January 9th...more could have's

Well, I am nearing the end of the speculative chart work now. So this may be the last one...perhaps one live one for Monday if my account doesn't get linked to my platform until sometime on Monday.

So let's take a quick look at Friday. I set the pivot points up as usual:
Dark blue is the previous close, Light blue is the primary pivot point,

Green are S1-3, Red are R1-3
Averages - Red 30sma, Blue 50 sma, Green 200sma

Green arrows are buy and red arrows are sells

Capped Energy chart

The move off the start is a rather steep selloff and would indicate some good shorting opportunities and I would jump over to HED to take advantage of those, but first let's look at the TLM chart.

Activity here didn't start until late into the morning as the p;rice bounced off of the S1. I don't mind holding this one through some pullbacks as the price difference is slow and not large, having said that the exit just before 1130h is mainly due to the swings and failure to get any closer to the nearing 200sma. I may have jumped on the previous pullback but it is hard to say without being there live. Second trade is pretty standard but deviates from a pure PP200 a bit. Trade three is right on the money and as the price cleared the 200sma so well it would be worth holding for at least the PP target. Again the price is not that volatile so it is OK to risk holding it through some of these pullbacks.

Buy $12.46 Sell $12.60 Gain 14 cents ps Return 1.1%
Buy $12.50 Sell $12.62 Gain 12 cents ps Return 1%
Buy $12.47 Sell $12.72 Gain 25 cents ps Return 2%

$0.51 gain per share or 3.1% overall return on trades

300 shares traded for $153

Now to HED for the "short" action

Based on the Capped Energy chart this was really the only decent trade as this entry corresponded with Energy falling through it's PP...as the PPs more or less line up with this fund it makes the trades fairly easy. With Energy leading this the trade is worth holding through the small pullbacks.

Buy $16.45 Sell $17.00 Gain 55 cents ps Return 3.3%

$0.55 gain per share or 3.3% overall return on trades

200 shares traded for $110

SU can only be traded for 100 shares per trade so it will not be prime on my list anymore but is worth watching yet at least to keep it in my list for some time when I can trade multiple lots.



Long positions were hard to find on this one. I may not have even made these trades at all if I were only watching SU or I may have tried and lost on a couple of trades before giving up. Only trading 100 shares makes this a tougher one to make any real headway on as the volatility is not that great.

Buy $28.05 Sell $28.40 Gain 35 cents ps Return 1.2%
Buy $27.60 Sell $27.76 Gain 16 cents ps Return 0.6%

$0.51 gain per share or 1.8% overall return on trades

100 shares traded for $51

Jeff.