Smart Chart Investor

Beyond Buy and Hold: Using Technical Analysis to Reduce the Risk of Long-term Investing

Part 2 of Review and Some Exits

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Hi Again, Continuing the review we started yesterday. To recap, every one of the trades highlighted yesterday is profitable. The majority we will cover today are also profitable. There a few sell recommendations as well. Let's get to the charts... Baozun Inc (BZUN) daily Up 21% from my entry recommendation and up 31% from my May 6 recommendation to take partial profits Agios Pharmaceuticals Inc (AGIO) daily p 13% on my partial exit recommendation and down 16% remainder. I am … [Read more...]

Four Month Review and Near Term Outlook

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Hi Everyone, Here is what I'm thinking/seeing this week... The S&P 500 Index ETF (SPY) closed below support from late January for the first time on Tuesday. The uptrend from the December 24th low has likely reversed, as it should. It was just unsustainable at the trajectory it was on. Because of the steep almost five month rip off the bottom the resulting dip should steepen from here.  Friday's price action traded the entire range of the new descending channel that has been formed this … [Read more...]

Dip and Rip

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If this is the beginning of the dip here is where to look for the bottom. Just one chart today. Dow Jones Industrial Average ETF (DIA) weekly Got dry powder for the rip? Don … [Read more...]

My Guides My Confidence

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Just charts, well mostly...here's what I'm thinking... Selling It is really hard to sell into strength and really easy to sell into weakness. When a stock is ripping higher you don't want it to end so it's difficult to pull the trigger and capture profits and when a stock is cascading down you are just hoping it turns around. Right? This is the bane of the retail investor. The Charts This stuff ain't easy for professionals either. If they are any good they have an edge. I have an … [Read more...]

Three Good Charts

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First of all, CONGRATS to all those who bought GBTC when I recommended it on March 4th. It's up about 60% since and still looking good. Tracking bitcoin baby. I am accumulating on dips. See chart below. Grayscale Bitcoin Trust (GBTC) daily The major averages are in nose bleed territory. Price action is compressing into/at all time highs. Be careful up here. While I still think a Big Dipper is out there before summer, longer term (12-18 months) price action looks really good which lines up … [Read more...]

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