tsx_trader

tsx_trader

Waiting for the price to come back down to the 48-49$ range to accumulate Otherwise waiting for a clear breakout with good volume above the 51.40$ range.

tsx_trader

As you can see, it had price rejection at the top red line from previous ceilings. MACD showing a reversal and there is some selling/profit taking going on. This appears to be very compliant with a MACD strategy, I am waiting for a dip, a reversal and MACD confirmation to go long on swing trade. I do not personally short stocks, could be an opportunity to...

tsx_trader

I purchased 5 put options at .15 strike price 15.00 Exp 16/Oct/2020 expecting a post earnings pull back. Just a short term natural pull back not relating to the equity position.

tsx_trader

I was already invested in APHA so I wont be buying any more now. But it has clearly breaking through a trend line with insane volume. It could run for a few more days. This is especially true because there is not clusters of resistance in its path now. Except its previous high from a couple months back. I think some big money is stepping in for an earnings play....

tsx_trader

On my watch list for breakout tomorrow and Monday. Potential day trade should it break out of its 1 year high. Based on the last 3 times it reached this ceiling level, this is the time with the highest Volume. trade execution for me. It opens under the breakout target, it moves upwords with volume, breaks out, the indices are moving to the upside with...

tsx_trader

On Aug 13th, there was news that ADT partnered up with Google and this shot up its share price. It seems that this was "big money" based on volume, it appears that an institutional investor entered a position. The price at 13.44 made it less tolerable for most traders and as such, it slowely went down over a period of time. ADT had good earnings the last 3...

tsx_trader

The MACD and RSI arent helping here. This stock has only been trading for so little. It has promise for the long term on speculative basis at this time. I am looking at my next place to enter this trade. Do not enter now!!!! Wait for it to reach a good point for entry. Since it started trading it has bounced off of 3 points highlighted in the chart. The 0.51...

tsx_trader

RVV is picking up some traction, one thing I notice about RVV is that the share price is directly correlated to the MACD indicator. You will see above that if you bought and the cross over to the upside, and sold at the crossover to the downside, you would be doing consistently well. RVV is presently crossing over to the upside, indicators are bullish....

tsx_trader

Looks like there may be another day or two to fill the gap but it is showing signs of bottoming out. Looking at reversal soon. I am long at this time, (this is a long trade with a time period of 1 year)

tsx_trader

Appears that gold stocks and ETF's are mostly all moving in tandem, which is good. Appears that gold has found a support level and is moving sideways at the moment. This is a good time for accumulation. I will *try* to time the market and buy it at the bottom of the channel and try to flip profits on the upside. Either way, once purchased it is a long term...

tsx_trader

Presently trading in centre of channel. Awaiting for price to drop to lower end of channel. Indicators show price moving to the lower end of the channel as usual. MACD and RsI dipping into the 0 lines. Awaiting good point for entry.

tsx_trader

Although they had good earnings report. LULU was over bought and over valued. May experience strong turbulence coming month.

tsx_trader

Appears that its on a down cycle (rotating down with a few other similar stocks) I am waiting for it to reach closer to its support $115 mark. I am also watching to see the MACD cross back over to the upside and RSI to start picking up momentum. Todays activity shows a morning doji on the daily chart which may signal a reversla that can be confirmed tommorow....

tsx_trader

ADM has tested the 44.99 mark two times and fell back. It is trading in a triangle formation. This is a set up I love for long options trades. The price is supported by the following: 1) The moving average 2) RSI is in the 60% area. I am okay with it as long as it stays over 50%. I would start to worry if I was in the trade and it drops. 3) The MACD shows...

tsx_trader

Shopify appears to be at the lower level of its present trading channel. May be a good point to begin anticipating a reversal. Although the markets are on a down turn for tech on the TSX as of last few trading days. I am going to watch for a possible long swing position. The overall channel from June 8th supports my position. So does the more recent trading...

tsx_trader

Good strong point of support that was tested multiple times in the area of 124 (highlighted in green). I wont go in the trade yet because it gapped up on the 27th, I may be long on options if it pulls back to the gap (at least back to 127)

tsx_trader

As AC was trading in triangle formation you see a nice pull back day on the 27th August, then a nice 'spring day' on the 28th. Both days have consistent volume as well. Futures are up and things are looking good for this week. I expect a continued rotation for AC and CHR on the TSX. At least for now. The COVID cases in the states are coming more under control as...

tsx_trader

TSX is rotating at the moment. Financials and consumers rally started this AM. CHR is continuing a slow overall bullish trend since the lows in March. Next level of resistance highlighted with red line. Swing trade only, tomorrow expected to open slightly higher or to move up a bit throughout the day.