Thursday, March 30, 2017

trading journal 2017 Mar

$HOS

HOS was a bad company, miss earning , negative EPS and revenue, but still when reach its bottom, identified by ROC & RSI it send the stop up. By 13%

 

$TUES

Tues has been down for many months, and when I entered, I entered to early, the stock has bene down along with other retailer, but went up significantly .. along with other retailer, even after the consumer expectation data reach all time high, it’s up very significant.

$SIG

Bought the stock too early, it has a short weaknes, then it goes up, and even after earning beat, it went up , but then down, but together with oterh retailer, then it keep going up 11% in a month.

 

 

$LB

My ROC & RSI scanner identified this LB stock I purchase and it went up, then down again with other retailer, even though this is such a great company.Looks like movement in sympathy. Now it goes up along with all other retailer    

 

$FOSL

Pruchased this stock way too early, 1 month after my roc &RSI trigger buy signal, but then it went down signifactnly ( > -7%), and I keep averaging down, but the stock has been in 4 weeks downtrend in a row after mu prucahse, but then It keep up along with other retailer, although it has such a good fundamental.

Stock has also been donw for more than 84% since its last peak. And my contrarian scanner also trigger a buy alert           

$UAA

High growth stock for sure, big brand for sure, but stock was down for 2 years in a row since its last peak. I bought too early as well, but the stock going up after Nike was down and Lulu just down., also because it’s at it’s lower channel.

 

 

Trump failed on Obama care

On 26 march 2017 (sun), Trump plan to divest Obamacare has failed and send fear on the market, some professional traders even  alerted that everyone hold cash. On Monday (27 march 2017) , yes the index went down but after reaching it’s20 MA , it’s bounced back .. and gain for the week

Money Supply

Money supply was somehow is more accurate, it showed that the increase in money supply and even the index is at it’s high, but keep continue, but at the downside, it needs to be careful , as per experience that  when the money supply went down and the index has not move significantly, just wait until it move significantly before entering the market

 

Earning Watch

Stock with bad earning still can go higher when they are at their low ( at lower channel), example:

-          BIIB was down after earning disappointed, but then after that it keeps going up

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-          GILD

EPS beat, but outlook weak, but then keep going up

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-          NKE

-          Nike miss on revenue although EPS jump, and outlook was not good either, but stock keep going up

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-          Stock was not good earning as well, but keep going up.