Cirrus Logic is trading 12% lower today on what was apparently excellent earnings. They beat estimates by .24 or around 30%. Last earnings gap down was almost immediately bought.
Two ways to play:
First Way: When price breaks below today (10/30) low, put in a buy stop at the low price. That way if it continues to break down you don't take a position and if it...
Long term I think that AAPL has shifted to a bullish trend, but after today's bearish engulfing pattern, I don't think there is any reason for traders to hold it long. It looks like we're going to retest the $500 level. That will be my first entry. I'll buy a small feeler position around $500, ideally after it breaks below quickly, I'll put a buy stop back over...
I'm generally a longer term investor. I like to invest in sound companies with good cash-flow and balance sheets that I don't believe are going anywhere in the next 5 to 10 years. I wait for these companies to bottom then I wait for strength and signs of a trend reversal, then I look for a level where first support will likely be. I think the $44 dollar level will...
I like how the Fibonacci retracement and extension levels match up around the whole number giving gold a 100 point range. My original position was entered at 1316ish and subsequently sold at 1352ish. Now I'm looking for the next trade. I see gold in the middle of a range, ultimately, I can see the trend shifting, but I usually don't trade betting on a trend...
