Here are a few more setups. Trading has been tough in breakout setups lately, so stops are essential.
May 11, 2021
by Patrick
Comments Off on Daily setups
Category Archives: Uncategorized
May 5, 2021
by Patrick
Comments Off on Stock setups
Stock setups
Break outs seldom working right now so here are some setups that include a couple support bounce plays:
May 4, 2021
by Patrick
Comments Off on Stock setups daily
Stock setups daily
The rotation out of FANG and into cyclicals is alive and well. Here are 3 setups on cyclical stocks attempting to break out today: break out pattern in white, buy points in green, and stops in red.
March 31, 2021
by Patrick
Comments Off on Pension Obligation Analysis
Pension Obligation Analysis
Information pertaining to a company’s pension obligation can be found in three of the financial statements: the income statement, other comprehensive income, and the balance sheet. The notes and disclosures to the financial statements also contains a lot of useful … Continue reading
January 29, 2021
by Patrick
Comments Off on A Red and a Black Horse
A Red and a Black Horse
In July ,1862, Saint Don Bosco of Italy recorded a dream he had: a vision of the red horse of the apocalypse. From this dream, he believed God was warning him about the first wave of evil to fall upon … Continue reading
November 12, 2020
by Patrick
Comments Off on How to follow a trade plan
How to follow a trade plan
All profitable traders have the ability to stick to a well crafted trade plan. A good trade plan starts with a good stock watchlist. What is the best stock screening software for making a watchlist? I like Ycharts but there … Continue reading
September 22, 2020
by Patrick
Comments Off on QE, Societal Breakdown, and Failed Leadership: Cause and Effect
QE, Societal Breakdown, and Failed Leadership: Cause and Effect
Listen to any market commentator that is critical of the Federal Reserve, and you will, in time, become aware of the commentator’s belief that all of society’s problems- inequality, rioting in the streets, political discord, etc. are all problems stemming … Continue reading
September 17, 2020
by Patrick
Comments Off on The Bull Case for $TSLA: it’s all one big trade!
The Bull Case for $TSLA: it’s all one big trade!
$TSLA, gold, bitcoin, and FANG etc. are all part of one big trade: market participants desire to express the unsustainable Petro$. Distress in oil price and energy stocks is evidence not of oversupplied market- Rather, the distress in energy space … Continue reading
September 15, 2020
by Patrick
Comments Off on Fundamental focus
Fundamental focus
Compare and contrasting two company’s earnings to assess probability of superiority: $PRLB has been beating estimates by a large margin for the past 3 or 4 quarters, while $AHCO has been missing estimates. However, $PRLB has not gotten above it’s … Continue reading
August 23, 2020
by Patrick
Comments Off on Gold’s thrashing
Gold’s thrashing
Gold had two things aligned against in the past two weeks: 1. Munchin pushing for $1T when house Dems were pushing for $2T. 2. Joe Biden’s chief economic advisor in 2014 said “kill king Dollar” in an NYT op-ed. Maybe … Continue reading