I’m in a hurry today, so this post will be short. As usual, I picked the top stock mentioned on stocktwits.com so that you know I’m not cherrypicking.
Today, it was UltraShort Financials ProShares (NYSE: SKF), and it basically told you to get long in the morning and stepped aside. Not a [...]
I personally love to daytrade the e-minis, and we show off e-mini daytrading in the eotpro.com live room every day. That’s why I have been trying to focus on stocks here at the blog lately: to make sure people understand that our indicators work great on them, too!
As most of you know, I [...]
In the comments, Todd requested that I feature Energy Conversion Devices, Inc. (Nasdaq: ENER). So, here we go….
Two trades, for two wins. The move at the open was rejected due to volume pressure to the upside… looks like there was some buying pressure on the way down, either bottom pickers or short covering. [...]
Cool… I didn’t realize so many ETFs had moved from AMEX to NYSE. Anyway…. reader Todd requested QLD in the comments. Honestly, I prefer stocks to ETFs because the volume flow is less confusing to track, but here we go:
The simple stock system selects 6 entries, of which 4 were clear winners. [...]
Today’s top-discussed stock on stocktwits was Goldman Sachs Corp. (NYSE: GS), so I pulled up my simple stock system on the chart. You can see from the dots in the first subgraph that there were four trades selected mechanically. All four were winners, with maybe the third one so scary that you’d want [...]
As usual, I went with whatever the top stock on stocktwits happened to be. Today, it was UltraShort FTSE/Xinhua China 25 Proshares (NYSE: FXP). I’d rather have real companies rather than all these ETFs, but whatever… you deal with what you’re given.
I mark four trades on this chart, and my mechanical entry finder [...]
Today the top stock on StockTwits was Google Inc. (Nasdaq: GOOG). The simple system produced 2 trades, both long. The first would be a small loss, and the second ran like crazy. I don’t have time at the moment to go over all the rules, but basically I am showing how [...]
As usual, I looked up the top stock on stocktwits. I can’t say I was surprised that General Motors Corporation (NYSE: GM) showed up as most-discussed. As often happens, GM was doing a lot more volume than its average, so I got more volume bars than I would generally want. Still, [...]
Reader John gave me a tough one today to feature: Goldman Sachs Group Inc. (NYSE: GS). The action was pretty sideways/countertrend all day, except for the morning drop down. The mechanical entries I’ve been using to show off the system performed pretty well. I’ll talk about two ways I’d trade differently [...]
As usual when there are no suggestions from readers, I picked the top stock mentioned today on stocktwits. Today, it was Las Vegas Sands Corp. (NYSE: LVS). As most of you know, I calibrate the volume bars to the 30-day average volume. Since volume on LVS was so much higher than [...]