Today I’m featuring Potash Corp. of Saskatchewan, Inc. (NYSE: POT), which was the #2 most-discussed stock on stocktwits. As you might guess, #1 was SKF, and I just refuse to feature SKF again so soon. They’re just going to have to make more varied selections.
Three long entries, all of which look pretty good. The second one pulled back on you, and I wouldn’t be ashamed to cut that trade off after a while. No matter what, it was a decent set of picks.
On Daily Charts, Too!
By the way… the every push entry signal has been adjusted so that it works on daily charts now, too. Here are the last few months of POT:
Some nice short entries, no? This is my first try at adapting it. As I look at more daily charts, I may make some adjustments. I firmly believe that in the markets, a chart is a chart, though, so I don’t see why everypush entries can’t work well for swing trading, too.
When using your everypush for swing trading could an entry or exit signal come up at anytime during a trading session or would it always be at the close? Thanks, Denny
Denny, you could in theory set it up to calculate tick-by-tick during the day. I can’t think of any reason off-hand why that wouldn’t work (other than the standard disclaimer that whenever you run an indicator tick-by-tick you might get a mid-bar signal that becomes invalid by the end of the bar). But I generally run my indicators end-of-bar. In fact, to get mid-day signals I’d rather see someone run it on 60-minute or 120-minute bars.