Trader’s Narrative

FMD gapped up and printed a rather bullish first (30 minute) candlestick. The second candlestick was also bullish closing higher but it left a bit of an upper wick. This was the first sign of a potential reversal.
The next two candles were hammers. Concurrent with the pause in price, volume contracted (purple arrow). The […]

Two days ago I offered a chart and asked whether you would buy it or not. Rather than reveal it in the comments section as promised before, I decided to make a new post to show you the price action that followed:

For those keeping score:

Eyal went long with a trailing stop above $7
Michael preferred to […]

If you read a few trading advisory sites, it doesn’t take long to notice that some of them revel in their own vocabulary and lingo. It gets so bad that they offer dictionaries to ease novice readers into their world.
For example, take Contrarian Chronicles by Fleckenstein. He provides a handy ‘dictionary’ to help you de-code […]

Let me savor this moment… ahhh!
It isn’t everyday when a lowly blogger gets one above Birinyi Associates - a professional research outfit that serves up spoonfuls of research to institutional clients on Wall Street.
On June 16th, TickerSense reported that the AAII sentiment survey result was showing bearishness above 50% (at appx. a 55% […]

Simclar, Inc. contract manufactures electronic and electro-mechanical products. The products are manufactured to customer specifications and designed for original equipment manufacturers in the data processing, telecommunications, instrumentation, and food preparation equipment industries.
Simclar broke out of a long and flat base in early May. So far, its rise has been meteoric. Will it continue after this […]