Jeff Pierce's  Instablog

Jeff Pierce
Send Message
I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
All About Trends
My blog:
My book:
zentrader newsletter
  • Things I Didn’t Like About Today 0 comments
    May 3, 2011 12:10 PM | about stocks: DISH
    1. Sell off on what the media portrays as “good news”.
    2. Individual stocks in my watchlist behaving poorly
    3. Stocks I own performing just plain bad
    4. One quality breakout added to my watchlist (see chart below)

    Volume was lighter on the Nasdaq, so that’s a plus as there was not a distribution day. Volume on the Dow was very light.

    Earnings winner EchoStar (DISH) – had a massive 20% gain as it broke out of a unusually large 18 month cup with handle. Using the base- confirmation line measurement, this will should easily get to $32 before some consolidation, but may have some problems if the overall market pulls back some. It basically did a weeks worth of volume today.


    Stocks: DISH
Back To Jeff Pierce's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.