Education Center
I subscribe to the Daily and I am only about 3 weeks old with your service. I am trying to find a site on the internet that provides the 10 and 50 day (and shorter term also) moving averages on any particular stock. Datek allows you to choose ave’s based on minutes (say 5 min ave), Etrade gives some info but cant see individual days etc. I’ve checked Yahoo and many others but cant seem to find this info. In the daily you mention watching where a stock is in relation to the 10 and 50 mvas, but I can’t find this info anywhere.
Many sites show the moving averages on the chart, but my guess is that you are looking for the actual price as well, not just a line on the graph, right? There are many services that allow you to watch moving averages such as http://www.stockcharts.com, BigCharts.com or Askresearch.com. They do not show you the actual […]
I am a daily subscriber to your service and from time to time see you mention your following certain stocks on your Palm VII. I am thinking about purchasing one and was wondering if you could tell me if you are able to get real-time quotes and/or real-time streaming data on charts for the stocks you are watching. Also what brokerage service supplies this info to you. I have heard that Etrade is supposed to have some award winning service involving the Palm VII. Any information you can provide is appreciated.
Yes I personally use a Palm VII and like it very much. One drawback for getting alerts: you have to access the message software. In other words, it does not alert you, but you have to check your messages to see if there is an alert that has been sent. FreeRealTime provides free snapshot realtime […]
I’m not sure if this is whom I should be writing to, but I have to ask. I’m a new subscriber and I started getting into the markets just after it peaked. What has caused this bear market of such dramatic proportions? What are the signs that it is rebounding? Should I be waiting for the tax cut that is still being promised? How should I set up my investment strategy? If these are things I should be asking a broker, let me know, but you guys seem to be the brightest of the bunch out there. Thank you.
Thank you for the compliment. The cause of the bear market was a perceived weakening in earnings due to future slowdown in the economy. The stock market is driven by expectations of growing earnings, usually looking at least 6 months into the future. When earnings are not expected to grow, stock prices come down as […]
When you state specific volumes to watch for on breakout, or a buy point, is that a volume number for the time of breakout or buying, or is it on the entire day’s volume?
It is the volume for the entire session. We are looking for the volume to be in that neighborhood when the day is done. Of course, that means we will many times be taking positions without really knowing what the final volume for the day will be when we see an early breakout over resistance […]
I’m not clear about how or if to apply stop loss prices when you’ve written covered calls.
Very good question. This is one of the downsides of covered call writing: a stock that looks good starts to fall on you due to market conditions or bad news. You have those calls out there that require you to hold the stock in order to cover. In non-retirement accounts we go ahead and set […]
When you give a buy target on the plays along with a volume target, is the volume supposed to be at that number when the stock reaches the buy price or is the volume for the stock just supposed to be on pace to reach that volume by the end of the session? When you put out the plays each evening, are those plays supposed to be good until the stock reaches the buy target, even if that’s a couple of days away, or is the play meant to be good for the next day only?
First, the target price is the price for the day. It is where we want to see the volume at the end of the session on the move we are looking for. That is great, but what if the stock makes the move in the first hour? Most volume occurs early and late. If we […]
Reading your Team Trades summary tonight about DISH, I had to wonder if you ever place limit orders ahead of time and then subsequently make the buy trade in the pre-market trading hours, rather than waiting until the public open of the market?
Wow. You must have been reading our minds that morning. We were looking at DISH and pondering whether to buy before hours. We held back just because even before hours trading can fade just as the futures fade when the real market opens and the millions of investors hit the tape. That held us back, […]
How does one calculate or estimate the “overhead supply” and/or “congestion” you often speak of in the newsletter?
Overhead supply are points where the stock was purchased before it began a drop or correction. We will see a stock try to rally, but then fail and fall below its previous low. The point where the buyers ran out of steam and the selling started is the point of overhead supply. There are those […]
Can you explain why SOX performance has such significant impact on the tech stocks overall?
The chips, as a group, have been showing the best patterns for the past three months. They are not stellar patterns, but they continue to recover and form up again after each setback. They do this because they have historically been a leadership group. Moreover, the chips (other than the telecom chips, e.g., AMCC, BRCM) […]
If we enter a prolonged period (6 to 9 months) of volatility switching daily from up to down momentum and back, what is the wisest trading strategy to pursue? Should we become position traders on a few select stocks? Should we focus only on day trading? What will work best?
If we do enter a sideways pattern we will more likely have swings up and down that we will be able to measure on a weekly basis, i.e., 2 to 4 weeks up and down. Those are actually very good times to trade as stocks set up more or less predictable rolling patterns. The idea […]
