rbarnesy

rbarnesy

Here I use one of the more simple TV tools to show a powerful combination of two stocks. The tool is adding symbols together to make a composite symbol. As a bonus, it also shows what I think is a great combo of two companies that, together, make for one heck of a portfolio. In this chart I combine CSU in Canada with BRK.B in the USA. But first CSU needs to be...

10:12

rbarnesy

Panic selling and panic buying usually show up at the end of a move. Here I us a simple "indicator" I made to help identify if a move is particularly special. First, I have always like ATR (Average True Range) as a useful reminder of what to expect and at one time I even used it to calculate my position size for risk purposes. I wrote two little hybrids of this...

15:30

rbarnesy

This is a video of how one might have used GTC limit orders to avoid the stress and potential heartbreak of trading halts, platform or exchange slowdowns of just plain stuck in a meeting when your stock took off for it's temporary ride into the stratosphere during the recent short squeeze frenzy.

12:18

rbarnesy

Tesla is high by any standard value or technical view. Here I use the PE ratio as compared to TSLA, AMZN, AAPL and GOOGL and a super stock I am going to call "Amagoogle" to demonstrate just how overdone I think Tesla is. To summarize, I will show: How relative P/E (Price to Earnings Ratio) compare. Growth stocks typically have very high PE ratio's , mature...

rbarnesy

I have had conversations with friends who are thinking of bottom fishing in the resource sector - particularly energy. I have never liked the sector because of it's volatility. Keep in mind that the sector is down 90% since it's high in May 2008. It is a 12 year declining trend that shows zero sign of letting up. There is more than just a panic or even...

rbarnesy

I like CIBC at today's price but there may be more to come. Canadian banks are some of the most conservative and solid in the world which is why we already own some of this one. But, the monthly chart suggests that if another down-leg starts, this one may see prices in the low 70's. Who the hell really knows. At the current price as I write this of $87.50, the...

rbarnesy

Reviewing UTX, I am reminded of how important it is to step back and look at the long term. The headlines can be scary. DOWN 28%! But if you look at the monthly bar chart, this latest move off the high is an inconsequential blip. This is why my Tradingview page defaults to a threesome of 15 minute, 1 Day and Monthly bar charts. It helps me see the forest for the trees.

rbarnesy Updated 

RUNS. I define these as consecutive days where the high is higher than the previous high and low is greater or equal to the day before. The reverse for down drafts. The meat of most moves will, more often than not, comprise of these runs. I would love if someone could build a study that not only tests this idea, but also uses this as a direction bias on a...