ART OF TRADING : Stocks That Triggered Today

 ART OF TRADING members were emailed 6 NEW setups to watch/trade last night.
SCTY, TEAR, INVN, VOYA, YELP and MS. Here is how they ALL played out today. ALL 6 plays triggered entries today.

 TEAR was a momentum play that was setting up in a BULL FLAG pattern. 

 VOYA: was the AoT "TOP PICK" for today. Setting up in a bullish symterical triangle.

YELP: formed a tight bullish COILING pattern, mini BULL FLAG. 

SCTY: a bottoming play that was curling off the 20 day MA. Aka:  "holy grail" setup.

INVN: setting up in a mini coiling HIGH LEVEL bull flag.

MS: was setting up in a nice FALLING WEDGE pattern. 

I share many ideas on twitter and stocktwits but my BEST ideas and my favorite trade ideas are sent to ART OF TRADING members only.

I offer a 7 day FREE TRIAL. I encourage anyone who is interested in joining the AOT community to take advantage of this FREE trial! many services do not offer trials. 

AoT could be EXACTLY what you have been looking for to improve your trading skills and take your trading knowledge/confidence to the next level. You will never know unless you try it!

 Happy Trading!

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New ART OF TRADING Watchlist For This Week

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Boom, Bust...... SILVER and GOLD

Ciao AoT blog readers!

I'm currently in Switzerland for a few days to attend my sister's wedding. I have not been actively tracking charts as closely as i normally would but from my basic scans, i'm seeing a major STANDOUT in my charts and that's the Silver and Gold names. Especially, silver, AoT members know that i have been bearish on Silver for a number of months now and believe that the massive BUBBLE has definitely POPPED(yet another classic boom & bust cycle) that peaked in 2011 is now well gone. As far as i am concerned Silver is not likely see those HIGHS made in 2011 anytime within at least 5-10 years if not more. (recall Nasdaq bubble in 1999-2000).

Next few charts are NEW short setups to watch: Ideally would like to short on "breakdowns" or even on "dead cat" bounces whichis what i will be looking for next few days(weeks). Just keep an eye on these charts. ALL SHORT setups. 

SLV : SHORT SETUP emailed to AoT members only. SLV triggered a short entry late yesterday at $20.75

As a SHORT TERM trader, I only look for opportunities to capitlize on RIGHT NOW so i don't really focus too much on LONG TERM picture although is does help keep things in perspective.  AoT members were emailed the attached seen SLVshort setup this week. I see much lower prices coming in SLV, AGQ, and almost anything that has to do with Silver. Gold is also on the cusp of a major breaking(see technical setup attached). This is setting up in a very bearish pattern and likely headed much lower.

The Updated chart seen below is the WEEKLY Chart of GLD which i have posted many months ago and updated a few times(twitter followers will probably recognize this one).
All technicals are STILL BEARISH in GLD and all signs pointing to MUCH LOWER prices over medium to longer term and even SHORT TERM.

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A "TIME" Based Correction

Hey Folks.

Let's try and make sense of some the chart action we have seen recently. As i pour thru hundreds of charts, i am scratching my head by what i am seeing out there. The ART OF TRADING portfolio came into today sitting on 100% cash as we moved to sidelines last friday morning. On today's weakness we picked up some SSO and MSFT longs for swings. (NOT a recommendation to buy SSO or MSFT).

The NYMO(see charts below: NYMO: an indicator i follow very closely) is slowly but surely getting into areas where 'BIG' bounces have been created. It's getting "OVERSOLD" . So shorting here is a little bit sketchy in my opinion.

However, I am not sure i would give NYMO a total '100% benefit of the doubt' here since the DIA, SPY etc are all rather 'overbought' on several timeframes(including WEEKLY and MONTHLY charts). SPY is up 13% year to date for example and a few days(weeks) of consolidation looks like the MOST likely outcome right now. When The markets are OVERBOUGHT and need to make CORRECTIONS. 

They do this in one of TWO ways: 

1: they either PULLBACK in price and correct overbought conditions in that manner. That's when prices come down and many stocks get hammered lower. 

2: they correct via TIME: that's when the indexes simply chop and churn sideways for a few days(weeks even), bob and weave, annoy the hell out of everyone as BEARS do not get their big pullbacks and BULLS see every rally fail(breakouts fail) and get no upside traction. Both bulls and bears will normally suffer in "TIME" based corrections. 

My SPY60 "ROADMAP" chart is getting into "OVERSOLD" right now so SHORT TERM at least, shorting is a little bit risky right now(potential increase for a bounce of some sort). Between today's move down and friday's nasty selloff, it might be too late to short. So have to be a little bit careful if looking to start SHORTS now. 

My initial reaction after looking thru many charts today, is we are starting a CORRECTION thru TIME, not price. So we need to at minimum expect lots of SIDEWAYS, back and forth churning next few days(possibily weeks). Using TRADING RANGE strategies is what i will be focusing on. Buying on extreme weakness and selling into big gaps ups or strong pushes back into thick resistance areas.

Attached below are charts which i have been highlighting recently on twitter and or NEW charts which are of HIGH INTEREST right now.
Hope this helps and Happy trading to all!

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ART OF TRADING Member Shares His PnL For May 2013

Stewie, Here are my trades for the month of May. I will remain in cash until 6/2 unless i see a very compelling alert because i will be traveling on business. Thanks for all the help and guidance as always!

Rudy (ART OF TRADING member for over 1 year)

Winning trades: 74%

Total Profit after commissions: $1,155

Ticker	Entry	Exit	Shares	P (L) -comm
PM	96.26	95.15	100.00	(113.00)
BAC	12.55	12.98	400.00	170.00
WFC	37.91	38.08	260.00	42.20
C	47.94	47.45	210.00	(104.90)
LTD	52.30	53.00	100.00	68.00
	52.31	52.95	90.00	55.60
MSFT	33.14	32.59	300.00	(167.00)
SCHW	17.61	17.65	500.00	18.00
ORCL	33.80	33.90	290.00	27.00
ETFC	11.00	11.09	200.00	16.00
AMGN	106.25	108.63	70.00	164.60
KRE	32.09	32.66	150.00	83.50
	32.09	32.68	150.00	86.50
MS	24.21	24.73	200.00	102.00
	24.21	24.66	200.00	88.00
KO	42.57	42.99	225.00	92.50
PEP	83.60	84.26	100.00	64.00
ORCL	33.93	34.00	150.00	8.50
LUV	14.30	14.17	500.00	(67.00)
LUV	14.08	14.24	400.00	62.00
GS	156.74	157.40	40.00	24.40
PSX	65.56	65.25	150.00	(48.50)
STX	41.07	40.94	150.00	(21.50)
MCP	6.91	7.14	300.00	67.00
	6.91	7.12	200.00	40.00
FDX	101.10	101.28	99.00	15.82
FDX	101.25	102.00	50.00	35.50
LULU	81.42	81.79	60.00	20.20
LULU	81.04	81.25	100.00	19.00
LULU	81.31	80.45	60.00	(53.60)
DNN	1.23	1.20	1000.00	(32.00)
C	49.99	50.61	100.00	60.00
	49.99	50.72	100.00	71.00
LCC	18.02	18.23	125.00	24.25
	18.02	18.38	150.00	52.00
EA	22.54	22.85	220.00	66.20
EA	22.75	23.33	100.00	56.00
	22.75	23.29	120.00	62.80
				$1,155.07

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ART OF TRADING Members Feedback !

You do a fantastic job Stew and you should know that your efforts and guidance are having REAL positive effects on both my personal and professional life.  Keep up the great work and I look forward to many more years as AOT member and will continue to recommend your services to everyone I know.

Kind regards,
Chad L.

                                         ART OF TRADING Trade Alerts

DIRECTION    SYMBOL    ENTRY PRICE    EXIT PRICE    SHARES    Profit/Loss   
Long                        PG             $77.48                    78.37               830           $738.70   
Short                    TCK              $27.51                    26.55              2360      $2,265.60   
Short                     SLB              $73.52                   73.04               880          $422.40   
Long                    CVS              $47.28                    47.35               1170         $81.90   
Long                     HD               $70.03                    70.17                300          $42.00   
Long                   EWW             $74.46                    75.35                870        $774.30   
Long                    DLTR            $47.28                    47.35                1370         $95.90   
Short                   CDE               $17.27                    16.95               3750      $1,200.00   
Short                  CRUS              $21.88                    21.09               2960      $2,338.40   
                       
                                                     Chat Room calls    
Long                 NFLX             $162.47                  165.6                 300         $939.00   
Long                 VXX                $19.24                   20                       2000    $1,520.00   
                       
                       
                Total    $10,418.20   
                        

Sold LTD at 53.24. up $1,300 for the day. Thanks for the cheddar Stewie!!

Ben R. 



Cashing in all my $C calls (paid $0.55) , sold for $1.19.  Happy with more than a 100% gain on this!

Thx!!

Brian C. 


Awesome day! C, BAC, WFC, 20-35% profit made on calls. LTD few hundreds on scalping.

This has been my best month ever at the Art Of Trading service. 

Nathan M. 


 Stew,  you have been spot on!  I admire your ability to "adjust" on the fly.  It really is a weakness of mine and I am forever impressed with your skill in making difficult decisions and keeping your eye on the next opportunity.  Thanks so much!! 

Kjp

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10 New Setups To Watch

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Helping The Boston Marathon Bombings Victims

hey folks 

A quick note. About 2 weeks ago and after the tragic events that took place in Boston, my wife and I were brain storming ideas to help raise some money for those that were affected by these horrendous events. At first, I wanted to create a fund that would help raise about $1,000 and send it to the victims who lost loved ones and innocent folks who lost their limps as a result. I looked into sites like "goFundMe.com and GiveForward.com but each site charges a 3-4% fee of the total donation amount. Which i guess is fair since they are a 'business' and have every right to charge for their service/product but i feel like, if someone is going to DONATE money to a charity or a good cause for people that need help, then every penny counts and they deserve to get ALL the donated money. 

So instead of creating a "donation site" in the name of ART OF TRADING members. I figured that if anyone wants to help in donating some money (any amount of money is helpful), then it makes most sense to donate it directly to the "ONE BOSTON FUND" : 

Here's their site: https://secure.onefundboston.org/page/-/donate9.html 

If you wish donate to this cause, the 'ONE BOSTON FUND' would be the way to go. 

Four people died :  8-old Martin Richard, 29-year-old Krystle Campbell,  23-year-old Lu Lingzi and Sean Collier, 26 year old young man/MIT Police officer bravely and heroically died in the line of duty. 

So many other victims 'survived' these terrible events that took place however many of these people have lost their limbs. As a person who loves to play soccer(and sports in general), hearing about these innocent folks who lost their legs was very hard to fathom.

'Nils' and 'Kevin' from the AoT chat room generously donated some money recently. My wife and I officially made our donation today. No amount is too small to help some of these folks rebuild their lives back. 

Thanks for taking the time to read this and feel free to share it with family and friends.

Bullish Falling Wedge: A Powerful Reliable Pattern

One of my absolute favorite patterns to trade as a pure technical trader is the bullish FALLING WEDGE pattern. Loyal readers of this blog know this pattern very well since i post it often when i do see it in some stocks, I usually pay much closer attention to the stocks that are in play for this pattern.

3-4 weeks ago i posted this FALLING WEDGE pattern in DDD (see attached chart below).
This setup was emailed to ART OF TRADING members and also posted on StockTwits/Twitter .

 Right now, we have a very similar pattern shaping up in PCYC : See chart below:

Hope it helps! Good luck in your trading next week!

Some Recent ART OF TRADING member feedback : 

Continue to be amazed at your ability to "scan" these winners.  Also what is most impressive is the timing behind these picks.  It seems to me that recent picks have been prepped and ready to be served.  Just incredible.  Let me know what I can do to keep you in "A" game mode....  Thanks again TS for everything!!  

Kevin (kjp)

"I went long DIS, UTX and AVP. But I must say that the chat room is pure gold. I booked $758 in sales today from hanging out there, and that was just the AM. Took the rest of the day off and treated the wife to lunch. Thanks again."

Chris McL. 

 

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