sporthunter's Blog : Latest entries

I consider myself to be a short term to one year trader, more of a swing trader I guess by definition. I set my targets at 10, 30, 89 day EMA. Once a stocks price reaches the 10 day EMA, I enter a position (established trend upward), as the price moves higher I place a 10% stop loss. By placing a stop loss I take the emotion out of the trade. Two options can take place, either the price drops the 10% or the current price retracts back below the 10 day EMA. Which ever happens first, that indicate…

Here are my 2 speculation recommendations at 3j's request. ( LTBR & HTH ) Both of these have heavy insider action and big players that will ensure the success of these stocks. Happy Trading

Lets consider the long-term outlook for the market, Russia is going to continue making alliances with the Arab Nations to make thier efforts to become the super-power they once were. The vast mineral resources in and around the Dead Sea is thier goal. Russia is going to continue helping Iran build their nuclear threat. This being said, Israel will become the target of their aggression. The United States will stand-by with sanctions but will not come to the defense of thier allies. Like back in t…

Back on Dec 6th I posted that the S&P would run up to 1350. At this point this is a resistance level that has indicated a pullback. Pullbacks will be small while the FED continues to print money. They are creating a false bull rally. SDS is currently sitting at 16.55 just above its 52 week low. This is a major support level bouncing the last three times it reached this low level. With the announcement of the current budget this will slow down this bull rally within the next month. I am curre…