Recent KeystoneTrading's Commentaries
Financials
Yesterday trading presented good opportunity to execute and hold solid trade ideas throughout the morning session. While the markets price action was not a screaming long it did support good long trade ideas once it hit monthly highs. The financials in particular showed good strength in the mar...
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Tags: uncategorized
Markets and the XLE
Today the markets continued it move higher in a relatively lack luster way compared to Fridays action when the turmoil in Egypt soften with Hosni Mubarak stepping down as president. The strong buying in the markets continues as two of the major three indexes make new 52 week highs. The Dow Jone...
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Tags: uncategorized
Very Stock Specific Market
This morning trading was a bit difficult as we had a big sell off during yesterdays closed, which cause this morning price action (while relatively strong) to present difficult opportunities due to the lack of follow through broad base (and lack of ability to get out of yesterdays trading range) ...
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Tags: apprentice-trader-journals | beginner-education
Market Action
The SPY had a strong buying yesterday as we broke above two week trading range, closing above the daily 20 sma resistance level. Good economic data out of the U.S. with the FED Beige Book reporting improvements in the manufacturing sector and good global economic data help support the market ral...
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Tags: apprentice-trader-journals | beginner-education | chart-talk
Yesterday Trading
With the markets trading sideways yesterday between the 20 and 50 sma on the daily charts follow through is limited until price action can break through support or resistance level. Looking at the hourly chart we can see intra-day there are a lot of support and resistance levels that need to fact...
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Tags: apprentice-trader-journals | beginner-education
What’s in the News
Over the past few months the dollar has been on steady rise against most major currency pairs. With the debt crises emerging again with Ireland accepting bailout funds from the ECB and with the continued concern of the debt crises spreading to other European countries such as Portugal and Spain m...
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Tags: uncategorized
Update
Well the SPY did not hold the 20 sma on the daily charts. price action declined sharply during the better half of Monday morning when the new of Ireland receiving 90 billion euro bailout from the ECB was announced. This led to a sharp decline in the SPY while the dollar pushed higher against the ...
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Tags: apprentice-trader-journals | beginner-education
Looking Forward in the Week
Looking forward this week, if the SPY can hold its daily 20sma would give me greater confidence that we trade higher to test 123.00 resistance level. With the Thanks Giving holiday coming up this Thursday I would not be surprised if there is light volume trading this week. With that said, it is i...
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Tags: apprentice-trader-journals | beginner-education
Chart Talk
Todays morning price action was a bit uneventful as the market did not follow through in one direction. Coming into the day I was looking for XOM, HAL and JNPR to continue there strength from last week and push higher. When the market opened, JNPR immediately started to push lower.The first lev...
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Tags: beginner-education | chart-talk
$RIMM in Play
Coming into today Research in Motion(RIMM) was on my radar. Some news had come out in the pre-market about the pricing of its tablet computer. The news basically said that the tablet would be priced below $500 which would make it a cheaper alternative to the iPad. The pre-market wasn’t showing...
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Tags: market-set-up | trade-replays | day-trader | day-trading-stocks | equity-prop-firm | intra-day-trading | online-stock-trading
ALTR and EBAY
Today was a very lack luster day in terms of the market price action. Looking in bigger context we can say its a continued pause after the up trend day we had Thursday after the FED announcement. While today was not the easiest day to trade, a few Keystone traders were able to take advantage of m...
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Tags: uncategorized
FOCUS for stock trading
I think in the past few weeks that I’ve been at Keystone, the one resounding theme has been “focus”. You can go into the morning, fresh and prepared (having already set your game plan for the day) and then have it all thrown against you because you lost focus (for even 2 minutes) while in the g...
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Tags: apprentice-trader-journals | day-trader | day-trading | online-stock-trading | online-trading | stock-trading
Liberty Global Inc. (LBTYA, LBTYC)
LBTYA/LBTYC are two stocks for the same company, just different classes. They provide voice, video, and broadband Internet services. Some of its competitors are also seeing positive order flow coming in, such as CMCSA, DTV, VIA-B, TWC, and DISH. LBTYA is a 10+ long on the charts, 10 above the 20,...
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Tags: apprentice-trader-journals | market-set-up | swing-trade-of-the-week | sector-analysis | day-trading | day-trading-blogs | online-stock-trading | online-trading
NEVER PREDICT, REACT!
Today’s meeting and insight on the trading day yesterday brought a lot of ideas full circle for me. Pete mentioned that a lot of traders including myself were confused with the market yesterday especially during the morning sell-off after the gap up. As Pete began explaining that essentially, the...
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Tags: apprentice-trader-journals | day-trader | day-trading-stocks | online-trading
Thinking in Probabilities
One of the challenges to becoming a consistently profitable trader is developing the mindset and understanding of how and why a consistently profitable trader can repeat their success. One of the obstacles that stand in the way or prohibit a trader from developing a profitable mindset is emotions...
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Tags: apprentice-trader-journals | beginner-education
