Smart Chart Investor

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

Market Updates

Part 3 of Review

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It's me again... The S&P 500 Index ETF (SPY) is falling apart like a bad burrito. This is the dip I have been expecting and writing about for weeks. Truckers, it's going to get steeper and likely level off around SPY 270. This is where I would like to get aggressive again. See 15 min SPY chart below. S&P 500 Index ETF (SPY) 15-minute Continuing the review...the following entry recommendations are very recent (last 3 weeks) and getting sucked down with the broader market sell of … [Read more...]

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...]

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