Damian, awesome job! I've been playing the metals (Gold) and Oil... I think the S&P needs to clear old highs and might be stalling out. I'm still Bullish in Commodities.. Best with your trades!!!
Geo
I'm still bull in commodity stocks. Here are a few groups I think might offer short term upside gains...
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I’m beginning to see commodity related groups starting to pop up. Many of these charts are looking pretty good as well. I plan on paying close attention this in the coming future. Here is a list of the groups showing percent increase in RSI over last 2 weeks. Not sure if this is a good thing for...
Andycan, I only look at charts. I often could not even tell you the name of the company let alone any fundamentals of it. I agree on the KISS theory and often we make things more difficult then they need to be. I'm not a break out trader and I try to stay away from them. I like pull backs after...
I don't look at the volume indicator as here is why. In order for you to sell your shares someone on the other side has to be buying. I don't think volume tells you the whole picture as you really do not know what is going on. I'm aware of how much emphasis is placed on volume but I'm not sold...
Nothing magical about indicators IMO. I think the more people use them the more confusion is added to the chart. Sometimes the simple answer is right in front of us...
I view success in the markets is when you follow your plan for better or worse. Many begin with a plan but few follow the plan. Maybe like when we were in school and taking a written test. How many times have you changed the answer only to later find your changed answer was wrong. In the long...
Folks, I'm not sure it is a good idea for me to continue to post individual stocks. Therefore I think I'll just post the groups. often forums judge a person based on the picks. I even stopped doing this on my blog. I would not want a beginner to buy into a pick I post and lose some hard earned...
Oils and metals did fall down very nicely. Here are possible groups I'll be looking at on the long side. I still did not get many returns.
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