ManyPeaks.com

This is a screen shot of my main monitor, which usually contains the TeleChart stock scanning and charting program.
I use rely heavily on both of those functions. To find low-risk trading opportunities, I use several proprietary “EasyScans” that I devised myself, as well as some that I’ve picked up from other traders.
I use a price […]

3 refinery builders, 3 charts in solid uptrends. I’m long all 3 at the moment.
I generically define a stock in an uptrend as having its 20 day moving average (avg closing price for last 20 days) being over its 50 day moving avg, and the 50 day being over the 200 day. This is […]

Crude oil is still making higher highs and higher lows since the low about 7 weeks ago. Now that it’s pulled back for 4 straight days.. coinciding with some very sharp selloffs in Oil equities.. I’ll be hunting for charts that show a big selloff 3-4 days ago, followed by some narrow range days.. similar […]

Wow, Mr. WorldCom really took it in the chin from this jury. A sad ending to a sad saga, in which “everybody” lost.
Does that mean Enron guys get similar sentences? It may not matter…Ken Lay & Co. (Dubya’s infamous compadres) could possibly have a presidential pardon coming their way in late […]

.. That all of em aren’t this easy.
While I by no means caught the bottom, this was a beauty of a trade. Bought with about 30 minutes to go yesterday, at 6.68, willing to risk 30 cents (~5%) down to 6.40, and sold the first 1/2 of it at 7.65 at 9:49 this morning. […]

Well, it took an extra day to get my setup.. TradeBack entries are much better in the morning than afternoon.. the later in the day, the more lasting the move tends to be..
I got my signal at 9:50 this morning, when yesterday’s highs on DIA were rinsed by 1 penny. I’m short DIA right now, […]

Nice 3 day run for the S&P.
Starting with the gap down Thursday morning following London’s terrorist attack, the S&P (as represented here with the Spyder ETF) is up about 3.1% in three sessions. That is some strong momentum. And while being overall short at this point has much in common with liesurly standing around on […]

After a nice 18% + run, Foster Wheeler (FWLT), my favorite Oil Infrastucture play, is setting up once again for a low-risk entry. I caught that beautiful explosion to the upside out of the last range contraction area near 17.50.. which happened on huge volume.. Now the range is getting tighter again.. and volume […]

As you know, terrorists of some sort attacked the London subway & mass transit system in an apparently coordinated attack there during the morning rush hour. Being the first large-scale attack since the Madrid train bombing in early 2004, it naturally has people spooked.
While many of us were snoozing, some sleepless souls were awake to […]

So it’s “the day after the Fed failed to throw us a bone”.. and also the day before a nice 3 day weekend.. at 1pm NYSE volume is 680 million.. Tiny !
Things are pretty quiet, but I did add some RTSX on this intraday pullback. Notice how the daily range (high - low) has gotten […]