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Chart shows a base of $15, and he was trying to trade between $15 and $18, and then there was a breakdown. Banks make a little bit more money when rates go up, and there was an outlook for that to happen, but it now may or may not happen. Thinks it will get a return to $15 on an oversold bounce, and he doesn’t like a big long base break down like this.
Chart shows a base of $15, and he was trying to trade between $15 and $18, and then there was a breakdown. Banks make a little bit more money when rates go up, and there was an outlook for that to happen, but it now may or may not happen. Thinks it will get a return to $15 on an oversold bounce, and he doesn’t like a big long base break down like this.
With leveraged ETF’s, you don’t trade them for the long-term. You buy them for a very specific trade because you are getting double the fun. You have to remember that these funds are reset every day. Oil itself is not basing and he doesn’t think it is time to buy it. If oil does bounce, he would only hold this for 2 or 3 days.
With leveraged ETF’s, you don’t trade them for the long-term. You buy them for a very specific trade because you are getting double the fun. You have to remember that these funds are reset every day. Oil itself is not basing and he doesn’t think it is time to buy it. If oil does bounce, he would only hold this for 2 or 3 days.
(A Top Pick Dec 18/15. Down 14.96%.) Was looking for it to get into the $40 area, but it failed and has broken down. It is oversold like a lot of stuff right now, and he is looking for an exit in the next little while.
(A Top Pick Dec 18/15. Down 14.96%.) Was looking for it to get into the $40 area, but it failed and has broken down. It is oversold like a lot of stuff right now, and he is looking for an exit in the next little while.
(A Top Pick Dec 18/15. Down 5.53%.) Still holding this in his income portfolio as the dividend is fantastic. However, Sold it out of his growth portfolio. On a long-term chart, the stock has come into a reasonable level.
(A Top Pick Dec 18/15. Down 5.53%.) Still holding this in his income portfolio as the dividend is fantastic. However, Sold it out of his growth portfolio. On a long-term chart, the stock has come into a reasonable level.
(A Top Pick Dec 18/15. Down 9.28%.) He has held this for about 18 months, which for him as a trader is a long time. Generally, the stock has been okay, but it is breaking down right now. Will probably be looking for an exit point pretty soon. Everything is so oversold right now that you don’t want to Sell into the madness. He is looking for a short-term rally in order to get out.
(A Top Pick Dec 18/15. Down 9.28%.) He has held this for about 18 months, which for him as a trader is a long time. Generally, the stock has been okay, but it is breaking down right now. Will probably be looking for an exit point pretty soon. Everything is so oversold right now that you don’t want to Sell into the madness. He is looking for a short-term rally in order to get out.
This chart is very, very typical of a lot of stocks right now. They are moving sideways and kind of trapped in “never never” land, like the market has been in the last 1.5 years. You want to watch this to make sure it does not break down. At this point it is fine. If it bounces off the current support level, where it is trading right now, it should be fine.
This chart is very, very typical of a lot of stocks right now. They are moving sideways and kind of trapped in “never never” land, like the market has been in the last 1.5 years. You want to watch this to make sure it does not break down. At this point it is fine. If it bounces off the current support level, where it is trading right now, it should be fine.
The chart shows a classic topping breakdown. It touched the rising trend line over and over again, and then topped. Broke down through the neck line at around $31, and then fell down. It tried a countertrend rally which didn’t work. The next support level should be at around $17-$18.
The chart shows a classic topping breakdown. It touched the rising trend line over and over again, and then topped. Broke down through the neck line at around $31, and then fell down. It tried a countertrend rally which didn’t work. The next support level should be at around $17-$18.
