Bull Market Is Over?

     The stock pulled back a little bit today and yesterday after a stream of nice moves in the past 6 weeks. The question is, is this a breakpoint? Although statistics tells us that we should sell in May and run away, we should really look at if the market stays below the recent trendline. It's that simple.
     As you can see, today the market broke below the 9-d moving ave and the recent trend line. However, the bulls overturned the bears after the gap down in the morning. This means that there are still people who believe the trend is going to continue. If the market goes back above the trend line, then the recent pullback is all for nothing.
     If the market stays below the moving ave, then it might indicates the bull trend is over.

When is the time to close out a position?

     Many traders always complain about why they can not be profitable consistantly. I found out that many of them have great trading ideas and the only thing they are missing is the skill to close a position.

     The profitability of any trade is depending on how you take the profit or how you take the loss. Therefore, the art of closing becomes crucial. Here are some of my rules to close a position.

     Once I am in a position, I will closely watch the stock and close the position instantly if one of the following criterias are met:

1. Cycle is finished

2. Target is reached

3. Stop is triggered

   

Profitable Trade Alert 05032013

Hello all,
Trade this stock for a potential 20% profit. JASO had a nice move for the past couple of weeks and has since been flagging before it finally broke out for a potential up move. Watch the major resistance at $6,the stock has a good setup for a 20% move.

About the author I have been a professtional high frequency trader for the past two years and have developed trading models that is consistantly profitable over the years. Recently, I have been trying to reconcile the idea of high frequency trading to regular investing in order to help people to face the high volatlity in the stock market we are having today.

morning market digest

Key Indicators For Today: Chicago PMI 9:45 AM ET Consumer Sentiment 9:55 AM ET Ben Bernanke Speaks 10:00 AM ET Factory Orders 10:00 AM ET Farm Prices 3:00 PM ET

Morning Market Digest 08/29

Better than estimated GDP boosted the stock in the morning, we will see if the stock rally in the past two months can continue in September after Labor Day.

Key Indicators For Today:

MBA Purchase Applications

7:00 AM ET

GDP

8:30 AM ET

Corporate Profits

8:30 AM ET

Pending Home Sales Index

10:00 AM ET

EIA Petroleum Status Report

10:30 AM ET

5-Yr Note Auction

1:00 PM ET

Beige Book

2:00 PM ET

Morning Market Digest 08/28

Key Indicators For Today:

ICSC-Goldman Store Sales

7:45 AM ET

Redbook

8:55 AM ET

S&P Case-Shiller HPI

9:00 AM ET

Consumer Confidence

10:00 AM ET

Richmond Fed Manufacturing Index

10:00 AM ET

State Street Investor Confidence Index

10:00 AM ET

4-Week Bill Auction

11:30 AM ET

2-Yr Note Auction

1:00 PM ET

Morning Market Digest 08/27

Key Indicator

Dallas Fed Mfg Survey

10:30 AM ET

4-Week Bill Announcement

11:00 AM ET

3-Month Bill Auction

11:30 AM ET

6-Month Bill Auction

11:30 AM ET

Sandra Pianalto Speaks

12:15 PM ET

Charles Evans Speaks

6:15 PM ET