Smart Chart Investor

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

Trade Alert

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Most world stock indexes continue to grind higher. All is well. Continue to hold open positions. One of my subscribers asked about Goodyear Tire&Rubber Co (GT) a couple of months ago. I recommended waiting for price to fade back into intermediate support. Goodyear Tire & Rubber Co (GT) weekly ​​​​​​​ Price has done just that and bounced. I'm recommending a buy on GT. Closing price on Monday, November 20 was $30.65. Our first target is $36.00. Our risk is closing below in … [Read more...]

Jethro, Black Gold and Texas Tea

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I recently read an article about Jethro (Hillbillies) and he's still kicking and playing lots of golf. I do like Jethro Tull too. I think I'm showing my age. Bublin crude is gettin' its bid on. Is it time to buy some? Let's drill down a little and test what's underneath the surface. SPDRs Select Sector Energy ETF (XLE) monthly ​​​​​​​ Looking at the monthly chart of XLE it's easy to see the trend from 2003 is upwards albeit with two massive 50% corrections along the way. Prima … [Read more...]

Evidence based investing

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This is a good article by Peter Lazaroff on his take attending The Evidence Based Investing Conference. https://peterlazaroff.com/2017/11/06/highlights-from-the-evidence-based-investing-conference/ You should read it. I'm not sure what is more evidence based than technical analysis with good risk management. Enjoy the read. https://peterlazaroff.com/2017/11/06/highlights-from-the-evidence-based-investing-conference/ Trade Smart, Don … [Read more...]

[Trade alert] The Rip Goes On

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Price action is "risk on" as they say. It's time to get more aggressive. But first, let's get rid of XLP, the only current loser in our open portfolio. SPDRs Select Sector Consumer Staples ETF (XLP) daily ​​​​​​​ Recommended two weeks ago and down about 2.5%. This defensive trade is off due to support violation. Looks like money is flowing out of toilet paper and into toilet paper delivery companies...think AMZN...the one that got away...for now. Sell XLP. Review of all other op … [Read more...]

A very quick note

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This is a big week for earnings therefore the market is a bit volatile. No trades this week. Continue to hold all open positions. Trade Smart, Don … [Read more...]

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