Dominate Stocks

I like the stocks which dominate its field, like TMX group(TSE:X) in security exchange, Telus(TSE:T) in telecommunication provider(our company rent a leased line service from rogers, but the physical line actually provided by Telus), etc.  I wanted to add railway stock CNR to our portfolio months ago, but did not do it because of its low dividend yield.  After reading good analysis in “Railyway Battle: CNR vs CP”, I think it’s time to add some shares of CNR.

Gold historical chart

From gold/silver buying suggestion, there are some historical price of gold. 

In above chart, the gold price ran up to its peak during 1970-1980, then stayed flat and slightly down in next 20 years. Also gold price ran up and peaked(yet?) between 2001 –2012. If we think the history can repeat itself, then gold price should stay flat for a little but longer time, like 15-20 years while stock market climbing up as I expected.

Exited trade re-visited: MCP and RVBD

I exited two positions MCP and RVBD on Apr 4,  today re-checked the charts and confirmed that it’s best to follow the trading plan, especially RVBD case.  If I held on  RVBD position, I would have lost 40% instead of 2%. 

Holding Stock2012.04.05-14:31

SYMB	DATE	CLOSE	RISK	HH	LL	SIGNAL	Entry	Stop	Chart

2012.04.05-14:31

Swing Trade 2012.04.03 RVBD

RVBD is breaking out from consolidation range, buy @ 28.90, initial stop @27.20, initial target @32.40.

SP500 mega cycle

If past indicate any future cycle in stock market history, we are now in the sideway phase. Last sideway market continued for 12~14 years, if same sideway period this time, then we can expect market resume its up trend in next 2 to 4 years.  So get ready for next multi-year up trend.

2012.03.02 WYNN

WYNN today extended its up momentum for 3rd day.

Short @ 130.6, stop @ 131, target @ 130.0.  Exited at 130.0, +0.60.

Good: catch the trend reverse and execute the plan.

Be Better:  Did not catch the major part of new trend. Should wait longer when the trade is working out.

2012.03.01 ESRX

ESRX is trading in range in last several day.

Short @ 53.16,  stop @ 53.32, target @ 52.92.  I stopped out @ 53.33.

Good:  Cut loss according to plan.

Be better:  Re-enter at 53.27 after an inside narrow range bar.

2012.02.27 NFLX

NFLX daily chart showed narrow range bar and  today it gapped down.

Short @ 107.88, stop @ 108.33, initial target @ 107.5.  I stopped out @108.50.

Good:  Cut loss quick. The slip caused more loss but acceptable.

Be Better: Wait for a  low risk enter point.

VVUS has been up 100+% in last two sessions, today it gapped up and the price is extended.

After it failed go up after a perfect up triangle, it broke down and change direction to down. Short @ 24.08, initial stop @ 24.36, initial target @ 23.71.  I exited the trade @ 23.71 when the down trend paused.

Good: execute trade according to plan.

Be Better: I should not take this trade as only one trade I should take every day.

2012.02.24 CROX

CROX last session is a narrow range day, today it gapped down. It presented a good short opportunity.

In 2-min trade, it did not give a good enter point.  I short @18.65, initial stop @18.8, initial target @18.50. The trade did not play out. I cut loss at 18.75.

Good:  Follow the plan to cut the loss.

Be Better:  Need to find a good enter point.  No need to force trade.