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  • #101
  • Apr 4, 2012 10:15am Apr 4, 2012 10:15am
Quoting split_unit
MOS- Support tested multiple times, if the level continues to be tested a breakdown is imminent.

POT-Resistance tested multiple times, if the trendline continues to be tested a breakout past 47.00 is imminent.
It started...textbook breakdown
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-04-04_1913_MOS.jpg Size: 153 KB
  • #102
  • Apr 4, 2012 10:40am Apr 4, 2012 10:40am
Quoting split_unit
It started...textbook breakdown
Nice AT you made, i will stai close to you
  • #103
  • Apr 4, 2012 10:57am Apr 4, 2012 10:57am
Quoting lucatony29
Nice AT you made, i will stai close to you

Hi lucatony29 .. sure buddy I will post updates and other trades as they come by. I primarily post breakouts/breakdowns here.
  • #104
  • Apr 4, 2012 11:17am Apr 4, 2012 11:17am
My GDX - ABX trade. I traded ABX in the chart above as it is part of the GDX miners ETF which I had gameplanned for as a short. ABX was also in my gameplan as a short and it worked nicely. The entire commodities sector is weak at the moment. Its natural to short ABX as a result of it all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-04-04_2007_ABX.jpg Size: 163 KB
Click to Enlarge Name: 2012-04-04_2011_GDX_update.jpg Size: 161 KB
  • #105
  • Apr 4, 2012 11:25am Apr 4, 2012 11:25am
Quoting split_unit
Heres a chart of the SPY that am watching pretty closely at the moment
S&P 500 ETF (SPY) update.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-04-04_2019_SPY_SPY.jpg Size: 141 KB
  • #106
  • Apr 7, 2012 1:32am Apr 7, 2012 1:32am
Quoting split_unit
It started...textbook breakdown

It broke down, but can it continue? To answer that question, I checked out the XLB (Basic Materials Sector ETF) and MOO (Agriculture ETF). For those who don't understand the relationship, MOS is a part of the agriculture industry which is along with other industries a part of the basic material sector. The equities market has several sectors which make the market what it is and as per size goes, the XLB>MOO>MOS or Sector>Industry>Stock.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-04-07_1023_XLB.png Size: 313 KB
Click to Enlarge Name: 2012-04-07_1020_MOO.png Size: 311 KB
Click to Enlarge Name: 2012-04-07_1017_MOS.png Size: 274 KB
  • #107
  • Apr 7, 2012 2:00am Apr 7, 2012 2:00am
heres another stock from the same industry and sector that I have my eyes on for Monday. POT<45.00.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-04-07_1057_POT.png Size: 306 KB
  • #108
  • Apr 7, 2012 9:14am Apr 7, 2012 9:14am
Quoting split_unit
Another one of my setups for Monday, this ones a screaming long.
SCSS four months later. I am not in this.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-04-07_1810_SCSS.png Size: 261 KB
  • #109
  • Apr 8, 2012 1:37am Apr 8, 2012 1:37am
Quoting split_unit
SCSS four months later. I am not in this.
Key to note here is that SCSS caught my attention back then due to the fact that it broke out and made new highs while the SPY was rallying but was no where near its multi year highs. It showed tremendous relative strength and now we know why. This only comes to show the importance of relative strength/relative weakness. A benchmark is essential in the equities market to assess ideas.
  • #110
  • Apr 9, 2012 12:21pm Apr 9, 2012 12:21pm
Quoting split_unit
It broke down, but can it continue? To answer that question, I checked out the XLB (Basic Materials Sector ETF) and MOO (Agriculture ETF). For those who don't understand the relationship, MOS is a part of the agriculture industry which is along with other industries a part of the basic material sector. The equities market has several sectors which make the market what it is and as per size goes, the XLB>MOO>MOS or Sector>Industry>Stock.
Oh it broke down alright, check out these charts. Run away gap in MOS and a very neat breakdown in POT.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-04-09_2117_MOS.jpg Size: 151 KB
Click to Enlarge Name: 2012-04-09_2117_POT.jpg Size: 163 KB
  • #111
  • Apr 9, 2012 9:58pm Apr 9, 2012 9:58pm
POT, MOS, AGU and YAR performance in %! Nitrate prices in USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10-04-2012 04-33-46.jpg Size: 102 KB
Click to Enlarge Name: nitrater.jpg Size: 104 KB
  • #112
  • Apr 9, 2012 10:36pm Apr 9, 2012 10:36pm
Quoting PrebenLivang
POT, MOS, AGU and YAR performance in %! Nitrate prices in USD
First of all welcome to the thread! Feel free to post charts like these anytime

The whole point is to daytrade the weakest stocks short and the strongest stocks long. POT & MOS were the weakest according to your first chart.
  • #113
  • Apr 9, 2012 10:38pm Apr 9, 2012 10:38pm
Quoting PrebenLivang
POT, MOS, AGU and YAR performance in %! Nitrate prices in USD
According to your second chart prices have risen recently, thats normal. I dont expect those two stock to head south forever, they were just nice momentum plays that worked out. Sooner or later they will bounch.
  • #114
  • Apr 10, 2012 12:10am Apr 10, 2012 12:10am
Thanks

Ahead of the USDA report today I would go long PINK:YARIY! If the report come out bullish, I buy underperformers like POT and MOS!
  • #115
  • Apr 10, 2012 1:50am Apr 10, 2012 1:50am
Quoting PrebenLivang
Thanks

Ahead of the USDA report today I would go long PINK:YARIY! If the report come out bullish, I buy underperformers like POT and MOS!
All the best mate,I personally don't follow the USDA reports unless they come to my attention through my news sources. I also don't trade pinksheets due to the illiquid nature of those stocks. It doesn't suit my trading criteria. Buying POT and MOS are however on my agenda today, should the play out the way I planned for.
  • #116
  • Apr 10, 2012 2:04am Apr 10, 2012 2:04am
Quoting split_unit
All the best mate,I personally don't follow the USDA reports unless they come to my attention through my news sources. I also don't trade pinksheets due to the illiquid nature of those stocks. It doesn't suit my trading criteria. Buying POT and MOS are however on my agenda today, should the play out the way I planned for.
Do you find it useful to follow those reports? Do they really affect price? Is your approach technical or fundamental?
  • #117
  • Apr 10, 2012 8:18pm Apr 10, 2012 8:18pm
Quoting split_unit
Do you find it useful to follow those reports? Do they really affect price? Is your approach technical or fundamental?
They are useful at the right time :-) The supplyside builds up late summmer/fall, and demand appears early spring/summer! Problem now is the broader market out of sync :-(

Hmmm... my approach? Its mixed :-) I like the technicals, but I prefer to have some fundamentals in the back.
  • #118
  • Apr 11, 2012 12:57am Apr 11, 2012 12:57am
Quoting PrebenLivang
They are useful at the right time :-) The supplyside builds up late summmer/fall, and demand appears early spring/summer! Problem now is the broader market out of sync :-(

Hmmm... my approach? Its mixed :-) I like the technicals, but I prefer to have some fundamentals in the back.
I never knew about those seasonality factors, its always cool to learn new stuff! And again, welcome on board. Feel free to post anything you think would be useful to other traders!

Have a great trading day!

Split
  • #119
  • Apr 12, 2012 8:21am Apr 12, 2012 8:21am
All I can say about this is summed in 3 letters, lol
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-04-12_1712_lol.png Size: 19 KB
  • #120
  • Apr 13, 2012 2:17am Apr 13, 2012 2:17am
Heres an update on the market...when I say the market I either mean the S&P 500 (SPY is the ETF) or the NASDAQ (QQQ is the ETF)
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-04-13_1110_SPY.jpg Size: 185 KB
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