They tried to take out the stops, but the low of 5.35 the other day just missed mine. I added again@ 5.56, I am now in at an average price of 5.78. My stop remains near 5.30 and will have to stay there for at least another 5 to 10 days. Looking for a breakout above the cup and handle rim some time next week.
-- Tom | My Trades
UNG (Natural Gas) was a great investment so far. I am up over 8% at this point. I am only worried about contango. Can you explain why I should not be concerned?
I was wondering why this board is not more active. Maybe we need a little publicity or something.
Thanks.
Hi www -
I don't know if you should be worried. I just use the charts. I use the philosophy that everything is in the charts. It's my excuse for ignorance.
I don't know if you have followed any of Trader Fred's or ETFchart's moves posted here (see the home page), but after this year I will evaluate the results of the last two years and decide if this is something we want to purue further. If the answer is yes, I will start to promote it more.I was wondering why this board is not more active. Maybe we need a little publicity or something
-- Tom | My Trades
-- Tom | My Trades
Urban Outfitters (URBN) looking like it may be ready for a big breakout from a long-term cup and handle formation. I bought this morning at $37.82. Initial stop is $36, but I should be able to move it to $37 next week if the recent trend does not break beforehand.
Here's a daily chart...
Longer term chart...
-- Tom | My Trades
Raising stop to just above 57.
More on the ongoing RIMM trade.
-- Tom | My Trades