All Entries in the "Technical Analysis" Category
Video Review of the Indexes 3-16-2012
March 16, 2012 at 4:50 pm
The indexes were able to push past some important levels last week to continue their uptrends, and we actually saw some acceleration for the first time in a while.
Selectivity remains the key for new plays, which I’ve been noting within the member area. A number of stocks remain within uptrends, but it hasn’t been the kind of market which has rewarded buying blindly.
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.
(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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Follow @TheStockBandit
Week 10 Trades Review (Video)
March 13, 2012 at 8:00 am
The indexes didn’t make much progress in either direction, despite an early-week hiccup, but the dip-buyers once again made their presence felt last week. The buy-and-hope crowd didn’t make any progress, but actively trading the moves offered some potential for us.
Inside the Bandit Hideout, we took a number of trades, so I wanted to offer a video recap of each of them. Once again, the numbers game of trading proved essential as several stopped trades were offset by some nice winners. Diversifying trading directions, timeframes and strategies has some big advantages.
I wanted to give you a show-and-tell look at the trades I took this week. It 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 3-4-2012
March 4, 2012 at 1:13 pm
The major averages finished mixed and little-changed last week as they primarily moved sideways to further digest some of the recent run. We’re dealing with several key levels at the moment, and despite having the technical edge, the bulls have struggled to produce an acceleration of the uptrends.
Selectivity remains the key for new plays, which I’ve been noting within the member area. A number of stocks remain within uptrends, but it hasn’t been the kind of market which has rewarded buying blindly.
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.
(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 2-26-2012
February 25, 2012 at 11:31 am
The major averages moved mostly sideways last week with the big 3 posting only small gains as stocks rested near key levels. Each of them were able to mark new intraday recovery highs, but the strength didn’t inspire more buying and instead the market simply based overall.
Selectivity remains the key for new plays, which I’ve been noting within the member area. A number of stocks remain within uptrends, but it’s the kind of market which is rewarding some finesse with entries more often than chasing strength.
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.
(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
6 Candidates for Position Trades
January 5, 2012 at 9:49 am
At the beginning of the year, everyone’s out to make a prediction. Ignore them! The only way to trade is to weigh your risk/reward at any given time (whether January or June or November), and make your moves based on that.
Today I want to point you toward 6 stocks which look to have some promise in the months ahead. This is not a prediction of where they’re headed, just a list of setups which look to have some potential.
I published the post over at MarketWatch, so here’s the link (complete with charts).
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Follow TheStockBandit on Twitter or get our free newsletter to keep up!
Burrito Time!
January 3, 2012 at 10:19 am
Don’t look now, but CMG is back on the move – and potentially in a very big way. The chart below outlines the large, multi-month ascending triangle that’s been forming, and currently we’re seeing a breakout attempt in the stock.
But can it stick?
That’s always the million-dollar question, but with a solid uptrend in place and prices now pushing to new highs, I certainly wouldn’t bet against it. In fact, I like it for a push to the $425 area, which is the projection of this pattern (add widest portion of triangle to breakout zone).
Here’s a closer look at the chart:
 An aggressive stop would be a gap fill to the 12/30 close of $337. Nice setup.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Follow TheStockBandit on Twitter or get our free newsletter to keep up!
Always Look to the Left
December 28, 2011 at 2:46 pm
A friend of mine recently mentioned that the area to the right of price is the only place on a chart where you make money. He’s absolutely right. But I’d add that by also looking to the left, you can save money as well.
Take for instance CXO. Right now the stock is sitting in a short-term bearish formation. The stock recently declined for a couple of weeks, then has attempted to bounce – without success. That has created a small rising channel, or bear flag, which is quite likely to be resolved to the downside when taken at face value.
So am I going aggressively short here? No, and here’s why:
Short-term, this looks like it wants lower. But by looking to the left, I see more than just the selloff and feeble bounce attempt. I see that just about $3 lower is a major level which has served as both support and resistance in recent months. That could again provide buyers with a spot to take a stand, and it poses a threat to this setup as a bearish play – a roadblock for the trade.
Here’s a closer look at the chart:
Always take the short-term pattern you’re seeing in context. With that in mind, this bear flag isn’t a high-probability trade given support isn’t far below. Furthermore, the overall trend in recent months hasn’t changed, as this is really just a range-bound stock heading back toward key support. It might not hold, but trading is about probabilities, and they aren’t real favorable in this case for a move of more than about 3%.
In other words, always look to the left.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
Follow TheStockBandit on Twitter or get our free newsletter to keep up!
