Smart Chart Investor

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

Market Updates

Review of most recent open trades and Kleenex

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Energy ETF (XLE) daily ​​​​​​​ Currently up about 8%. Continue to hold. The recent pullback has bounced off support. Telecommunications Sector ETF (IYZ) daily Currently up about 11%. Continue to hold. Looking for price to trade up and through resistance. Post Holdings Inc (POST) daily Currently up about 15%. Continue to hold. Looking to clear resistance. India Index ETF (INDA) daily Currently up about 7%. Continue to hold. Looking to clear resistance; the downward wh … [Read more...]

Yawn

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Boring week on Wall Street in spite of all that is going on. My advice is to avoid the noise and concentrate on price action. The recent pullback is very normal. No worries. Continue to hold all open positions. Every now and then you come across something that explains your beliefs and/or strategy much more concisely than you could have. That happened to me today with this little beauty that came across my Twitter feed. I'm not even sure who wrote it, but it's pretty damn good. … [Read more...]

More Giddy Up

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Everything is ripping higher. It's good to be right. It's better to know when you are wrong. I'm pretty good at that now. That one took me a long time to learn. It's really the most important lesson to learn. Hold all open positions. Adding to positions is encouraged. I have been. If you have any questions just email me and I will get back to you. Trade Smart, Don … [Read more...]

Bond Prices Bounce off Support

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I have had my eye on TLT (iShares Barclays 20+ Year Treasury Bond Fund) for a couple of months as it has made its way down into support. Price has corrected about 16% from July 2016. iShares Barclays 20+ Year Treasury Bond Fund (TLT) weekly Price has recently bounced off support, the green trend line from early 2011. This looks like a good entry with risk below green trend line. Risk is probably 5%-7%. Recent Trades Continue to hold all open positions. Trade Smart, Don … [Read more...]

Don’t Sell the Inauguration…Buy it.

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If you are a long term investor, like me, do not sell the Inauguration. Buy some more stuff. I'm going to. S&P 500 Index ETF (SPY) daily ​​​​​​​ SPY looks healthy and ready for another leg up. Buy some more. Set your risk at closes below 219 for new SPY shares. Remember... You can always get out. Sometimes you never get in. So, some interesting price action is going on... iShares India Index (INDA) weekly Price has popped off trend line support and has closed above 2 … [Read more...]

Recent Market Updates