As the motivational speaker Eric Thomas likes to say “Don’t let your words guide you, let your actions guide you” He also says “Most people just like to talk talk talk talk talk”. The same should apply for the markets. Let the markets action guide you not people’s words. Most pundits just like to talk talk talk talk talk. Only price pays! Nobody knows when the market will top or how high it can go so let the market be your guide!
Yesterday The $ES_F closed outside the symmetrical triangle. Not by a wide margin. Today’s action was a confirmation of that break out. We also closed above the 1642.50 pivot. This is very bullish action in my eyes. Keep in mind there is always a chance for a failure or retest of the break out. Tomorrow the FED speaks & that is always a market moving event so be prepared. I have hard stops in on all positions.
In this post I will go over my current holdings, stock that triggered a buy, stocks that followers requested & my game plan.
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Still working on the symmetrical triangle & volume is drying up into apex. The only thing that worries me is that it is a stage 4 cup & handle so it raises the risk of failure. I will keep stop were it is.
Attempting a break out to all time highs. The measured move on a close over 285 would be 320.
Broke out to a new 52 week high but reversed & closed .01c above the pivot. Volume was lighter on sell side but still above 50 day average.
Breaks a new 52 week high every day on strong volume & closes at new closing high everyday as well. But there is a lot of churning going on. I am considering to raise the stop loss on this one.
Gaped up to an all time high yesterday on strong buy volume but sold off most of its gains. Today trading was mute w/ lower volume. I am considering to raise the stop loss on this one.
Still holding above the break out pivot of 44.90. I am considering to raise the stop loss on this one.
Stock is holding its break out very well. The measured move on this break out is to 134. Im leaving stop where it is.
Stock is close to the bottom of a stage 2 consolidation. It moved off the bottom with expanding buy volume. The pivot it needs to break out above is 203. A break out above that price would put 243 in play. Im leaving stop where it is.
Holding break out very well. I will add to this stock on a break out over 16. At that point I would raise stop other wise Im leaving stop where it is.
Looks to be breaking out of a flag pattern. A close over 14.40 & I would consider to buy more. 22 is my target. Im leaving stop where it is.
Holdings Screen Shot:
Stock That Triggered Buy Today
Broke out of a stage 2 flat base on 504 % increase in volume. target is 25. Put stop under 19.
Stock Charts Requested By A Follower:
My Game Plan:
I am considering to move stops up on $OAS $BKW $OCN.
I will buy $LZB on open with stop under 18.90.
Every thing else I will leave alone.
My Order Screen for today’s trading:
I made back most of the losses from last nights gold trade mistake.
Thanks for reading!
Please DO NOT follow these trades blindly this is my trade plan & I know my risks. This is not investment advice or trading advice. This is for educational purposes. Do your own Due Diligence! Trading involves many risks. I post this for myself to get better & to learn from when I am wrong. I believe that mistakes are only made by not following your written trade plan. If you don’t have a written plan then every trade you make is a mistake IMHO. Losses are part of the game & a loss isn’t a mistake if you followed your plan. Please see my Legal Disclaimer http://yobronomics.com/disclaimer/
Contact me if you have any questions.
Michael J Zoitas
AKA YO BRO
Follow me for real time entry & exits with screen shots of charts, orders, & holdings at
Plan your trades & trade your plan! Failure to plan is planning to fail!
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