Stalking COSTAR – again
The chart below shows a very observable pattern to COSTAR. It is doubtless a channel. The first thing that will come to mind is that, “It’s purely by chance.. there’s no reason why this is happening”. We may not be able to see the reason, but the pattern is undeniable.Read More
Updated strategy for earnings releases
This strategy updates that of February 2015. The important change is about assessing whether an equity responds to the DAX (GER30) or Wall Street (US30). This became important from lessons learned with Mallinkrodt in Respect the Indices. The SYP principle applies as always. Another change is looking at the WilliamsRead More
Many an expert trader will say something like ‘I rely mostly on price action, not indicators. Most indicators are useless and confusing.’ – which automatically brings up the question, “Which indicators are useful?”. But there are deeper issues. What is ‘price action’? Investopedia says, “Quite literally, price action is everythingRead More
Respect the indices
It’s been puzzling me for some time why some seemingly good shares don’t rebound or don’t rebound well. I think I’ve solved part of the puzzle. The charts below show the influence of the German DAX (Germany 30). Of course the influence is not direct or always consistent. Wall StreetRead More
The Monsanto Snipe!
Results of the snipe are visible by clicking the thumbnail below. The assessment of this stock as a good snipe opportunity undertaken about a week earlier. I do not go into the whole process here. There were particular features of the personality of the Monsanto stock price chart, that ledRead More
Support and Resistance
Support and resistance are absolutely important concepts for all traders. Supporting what – and resisting what – are the questions that most new traders ask in their own minds. The easiest way to imagine ‘support’ is by reference to physical analogies. Forget about charts and trading for a moment. HaveRead More
National Grid (snipe)–personality in stocks?
This is a snipe on the National Grid that is now in profit. In this particular stock (spread-betted on), I aim to show the ‘personality’ of the stock. Well of course a stock can’t have a personality as such. By personality I obviously mean the collective mindsets of those involvedRead More