Small Cap Stock Picks Technical Analysis : 10/20/08
Oct 20, 2008 Small Cap Stock Picks, Technical Analysis
Holy guacamole! Is this happening? Am i entering in swing trade? Yes i think i effin am for the first time in a while because this market has been so crazy. But it looks like most market crushing bad news is behind us…. IE multiple banks going bankrupt bla bla stuff like that which weighed heavily on the market. Now it appears that the market could be bottoming and set for at least a short term rally for a few weeks or so, As well new stimulus packages certainly could help.
Take a look at the DOW currently on the 60m chart it made a strong breakout above the descending resistance line of the symmetrical triangle formation and the 13ema looks like its about to cross the 50ema to the upside for the first time in a while.
Technical Analysis:
Small Cap Stock Pick #1 – ????
This stock has collapsed from its highs earliar in the year from around $8/share. Today we saw a notable sign of a possible bottom at price broke out a recent resistance mark to make newer highs of its latest short term trend. Todays move also broke its short term descending trendline. I think its very possible we could see this move to 2.75 – 3 in the near term. I alerted Black Service members to go long at 2.26
Technical analysis :
Small Cap Stock Pick # 2 – ????
This is the first otcbb stock that i have found attractive in quite some time. BB’s used to be so abundant for easy 20-40% trades all the time so im excited to see some stocks moving again on the bulletin boards again. One thing that is quite attractive about this stock is that Legendary investor George Soros has some 10 million shares in this stock so he obviously is speculating that this stock has some solid potential. That along with its extremely bullish stock chart and im sold. I alerted Black Service Memers to go long here at 1.19 Today
Technical Analysis :
Tags: DOW, small cap stock, Small Cap Stock Picks, stock chart, stocks, swing trade, Technical Analysis
How I’ve Adapted to the Manic Market by Day Trading
Oct 16, 2008 Day Trading
With the recent “extreme” market conditions and the market swinging up 1000 points here, down 700 points there, then up 500 points again like its just another regular day in the market. I’ve had to adapt to the trading environment and become focused on day trading. As my bread and butter Swing Trading strategies have become a risky game to hold a stock when the market moves up and down in huge moves. Gambling on which side of the trade has become very risky. If there wasn’t pre and post markets we could use stops to protect ourselves. Yet with the after hours trading we can get screwed with all the gaps we’ve seen lately.
And no thats not me in the picture. Its actually a bad ass Japanese girl day trader named Maiko Asaba that turned $2000 into over a mill. Tokyopua its your DreamGirl!!! haha.. Alias “Tokyopua” is one of our black service members fyi. Inside joke you won’t get it unless your part of the ttt.net crew.
Anyways, i haven’t made a swing trade since 9/15/08 which is my specialty in the stock market and what my business is based off of. Yet i’m almost thankful that this recent market madness has occured because it has forced me to dive into the realm of day trading and shorting stocks. Two tools that i hardly ever used prior to the past month. And I’ve been fairly successfull to say the least with day trading as i’ve gone 12 for 15 winners since i made my first day trade recorded here at ttt.net on 9/25/08. I make Real Time Trade alerts via live chat and email to our Black Service members on all trades.
So now once the market stabilizes and “safe” swing trading environments are back in affect, we here at ttt.net will be able to increase our profits with a long bias swing trading, thats what i do best, check my trade history here over the past 2.5 years since i started ttt.net. And now day trading and shorting added to the tool box?? I think we have a very bright future ahead of us here at ttt.net.
Tags: Add new tag, day trader, Day Trading, shorting stocks, swing trade
