Two phrases come to mind here:
"When It Rains It Pours"
"POH’s They ARE The Only Pattern You Need To Know"
And folks? We got em, and we got em ALL. Every name on our watch list triggered POH’s All by the book ALL before the markets started taking off.As our dear friend Gary K would say- "It Doesn’t Get Better Than This"! All for a whopping 30.00 dollars a month, heck with the week we’ve had? Even at $100.00 a month it’s a steal. You know what we say right? You can’t get big by thinking small. Focus on what you want to accomplish and that is that. Focus Focus Focus plain and drilled in your brain simple.
Over the weekend we said:
"We have a lot of positive structure showing on the charts above.1. Potential Head And Shoulders Bottom
Remember a big part of what we do are alternative entry points. A good example is most novices will wait for the neckline breakout to the upside to buy, not us we use the small blue right shoulder channel lines to do so. By the time the novices see the neckline breakout the leaders are long gone folks not to mention we’ll be a lot further ahead of the game vs them.
2. Off the recent number 4’s listed in each chart above we have first thrusts up , now in POH’s (little blue lines folks)
3. Full Stoh’s closer to oversold than overbought
4. A potential ABC up with us being in B
All of this is positive if you ask us, now its just a matter of the market making the call. Should we bust above the small blue channels (The what I need to see to take a trade) then that potentially gets the ball rolling."
4-20 And from the looks of today’s action it seems the MARKET HAS MADE THAT CALL. We’ll see as we need to get through AAPL’s earnings, and today’s action has created a gap (we either fill it soon or later) If the market tanks on AAPL’s earnings? There is your gap fill. If that happens it also means that we take a hit on our AAPL call options. IF AAPL takes a hit? Well then we’d consider adding to our call option assuming the issue looks technically sound that is. Stay tuned for after the close. We will say this, with the last two day’s worth of strength earnings could (doesn’t mean they are) be being built in as we post.
4-18 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 long side 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.
The other three names that are high on our list to buy are PPO, ALLT, PANL
4-20 And that is exactly what we’ve been doing every day. Now? Gosh we are there and probably the hardest part of what we do now takes place. Care to guess what that is?
DO NOTHING.
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LONG SIDE WATCH LIST
If I were to put money to work here. Where do I put it?
4-15 NOTE: It’s earnings season, so be aware and make sure you know when that is to occur.
Now that EVERY NAME ON OUR WATCH LIST TRIGGERED All of the names here get moved to the featured list.
This now leaves us with very little on the long side watch list, what we’ll be doing is scanning and also doing nothing but watching and managing our current positions. At least for the day that is.
SDS 4-18 If the market takes off to the upside this issue gets deleted from the watch list, it also means that those who are long this issue will get stopped out.
4-20 GETS DELETED
=====================================================SHORT SELL WATCH LIST
NONE
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.
Long side
ALLT
4-18 It’s all about an upside crossover of the Pink line, its all you need to know for a longside trigger.
4-20 And here we are, the pink line was all you needed to know, all in advance folks, that’s called doing your homework and letting them come to you.
DANG
Off to the races!
ILMN
4-17 It’s all about an upside crossover of the Pink line to the upside to go long.
4-18 See the upside crossover of the pink line? Neither do we, hence nothing to talk about today.
4-20 There you have it, the pink line poh’s strike again.
PPO
4-17 Building out a POH and tightening up here! Thats a good thing
This name is high on our list.
4-20 Sure enough, the face of fear was the right time.
PANL- POH developing.
4-18 And here we are coming close to the 50 day and trend channel support. Should this issue tag that level tomorrow? We’ll have to consider picking a little off to be there. Look close off the highs, see an AB with todays action being a C wave down?
4-20 Sure enough the face of fear in the 48’s was the ticket.
SLV
And by popular demand below is GLD
4-18 You know at some point both this issue and SLV will either pullback or go sideways to consolidate this recent move. Consider yourself being made aware. No biggy at this point though.
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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
ALL MAY Expriation Folks
Current Holdings
MOTR (We are now long 3 MAY 10 Call Options to open at 3.50)
As we post they are currently at 3.70
AAPL (We are now long 1 MAY 305 Call Option to open at 26.90)
As we post they are currently at 40.55
DE (We are now long 1 MAY 85 Call Option to open at 9.40)
As we post they are currently at 9.85
PAY (We are now long 2 MAY 46 Call Options to open at 7.40)
(We are now long 2 MAY 46 Call Options to open at 8.10 from this morning)
As we post they are currently at 7.70
CAT (We are now long 1 MAY 95 Call Options to open at 12.80)
As we post they are currently trading at 13.60
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CURRENT POSITIONS
"Let Your Stocks Tell You What To Do By The Action They Exhibit"
LONG SIDE POSITIONS
BSFT (We are now long 300 shares at 42.89 as of 4-20-11)
SPRD (We are LONG 300 shares at 21.17 as of 4-18-11)
SWKS (We are LONG 200 shares at 25.59 as of 4-18-11)
DE (We are LONG 150 shares at 93.54 as of 4-15-11)
CAT (We are LONG 150 shares at 107.35 as of 4-13-11)
PAY (We are LONG 200 shares at 52.00 as of 4-12-11)
MOBI (We are LONG 250 shares at 12.39 as of 4-11-11)
4-20 A few days of consolidating up here at the highs ought to be expected
MOTR (We are LONG 300 shares at 13.15 as of 4-13-11) (We are LONG Another 300 shares at 13.35 as of 4-20-11)
AAPL (We are LONG 50 shares at 331.40 as of 4-11-11)
4-20 Earnings after the close, it’s sink or swim for us. We are going to stay with this issue through earnings. Those who have multiple call options MAY want to consider practicing a little virtual portfolio management and selling off one of those calls and lock some gains on some. It’s that happy medium if you will – If it keeps going? You still havesome, if it rolls over at least you locked some in at a higher price. Your choice, we are going to live or die by the next 24 hours sword with ours. If they tank it? We’d consider adding to our position. If it pops? We will most likely not look a gift horse in the mouth and lock in gains.
4-18 How about that, who knew it would come right down to the low end of our support zone that has been in the chart for weeks and bounce off of it. Thats fast markets for you. We bought a call option on this issue today all in the face of fear. Of course fast markets took precedence and had we waited a half hour? WOW we could have had all we wanted in the 321 level now in the 344 level.
SHORT SIDE POSITIONS
BIDU (We are now SHORT 100 shares at 127.81 as of 3-23-11)
We’ll stay short this name here as it’s still a nose bleed name
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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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SUBSCRIBER ONLY WEB SITE
Don’t forget you can view updates in the middle and the end of each trading day complete with current charts, along with our current performance at our subscriber only web site.
