Yesterday, there was a list published in a well known journal of stocks that had big moves. They published the good news... and the bad news. But, it was all good news for MarketClub members that were tracking these symbols. I decided to go through each of the published stocks (I did not remove nor add any). Here is the list...
â–º I took start positions from the last monthly triangle, and used weekly triangles for outs, ins, etc.
â–º I did not take into account setting stop positions
â–º Assumed that each open position could be liquefied at analysis time of 1:20 PM on 8-14-07
| How: We entered on a monthly trend change, March 1st @ 29.57. From there we used the weekly chart to exit and re-enter. We had 4 exit and re-entries within the same trend movement. Liquidated price= $22.50 |
| How: The monthly trend triangle was issued on 8-10-07 suggesting that traders take a long position @ 106.23. There were no conflicting signals on the weekly chart, so this position would simply be held. Liquidated price = $114.00 |
Cisco (NYSE:CSCO) : + 1.97 /share, +6.9% Gain
| How: The monthly trend triangles signaled a positive change on 7-6-07 suggesting a long position @ 28.48. There were no conflicting signals on the weekly chart, so this position would simply be held. Liquidated price = $30.45 |
| How: The monthly trend triangle was issued on 7-18-07 suggesting to take a short position @ 11.5. There were no conflicting signals on the weekly chart, so this position would simply be held. Liquidated price = $8.36 |
Goldman Sachs (NYSE:GS) : + 32.19 /share, +13.5% Gain
| How: The monthly trend triangle was issued on 7-24-07 suggesting to take a short position @ 203.29. There were no conflicting signals on the weekly chart, so this position would simply be held. Liquidated price = $171.10 |
Home Depot (NYSE:HD) : + 2.37 /share, +6.2% Gain
| How: The monthly trend triangle was issued on 8-1-07 suggesting to take a short position @ 36.72. There were no conflicting signals on the weekly chart, so this position would simply be held. Liquidated price = $34.35 |
| How: The monthly trend triangle was issued on 8-1-07 suggesting to take a short position @ 88.11. There were no conflicting signals on the weekly chart, so this position would simply be held. Liquidated price = $80.31 |
| How: The monthly trend triangle was issued on 7-26-07 suggesting to take a short position @ 18.84. There were no conflicting signals on the weekly chart, so this position would simply be held. Liquidated price = $14.17 |
Average Return = +11.8%
Don't Believe It?
Members
You could have caught these moves by using the "Recent Trade Triangle" search... use the monthly to determine changes in trend. You may also use this as an initial entry point, which is what we did above. Just make sure you choose your equities and time frame filter.
NON-Members
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Members, Non-Members & Guests,
Feel free to call me, or email me with any questions. Good luck in life and trading!
