Rocketman

Rocketman

I think the SP500 has room for one more leg up. I believe it is a wave 3 on a daily chart. If it falls slowly, then, as I show in the chart, there is plenty of support in the August 2015 coordinate at 2026. As far as the trend holding as these levels, I think the SP500 will make one more rally up to 2128-2166, then fall back to 2026; however, if I am wrong and it...

Rocketman

Buyer Build-Up seems to be forming here..and a channel at fib support. I already entered....as noted. Just need to wait....and enjoy the holiday tomorrow! :)

Rocketman

SFY made a double bottom and a divergence. I purchased it a few days ago. My target is $3.47, but watch price target is $2.83. I wasn't going to publish this, but I didn't write it down in my paper journal; and doing this on a computer is a little convenient.

Rocketman

Interestingly, GILD is both a good investment, a good trade and a good company, and not just a good company. Given the really tiny divergence in my indicators (RSI), a break above the red line is looking possible. Try an RSI(14)..same thing. A TINY Divergence in PVT indicator and volume clues: Weak selling interest expressed in volume and price pattern today. A...

Rocketman

QQQ Bull Flag...... I would like to triple my money with TQQQ, but I am already in trades being currently held. So, I will use this ETF or maybe buy fewer shares with TQQQ. I like this trade because I am buying above the market, so it may not get filled at all if the market goes the other way. Many people may feel bearish, but I am getting every last drop out...

Rocketman

I like how the volume on the new high on March 30th is higher than the volume on the previous high on March 20th. My interpretation of this is that there is more demand yesterday (March 30th) and today at higher prices than the supply on March 20th. A CALCULUS IDEA: I think that this is a better way to interpret supply and demand, rather than having all lot of...

Rocketman

Entered long based on a monthly pullback and because it is a low risk/reward trade. I plan to hold this for 3-6 months if it goes in my favor, which, in turn, would mean that my fundamental understanding of economic indicators is right and makes more sense than short-sighted view in the media; the media which is no sound guide, but entertainment in terms of...

Rocketman

Weekly pullback on Feb. 10, 2015 after strong breakout! Then rallied up, but rested in daily consolidation and formed a daily HAMMER after pulling back to a 38.2% fib level and horizontal support level. So, I bought it. The next rally in to the highs might be on strong volume. So, I'll wait for it for a long time and hold it. Target is at $11.

Rocketman

weekly pullback: Stock fell to weekly horizontal support and a weekly fib level. I bought it. Target: $120, but fibs say $130. I'll see when we get there.

Rocketman

ACLS pulled back to a weekly horizontal support line and fib level. Bought it. Target is $3.69.

Rocketman

I purchased this stock based on a daily chart . It make a small weekly pullback, but an average daily pullback to a 50% fib level. It went to a horizontal support line and I purchased it with 365 or so shares. This stock is undervalued according to research from S&P Capital; and it has been trading in a range since January 1, 2014. I like the combination with...

Rocketman

Take a look at the Volume Rate of Change and my notes. If it falls it is just a pullback.

Rocketman

I traced IBB from the beginning of it upward sloping trend on a monthly chart. Surely, if it continues to pullback, it will just fall to the purple trend line or the blue one. The blue one is right where there is horizontal support is. On a logarithmic chart, the purple is 15 degrees in slope and the blue is 32 degrees in slope. So, IBB may go range until it go...

Rocketman

SIX REASONS WHY I BOUGHT GILD (GILEAD SCIENCES): Reason#1: Successfully Passed the, weekly, 50% swing low test in Dec 22, 2014, but no new high yet. Reason#2: On the BACKSIDE of the WEEKLY downward sloping trend line after breaking out of it on a daily chart. Reason#3: Smaller Fib on daily chart converges with strong and weekly horizontal support AND backside...

Rocketman

Trading is not always beautiful. In fact my charts are messier than my postings. I am probably the only one who can decipher my scribbles if I left them on the charts. I went long FB on February 12, 2015. FB still looks great with good volume. There is an indecision candle at the end of March 5, 2015, but it one were to go back a few months there is horizontal...

Rocketman

I Bought GILD for seven reasons: (1) Head and Shoulders Pattern (60 min) (2) Horizontal Support from Left Shoulder ($102.72) (3) 61.8% Fib level Support @ $102.75 (4) Descending Trend line Support (5) Long-wicked Hammer found Support at Trend line (6) Weekly Uptrend (7) Selling Climax in February 2015 (8) The risk/reward potential is favorable. My reward is based...

Rocketman

Given the fundamentals of Google are better going forward, this is a monthly/weekly profit target of Google based on the 161.8% Fibonacci projection; that is, a profit target of $803.30. On a daily basis, the technical risk reward level is not warranted for an entry in my book. II am not a momentum trader, so I am waiting for a correction or pull back or some...