The Holy Grail Of Any Trading System

It is common for the novice trader or investor to begin their quest for financial freedom by searching far and wide for the “holy grail” trading system. Oftentimes, the novice scours the internet looking for a self-proclaimed guru’s advice or they shell out their hard earned cash for a trading indicator that holds the keys… Continue reading The Holy Grail Of Any Trading System

Secrets Don’t Make Friends…

But they can help you profit in the markets. And, being the kind, selfless guy that I am, I am going to let you in on one of mine. Those familiar with the world of Technical Analysis have been exposed to all the classic methods of TA: Dow Theory, candlestick patterns, bullish and bearish divergences,… Continue reading Secrets Don’t Make Friends…

Biotech Stocks Not Done Yet

If you have been paying any attention to the U.S. Stock Market recently, you have seen the major rotation into Biotechnology stocks. Interest in the group may be correlated to the Obamacare repeal vote, but one chart in particular was all I needed to know that this rally was for real: $GILD Gilead the major… Continue reading Biotech Stocks Not Done Yet

BEHOLD

CADDYSHACK, Chevy Chase, Michael O'Keefe, 1980.

There are 3 new letters after my name. Pretty cool huh? No? Well how about the last post when I told you to get into $VSLR? Take my advice? See the chart now? https://omahacharts.com/single-post/2017/06/15/Keeping-An-Eye-On-Vivint-Solar I shall return soon with more layup trades for you 🙂

Keeping An Eye On Vivint Solar

(Kris Tripplaar/Sipa USA/Newscom) IT16-vslr-052716-newscom Work trucks with Vivint Solar logos in Beltsville, Maryland on January 2, 2016. Photo by Kristoffer Tripplaar *** Please Use Credit from Credit Field *** (Newscom TagID: sipaphotosfive907938.jpg) [Photo via Newscom]

I am quite sure nothing good will come of this, but I have a close eye on Vivint Solar, $VSLR here. One of my RRGs tipped me off that $TAN (Solar ETF) was making a move towards the leading quadrant and may soon begin to outperform. Take a look at the volume profile of $VSLR… Continue reading Keeping An Eye On Vivint Solar

OmahaCharts Banks Coin in Netflix

This morning I took down my biggest win yet in Netflix puts. Due to my travel schedule and being away from the screens end of last week and through the weekend, I have very few open positions. One of the few however turned out to be my best realized gain of all time in short… Continue reading OmahaCharts Banks Coin in Netflix

The Harsh Reality Of Trading For A Living

“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”  – Jesse Livermore Sadly, the storied career of the undisputed greatest trader of all time, ended… Continue reading The Harsh Reality Of Trading For A Living

Keeping A Watchful Eye On Rotation

Heading into a short trading week and the unofficial start to summer, there are a few charts we will want to keep an eye on in effort to keep a pulse on the overall tone of the market. A. Weekly RRG The weekly RRG shows risk off assets $TLT, $XLU, and $XLV have made a… Continue reading Keeping A Watchful Eye On Rotation

The Market Gods Favor Hi-Crush Partners

f you fancy yourself a trade in the oil and gas services sector, might I recommend taking a look at $HCLP. As it sits, it is especially easy to manage as we will know within days, possibly less if we are wrong… If the name trades below the $12.25 to 12.40 level I would look… Continue reading The Market Gods Favor Hi-Crush Partners

Pandora Nears A Buying Point

Shares of the internet music streaming company have gone over about as well as a turd in the punch bowl as of late, but I think they are primed for a pop soon. Taking a look at a weekly chart of $P taking into account 2.5 years of price data, we can see from the Optex… Continue reading Pandora Nears A Buying Point