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Preview: Trading 4 Living-get TOMORROW's movers TODAY

Trading 4 Living-get TOMORROW's movers TODAY

Updated: 2018-03-06T06:25:09.461-08:00


The pullbck is over?


We are at the resistance after a soft less than 4% decline.  I really have no idea where the market will go next, so light positions should still be suggested.  Or cash until we get our trend back again.



QQQ had 3 distributions in the last 10 trading days, time to be more cautious!

Updated: TSLA


I am cashing out this baby, will get it back once the market stabilizes.

Updated: TSLA


TSLA just keeps running!

Updated: XRS


Chinese education ADRs have showed relative strength, one of them is XRS.  EDU broke out as well.



CSII is breaking out today.



The Nasdaq barely regained the 10EMA, TSLA is breaking to the new high with strong volume. 

A minor hiccup?


After absence of break out setups for less than a week, I've got more than a dozens of them tonight, which makes me think this week's decline, only a minor hiccup in a longer term bullish trend.  It seems that Japanese market's 12% drop has washed out weak hands and now some of previous leaders are ready to burst out again. 



QIHU has been performed very well for a Chinese ADR.  I will probably re-visit it once the market stabilize.

Shorts? Not yet.


Someone may want to ask if I loaded shorts in a down day like this.  My answer is no, because stocks do not go directly from an uptrend to a downtrend. there is usually a noisy range-bound period of distribution in between.  In a such consolidation period, both longs and shorts got whipsawed. I will not be surprised to see a strong bounce tomorrow, which will make today's short sellers not so professional:)

What will happen after today's selloff?


As I have been warning the top is near, today the market sold off with a outside reversal day that signals a top.  According to bespoke, there were only 2 times S&P 500 hit all-time high and closed down more than 1% from that high and they were 10/11/07 & 3/24/00.  That was pretty scary information!  Since I don't have a crystal ball, I can't forecast this is the major top as the last two times, but I am pretty sure this is a top of some sort, maybe a short term one, maybe a longer term one.  Who knows.  What I do know is to tighten the stops and be extremely selective of your picks, as the market will get tougher from now on.

Nikki, near the end also?


This is the monthly chart of Japanese stock market.  You can see it is quickly approaching the long term resistance, which is very similar to our Nasdaq chart I posted down below.  I am not calling a top, since I am a trend follower.  But the chance to break out after such monster run is limited, I will apply same strategy as I trade the Nasdaq: tighten stops! Prepare for a lengthy consolidations.

Near term cautious


Once the garbage stocks like YGE, LDK, JASO, STP are flying, it is time to scale back.  Selling into optimism is always good idea!

Updated: CSIQ


CSIQ reached the target today, 70.8% gain in 8 trading days!



The solar secter has been on fire lately, one of them is CSIQ, which has been a huge winner for my newsletter subscriber and I think more upsde is still ahead!

Where is the end?



The Nasdaq has been in a steady uptrend for a while. Where will be the spot to jump off the train? I offer a possible turning pt, which is about 100 pts above.

It has been long time!!!!!!!!!!


Fuck, I am back!!!!!After blocked in China, I finally found a way to go around the Great Wall. I just need to pay over $2 a month for a VPN, which enable me to access Twitter and Blogspot. What a fucking dumb ass I have been. So I am back with vengence! Let's start posting charts!

Have you held it?


The following is from my Wednesday's newsletter, "Some volatility is normal, I still think we have further upside. But more decline will change my bullish stance". Last week some traders I watched got scared and went short, which was understandable, but too early and plainly wrong. My model said to cut some losses, at most. And that is what I did. Sold some to raise capital and ready to jump back in. This week I think we rocket higher!

Santa rally underway?


It looks the consolidation is over and the train is about to leave the station!



CMTL has been a steller performer.



SBH has been a nice performer for my members.



Currently the only long position in my newsletter is MCP.

Crisis is over?


The market has been digesting the recent gains and waiting for the resolution from out government.



LNKD has held very well lately.

Great escape


That is why you have to have a stop in place!