"I have been a subscriber since February and have really enjoyed your service. Your analysis of the markets is excellent and the mid-day, mid-week and weekly updates/newsletters really help take the emotion out of trading.
The charts together with the information are really informative and educational. I have traded stocks in the past but never to the degree of correct entry and exit points that I am able to do with the help of your alerts.
I appreciate the service you are providing for those who prefer to manage their own money.
Kind Regards
Pinder"
Thanks Pinder! It’s all about helping you be THE BEST YOU THAT YOU CAN BE. That goes for ALL of you.
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Housekeeping: Today’s mid-day update is your weekend newsletter. After the week we’ve all had a much deserved break is at hand for all of us. If you don’t pay yourself off with some time off nobody else will. If you’re going to be out and about at parties etc. then we need you to do 2 things. ONE is Drink Responsibly (that’s if you drink that is) and TWO is feel free to tell your friends about us, we won’t mind.
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Say it with us! Pullbacks Off Highs and grand slams to the 50-day average are the only two patterns you’ll ever have to know. Be it in uptrending markets or even in markets where some would say "Market In Correction"
Let’s review with some charts of our current holdings
IPGP
INFA
SFLY
ILMN
Look at each one. What do you see? For the most part they are all issues in uptrends and above the 50 day average. They either completed a pink line POH or they pulled back to the 50 day or a prior support level. It’s really as simple as that. No need to make life any harder than it is by thinking things through too much.
In addition to the above make sure you check out our current watch list err shall we say the "Featured But Not Trade Triggered By Us List" as the bulk of them all triggered and have moved away from prime entries.
Remember all the while the markets are in a correction this took place. This IS the reason why we eat, sleep and live the statements of:
"Let your stocks tell you what to do by the action they exhibit"
"We trade what we see, not think, hear or fear"
On to the indexes
First off in the daily frequency it’s all about the pink downtrend channel. An upside break is what we need to see.
In the 60-minute time frequency take a look at PLCM first. See the downtrend channel? See how it broke above it? That’s exactly what we need to see happen here with regards to the indexes. Of course should we get some rip roaring to the upside from here over the next few days does anyone care to guess what our favorite newspaper is going to say?
Follow Through Day and it’s now ok to consider buying stocks. We say? Really? Most have already moved away from prime low risk POH enty points as shown by the weeks we’ve ALL had here. This is what we mean when we say: ALTERNATIVE ENTRY POINTS
Note: Some of you will observe that the Full Stoh’s on the daily charts are deeply oversold yet on the 60 minute charts are overbought. Why is that? Simple, those are two different time frequencies we are dealing with here.
Have a great SAFE weekend! See you all Tuesday
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Short Side Coming Attractions
NONE and for good reason
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LONG SIDE WATCH LIST If I were to put money to work here. Where do I put it?
"Only The Best And Forget The Rest "
"We Trade What We SEE, NOT What We Think, Hear Or Fear "
Remember the name of the game is Pullback Off Highs (POH) as it’s the only pattern you’ll ever need.
SINA
NEW NAME
Well there you have it! But we got that little prior high from a few days ago to deal with here now.
Same goes for BIDU below
BIDU
NEW NAME
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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
ABV
ACOM
OXY
5-24 Yesterday’s note pretty well sum it up.
5-23 All the conditions are ripe here. At support and well oversold
GLD
Bounced off of the green trend line.
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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 — Nothing new at this point
Current Holdings
IBM (We are now long 2 JUNE 160 call options to open at 7.30)
As we post they are currently trading at 8.40
ILMN (We are now long 2 JUNE 65 call options to open at 6.30)
As we post they are currently at 7.40
SFLY (We are now long 2 JUNE 50 call options to open at 5.40)
As we post they are currently are 8.30
CAT (We are now long 2 JUNE 95 call options to open at 11.10)
As we post they are currently at 10.40
AAPL (We are now long 1 JUNE 320 call option to open at 22.30)
As we post they are currently at 18.80
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Let Your Stocks Tell You What To Do By The Action They Exhibit"
LONG SIDE POSITIONS
ILMN (We are LONG 200 shares at 70.59 as of 5-25-11)
Shown Above
SFLY (We are LONG 200 shares at 54.24 as of 5-25-11)
Shown Above
5-26 Following through to the upside, watch that 60 a share level as its a small resistance level.
PLCM (We are LONG 200 shares at 54.65 as of 5-17-11)
Shown Above
AAPL (We are LONG 50 shares at 338.15 as of 5-5-11)
5-24 Look close, the last week or so looks like a potential retest of recent lows. It COULD be one of those back to the scene of the crime retests.
Call it "In the Zone" Again.
CAT (We are LONG 150 shares at 105.15 as of 5-5-11)
5-25 Like we’ve said support levels are a "Zone"
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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.
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