17)… Gapped above trigger, price has moved laterally since, earnings 2/13.

APC long (listed 1/21, triggered 1/22)… Nice initial move so far, heading higher. Earnings on 2/4, so still some time.

SOHU long (listed 1/22, triggered 1/23)… Leaving the base to the upside here, still looks good. Earnings on 2/4.

POT long (listed 1/22, triggered 1/23)… Nice initial move higher through the trend line with room to continue.

GGC long (listed 1/22, triggered 1/23)… Excellent turn up through trend line, approaching target 1.

RKUS long (listed 1/23, triggered 1/24)… Just now triggering, acting well so far.

QIHU long (listed 1/23, triggered 1/24)… Nice initial move through trend line resistance, room to continue higher.

Not yet triggered:
MGM long (listed 1/22)… Still a valid pattern, earnings on 2/22.

GME short (listed 1/23)… Still a valid pattern, earnings 3/18 so plenty of time.

Removed or patterns negated:
DLTR (listed 1/14), never triggered and price has left the trigger zone.

FSLR (listed 1/15), never triggered an entry and price has stagnated, seems to be basing but needs more work.

JOY (listed 1/21), never triggered an entry and fell out of its base Wednesday.

I’ll catch you later with this week’s Charts on Demand video.

Trade Like A Bandit!

Jeff

Choppy & Mixed – Blueprint 1-23-2013

By Filed Under: Nightly Reports

Good evening StockBandits!

The upbeat news from GOOG last night delivered the nudge the NAZ needed today to push it past 3144, but it sure didn’t catch fire.  The tech-heavy NAZ stayed within a very tight intraday range of just 12 points in today’s session, making for a very indecisive tape.  It stayed positive though, knowing that the biggest of the bunch (AAPL) was set to report tonight.  Meanwhile, the blue chips gained modest ground as small-caps slipped a small amount in a very uneventful session. [Read more…]

Weakness Defended – Blueprint 1-22-2013

By Filed Under: Nightly Reports

Good evening StockBandits!

Following the 3-day weekend, stocks opened the holiday-shortened week somewhat flat in search of direction.  During the opening hour, they came under some pressure with each of the indexes moving into the red with some selling prompting a retreat from the morning highs.  It didn’t last long though, and by noon the indexes had recovered.  That bounce found follow through to see new session highs being made in the afternoon. [Read more…]

Now on TC2000 Third-Party Research

By Filed Under: Trader Improvement

Those of you who are TC2000 users will love this, as I’m now one of their Third-Party Research contributors.  This is a tremendous honor to me, as there are only 4 of us and one of the others is none other than Peter Worden.

I had the wonderful opportunity to participate in a number of their TC2000 Conferences during 2011 and 2012 in various parts of the country, and it was a lot of fun to meet other users of this phenomenal software.  I’ve used it since 1999 for all my daily charting, scans, and watchlists, and don’t intend to stop anytime soon – they just keep making it better!

Back to the Third-Party Research, this is just a way for me to share with TC users my charts and notes throughout the week.  I’m sharing insights, notable charts, and some market views, so check it out!  It’s free for TC users, and here’s how to access it.

First, click Notes & News and go down to Search TC2000 Users:

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Once you click Search TC2000 Users, type in TheStockBandit in the search box:

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Beside the listed notes in the upper right portion of the next window is a Follow link.  Click that, and then you’ll be able to see my charts and notes in your ‘following’ stream.

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Hope to see you on TC2000 soon!

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Video Review of the Indexes 1-21-2013

By Filed Under: Index Charts

The S&P 500 joined the RUT by making new 52-week highs last week, but the NAZ and DJIA remain shy of theirs.  The big question on the minds of traders is whether the tech-heavy index will weigh on the others or instead start to play catch-up.

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 begins.

Hit the gear icon on the player to select HD and then go full-screen for best quality.

Run time is 6:03.

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Bulls Need Follow Through – Blueprint 1-21-2013

By Filed Under: Nightly Reports

Good evening StockBandits!

The market was able to post another advance last week as blue chips broke out to a new multi-year high in the S&P 500 and small-caps continued to reach new all-time highs.  The DJIA worked its way right up to the 52-week high, giving it a shot to achieve a breakout this week, while the NAZ made only modest progress to lag each of the other averages. [Read more…]

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