Mid-Day Update

Well from the looks of the action in many of the leading names out there it seems as thus far the market feels the same as we do about the spit in the "We The People’s" face with a token STOP THE SPENDING of our money! amount they all settled for.

Over the weekend we said:

We’ve got what looks to be a POTENTIAL ABC up in play with us being in the B wave.

Keep in mind in both charts the 50 day averages are mentioned and really not to far away and ought to contain and pullback, but we’ll see.

This is still the case when we look at the 1 minute charts and the 60 minute time frequency charts.

As you can see both of the above are still Pulling back Off recent Highs

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Game Plan For The Week Of April 11th Thru 15th

4-11 We want to focus upon the names that are in clearly defined uptrends pulling back off highs with structure we can work with on the longside all the while managing our current holdings. In order to do that we’ll want to use weakness to pick off some names on the longside. AAPL is looking pretty decent here and can be considered "In The Zone" give or take 5 points. MOBI is FINALLY taking it on the chin and here too we can use the weakness to establish a small position in order to "Be There"

As for the VXX and our short exposure, we’ll monitor them accordingly. All three of them though are still for the most part extended vs our names on the watch list hence a market of stocks and something for everyone.

VXX and SDS are two names that are more for a hedge purpose and we may have to continue to sweat them out and cycle back around, of course this assumes we dont fall on our face from here, if so? we are there and will enjoy the ride.

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LONG SIDE WATCH LIST

If I were to put money to work here. Where do I put it?

MOBI
NEW NAME

11-11 Well its looking decent here for those who like to buy weakness, See the 20 day moving average? keep an eye on it. We’ll be using this weakness to pick a little bit off in here just to be there. Remember as long as its above the 50 day its in an uptrend, that 50 day defines the trend and your risk.

11-10 With MOBI any pullback and we’d be fine picking some off on the longside. Expect a token trade trigger alert on this one today too, most likely. When we say token we mean a half position. Lets say if it takes off from here we are there on some, if it goes lower from here? At least we didnt committ the whole amount and can add to it.

MOTR
NEW NAME

With MOTR its all about an upside crossover of the pink line.

ILMN
NEW NAME

4-11 Looking pretty tight in here, keep this one high on your list.

4-10 Its all about an upside crossover of the Pink line to the upside to go long.

PNRA
NEW NAME

4-10 Any weakness as long as it stays above the 50 day and blue line is fine by us. The 50 day defines your risk.

PPO
NEW NAME

ADTN

We’ll delete this name here as we’ve got enough names to keep us busy, we’ll keep watching it internally though.

CPX

We’ll delete this name here as we’ve got enough names to keep us busy, we’ll keep watching it internally though.

CVLT

We’ll delete this name here as we’ve got enough names to keep us busy, we’ll keep watching it internally though.

PAY

NEW NAME

4-11 Watch that 50 day average!

4-10 Locked in a channel pulling back off highs (POH) to the 50 day and trend channel support. Its as simple as that. Any weakness as long as it stays above the 50 day is fine by us to consider going long on.

BSFT
Back On List

AAPL
BACK ON LIST

4-11 Expect a longside trade trigger alert on this one today, why? In the zone and willing to sweat it out while in the zone. Another way to look at it is that buying here sure beats buying it in the 360’s when everyone had to have it , as you can see the market obliged by letting them have it but not the way they wanted it I’ll add.

4-10 Any opening weakness and we might just take a little to be there. Should this issue break support and head to the blue line in the 300 level after we buy it? Who cares, it basically amounts to about a 10% loss. BUT this is the kingpin of all stocks in the market, think that 300 supprt level wont stick? Odds favor in that event it gets defended. Of course this assumes it were to fall out of bed the next few months anyway.

Last week we said:
This issue ought to be interesting the next 2 weeks. Know why? Well if it sells off its selling off into earnings which is just what we would want to see. A move down to support would be nice HOWEVER we are not the boss, the market is. This issue is going to do what its going to do and we have no control over it. Thats a key to success in the market by the way- Knowing what you have control over and what you dont.

All we are saying is what we’d like to see/need to see to get us interested in this issue on the longside again. If it happens? Great we can work with that. If it doesnt? it on to the next stock.

SDS

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SHORT SELL WATCH LIST

Consider this section of the newsletter the "Get The Gun Loaded" and be prepared area for you forward thinkers.

ARMH

Its all about a downside break of the pink line.

GEOI

4-11 Well there ya have it, a retest of the highs and a trendline break to the downside now at the 50 day. This name gets deleted

Featured But Not Trade Triggered By Us

This is where names that we have on our watch list that have triggered but for whatever reason we did not take them (can’t do them all) in our trade trigger alerts. This section is because a lot of our subscribers opt to use our information as they see fit from a do-it-yourselfer standpoint.

Short side

BRY

4-11 Just sitting here, this name will probably get deleted to make space.

XLE

Long side

SLV

4-11 Bottom line? EXTENDED

And by popular demand below is GLD

4-11 See any POH the last few days? Neither do we, extended. Show us a POH and we can talk about this one and SLV but for us technicians not here not now.

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All About Options In The World According To All About Trends

NOTE: The exchanges recently started WEEKLY EXPIRATIONS of options. Going forward, make sure that you check to see which ones you are buying. Let’s stay with traditional options expirations which are the ones that expire the 3rd Saturday of every month.

Options Watch List

4-7 NOTE: being this close to April expiration we will now be looking into MAY expiration from this point forward.

Current Holdings

CLF (We are now long 1 APRIL 110 Put Option at 12.25)

As we post they are priced at 11.00
We need to be out of these by Friday, use any weakness to your advantage.

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CURRENT POSITIONS

"Let Your Stocks Tell You What To Do By The Action They Exhibit"

LONG SIDE POSITIONS

APKT (We are LONG 150 shares at 70.67 as of 3-28-11)

4-7 I’ll tell ya what, we see any retest of the highs and we’ll lock our gains as fast as possible. For those who dont want to babysit or stay glued to a screen alday you can always place an order to sell at 76.97 ish. I think its called a LIMIT order. You want the one that is only at the price you state or the one where it becomes a market oder to sell when it hits a certain level. In this example 76.97. With me?

From here what we will want to do is set a stop at breakeven on the issue SET YOUR STOPS ACCORDINGLY for those who werent fast enough to walk away at this mornings highs. For us? Any strength and we’ll want to consider walking away and calling it another day.

VXX (We are now LONG 300 shares at 32.58 as of 3-23-11)

4-6 With the indexes spitting distance away from a full blown retest of the highs it stands to reason that this issue is near retesting the lows. This is a support level much like the indexes are sitting at a resistance level. This issue typically trades inverse the indexes. Its also a play on Nervous Nellies fear.

Exactly the kind of action we want to see at a major support level. One day at a time folks one day at a time.

SHORT SIDE POSITIONS

CLF (We are now SHORT 125 shares at 98.16 as of 3-31-11)

NFLX (We are now SHORT 75 shares at 220.19 as of 3-22-11)

4-11 Really taking it on the chin here today. Gosh another day or two like today and we’d be apt to lick our wound at break even and find another pond to fish in. After all the 50 day is at 220.

4-10 So what happens if this issue continues to sell off into earnings and down to the 50 day. We’d fold on out position at that time. What happens if the market takes off like a banshee on earnings season? Well we may have to make a decision as to hold or fold and stop out. Same goes for BIDU below.
4-6 AWESOME, here too exactly the action one wants to see at resistance and a potential double top.

3-30 Resistance and MAY be forming a double top.

BIDU (We are now SHORT 100 shares at 127.81 as of 3-23-11)

4-11 Ugly, but the point in want to say today is- hows that for a pop and drop at the open. What I’m trying to say is anyone who bought it at the open from an emotional standpoint is down on it.

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To our NEW SUBSCRIBERS

What we’ve tried to do is break our watch list down into chart pattern recognition structure from a visual standpoint. Learn the patterns and the components of patterns and you’ll blow those Wall Street MBAs away. You don’t need a $3,000 software program either. All you need is a BURNING DESIRE to be the best that you can be and we’re here to help.

We have a lot of new folks here and we thank you! We want you to take it easy, get to know how the routine works around here for awhile and to feel comfortable.

We hope you all aren’t here because you are chasing performance. For us it’s more about educating and making you the best you that you can be first (that’s what we focus upon!). Like many of our long time subscribers they have all found out that they have no use for traditional Wall Street (and we don’t blame them) and it’s our hope that over time you’ll have acquired enough knowledge from us to say the same with conviction.

One of the most important things we want to stress is that of RISK MANAGEMENT via POSITION SIZING. You don’t need to stack your account with just a few big positions as we’ve seen it time and time again that those who get into trouble are the ones who take large positions and do not employ any risk management system IE shoot for the fences. Those are the people who live on the fringes of extremes and yes ultimately get burned.

As a guideline a good initial system is that of the following example.

Let’s say you have a $100,000 virtual portfolio and let’s say that as a guide you never place more than 10% ($10,000) into any one position. Now let’s say that one day a news driven event hits (over which you have no control over anyway) and one of the positions tanks 20%. On its own that position is sporting a $2,000 loss, while that may seem devastating on its own its really no big deal overall.

Why? Simple its all about risk management being properly employed. What is the impact of a $2,000 loss to the TOTAL VALUE of the virtual portfolio in this example.

Answer: A whopping 2% LOSS. Now you know why we say no big deal.

We can also tell you new people here that you will get stopped out of names and you will take hits. There is nobody on the planet living that has ever hit 18 holes in one and there never will be. We’d rather get you grounded in reality right away vs talking about pie in the sky all the time like a lot of other sites. In so doing your head is screwed on straight from the start and when those days happen (and they will) mentally it won’t mean a thing to you. To us that’s what’s most important is YOUR state of mind as it’s your most important asset. We hope you appreciate our honesty.

We have a very good retention rate here at All About Trends and a lot of great outstanding people here. We like to think that a part of that is being upfront about what can happen (in both directions). Verses those up 500%, I turned $50,000 into $3 million or some other absurd number to get you to bite. That’s not who we are.

WELCOME ABOARD!

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Lastly with regards to taking any trade:

Remember the moment you take a trade you are at the mercy of the market and have no control except when to sell. If you are not willing to take the risk and are not willing to pay that price do not take the trade. We are willing to take that risk knowing full well the end result could be a loss. That said make sure that virtual portfolio management trade size is used accordingly. With any position you may take make sure that should something go awry the amount of total impact to your account does not devastate your acct. Try to stick to a 5% position That’s the key to virtual portfolio management, not biting off more than you can chew.

Remember the mechanics of reality with regards to the stock market states a stock can only do one of three things: Up, Down, Nowhere. The moment you hit the enter button you are at the mercy of the market therefore the only control you have is when to sell/cover. You can’t manage your gains as you have none to manage initially. Knowing this in advance it allows you to stay in outcome, that being you will either:

1. Make a gain
2. Wash
3. Get stopped out at a loss

Remember the market IS the boss. IT is going to do what IT wants to do.

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