by Trent Smalley, CMT | Nov 7, 2017 | Uncategorized
In the spirit of full transparency, what one of my heroes Ray Dalio would call “radical transparency,” I’d like to show you what it looks like to be dead wrong. I posted this seemingly perfect chart a few weeks back of $MNK: Falling wedge pattern,...
by Trent Smalley, CMT | Oct 30, 2017 | Uncategorized
From time to time I get out from under my rock and hit the road to talk with traders and people in the industry. My entourage and I will be in Vegas Wednesday afternoon through the end of the week, dressed to the nines, gin martinis in tow in search of greatness....
by Trent Smalley, CMT | Oct 26, 2017 | Uncategorized
Yes you read that right, you aren’t dreaming. Twitter beat 3rd quarter revenue and monthly users were reported to be up 4%. I am deep in some November 19 calls and am hopeful the stock will gap and go. Here is what I see: If we can chew through the overhead...
by Trent Smalley, CMT | Oct 24, 2017 | Uncategorized
If your portfolio needs a “Banana Boat and Coco Puff” I may have found just what the Doctor ordered… PharmaMallinckrodt ceutical Company, symbol $MNK. It’s been a tough few years for this stock, but we all get a little down sometimes, and...
by Trent Smalley, CMT | Oct 23, 2017 | Uncategorized
The XLE ETF has found balance at a long term volume point of control, and looks to be on track to become buyer controlled. We can see that the group broke back above its longer term downtrend line in mid September, and has been consolidating at POC for about the last...
by Trent Smalley, CMT | Oct 19, 2017 | Uncategorized
On this day 30 years ago, the stock market experienced one of the worst crashes in its existence. On “Black Monday” the market fell over 508 points on heavy volume. Being about 4 years old at that time, it wasn’t something I was studying yet, but...
