Sorry for the lack of posts on my part, and thanks to Tom C. for some great charts. I am doing some consulting work and part of my agreement is that I don't post charts and technical analysis on public forums until the end of the engagement. So I will be absent through June, but Tom C. will be pos ... Read more

Posted by Tom C. Since it is a short week, I am tending to a lot of personal business. It is likely this will be my only post until next week. Here are two charts - one from Tuesday and one from today. GG was a "reversion to the mean" trade. It gapped down and printed four strong bars, with th ... Read more

Posted by Tom C. I thought I would post a few charts ahead of the long holiday weekend. Analysis is brief, but you guys know the routine! IRE gapped up (yesterday) and traded in a narrow-range for the first 2.5 hours of the morning. The 12th bar rallied off of the 8EMA and closed above the OR hi ... Read more

Posted by Tom C. SLT was a great setup. Here is what I saw/did: 1.) A gap up, orderly pullback, and move back into the upper half of the morning's range with bars 7-10. 2.) Bar 10 touched the 8MA and closed bullish. 3.) My Fibonacci lines were plotted in classic X-style - from the previous day ... Read more

Posted by Tom C. I received a lot of positive feedback on the "reversion to the mean" trades I posted. FCX was a good example of that setup today. It had a lot going for it - the first four bars put in a nice bottom, the 4th bar was a hammer, and the 4th bar also closed above the 50% level of th ... Read more

I am not a fan of Mark Cuban a lot of the time, but I respect his business acumen and success. Over on his blog he made multiple posts on "Success and Motivation", and they are well worth reading. Not just for the Michael Dell and Bill Gates stories, but for a look at how he built his business wi ... Read more

Posted by Tom C. POT was a good setup - it gapped up and made a nice run. I plotted my Fibonacci lines in the classic X-style - the opening range (OR) high (the high of the first 30-minutes) to the previous day's low. The 9th bar closed above the OR high, and had solid support from the rising 8EMA ... Read more

Did anyone see the new Star Trek? Reviews? Good or bad? _______________ ... Read the full post ... Read more

Posted by Tom C. PRU was an interesting setup. It was a little higher-risk as I would have rather seen it bounce off the 50% retracement rather than close below and then - on the next bar - close back above it. Nonetheless, I liked the bounce off the 8EMA, and the gap and move up during the open ... Read more

VRX presented a "perfect pullback" setup Tuesday. It gapped up and pulled back to the 50% retracement of the morning's range. It found support at that level as bars 6, 7, 8, 9, and 10 all failed to close below it. The tenth bar was a "hammer-type" candle, and for those of you who enjoyed Tom C.' ... Read more