Thursday, January 29, 2004
click here for AA chart
1/30 Fibmaster stated in Chart Review, "A long entry was triggered last week on daily close at $36.30 (1/20 EOD). Since then the chart crossed down on the daily TRSI triggering a loss with a close at $35.40 (1/23 EOD)...that is a loss of $0.90 which is minor compared to how the chart looks now! Apply the rules to limit your losses! The technique is to let your profits run, but limit you losses"
(look at WOR post for ProfitPoint newsletter)
Posted by Admin @ 01:55 PM PST [Link]
1/29 Fibmaster reported in Chart review, "We were looking for a short entry at resistance levels, but we were never triggered. On 1/23 TSN closed just below 3x3 on daily chart but the TRSI did not close down. The market reacted favorably to TSN's earnings report with a very nice rally. As ProfitPoint stated, above $15.00 TSN is bullish, no shorting there! We are taking TSN off our watch list."
Posted by Admin @ 05:26 AM PST [Link]
click here forWOR chart
1/28 WOR Using the 60 min. chart we entered long 1/20 at noon at $16.91 and closed the position 1/22 at 10:00 at $17.46 for a profit of $0.55 Chart Review states "The daily trade however closed today with the TRSI down, at a closing price of $16.81, representing a loss of $0.10...Can you handle that? With the weekly trend up, I would not be surprised to see another bounce, at the support levels marked on the chart below"
click here for ProfitPoint newsletter(45k file)
Posted by Admin @ 05:13 AM PST [Link]
Friday, January 23, 2004
Click for S&P chart
This message is for discussion in our intraday chat room (subscribers only).
The attached chart shows the S&P 30-min in a retracement. Two important SK support levels are shown. On the daily chart a pullback to 1115 can take place without stopping the uptrend (it retraced that deeply and recovered recently).
The daily trend is trying to turn up but is not strong yet. The 30-minute trend is down at the moment, though the S&P is supporting at a nearby SK level. With the 30 min trend down, I'd like to short the market after breaks of SK support. When the 30-min trend crosses up again, I'll be looking for long trades. Aggressive traders may try some longs in lower time-frames at SK support levels.
Notice the bullish push pattern (marked with vertical red bars). That pattern has a profit-point of 1152. As long as the 1135.50/1136.50 SK support level holds, that push pattern is still valid. A cross up of TRSI on the 30-minute chart will trigger a long entry for the bullish push pattern.
Congatulations to members for some great trades yesterday, including 15minute and 30-minute Double-RePo patterns for some great short trades.
Posted by FibMaster @ 06:19 AM PST [Link]
Thursday, January 22, 2004
Jan. 22 We are removing FARO and ESST from the watch list. Neither triggered an entry as expected. There are better charts!
Posted by Admin @ 02:50 PM PST [Link]
click here for TV chart
1/22 Fibmaster reported in Jan. 21 Chart Review: "We have a loss! What do you know, eh? TV triggered a short Jan 13th with TRSI cross down and closing at $42.03 then turned around and crossed back up on Jan 16th with a close of $42.70 for a loss of 67 cents..It pays to watch your rules and keep the losses small. This is typical of my techniques, most often the losses are controlled and you let the profits run.."
click here for ProfitPoint newsletter(93k file)
Posted by Admin @ 02:41 PM PST [Link]
Wednesday, January 21, 2004
click here for INTC2 chart
Jan. 21 We closed out 2nd half of INTC with daily TRSI crossing down @ $33.39 for +2.50 (8%). We closed the 1st half 1/12 @ $34.15 +3.26. There could be some great shorts in the future, this chart may be featured in ProfitPoint again. (look at previous INTC post for newsletter)
Posted by Admin @ 03:50 PM PST [Link]
click here for ASD2chart
Jan.20 Daily TRSI crossed down to take us out of our position, so better to bank the gains than risk more. We closed the 2nd half of our ASD position 1/20 @ $105.51 for +6.59 (6%) We closed the 1st half 1/9 @ 102.21 +3.29. (look at previous ASD post for newsletter)
Posted by Admin @ 03:37 PM PST [Link]
Monday, January 19, 2004
click here for ALTR chart
1/18 ProfitPoint subscribers received ALTR 12/14. We entered long 12/18 @$22.66. We are closing this position 1/15 @$24.91 EOD for a $2.25 profit (9%).
From ProfitPoint Review sent 1/14, “ALTR has reached the top of the sloping channel and our profit point. I expect to exit soon on a cross down of daily chart…This is a good place to exit rather than squeezing every penny out of the trade.” (Look at ProfitPoint newsletter link posted with KLIC)
Posted by Admin @ 02:43 PM PST [Link]
click here for cal's chart
This is a trade from our chat room, "Cal" is a subscriber, he trades the S&P e-mini.
1/18 Cal went short @1131 and a half hour later exited half of his position @ 1124.75 (using cross up of 3x3 on 3 min. chart) for +6.25 points. 20 minutes later he exited the 2nd half @ 1125 (using cross up of 3x3 on 5 min. chart) for +6 points. But he wasn't done yet! A little later he went long @ 1127.5 and 15 minutes later exited @ 1130.5 for +3 pts.06:48:34 shorting @ 1131. Excerpt from chat log:
09:48:34 (cal) shorting @ 1131
10:09:03 (cal) using fm tech no permission to get out yet
10:25:58 (cal) 1/2 off +6.25
10:27:03 (cal) i was a good fibber
10:27:28 (cal) waited for 3 min x for 1/2 and now wait for 5 min x for other 1/2
10:40:47 (cal) out other 1/2 + 6
10:41:00 (cal) thnks fm
10:41:05 (cal) hope u read this chat
-------------------------------------
11:39:23 (cal) long 1127.5
11:56:57 (cal) out +3
Join Fibmarkets and learn to trade like Cal!
Posted by Admin @ 02:16 PM PST [Link]
Friday, January 16, 2004
Fibmaster's Promise
Our promise to our subscribers: We will post all of our recent ProfitPoint positions here as soon as possible once the position is closed. Also, we will post other charts and comments that we think beneficial to our subscribers. Subscribers receive Daily Alerts for all entries and exits on all ProfitPoint charts. click here for subscription details. As a rule we utilize EOD (end of day) prices. However, there are times when we may use the 60 minute chart for entries and exits, such as when we are nearing a profit-point objective or a stop/loss exit. We invite all subscribers to post their trades using the "Post Reply" section at the bottom of each entry.
Posted by FibMaster @ 09:05 AM PST [Link]
Thursday, January 15, 2004
click here for ICBC chart
1/15 ProfitPoint subscribers received ICBC 12/22 We entered short 1/2 @ $35.60 EOD. We are exiting this position 1/14 @ $35.57 for 3 cents profit. From ProfitPoint Review sent 1/14, "ICBC resisted as expected but was not able to reach the first profit point, missing it by 20 cents. Today ICBC has closed above th 3x3 and TRSI, causing us to exit near break-even...Wow 3 cents profit amost pays commissions hehe!...There are better charts out there." (Look at ProfitPoint newsletter link posted with KLIC)
Posted by Admin @ 03:59 PM PST [Link]
click here for KLIC chart
1/15 ProfitPoint subscribers received KLIC 12/24. We entered long 1/6 @ $15.15. We are exiting this position 1/15 EOD @ $14.85 for a loss of 30 cents. From yesterday's ProfitPoint "KLIC has toyed with the predicted resistance level near $15 and has now crossed down on the daily chart. The weekly chart still has a down-trend). Anyone long should exit (probably near break-even) and consider this chart bearish." Look at ProfitPoint for further details.
click here for ProfitPont newsletter (178k file)
Posted by Admin @ 02:34 PM PST [Link]
Wednesday, January 14, 2004
click here for VIP chart
1/15 ProfitPoint subscribers received the VIP chart 12/16. We entered long on 12/19 @ $65.64 EOD triggered by support at sk area of 62.50 to 63.25 and then cross up of 3x3 indicating a stop and reverse point as reported in ProfitPoint. We closed the position 1/13 @$75.96 EOD with cross down of trsi and 3x3 for +$10.32 (15%)
click here for newsletter (88k file)
Posted by Admin @ 04:48 PM PST [Link]
Tuesday, January 13, 2004
click here for INTC chart
1/14 This is the third stock (of five) we are locking in some profits. ProfitPoint subscribers received INTC 12/11. We entered long 12/18 @ $30.89 There is strong monthly resistance in the 34.50 area. Also, INTC reports Wednesday, 1/14 after the close. So we are closing half of our INTC position 1/12 EOD @ $34.15 for a profit of $3.26 (+10%). We will make a decision for the remaining position after INTC reports.
click for ProfitPoint newsletter (93k file)
Posted by Admin @ 03:49 PM PST [Link]
click here for FDX
1/13 This is the second chart we are taking half off the table to lock in some gains. ProfitPoint subscribers received the FDX chart 12/9. We entered short 12/17 at the open @ $72.80 with the gap down below the 3x3 on daily. This has been a pretty good run and this chart could still go lower, but we expect a bounce at monthly support in the $64.65 area, so we are closing half of our position on 1/9 @ $65.04 EOD for a gain of +$7.76 (10%). We will look for a cross up of the TRSI to close the other half
click for ProfitPoint newsletter(42k file)
Posted by Admin @ 04:00 AM PST [Link]
Monday, January 12, 2004
click here for ASD chart
1/12 If you are a ProfitPoint subscriber you know Fibmaster has picked some nice charts here! As it's quite possible the market is due for a correction (just my opinion) and several of our positions are at major resistance/support levels, we are closing out half of some positions to lock in gains. We will be posting them throughout the week.
The first is ASD. ProfitPoint subscribers received this chart on 12/16. We entered long on 12/18 @$98.92 EOD on cross up of 3x3 on daily. We are taking half off the table 1/9 EOD @$102.21 for a +3.29 gain. The 103.73/104.00 level is still possible. As long as the trsi is up that is the level we will look to exit the 2nd half. Stop loss is cross down of 3x3 on daily.
click for newsletter (86k file)
Posted by Admin @ 05:13 AM PST [Link]
Saturday, January 10, 2004
click here for NEM chart
1/9 ProfitPoint subscribers received NEM chart 12/18. Entered long 12/26 @ $47.00 when it crossed 3x3 on daily and broke previous days high. It resisted at first profitpoint of $50.00 on 1/5 and we exited 1/6 EOD on cross down of 3x3 on daily chart @ $48.87 for a profit of $1.87 (check out how Mojo, a ProfitPoint subscriber, traded NEM for an example of excellent money management and exit strategy).
click for ProfitPoint sample newsletter(89k file)
Posted by Admin @ 01:41 PM PST [Link]
Thursday, January 8, 2004
click here for HCR chart
1/7 ProfitPoint subscribers received HCR chart 12/28. This was a difficult chart with three possible trades. Using the 1st option, we entered long 12/29 @$33.79 and sold 12/31 at 1st profit point at .618 retracement of $34.59. Because of the complexity of this chart we didn’t get greedy and had an order in at $34.50 for a small gain of .71. We will continue to watch HCR for the other two possible trades.
click for ProfitPoint newsletter(89k file)
Posted by Admin @ 06:02 AM PST [Link]
Tuesday, January 6, 2004
Jan. 6 ProfitPoint subscriber and chat room member, Mojo,
bought NEM 12/26 @ $47.10
and sold 1/2 of his position Jan.5 @ $49.70 for +$2.60
He's holding the 2nd half with stop at eod below 3x3 or trsi cross.
Mojo says. "I haven't traded stocks in two years but I am excited
now about longer term stock trades thanks to Profit Point. I have
been a subscriber for 1 month and besides NEM have bought and
sold ASD for a decent profit and am over a dollar up on ALTR.
Fibmaster is the man."
Way to go, Mojo. Keep it up!
Posted by Admin @ 07:10 AM PST [Link]
Monday, January 5, 2004
click here for-MTSN-chart
jan.6 ProfitPoint subscribers received MTSN chart 12/21. Using 15 min. chart on 12/22 entered long with cross up of 3x3 at $12.55. Exited 12/23 EOD @$13.40 as 1st profit point of $13.49 was hit. (with weekly TRSI down, fibmaster advised against greed, so took the quick profit). +.85 (7%)
click for ProfitPoint sample newsletter (89k file)
Posted by Admin @ 05:26 PM PST [Link]
1/5 subscribers received WY 12/10 WY never gave the short trigger we expected so let's take it off our watch list.
Posted by Admin @ 03:08 PM PST [Link]
