TPain

I am an Economics student at a top university. Since trading isn't taught in textbooks, I decided to venture into the investment world on my own. I have experience day trading from working with a proprietary firm, but I have since moved on because scalping the market became frustrating. I developed a trading style that is a mix of swing trading and position trading (very similar to most on this site), and so far it has been working. I have yet to blow my accounts up, and I take precautions to limit downside. I understand that this blog will probably not get much attention, but I am fine with that. I am using this as an open journal. I want to track my progress in some way. Some of you may find the content helpful, while others may think I am making the wrong moves. And yes, I am trading with REAL money. I manage my personal account as well as those of family members and friends. Please leave comments!
Joined Jan 5, 2013
46 Blog Posts

TPain

Joined Jan 5, 2013
46 Blog Posts

Hundred Dollar Charts

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Before the market closes, I would take a look at these hundred dollar players. The stocks are SAM and CHTR. The charts are below. Screen shot 2013-04-12 at 11.38.21 AMI mentioned SAM in my post last night, it is behaving well off of the 50 period moving average, and I like the look of it here for a bounce.

Screen shot 2013-04-12 at 11.37.55 AM

 

CHTR has shown institutional inflow into the stock.As it approaches the 20MA, some more buyers may step in to send it over this bull flag.

 

3 Responses to “Hundred Dollar Charts”

  1. I feel other online site operators will have to look at this blog site as a model. Exceptionally clean and easy to use style and design, combined with awesome website content! You are a pro within this particular topic area 🙂

  2. While CHTR is only based on technicals, I have definitely been watching the fundamentals on SAM. Thanks for the link, Vertigo.

  3. $SAM, like other craft brewers, offers more & more styles in 750ml bottles. There’s more profit in that:

    http://www.ticketsarasota.com/2011-08-24/section/nightlife/there-are-big-profits-in-bigger-beer-bottles/

    (It may be stretching the definition to call $SAM a “craft brewer”.)

    This question has no place in a blog on technical analysis: how in hell does $CHTR stay in business? They’ve reported negative earnings since Q2 2010.

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