Monday, May 31, 2004
Indicate below the preferred price-range for your trades.
(One selection only.)
Posted by FibMaster @ 12:36 PM PST [Link]
Sunday, May 30, 2004
5/28 We are removing the following charts from our watch list: ADRX, KEY, COF, SWK
Posted by Admin @ 07:25 AM PST [Link]
Friday, May 28, 2004
click here for EVG chart
5/27 We were long EVG from $38.32 on 5/26. Yes, in one day we got whipsawed out of this trade, but we respect our rules and with the TRSI and 3x3 crossed down, we take the exit trigger at $37.86 for a small loss of -.46, 1.2%.
click here for ProfitPoint newsletter (47k file)
Posted by Admin @ 03:33 AM PST [Link]
Thursday, May 27, 2004
5/26 We are long El from 5/24 at $44.55 EOD. We reached our 1st profit point today, so we are banking half at $45.75 EOD for a gain of +$1.20, 2.7%.It hit our 1st profit point in only 2 days! Nice trade so far.
Posted by Admin @ 05:45 AM PST [Link]
Tuesday, May 25, 2004
click here for ECA chart
5/24 We were short ECA from 5/21 at $40.14. Today, with the cross up of TRSI and 3x3, we exit at $40.64, for a small loss -.50, 1.2%. Like LEH we were whipsawed out in one day. Again, we respect our exit triggers and keep our losses small.
click here for ProfitPoint newsletter (46k file)
Posted by Admin @ 04:56 AM PST [Link]
click here for LEH chart
5/24 We were short LEH from 5/21 at $73.70. Today, with the cross up of 3x3 we exit at $74.56 for a small loss, -.86, 1.2%. We were whipsawed out in one day, but we respect our triggers and keep our losses small.
click here for ProfitPoint newsletter(39k file)
Posted by Admin @ 04:45 AM PST [Link]
Thursday, May 20, 2004
click here for VSH3 chart
5/19 We were short VSH from 5/14 at $18.16. Today the TRSI crossed up and triggered an exit at $18.15 for break-even. On 5/15 VSH hit it's 1st profit point and we didn't exit half as is our custom. Hindsight is always right as you know. At least no loss, so we move on.
click here for ProfitPoint chart (41k file)
Posted by Admin @ 05:55 AM PST [Link]
click here for IMCL chart
5/19 We were Long IMCL from 5/13 at $71.00. After going our way for 2 days, it slammed against us today. We had a stop loss in place for just this reason and we were taken out at $71.00 for break-even.
click here for ProfitPoint newsletter (41k file)
Posted by Admin @ 05:40 AM PST [Link]
Wednesday, May 19, 2004
Click for IMCL 30 minute chart.
The above chart shows intraday SK support at $73.00 and $71.50 .. The higher one held for a bit, then broke, which is not a good sign for the bulls. The lower one at $71.50 needs to hold or we will have a break-even exit at $71.00 .. The 30-min TRSI looks like it may aupport at 40, so there is a possibility of the SK support below to hold. Scalpers may consider longs in that area if TRSI crosses up. Unless the bulls really get on board, we may have an exit at P1 at best! The high profit-points look less likely, though some futured momentum can change this picture.
Posted by FibMaster @ 09:22 AM PST [Link]
click here for MGG3 chart
5/18 We were short MGG from 5/6 at $45.52. (We exited half on 5/10 at $41.90 for +$3.62, 8%). Today, with the cross up of TRSI, we close the remaining half at $43.40 for a gain of +$2.12, 4.6%. This was an 8 day trade--not bad, eh?
click here for ProfitPoint newsletter (44k file)
Posted by Admin @ 05:43 AM PST [Link]
Monday, May 17, 2004
click here for GDW chart
5/14 We were short GDW from 5/6 at $104.36. (We exited 1st half 5/11 for +$3.47, 3.3%). Today, with the cross up of TRSI and 3x3 on daily chart, we exit the 2nd half at $102.70 for +1.66, 1.6%.
click here for ProfitPoint newsletter (74k file)
Posted by Admin @ 03:41 AM PST [Link]
Friday, May 14, 2004
Click for S&P 30-minute chart.
The attached image show some key intraday Fib levels. With support down at recent lows, we have
a consolidation until it breaks out of that bracket.
Posted by FibMaster @ 06:43 AM PST [Link]
click here for KEY chart
5/13 We were short KEY form 5/10 at $29.40. We were triggered out today at $30.12 for -.72, 2.4%. We take the trigger and limit the losses.
click here for ProfitPoint newsletter (44k file)
Posted by Admin @ 05:38 AM PST [Link]
Click here for WB chart
5/13 We were short WB from 5/7 at $45.75. We exit today at $45.59 EOD for a small gain of +.16. The rebound after the initial drop is disappointing, but at least we don't have a loss.
click here for ProfitPoint newsletter (48k file)
Posted by Admin @ 05:25 AM PST [Link]
click here for UNP chart
5/13 We were short UNP form 4/30 at $58.93. (We covered half for +$2.74, 4.6% on 5/12). We closed the 2nd half today at $57.52 EOD for a gain of $1.51, 2.4%. It took us 9 days, but we'll take it!
click here for ProfitPoint newsletter (48k file)
Posted by Admin @ 05:14 AM PST [Link]
click here for GDT3 chart
5/13 We were short GDT from 4/26 at $66.16. (We covered half on 5/10 for +5.96, 9%)). We are exiting the 2nd half today at $61.85 for +4.31, 6.5%. This was a 13 day trade--not bad, eh?
click here for ProfitPoint newsletter (43k file)
Posted by Admin @ 04:48 AM PST [Link]
Thursday, May 13, 2004
click here for SGP chart
5/12 We were short SGP at $16.78 from 4/28. We exited today at $16.61 for a small gain of +$0.17, 1%. This is unfortunate, but we must respect our triggers.
click here for ProfitPoint newsletter(47k file)
Posted by Admin @ 04:50 AM PST [Link]
click here for ITW chart
5/12 We were short ITW at $85.98 from 5/7. We closed the 1st half 5/11 at $84.00 for +$1.98, 2.3%. Today we closed the 2nd half at $83.76 for a gain of +$2.22, 2.6%. Good gains for a 3 day trade!
click here for ProfitPoint newsletter (64k file)
Posted by Admin @ 04:37 AM PST [Link]
5/12 We are short UNP at $58.93 from 4/30. Today we close half our position at $56.19 for a gain of +$2.74, 4.6%. Daily indicators are still short, but unless this chart finds more bears soon we may have a trigger there too.
Posted by Admin @ 04:24 AM PST [Link]
Wednesday, May 12, 2004
Click for ES 30 min chart.
This chart is for our intraday chat traders. The images is a 30 -minute S&P chart, showing several SK resistance levels. I'm wathing for a potential cross down on the 60 minute chart, to signal shorting of rallies on lower time-frames. With the concolidation on lower time-frames, the 30 min TRSI is flat, causing me to watch the 60 min chart.
Look for the market to resist at any of those levels (red lines). Short on resistance near them, or long if those levels do not resist.
Posted by FibMaster @ 06:25 AM PST [Link]
5/11 We are short GDW from 5/6 at $104.36. We are covering half at $100.89 on 60 minute chart for a gain of +$3.47, 3.3%. Unless there is a further drop, we will likely exiting remaining half tomorrow. Nice gains for a 3 day trade!
Posted by Admin @ 05:07 AM PST [Link]
5/11 We are short ITW form 5/7 at $85.98. We are covering half at $84.00 on 60 minute chart for a gain of +1.98, 2.3%. Unless we get a further drop, we will likely exit remainder tomorrow. Nice profit for a two day trade!
Posted by Admin @ 05:02 AM PST [Link]
Tuesday, May 11, 2004
5/10 We are removing SWK from our watch list.
Posted by Admin @ 04:50 AM PST [Link]
Monday, May 10, 2004
MGG2
5/10 We were short MGG from 4/6 at $45.52. Today, 5/10, with the cross up on 60 TRSI, we are taking half off at $41.90 for a gain of +$3.62, 8%. Nice gains in 2 days!
Posted by Admin @ 03:25 PM PST [Link]
click here for GDT chart
5/10 We were short GDT from 4/26 at $66.16. Today, 5/10, we received an exit trigger for half position at $60.20 on 60-minute cross up near first profit-point, for a gain of +5.96, 9%.
Posted by Admin @ 03:08 PM PST [Link]
Click for S&P daily chart.
The S&P has been weak lately, but has reached an important support level. See the above chart, with red horizontal lines to mark major support areas. We may see a bounce from the 1079-1088 area. The chart is still bearish long-term, unless it can exceed the 1163 level.
Posted by FibMaster @ 06:18 AM PST [Link]
Sunday, May 9, 2004
Question:
Do you send email alerts to your subscribers on when
to enter a trade? or is the entry left on the general
guidelines you publish in your newsletters?
An email alert or something of that sort helps as I
have a fulltime job, and can't watch the charts all day.
Answer:
Entry and exit triggers are provided in advance.
Notification of a trade, either entry or exit, is made once a day after
the close.
Posted by Admin @ 07:41 AM PST [Link]
Friday, May 7, 2004
5/6 Due to consolidation we are removing NCC, LLL, and LLY (rallied above our shorting zone) from our watch list.
Posted by Admin @ 05:45 AM PST [Link]
Thursday, May 6, 2004
click here for VSH2 chart
5/4 We were short VSH from 4/13 at $22.35. (We closed 1st half on 4/29 at $18.50 for +$3.80, 17%). With the close up of TRSI today, we closed the remaining position at $17.99 for a gain of $4.31, 19.3%. Very nice gains on a 15 day trade!
click here for ProfitPoint newsletter (74k file)
Posted by Admin @ 04:13 AM PST [Link]
click here for ASML2 chart
5/4 We were short ASML form 4/12 at $18.65 (4/29 We took half off at $15.85 for +$3.00, 16%). With the cross up today of TRSI and 3x3 we exit the remaining half at $16.21 for +$2.44, 13%. Nice returns for a 16 day trade!
Posted by Admin @ 04:00 AM PST [Link]
Wednesday, May 5, 2004
click here for RCL2 chart
5/4 We were short RCL from 4/13 at $44.55. (We closed 1st half at $41.28 for +$3.27, 7.3% on 4/28). Today we close out the 2nd half with the cross up of TRSI at $41.65 for another gain of +$2.90, 6.5%. RCL has been very good to us!
click here for ProfitPoint newsletter (39k file)
5/4 We also closed ASML and VSH--will add details shortly
Posted by Admin @ 03:36 AM PST [Link]
Tuesday, May 4, 2004
click here for NCC chart
5/3 We were short NCC form 4/28 at $34.52 EOD. Today, 5/3, it closed up against us, so we exit at $35.00 for a 48 cent loss, 1.4%
click here for ProfitPoint newsletter (44k file)
Posted by Admin @ 06:17 AM PST [Link]
click here for PKI2 chart
5/3 We were short PKI from 4/15 at $21.53. (We closed 1st half on 4/21 for a gain of +$1.08, 5%). Today, 5/3 we exit the 2nd half with the cross up of 3x3/TRSI at $19.86 EOD for a gain of +$1.67, 7.7%. (look to previous post for ProfitPoint newsletter)
Posted by Admin @ 06:06 AM PST [Link]
click here for MGG chart
5/3 We were short MGG 4/28 at $46.81. Today, 5/3, we had a surprise surge, rallying above intraday resistance at $47.15, triggering an exit at $47.24 on 60 minute chart for a 43 cent loss, 1%. This is how we keep our losses small, exit when you get the trigger.
click here for ProfitPoint newsletter (44k file)
Posted by Admin @ 05:49 AM PST [Link]
click here for LLY chart
5/3 We were short LLY from 4/29 at $73.40. Today, 5/3, LLY closed up against us. We exited at $74.64 EOD for a small loss -$1.24, 1.6%. If it resists soon and returns below our trigger, we may enter again.
click here for ProfitPoint newsletter(46k file)
Posted by Admin @ 05:35 AM PST [Link]
click here for LLL chart
5/3 We were long LLL from 4/29 at $62.35. On 5/3 we exited on 60 minute cross down at $61.75 for a 60 cent loss, 1%. We respect our trigger for a small loss.
click here for ProfitPoint newsletter (124k file)
Posted by Admin @ 05:22 AM PST [Link]
Sunday, May 2, 2004
Fibmaster's ProfitPoint had another good month with April. Here are the numbers:
7 Non-triggered trades
7 Positive trades for +7.69
6 Negative trades for -6.41
Net gain +1.28
Posted by Admin @ 06:53 AM PST [Link]
