All Entries in the "Technical Analysis" Category
Week 17 Trades Review (Video)
April 30, 2012 at 8:20 am
Week 17 is behind us, but I wanted to offer a video recap of the trades I took. There were several other trades I had planned to take, but due to gaps my trigger prices were negated. Nonetheless, it was a solid week.
This should give you a feel for not only how I managed my trades, but also the kinds of setups which have been working well of late. For those curious about our trading style in the member area, this should give you a good indication of what a typical week looks like. Check out the trial if you’re interested in adding our ideas to your own.
(Direct video link is here for those interested in embedding it elsewhere to share).
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
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Key Index Levels for the Week Ahead 4-29-2012
April 29, 2012 at 3:42 pm
Last week the indexes headed higher after an initial breakdown, trapping many bears in the process. That move included an island gap reversal for the NAZ, something we don’t see very often.
The indexes have rallied back up through some important short-term levels, but still face some overhead in the days ahead before the bulls can expect smooth sailing again.
In preparation for the trading week ahead, let’s examine some important levels to keep an eye on for the indexes. That will have the greatest influence on how individual stocks are going to move, so it’s part of our weekend process. Put these levels on your charts or tape them to your screen, as they may be respected in the days ahead.
Overall, trading ranges still exist for the intermediate-term timeframe. For that reason, selectivity remains the key for new plays, which I’ve been noting within the member area.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
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Follow @TheStockBandit
Video Review of the Indexes 4-22-2012
April 22, 2012 at 9:08 am
Last week the indexes finished mixed with the NAZ ending in the red (largely thanks to AAPL) while the others gained some ground. All in all, it was another range-bound week with momentum fleeting as traders instead fixated on individual stocks following earnings reports.
In preparation for the trading week ahead, let’s examine some important levels to keep an eye on for the indexes. That will have the greatest influence on how individual stocks are going to move, so it’s part of our weekend process.
Selectivity remains the key for new plays, which I’ve been noting within the member area.
(Direct video link is here for those interested in embedding it elsewhere to share).
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Get our free newsletter to keep up!
Follow @TheStockBandit
Week 16 Trades Review (Video)
April 20, 2012 at 10:05 pm
Week 16 is in the books, and truth be told, I would have been better served to have sat on my hands!
I wanted to offer a video recap of the trades I took. As you’ll see, I was stopped out several times on head-fake types of entries with stocks showing extremely limited follow through in either direction.
On weeks like this, it’s nice to be limiting risk. Each of us will encounter stretches where failed trades happen more often, and this was that week for me. I found a few winners, but the key for me was limiting my losses in order to maintain my objectivity and minimize the damage. This is where setting ego aside can truly save you in your trading, as backing away with smaller size on messy weeks will leave you digging shallower holes by digging with a smaller shovel!
This show-and-tell look at the trades I took this week should give you a feel for not only how I managed my trades, but also the kinds of setups which have been working well of late. And for those curious about our trading style in the member area, this should give you a good indication of what a typical week looks like. Check out the trial if you’re interested in adding our ideas to your own.
(Direct video link is here for those interested in embedding it elsewhere to share).
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Get our free newsletter to keep up!
Follow @TheStockBandit
Video Review of the Indexes 4-15-2012
April 15, 2012 at 9:00 am
Last week the indexes shed a couple percent (give or take). Despite the early dip getting bought, the week ended on a sour note as higher prices were again used for raising cash.
In preparation for the trading week ahead, let’s examine some important levels to keep an eye on for the indexes. That will have the greatest influence on how individual stocks are going to move, so it’s part of our weekend process.
Selectivity remains the key for new plays, which I’ve been noting within the member area.
(Direct video link is here for those interested in embedding it elsewhere to share).
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Get our free newsletter to keep up!
Follow @TheStockBandit
Week 15 Trades Review (Video)
April 14, 2012 at 10:06 pm
Week 15 is in the books, and while it was far from impressive for the overall market, our trades fared well.
I wanted to offer a video recap of the trades I took. The previous week wasn’t great for me, but week 15 was worth trading and I was able to limit losses on failed trades while booking some solid gains in those which worked.
This show-and-tell look at the trades I took this week should give you a feel for not only how I managed my trades, but also the kinds of setups which have been working well of late. And for those curious about our trading style in the member area, this should give you a good indication of what a typical week looks like. Check out the trial if you’re interested in adding our ideas to your own.
(Direct video link is here for those interested in embedding it elsewhere to share).
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Get our free newsletter to keep up!
Follow @TheStockBandit
Wait for the Trend Line Break!
April 11, 2012 at 6:36 am
As a pattern-based trader, I use a lot of trend lines on my charts. When you look at my charts, the only indicator you’ll see is the 21-period MA of volume, which is the running 1-month volume average. Beyond that, it’s just price, volume, and trend lines around the patterns I see in price.
I keep it simple.
Confirmation of those patterns is what I require before taking entries on 99% of my trades, which means price crossing through a trend line. The way I view it, until that line in the sand is crossed, nothing has changed. The rest phase or pullback must not be done until then. I may detect price perking up or volume percolating, but until the trend line breaks, the setup cannot be fully embraced as a positive change of character.
Right now there’s an excellent example in the chart of AMGN of why waiting for that trend line break can mean preserving both capital and clarity. The stock is bullish, no doubt about it, as the intermediate uptrend remains intact since it began last August. Since then, we have a series of higher highs and higher lows.
In recent weeks, the stock has been pulling back quietly with some minor profit-taking leaving price drifting lower since the early-February peak. The prior breakout was around $65 (January) so it could be the stock is in for a test of that zone, who is to say otherwise? And until a break occurs to suggest the stock is back on the move, who cares?
Currently, the stock is floundering around beneath a very valid trend line, but no less a trend line which has yet to be crossed.
XOM is another example here as just recently the widely-anticipated push through the $88 level as recently as last week never happened. The stock has since fallen out of its channel to the downside. Waiting was the best option.
F is one more on the list with $13.05 resistance never being crossed, despite approaching it multiple times of late. Those who bought early in hopes of getting in “cheaper” ahead of the breakout actually paid up. The stock has exited its trading range to the downside, leaving premature buyers in what I’d call the “hurtin for certain” department.
Traders by and large love to predict what’s coming, and often will take anticipatory trades as such. Doing so can be an expensive way to get caught in a stagnant name.
Carefully consider whether a stock is truly getting on the move before committing capital to entries. Could be that waiting a little longer provides you with not only better prices, but better defined exits as well.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Get our free newsletter to keep up!
Follow @TheStockBandit
