Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

Where Are All the Quality Breakouts?

admin by admin
February 5, 2013
in Uncategorized
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

by Jeff Pierce, Zentrader

Over the weekend as I was running my momentum scans I suddenly realized something that has been bothering me all week with regards to fresh breakouts. Within my tradewithZEN stock selection service I primarily focus on stocks that have reacted extremely bullish to recent earnings and fit a certain chart profile that produces a high percentage of outperforming the market over the next 3-6 months. And with a market that is pushing into new territory and reaching 5 year highs one would think my watchlist would be overflowing with candidates, but that just isn’t the case.

One such stock I recently added to my focus list on Jan 11 was DK, where it closed at $29.53. Since then it has continued higher and while I don’t recommend buying it at this level, I believe it does look attractive on a pullback near the range of $30.75-29.00. One strategy would be buying 1/2 at the upper range and completing your position on the lower range. Anyhow, the point of sharing this chart is to show you what a strong chart looks like at the time of it being added to my watchlist, but not having it be too overbought.

Now let’s fast forward to the sort of charts that have dominated my screen this week.

So what is really going on in the markets and why could it be dangerous to traders?

I believe what we are seeing is what amounts to “forced accumulation” of equities by the Federal Reserve and the Government through economic policies, not the free markets being free to determine which stocks deserve to be appreciated by traders who see real value in them.  It’s the only excuse I can come up with when I see everything going up vs quality breakouts from sound bases with classic bullish chart patterns. We truly are in an environment where a rising tide floats all boats.

The scary part of this is that when the party does end, (and I’m not suggesting that it’s going to end anytime soon) it’s going to abruptly end and those who buy at the highs will see losses add up very quickly. Again, I’m not saying that you should sell everything and go hide in a bunker. However you should be an active seller here, locking in gains, and limiting new purchases in some way.

One very easy way to control your positioning into new equities and thus limiting your exposure to a quick correction is to limit your buying to one new position a day. If you find yourself very bullish and you see 5 or 6 positions you really want to enter, just pick one. That way you don’t find yourself with a bunch of new positions on the day before a major selloff where you get shaken out with losses only to see the markets turn higher and do exactly what you thought they would.

Bottom Line…

I feel like the latest push to new highs is not reflective of a healthy stock market but it is what it is – a market that keeps going up and it’s our job to trade accordingly. Just be sure to have an exit plan in place, and when I say exit plan I mean one that you can execute immediately. No hesitation, no second guessing. Discover what it is you need to see to let you know the market’s miracle run is coming to a close and then watch for those signals. And if you don’t have one of your own, find someone who does and listen to them.

About the Author


Jeff Pierce is a momentum trader who specializes in market timing. He offers a twitter based trading service where he helps traders develop a focus list of stocks that have responded well to recent earnings and are likely to outperform based on a very specific technical pattern. His blog is Zentrader.


Previous Post

Infographic of the Day: Superfoods Which Kill Cancer

Next Post

Womenomics

Related Posts

US Institutions Account For 85% Of Bitcoin Acquisition In ‘Very Positive Sign’ – Matrixport
Economics

US Institutions Account For 85% Of Bitcoin Acquisition In ‘Very Positive Sign’ – Matrixport

by John Wanguba
January 28, 2023
U.S. Tackles Google Online Ad Business Monopoly In Latest Big Tech Lawsuit
Business

U.S. Tackles Google Online Ad Business Monopoly In Latest Big Tech Lawsuit

by John Wanguba
January 28, 2023
Tesla Plans $3.6B Nevada Expansion To Produce Semi Truck, Battery Cells
Business

Tesla Plans $3.6B Nevada Expansion To Produce Semi Truck, Battery Cells

by John Wanguba
January 28, 2023
Fed Policy Aiming To Align Bank Oversight Might Restrict Crypto Activities By State Banks
Business

Fed Policy Aiming To Align Bank Oversight Might Restrict Crypto Activities By State Banks

by John Wanguba
January 28, 2023
Microsoft Cloud Business Keeps Profits Flowing In Challenging Times
Business

Microsoft Cloud Business Keeps Profits Flowing In Challenging Times

by John Wanguba
January 27, 2023
Next Post

Womenomics

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins banking banks Binance Bitcoin Bitcoin adoption Bitcoin market Bitcoin mining blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe finance FTX inflation investment market analysis markets Metaverse mining NFT nonfungible tokens oil market price analysis recession regulation Russia technology Tesla the UK the US Twitter

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • US Institutions Account For 85% Of Bitcoin Acquisition In ‘Very Positive Sign’ – Matrixport
  • U.S. Tackles Google Online Ad Business Monopoly In Latest Big Tech Lawsuit
  • Tesla Plans $3.6B Nevada Expansion To Produce Semi Truck, Battery Cells

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish