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Video Review of the Indexes 12-9-2012

By Filed Under: Index Charts

The market paused last week, delivering mixed results depending upon which index you’re looking at.  In general though, not much happened.  But is that a good thing?

I’ll address that and more in the video.  As we head into a brand 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 is what will impact how individual names move, so it’s where every new trading week begins.

Run time is 6:19.

Trade Like a Bandit!

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

$YHOO Measured Move Met

By Filed Under: Stock Charts

Back on October 23rd, I covered $YHOO in a video discussing it as a breakout candidate from a $2.40-wide trading range.  Here’s the video which explained it all in 3 mins:

The stock closed above that $16.80 area just 4 days later, and never looked back.  Since then, it’s been on a multi-week run and now it has completely met the measured move originally highlighted in the video, taking it right to $19.20.

Why I Use TC2000

So, now what?

Well, I’ll tell you this:  I wouldn’t fade it.  This stock is running with momentum.  Whether it’s the breakout, elevated expectations after a decent quarter with new Chief Marissa Mayer at the helm (she’s my age!), or hopes for a special dividend ahead of year-end, I just don’t know.  Nor do I care.  The fundamental story isn’t what matters – it’s the price action, and right now it’s bullish.

But at the same time, I wouldn’t establish a new position here.  In fact, I own a position in a long-term account and sold some calls against it this week based on this measured move coming to fruition.  If it gets called away from me, it’s been a great ride and it frees up cash.  If the stock pauses or pulls back, I collect premium while it churns.

However, an entry here begs the question of where to exit, and currently that’s not very clear after a straight-up move.  Once we see some give-and-take and establish some near-term levels, the picture should become more clear.

Hopefully you participated in the move as well.

Trade Like a Bandit!

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

Live in NC Next Week

By Filed Under: Trader Improvement

I’m heading to Raleigh/Durham this coming weekend, so if you’re in the area come on out either Friday December 14th or Saturday December 15th (or both, as I’m covering different material each day).  I’ll be presenting at the Worden Conference (as will Peter Worden).

The workshop will be held at the Embassy Suites Raleigh-Durham (201 Harrison Oaks Blvd, Cary, NC 27513). Times are 10am to 4pm each day, I hope you can attend.

The topics I’m covering are Simplified Technical Analysis and Trading YOUR Way Better. I’m also going to share with you the best setups on my radar right now, giving you some actionable ideas, and I plan to spend time going through your watch lists to discover some new ideas together.

It’ll be time well-spent for you, you’ll learn a ton, and you’ll of course get to see all the new features in TC2000. I’m looking forward to sharing some insights with you for better trading and investing. There’s no cost to attend, and you can either pre-register or simply arrive before the conference – but get there early, it’ll be a full house!

Trade Like a Bandit!

Jeff White
Subscribe to our Stock Pick Service to get our trades.

Your Timeframe is Everything

By Filed Under: Trader Improvement

Trading is all about timing, wouldn’t you agree?

And yet far too often, traders don’t consider their timeframe when evaluating the price action on a chart.

So with that in mind, let’s take a look at a stock which could be bullish or bearish, depending of course on your timeframe.  It’s extremely important!

Run time is 4:46.

Trade Like a Bandit!

Jeff White
Subscribe to our Stock Pick Service to get our trades.

Video Review of the Indexes 12-2-2012

By Filed Under: Index Charts

The rally from the November lows continued last week with new recovery highs being set in every major index.  Friday delivered some downside, but even then the selling was muted as buyers stepped in mid-day to provide support with bids just as they did earlier in the week.

Bears have seen their confidence erode and have been quick to cover on even minor weakness of late, yet they’re still pointing to the string of lower highs in place on the daily charts since September.  Meanwhile, bulls are suddenly strutting in hopes of a higher low being carved out on the next dip.  Someone’s set for disappointment.

As we head into a brand 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 is what will impact how individual names move, so it’s where every new trading week begins.

Run time is 6:40.

Direct video link is here.

Trade Like a Bandit!

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

DVD Special

By Filed Under: Trader Improvement

Just in time for the holidays, we’re running a special on our seminar DVD’s for half price.

If you’ve missed me live this year in TX, NY, GA, CO, PA, NV or you won’t be in NC in two weeks (details will be coming on that shortly), this is your chance to catch up.  These videos were recorded in Denver during a live seminar with a couple hundred traders in the room.

Here are details and links for each.  By the way, shipping is free (AMZN would be proud!).

Formulating Your Trading Plan DVD
– How to adapt to changing markets
– Integrate your personality in your trading approach
– The numbers game of success in trading
+ Watch me read charts on the fly and sharpen your technical skills

Locating Trades & Evaluating Risk DVD
– Narrow down a watchlist into actionable ideas
– Decide if a move is imminent
– Become more decisive and limit losses
+ Watch me read charts on the fly and sharpen your technical skills

2-DVD Bundle
– Both of the dvd’s listed above for a combined discounted price
2-DVD Bundle 2-DVD Bundle2-DVD Bundle

 

 

Ahead of the bowl games, these are worth watching as you start to prep for 2013.

Trade Like a Bandit!

Jeff White
Subscribe to our Stock Pick Service to get our trades.

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