Posted by: Janitor | January 11, 2017

Oil update for Jan 12

I posted this graph on Jan 9 & possible rebound on Jan 10. It didn’t happen yesterday but we have a strong rebound today.

Here is the daily chart of XOIL:

xoil

Even though I thought it would rebound as previously, it  has gone as 2nd day as in 2nd arrow from left.  It is a bullish engulfing candle pattern today.  Again, technically we should have another up day.

The problem is many of the US Oil & Gas stocks rebounded with oil uptick but the Canadian ones didn’t. I wanted to but I kept discipline in not chases CPG or ERF on the way down today.  It was about 10 -20 cents different from yesterday.  I like to see a bounce to sell some on the way up in the next 2 days.

Let’s think positive.

Happy Trading

Posted by: Janitor | November 28, 2016

What about Gold

It did go up & some stuff was sold like clockwork – I am talking about $50 in one account and about $150 another.  Simple – no muzz, no fuzz kind of trades. Here is the skinny on that:

gdxj

First my call option that was purchased @ 2.90, sold at 3.30. So normally you would calculate the difference by $100.  Sorry, can’t say how many contracts.  It is a cheap way of getting in & out of the market.  Even though I buy contracts with 3 months expiry, I sell them pretty quick as I have been burned so many times trying to be Greedy!!! That emotion again.

Now the other stock I like the volatility is NUGT. So bought a bunch around $7.00 and much of that sold for $8.50.  Tight-tight trading range but a profit is a profit. People say – how can you survive on this.  Not looking for home runs remember, every single hit brings you to a home run.

io

I said I was going to pick up this – check my previous blog, a few days ago. It was @ 0.3. Losing money now and hoping the upward trend maintains. Like to get out on this gold rally.

Happy Trading

Posted by: Janitor | April 21, 2017

List of stocks again

Capture

Hopefully you can see this better.

Happy Trading

Posted by: Janitor | April 21, 2017

Stocks I follow

Capture

The list of the some of the stocks that I have blogged and some in the works.  You can follow and use all the technical analysis I have been talking about for your trades such as:

  • Moving averages – 10, 20, 50, 100 based on the time horizon – day trading or swing trades. Use the cross-overs for buys or sells
  • Volume – positive & negative volumes, increasing or decreasing
  • Stochastics – my number 1 go to for overbought or oversold
  • MACD & MACD Histograms that follow Stochastics
  • VS – volatility squeeze.  Bollinger Bands squeeze or come together and take off or go down.

If you are not familiar with terms – go to Chart School in http://www.stockcharts.com.  You can also pick stocks from the scanned and there are several.

Next Tuesday – I will be going on vacation for a couple of months.  Sooooooooo, blogging is going to few and far in between until July.  Use the above list and make some profit!!!

Have a good summer!

Happy Trading

Posted by: Janitor | April 20, 2017

USO – range bound

First the weekly chart to explain:

uso

I drew the 2 lines to illustrate how oil is going for the last few months.  There is no conviction to go either direction.  Wish it can make up its mind so we can decide.

Personally, I will be buying this ETF around 9.50.   Check the daily chart to set your buys and stop loss.  Then set your target to sell after purchase.

If you don’t intend to buy the ETF, the oil stocks could be on sale.  For that you have 2 ETFs to confirm – XLE and XOP.

Happy Trading

 

Posted by: Janitor | April 18, 2017

Some stock picks

I thought I will post a few picks that I have been following or interested.  Some I would buy or not.   However, you are adults and you can make your own decisions which ones you like and take a shot.

Again – reminders:

  • These are speculative and high risk and that is why they are cheap. However, you can make good money on this.
  • Make sure – you have a no “go-down” point, i.e. not to take losses.  Sometimes you can’t put a stop loss of less than $1.  Man, I can tell you the shirts I have lost.  Some did come back and paid some dividends.  I consider more luck.
  • Do take some profits, i.e. sell half or only buy half.  Whatever, your established & WRITTEN strategy.  Unless you write it down – it is not a strategy!!!

Anyway, here goes:

mly

Posted this before. I like the pennant forming with a pullback.  I tried to circle to show the volumes have been low in the pullback.  Good sign of profit taking only. The stochastics are crossing over but it is too close to the overbought line is a concern.

sev

I drew the lines to guide you.  It took off and pulled back and took off again and pulled back.  As it does this on the weekly chart – watch the volume.  When it goes up – large volume and then tapers down.  Will this happen again – that is the question, isn’t it.  By the way, I did buy this stock and sold it for a profit.  Don’t own it now. (full disclosure)

kcc

This had potential with Trump’s infrastructure play.  Most of the metals and commodity market fizzled because of Trump’s stupidity.  Now he just lies and lies!!!!!!!!!!

I would watch the JJC – the copper ETF.  If that goes up, I will pull the trigger on this.  It could come down more and I am watching the stochastics as it moves down and cross-over.

edt

This is weekly chart of another stock I posted before.  Watch the dynamics of this stock or most stocks when they come down – like an elevator but creep back up in steps.  Will this stock hit 1.00 before it’s demise. It has been creeping up since I last posted this.  You may get a pullback as I was hoping but didn’t.

1000 shares is $550.  If you stop is around $40 – than it is a loss of $150.  If it goes to a $1.00, profit is $450 or higher.  Choose.

Sometimes we are so scared of losing money, we do nothing.  You can only paper trade so much.  However, if a purchase fails and you cry in your beer, understand why it failed and why you are crying in your beer.  Have to learn the lesson of failure.  Trust me I have many, indeed several but I keep at it.  But I do confess, I should log my trades better.  If I had done it, I would be making more money rather than win some, lose some.  By logging I would be win some. lose a little.

I put together a quick spreadsheet to understand myself – why I picked a stock and purchased it.  Then – was it profitable or a loss and why?  Very simple to keep learning.

OK – I put some effort and time each blog to help.  I hope you just skim through and not do anything.  Even if you focus on these stocks as a learning exercise by allocating some funds and learn and set a plan and execute and examine how you did.  If all fails, get some books, look at some Youtubes or attend a class on trading. Many banks have free lessons.

Happy Trading

Posted by: Janitor | April 18, 2017

NVO.V – like to pick up some

nvo

Technically this stock looks interesting.  It is going through a VS or volatility squeeze.  However, like to pick up this @ 0.72.  I am not sure if I will get it but will give this a shot.

The stochastics crossed over and if the MACD crosses, this could go higher.

Bid is in.

Happy Trading

Posted by: Janitor | April 18, 2017

MAX.TO – what to do

max

I want to buy this stock but at my price!  I know I am being stubborn and waiting and waiting to come down.  So I have a line to alert me, i.e around 0.74.  Gold is weak today, esp. the miners.  So I like to buy at my terms and staying put.  If I don’t get it – so, I will wait for another opportunity.

Too many times I have chased a stock and paid the price.  The market is uncertain on anything. Unless, I am happy with a certain price – I am keeping the cash.

For example, I want to buy more BNS.TO.  I have been accumulating on the Financials being down.  However, I am only willing to pay @ 76.5 or less.

Sometimes we are too anxious to get a stock and pay a higher price than we should.

Happy Trading

Posted by: Janitor | April 17, 2017

T2018 for April 17

Here is the weekly chart:

t2108

Many of you have seen this chart before, and several times for sure.  As we see for 2 weeks the markets has been coming down.  Finally, Big Money goes, okay I made my money shorting and now I think we should get the market up.

Drump is staring down Kim Jong-Un and it is not going anywhere.  So he sends his ghost – Mike Pence to stare him down.  Now, he is tweeting he would get his Currency Manipulator to handle it.  Drump is not only a moron but an idiot too.  The markets simply used him as an excuse to get the markets up and now to bring the markets down.  Then, they had enough and up comes the markets again.

This could easily change with the French election.  You remember market tumbled with Brexit and now it could Frexit(???).

Anyway, in the T2108, I mentioned the circles are market are overbought and have to come down, and not it is going back up.  However, I haven’t seen a big drop and we are in the danger zone for one.  Watch for Frexit!!!!  Or crazy kid with a weird hairdo in North Korea or the Pussy Grabber firing a missile could start a war.  Then, all bets are off!

Happy Trading

Posted by: Janitor | April 17, 2017

LIX.V – update

Here is the chart first:

lix

I told you so!!!!!!

If you do a search – I have blogged this many times, including recently.  Those who bought around 1.50 – 1.60 – congrats!

If you look at the stochastics when it crossed over, it is around 1.50.  Then, the MACD is about to cross-over and if it does – voila! this could go even higher.  The target is around 2.25.  IF it breaks through it is going higher but also it could be an exit strategy.  Choose wisely.

Happy Trading

Posted by: Janitor | April 17, 2017

CZN & OXC – will go up with the markets?

Is this the turnaround after North Korean issues subside.

Here is the daily chart of CZN:

cnz

I think posted this before.  The support is the 50 ma and it had pulled back and is it ready to go to say………..$1.00.  The indicators of Stochastics and MACD are saying this will go up.

Unfortunately, I can’t buy this because I own OXC.  I bought this @ 0.40 and it is starting to move after going down.  Here is the chart:

oxc

The technical analysis are similar to CZN.  Both are speculative and cheap.  The downsize is low because you sell if it drops below and I don’t see a low.  The upside has potential.

Happy Trading

Posted by: Janitor | April 12, 2017

Gold & geo-political tension

Gold continues to go up because of Trump.  Guy is such an idiot!!! Any American who voted for him and feel insulted by this comment, better check your facts.

gld

Here is the weekly chart of the GLD.  With bombing of Syria which was done for political reasons – like diverting attention on Russian investigation and low poll numbers.  Guess what – Republican approval jumped up on the bombing, political pundits are saying he is more presidential and finally pivoting, even started talking he is not Putin’s puppet……..all bullshit!!!

On Fox he talked about the most beautiful chocolate cake he had with Xi Jinping during dessert and told him he just approved 59 cruise missiles on Syria.  What  a C&#$%!

Then, he sends a “flotilla” to Japan sea towards North Korea.  Markets are nervous and gold has been going up. I have said – own some gold…………..you never know.

Any miscalculation you can see gold and also oil shooting up.  For many of us who own both these sectors, it is a conundrum isn’t it.

The 50 ma crossed over the 200 ma –  so keep an eye.  Now here is MAX.TO which I was going to post today and forgot:

max

I believe I posted this before.  Highly speculative but with gold going up, might take this along.  The above is also a weekly chart.

If you notice – everything I blogged on Monday is coming true.  So keep your powder dry. Any geopolitical issue will sink this market. Always, keep some VXX for insurance.

Happy Trading

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