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Birth of the Dragon Trade

The birth of the Dragon Trade came about like most good ideas, by accident!  At the time I was looking for a way to scan for continuation triangles and wasn't having much luck at all.Also at that time I was learning how to backtest my trading ideas and had leased backtesting software (TC Companion) ...
dragontrader Last Updated: Wednesday, March 10, 2010 3:15 AM via

Pssst, the fix is in...

If you haven't heard the fix is in, and C is on the mend, so say the pundits.  Well, who am I to snub a good tip.  Don't bet the farm but here is an entry with a stop at 3.22,  15% off the current price.  If you can afford to lose 15% then might be worth a small stake.     You can find the tipster's...
wwrightjuly4 Last Updated: Wednesday, March 10, 2010 1:53 AM via Jaded by the Trade

Tobydad University

 Index of links for Methods descibed here.      http://forums.worden.com/Default.aspx?g=posts&t=45157 When it comes to any tool you want to know as best as we can, WHY the creator designed it.  From what i have read, John  Bollinger created Bollinger bands because he wanted something better than pri...
wwrightjuly4 Last Updated: Tuesday, March 09, 2010 7:07 PM via Jaded by the Trade

Exits, Holdings, & Comments Mar-08 (3 wins)

Exit long PBIB $11.39 (gained $0.40 or 4%)Reduce Long PBW $9.782 (gained 0.15 or 2%)Exit Long CVX $74.23 (gained $0.20) Stilling Holding Long: PBW, VZ Market Comment: Dow Jones - 10500 point is at resistance
jayo56781 Last Updated: Monday, March 08, 2010 9:37 PM via jayo56781's Blog

Obesity and Blood pressure

Ali Shah's information Blog at Blocks.com  Many medical studies have shown a relation between obesity and blood pressure monitors, . In fact, obese people have a higher blood pressure than people with a normal blood pressure. The cardiovascular risk is increased with obesi...
Ali Shah Last Updated: Monday, March 08, 2010 8:18 AM via Ali Shah's information Blog

High Fiber Diet may be what the doctor ordered

Many segments are rebalancing to pre-2008-09 levels of expectations many of these makets were in decline before the meltdown.  Telecom seems to be exhibiting some life and possibly growth.  The fiber business, which I know very little, seems to be a segment showing some spunk.  Here are the stocks I...
wwrightjuly4 Last Updated: Saturday, March 06, 2010 9:35 PM via Jaded by the Trade

Exit & Holdings Mar-05 (1 win)

Exit Long STP $14.42 (gained $0.85 or 6% in 3 days) Still Holding Long: PBIB, PBW, VZ, CVX
jayo56781 Last Updated: Friday, March 05, 2010 9:37 PM via jayo56781's Blog

Open Long CVX $74.03 Mar-05 (Dip, WRV)

jayo56781 Last Updated: Friday, March 05, 2010 9:28 PM via jayo56781's Blog

Healthcare - I get it.

Why has XLV been on such a tear.  I have been timid about sticking with these because of history and because of the politics.  I was killed by healthcare stocks when Hillary got into the fray 15 years ago.  I thought here we go again, but the market seems to think we are going to get government invo...
wwrightjuly4 Last Updated: Wednesday, March 03, 2010 10:51 PM via Jaded by the Trade

Exits and Holdings (1 win 1 lose) Mar-03

Exit VXZ $68.83 (-$2.60 or -4%) Mar-03 (Stop triggered)Exit GEX $21.88 (+$0.59 or 3%) Mar-03 Current Postions - Long: PBIB, PBW, VZ, STP Market Comment:Bullish: Emerging Markets, Gold, OilBearish: British Pounds, Euro, Treasury Bonds
jayo56781 Last Updated: Wednesday, March 03, 2010 8:37 PM via jayo56781's Blog

Open Long PBW $9.63 Mar-02-2010 (WRV)

jayo56781 Last Updated: Tuesday, March 02, 2010 9:37 PM via jayo56781's Blog

Open Long STP $13.57 Mar-02-2010 (Channel)

jayo56781 Last Updated: Tuesday, March 02, 2010 9:33 PM via jayo56781's Blog

Open Long VZ $29.17 Mar-02-2010 (WRV, Swing)

jayo56781 Last Updated: Tuesday, March 02, 2010 9:13 PM via jayo56781's Blog

Exits & Holdings Mar-01-2010 (1 win)

Reduce Long PBIB $11.55 (gained 5% in 1 day) Still holding Long: VXZ, GEX
jayo56781 Last Updated: Monday, March 01, 2010 9:39 PM via jayo56781's Blog

Covered Short at 57.30.

Current Position: None.The market took us out of our short position today at 57.30 for a loss of -5.15%.  Although I'm not happy; on the positive side I have learned an idea from this that will improve my system for the future.  After all, all the signals generated from the inception of this blog la...
CalcomTom Last Updated: Monday, March 01, 2010 10:00 PM via Tom's Q-Trade Blog

Open Long GEX $21.29 Feb-26-2010 (WRV)

jayo56781 Last Updated: Monday, March 01, 2010 12:16 PM via jayo56781's Blog

Open Long PBIB $10.97 Feb-26-2010 (VRV)

jayo56781 Last Updated: Monday, March 01, 2010 12:14 PM via jayo56781's Blog

Three Slightly Different Views of SPY

Here are three separate charts of SPY constructed on three different intraday time frames -- an hourly chart, a 2-hour chart and a 4-hour chart. If you’re viewing an hourly chart, this simply means each vertical price bar represents one hour of trading.  Each chart has a price moving average of 20, ...
peterworden Last Updated: Wednesday, June 17, 2009 6:27 PM via Peter Worden's Blog

Hourly Chart Analysis of GOOG and AAPL

I see a short-term negative character change taking place in both AAPL and GOOG. In the case of AAPL, I have made several comments to this effect in TeleChart Platinum chat over the past few days. This change of character appears most clearly on the hourly charts. These two hourly charts of GOOG and...
peterworden Last Updated: Thursday, June 11, 2009 5:56 PM via Peter Worden's Blog

NTRS Appears Ready to Start a New Leg Down

I highlighted short-sale, NTRS in TeleChart (Gold and Platinum) with my Worden Note of April 28 in which I wrote, “Heavy selling pressure appears to be taking hold in NTRS and I believe the stock presents an excellent short-sale opportunity at current levels.” NTRS recovered from its November lows t...
peterworden Last Updated: Wednesday, May 20, 2009 5:12 PM via Peter Worden's Blog

Technology Sector May be Stumbling

  This 2-hour chart spans back to the beginning of February and has 20- and 50-bar moving averages running through price. The bottom pane contains my volume-weighted MACD. As in previous charting examples, the price bars are painted red when MACD is negative and green when the indicator is positive....
peterworden Last Updated: Tuesday, March 31, 2009 12:30 PM via Peter Worden's Blog

SRS is in Short-Term Rally Mode

  With SPY looking tired, it is logical that SRS may move higher from here. This 15-min chart shows a base of several days now in place and strengthening technical indicators, i.e. TSV and MACD. Price moved back above its 50-bar moving average (orange line) early this morning and has held above it f...
peterworden Last Updated: Monday, March 16, 2009 3:24 PM via Peter Worden's Blog

Minor Uptrend for SPY is Growing Fatigued

  SPY has moved several points higher since my post last week. Earlier today, SPY encountered some overhead resistance at its 200-hour moving average (orange line). Within the past hour we’ve seen price pull back and to a slight degree violate the lower confines of its minor uptrend channel. This is...
peterworden Last Updated: Monday, March 16, 2009 3:09 PM via Peter Worden's Blog

Minor Uptrend Remains Intact for SPY

  This 30-minute chart of SPY spans back about three weeks to February 23. I have drawn in some trend lines to illustrate the short-term upside reversal, which occurred on Tuesday’s open. SPY gapped sharply higher breaking through the downtrend line drawn from the Feb. 26 high. SPY is now in a minor...
peterworden Last Updated: Thursday, March 12, 2009 1:00 PM via Peter Worden's Blog

USO May be Rounding Out a Tradable Bottom

  USO is an Exchange Traded Fund I use to track the price of oil. USO may be rounding out a tradable bottom at these levels. I have applied my Volume Weighted MACD to this daily chart of USO. The MACD is displayed in the center pane. I have also colored my price bars green when the MACD is positive ...
peterworden Last Updated: Friday, March 06, 2009 2:14 PM via Peter Worden's Blog

DJ-30 Could Bounce from the Downtrend Line

  Here is a 3-Hour chart of the DJ-30 spanning back to mid-September. I have drawn a downtrend line connecting the October and November lows. As you can see, the DJ-30 is currently testing the downtrend line, which I believe will offer some very short-term support.The dots illustrating the various (...
peterworden Last Updated: Friday, March 06, 2009 1:35 PM via Peter Worden's Blog

Financials (XLF) are Leading This Bounce

  Yesterday afternoon in TeleChart Platinum chat I wrote, “XLF should move higher from here.”XLF actually moved lower into yesterday’s close, but is up nicely today and has potential for some follow-through on the upside. My hourly chart shows a constructive profile for MACD, TSV and Worden Stochast...
Kuf Last Updated: Tuesday, February 24, 2009 3:09 PM via Peter Worden's Blog

Copart, Inc. (CPRT) Rallying From a Small Base

  CPRT has begun to rally this past hour on signs of strong buying. The stock is up about 6% for the session and appears to have more room to run. We should soon see a test of last month highs at 28.38. Price has formed a subtle "W" bottom and has moved convincingly back above its 50-day moving aver...
peterworden Last Updated: Thursday, February 19, 2009 1:40 PM via Peter Worden's Blog

Looking at the Big Picture

I think this monthly chart of the Dow Jones Industrial Average, dating back to the late 1920s, offers some perspective on just how vulnerable the stock market remains at these levels. Most people find it almost unimaginable that things could actually get worse than what we’ve already experienced in ...
peterworden Last Updated: Wednesday, February 11, 2009 3:23 PM via Peter Worden's Blog

Live Webinar: Chart Reading with Peter Worden

I will be hosting a live Webinar, "Chart Reading with Peter Worden" next Tuesday evening, February 3 at 8:00 PM ET. In this 45-minute segment I plan to discuss the general market, as well as some specific stocks and ETFs of interest. I'll also spend a brief time answering some of your questions. I h...
StockGuy Last Updated: Wednesday, February 04, 2009 1:07 PM via Peter Worden's Blog

Rally Underway for TTES

  I have made several positive comments in TeleChart Platinum chat over the past week or two. This morning just before the open I wrote, [1/27/2009 9:28:38 AM] (PeterWorden) "Healthy consolidation continues in TTES. I expect it will soon break higher."The stock price has been holding above its 20-ba...
StockGuy Last Updated: Tuesday, January 27, 2009 3:13 PM via Peter Worden's Blog

Financial Sector Showing Improvement

I have been saying for some time we absolutely must get participation from the financial sector if we are to see the general market get anything going on the upside. XLF is still well below its 50-hour moving average, but it is back above the 20-hour and the short-term technical indicators are impro...
peterworden Last Updated: Friday, January 23, 2009 1:41 PM via Peter Worden's Blog

SPY Hit a Tradable Low Today

In TeleChart Platinum chat just a short time ago at 2:02 PM ET today I wrote, “I like the look and the feel of this rally.” SPY has made a nominally lower low following the bounce attempt at the end of last week. As a result, my volume-weighted MACD gave us a head fake and our price bars went from g...
peterworden Last Updated: Wednesday, January 21, 2009 2:59 PM via Peter Worden's Blog

RIMM Keeps Plugging Along

I have continued to post favorable comments on RIMM through my Worden Notes in TeleChart. The stock price continues to make its way higher on respectable short-term technicals. MACD remains in a buy mode (green price bars), TSV and its moving average are above the zero-line and my Worden Stochastic ...
peterworden Last Updated: Wednesday, January 21, 2009 2:38 PM via Peter Worden's Blog

Short-term "W" Bottom Forming in Oil

DIG needs to get back up through its 50-hour moving average, which it is testing right now. I am betting it does. This hourly chart shows a potential “W” bottom forming in price. My volume-weighted MACD is starting to turn bullish here and Worden Stochastic has turned convincingly up from oversold l...
peterworden Last Updated: Wednesday, January 21, 2009 2:15 PM via Peter Worden's Blog

Beckman Coulter (BEC) Continues Higher

Moments ago I called BEC a buy in TeleChart Platinum chat. This daily chart shows a technically sound upturn from the December price lows. The green price bars indicate my volume weighted MACD is in a buy mode. TSV is now moving back above the zero-line for the first time in several months. Worden S...
peterworden Last Updated: Wednesday, January 21, 2009 1:49 PM via Peter Worden's Blog

Signs of Renewed Buying Into This Bounce

  Well, as bad as things looked yesterday morning, it was encouraging to see SPY hold support at the early December lows and put together an afternoon rally. This is the same hourly chart of SPY I showed you on Wednesday (January 14). Can you see what’s changed? My TSV (bottom pane) has crossed up t...
peterworden Last Updated: Friday, January 16, 2009 9:22 AM via Peter Worden's Blog

Watching Closely for Positive Crossover

After moving sharply lower at the outset of today’s session, SPY did establish a trading range of sorts for the remainder of the day. In fact, SPY did actually survive a late-day test (almost to the penny) of the morning low. While this may suggest we are close to a tradable low, the indicators on t...
peterworden Last Updated: Wednesday, January 14, 2009 5:52 PM via Peter Worden's Blog

Shorting the Real Estate Sector

SRS is an UltraShort Exchange Traded Fund (ETF), which may offer a great vehicle to trade declines in the real estate sector.It appears SRS has rounded out a trading bottom on this 2-hour chart. Both price and the 20-hour moving average are back above the 50-hour moving average. My front weighted TS...
peterworden Last Updated: Wednesday, January 14, 2009 1:46 PM via Peter Worden's Blog

Short-Term Correction Likely to Continue

SPY has been riding along the top of its 200-bar moving average on this 10-min chart, trying to hold support throughout today's session. TSV has begun to show some subtle selling pressure today, which I believe suggests an upcoming downside resolution of the (200-bar) price moving average.
peterworden Last Updated: Wednesday, January 07, 2009 12:37 PM via Peter Worden's Blog

Video Analysis of The Metals & Mining Sector

Click on the link below to view my new 18-minute video, in which I specifically analyze the silver mining and steel stock sectors. In this video, I also offer up some individual buy candidates. http://videos.worden.com/videos/swf/metalsandmining/metalsandmining.htm  
peterworden Last Updated: Friday, December 19, 2008 2:17 PM via Peter Worden's Blog

Minor Uptrend For QQQQ Still Intact

QQQQ has moved up about 4% since my most recent online video, posted on December 3 at www.Worden.com. QQQQ has been making higher lows and higher highs since hitting a low last month. My short-term uptrend line drawn from the November low illustrates what I consider to be the primary focus right now...
peterworden Last Updated: Friday, December 12, 2008 5:03 PM via Peter Worden's Blog

UDN Looks Poised to Rally on Correction in Dollar

I have been calling for a correction in the U.S. Dollar. A good vehicle to play a pullback in DXY0 is UDN. This U.S. Dollar Bearish Fund ETF appears poised to rally from here. My 3-hour chart, which spans back to mid-September, shows a pretty nice base in place. TSV has remained above the zero-line ...
peterworden Last Updated: Tuesday, December 09, 2008 12:00 PM via Peter Worden's Blog

Steel Stocks Looking Better - ZEUS

ZEUS appears to be a good buy right here. TSV has broken decisively up through the zero-line for the first time since early in the decline back in June/July. Price itself is also signaling a character change with its moving up through the 50-day moving average. I also really like this pattern in our...
peterworden Last Updated: Tuesday, December 09, 2008 10:37 AM via Peter Worden's Blog

Short-term Rally Underway for QQQQ

I have just posted a new 6-minute online video available for viewing at www.Worden.com. In the video, I take a detailed look at the hourly QQQQ chart presented here.As the market finished today’s session it appears QQQQ is breaking up through its downtrend line on the hourly chart. The advance-decli...
peterworden Last Updated: Wednesday, December 03, 2008 4:24 PM via Peter Worden's Blog

Can This Upswing Carry the DJ-30 Higher?

My volume-weighted MACD has been working pretty well (in recent days) on this 3-minute chart. Note the periods of green and red price bars and their correlation with the upswings and downswings. The DJ-30 is currently in the midst of an upswing, but can it last?I do like the fact that twice today pr...
peterworden Last Updated: Tuesday, December 02, 2008 7:00 PM via Peter Worden's Blog

AAPL is Poised to Rally from a 2-Month Base

AAPL has been trying to build a base over the past two months and may now be poised to move back into triple digits. My 3-hour chart is somewhat of a unique time frame. My volume-weighted MACD is giving the go sign and TSV has just survived a test of both the zero-line and its own moving average.
peterworden Last Updated: Tuesday, December 02, 2008 6:35 PM via Peter Worden's Blog

Short-Term Bottom in Place for JEC

A short-term double bottom is in place and JEC is rallying with upturns in the technical indicators. My volume-weighted MACD has been positive for several weeks now, hence the green price bars. Worden Stochastics has turned up sharply from oversold territory and TSV is back above the zero-line. JEC ...
peterworden Last Updated: Tuesday, December 02, 2008 6:18 PM via Peter Worden's Blog

U.S. Dollar Index Rolling Over

I have previously posted bullish Worden Notes in TeleChart Platinum (Sept. and Oct.) This has been a nice run for the U.S. Dollar over the past several months, but it now appears another pullback is underway. The 20-day price moving average (magenta line) has been violated with yesterday's closing p...
peterworden Last Updated: Tuesday, November 25, 2008 11:51 AM via Peter Worden's Blog

SP-500 on 11/20/2008

On Tuesday morning (Nov. 18), I reiterated my overall outlook on stocks when I wrote the following in TeleChart Platinum chat: [11/18/2008 10:50:42 AM] “I believe another leg down is in store for the major stock indexes, but I am not certain if we'll rally first or simply head straight into the nex...
peterworden Last Updated: Thursday, November 20, 2008 5:21 PM via Peter Worden's Blog

RIMM on 11/18/2008

This daily chart shows a series of positive TSV divergences with price. Additionally, TSV is back above both its moving average and the zero-line. This encouraging action in RIMM would seem to bode well for the prospect of a tradable bottom here for the NASDAQ and probably the other major stock inde...
peterworden Last Updated: Tuesday, November 18, 2008 5:21 PM via Peter Worden's Blog

RIMM on 11/18/2008

Prior to the open this morning, I posted a Worden Note on RIMM in TeleChart. The stock rallied nicely today and looks good for more upside. This hourly chart shows a bullish signal actually occurred yesterday morning.
peterworden Last Updated: Tuesday, November 18, 2008 5:05 PM via Peter Worden's Blog