iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Some Encouraging Signs

I mentioned UNP last night as possibly offering a Dow Theory buy signal with the transportation stocks, and today that marquee rail operator is breaking out from a long falling channel with decent volume. The biotechs, real estate, and materials sectors are all attracting capital today as well, in addition to the headlines being generated by Apple and tech stocks. As such, I highlighted a few names inside the 12631 Trading Service for members to watch on the long side. I am keeping an open mind here, willing to accept that stocks may have put in a good low if I see charts continue to firm up.

As far as today, it is almost always tough to trade earnings season, particularly on days when The Fed makes an announcement or speech. I am doing my best not to force any trades here, though emotions are running high on Twitter. With that in mind, our chat room in 12631 really distinguishes itself from any other platform that traders use because of the calm, focused nature of our service. Please click on the 12631 hyperlink for more information about joining our service, which is supplemental to joining The PPT. You will see a noticeable improvement in your focus and discipline as a trader.

I will have more after the bell on my video recap.

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2 comments

  1. redman59

    I’m definitely pissed that I did not take UNP long and it is hard to chase a stock. But around last week (Wednesday) and throughout this stock has ranked consistently within the top 100 of the PPT, but my non-desire to take longs kept me from any of them.

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