A Trade A Day

More fodder for sellers. NXY is ready to setup by breaking lower. The stock has formed your typical consolidation/triangle/bear flag. It doesn’t really matter. At some point in my trading career I realized that picture perfect patterns didn’t always make money. You just get a feel for what patterns should work and what patterns shouldn’t. The stock has broken and closed below its weekly 50 SMA. Once it breaks 29ish, next stop is 24 with an ultimate target of the weekly 200 SMA at 21.

Good Luck!

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I’m out of the AGU trade at breakeven. I mismanaged that one. Longs at the end of a bull move never seem to workout for me. With obvious reasons, they can’t stand up to the blistering assault of negative market direction.

Out of the KGC trade for a 3R gain.

The IBM trade consolidating. Still looking very bearish.

The EDU trade is also acting well. However, I would like to see it stay under its 50 SMA.

Looks like I was spitting into the wind with VIVO. 1R Loss.

I didn’t take the INTC or MSFT trades. You may want to see how they behave intra day on Monday for another entry.

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Who thought soccer could be so hilarious.

I especially like 2:43. Classic.

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Although Thanksgiving shortened the trading week, there’s still lots of great articles to catch up on.

Million Dollar Journey has a three part series on How Call Options Work.

Here’s an honest review of Option Trading Mistakes by Options Trading Daybook.

Jeff White at thestockbandit.net was recently interviewed by traderinterviews.com.

Trade 4 Cash introduces us to Designing a Breakout System.

Why Do People Give Out Free Loans to Companies by Buying their Gift Cards?. Money Ning wants to know!

Bullish Jim is looking for a Port in a Storm as his account feels the effects of the recent downturn in the market. A Stella or three sounds good to me!

Trader Gav shares 45 Ways to Avoid Losing Money Trading Forex.

Mo-trader breaks down his trading style in Anatomy of a Day Trade.

Blogrush? More Like BlogNot, says the wild1.

Sole Trader poses the question: Will Black Friday Kick off a Stock Rally on Wall Street. If everyone spends money today like my wife, we will see DOW 14K next week.

Are Utility Stocks Breaking Out? Check out Kevin’s Market Blog for the answer.

That’s it for me. See you tomorrow!

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US markets are closed for Thanksgiving. Here are 5 stocks that are about to break lower. Keep a close eye on these as we enter next week.

Amazing how the leaders rollover with the rest of the market.

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