I don't know why people freaking out about the recent bailout of Cyprus. Do they have that much economic impact on global growth ? instead Watch Copper and Crude Oil I love copper as a leading indicator . Copper is a relatively cheap, abundant , and has numerous useful properties such as home construction, electrical wiring, plumbing, etc , etc. it recently...
The hype behind BBRY new phone is over. The phone is out and the most tech reviewers seem to like. However I'm not convince that BBRY will sell a lot of units of the z10. Perhaps i'm jumping ahead of myself, as the phone has yet to come out in the U.S. During the first week of sales, BBRY claimed that sales figures for the phone were extremely good, event...
PAIR TRADE : REIT , MAC VS. TCO LONG TCO (GREEN) @ 77.52 SHORT MAC (RED) @ 61.53 WINNING % : 75 % overthe past 2 year avg length of trade : 18 DAYS
The following LOG chart represent AAPL stock for the past 30 years or so. You will notice that since 1985 , each time the stock a hits it upper resistance, it is followed by a brutal decline in stock price. The stock hit that resistance again in 2012 , can expect another big decline ? ( stock already down ~ 36 % from it's high). Basically , don't try to catch...
PAIR TRADE : RIMM VS. NOK CORRELATION (100) : 91.70 % CORRELATION (20) : 73.30 % CO - INTEGRATION : ~ 81 % LONG RIMM (GREEN) @ 17.87 SHORT NOK (RED) @ 4.41
AAPL is currently on a solid support level. As you can see, that support has held multiple time . Best Case Scenario : A rally to ~ $550 Worst Case Scenario : the current support @ 484 is broken. We 'll see next wed.
PAIR TRADE : REIT CORRELATION : 73 % CO -INTEGRATION : 0.96 LONG FRT (GREEN) @ 105.48 SHORT O (RED) @ 42.90 % WINNING : 80 % over the past 3 years AVG LENGTH OF TRADE : 23 DAYS
There 's a reverse head & shoulder on GRPN. the stock is up 97 % since hitting it's low. Look to enter ONLY when the neck line has been broken ( 5.55)
taking a short position in MRK. You can see on the chart that a H+S formation is confirmed and the neckline has been breached. Target is around 38.30
RIMM and NOK have been very good for the bulls in the past few months. I recently closed long position on RIMM. Today however , RIMM is down more than 20 % ( ouch !) . NOK is down by "only" 4.55 %. The correlation (20)between these two have above 70 % for a while. The fact that NOK didn't plunge as much as RIMM, tells me the ratio for the two stocks is far away...
Only on trade today. Gap is filled this morning ( currently trading @ 526). Going long @ 528.25 with a tight stop at ~ 526.40. Target around 537. good trading , Algokid
I'm off tomorrow, so will do a little bit of day trading on AAPL. Here 's my plan : RANGE : 505.50 - 518.00 NO TRADE ZONE : 508 - 510.25 Long trades : Entry 1 --> Long @ 510.30 with a target @ 512.50. hard stop @ 509.25 Entry 2 --> Long @ 514.25 with a target @ 517.00. hard stop @ 512.95-513.00 Short trades : Entry -->short @ 506.90 with target...
PAIR TRADE : XME (METAL & MINING) VS EWG ( GERMANY) CORRELATION : 87 % , based on the past 100 days Co -integration: 0.90 LONG XME GREEN) @ 42.13 SHORT EWG (RED) @ 23.26 Avg trade length : 20 days 75 % winning rate for this pair over the past 3 years P.S : Thanks for the new feature Tradingview, very cool. Keep up the awesome work :) . Algo
This monthly chart represent the S&P 100. Will history repeat itself ? I don't know, but as an Investor or trader , you should always look at the big picture. Based on this chart , one might want to reduce or have very little market exposure. Good trading to you all Algokid
Taking a long position in RIMM for the following reason - Up two month in row - Positive volume - Resistance has been tested - New product line coming Jan. 2013 ( although it would be better if it came out for the holiday season) I have a target around 14.22. with a tight stop loss at 7.13. Will monitor the trade on a monthly basis , unless stopped. AlgoKid
Two possible scenarios here for AAPL Scenario 1 : AAPL breaks $620 Level and continues it ascent to $700 Scenario 2 : AAPL moves up to $620 , but is unable to break taht resistance and continue to go down I don't have a crystal ball or anything, But I'm currently "bearish on AAPL " and think the stock will continue to go down. The CEO re - arranged the deck...
Oil and the SP 500 have been very correlated for the last few years. Right now, Oil is at resistance. IF that resistance is, broken expect more downside on the SP 500.
The SPY needs to break above 142.50 -143 , to avoid a descent to 138 or so