Charts below update daily with the most recent market prices.
When introducing new terminology I will try and link the word to an Investopedia article about the term.
All posts are just my thoughts and not investment recommendations. Trading isn't easy, do so at your own risk.
VIEW LAST WEEK'S TRADE IDEAS HERE
UPDATES WEDNESDAY - 10/26/2016:
Man this week has been rough. Not a whole lot moving... and the few that move I have missed out on. Looks like none of the ideas from this week had any follow through. ZAIS looked okay, popped to 2.50 for a few minutes but then tanked to lows.
I apologize for lack of updates this week. I have had a lot going on outside of this. Starting now, I will be changing the format quite a bit to make each stock easier to follow. I will now be posting swing trade ideas on a rolling basis. One post with all of my current working ideas that I will continue to update. That way you don't have to go back through my posts to see if I am still following a certain trade, it will all be on one post for you to keep up with. Also, starting now, I will only post the chart and some commentary or thoughts about it. Not exact trade plans like I have, that is too much pressure. Even though the updates will be less frequent, I'd still like to be keeping up with questions even more.
The market is in super indecisive chop mode as of late. It is either going to dump and continue to dump, or pop back up and business as usual until maybe 2017. Right now we are in market limbo... so it is pretty hard to determine if a trade is going to work as planned. I personally had an ugly week last week... so let's hope we can turn that around this week! Trade ideas below. As always, trade safe.
Stock price when posted: $40.70
Like this as long as it holds above $40.
Trade plan:
+ Buy between $40-41, stop a little below $40.
- Think this can push to $44+ as long as it can hold $40
Stock price when posted: $4.48
Depending on how IBB and the rest of the sector does, I think this has decent rebound continuation potential. I like this if it can break and hold over $4.50, and only then.
Trade plan:
+ Buy break and hold over 4.50 as close to 4.50 as possible, stop a little under 4.50
- Looking for $6.50... probably wouldn't hold it that long.. just sell on the way up.
Stock price when posted: $1.35
Oil has to hold up for this play to work. If it can break 1.40+ I'd be looking to sell 1.80-2
Trade plan:
+ Buy 1.40 break and hold, risk 1.35ish
- Sell on way up to 1.80-2
Stock price when posted: $1.08
Same idea as GST above. If oil keeps moving up, this can run big.
Trade plan:
+ Buy on a break and hold over 1.10, risk 1.05ish
- I'd be selling on the way up to 1.50+
Price when posted: $2.11
If this can pop over that 50 day SMA it can see 2.50-3 pretty quickly.
Trade plan:
+ Buy around where it is at, stop loss around $2
- Sell most at 2.50, hold some up to 3
Yo man I like reading your weekly ideas!
ReplyDeleteThanks for the support!
DeleteHey man, love your site. Whatever happened with ONCS from last week. Did you drop it? I took a few at 1.80 seems to be moving pretty slowly...
ReplyDeleteI don't know what Wolf is thinking but I personally still like ONCS as long as it holds 1.76. Do be careful with the election coming up though.
DeleteStill within the trade plan. Okay longer term idea. Just be careful when they have press releases and results, etc.
DeleteSo it did dip down to 1.75 which was your initial stop, that being said holy crap I wish I would have help on! Crazy action today.
Deletegot out of dgly but this morning dude did you see your prediction kicking in. - becca
ReplyDeletewish I held onto my pants and seat until this monday Fudge. -becca
DeleteYup, still holding. I like this as a bigger picture play. I'm learning to be more patient on some things!
DeleteSAEX kicking in big after hours!
ReplyDeleteAwesome wasn't it! Hope you sold while it was up huge
DeleteYea sold at 10.10 for a 2.40 profit per share. Also NEON on the rise today! these two alone have made it a positive week
DeleteLol i like how he skips updates on down days
ReplyDeletehaha yeah but still love reading his blog though. ;)
DeleteCalled out! Actually, I have been allocating too much of my time to this vs. my personal life and actual work, so I have not been able to do as many updates. I am thinking I will have a weekly update and infrequent updates in between to keep my sanity.
DeleteVery convenient and simple diagram. I liked its features, I will be glad if you share a link to download. I recently used a new presentation feature, if you need you can use diagram powerpoint. They are practical and convenient to work with them.
ReplyDeleteIt's advisable to be in touch with an expert stock marketing consultant. By doing this, you can minimize the risk of money loss and get maximum return on your investment.
ReplyDeletepenny stocks