Michael Clark's  Instablog

Michael Clark
Send Message
Michael J. Clark was born and raised in Sinclair, Wyoming. He is a poet, novelist, artist, historian, and market analyst. His fine arts portfolio can be found at the following address: http://www.hoalantrangallery.com/MJC2.htm His writing portfolio can be found at:... More
My company:
Clark's Gate Timing System ©
    Aug 19, 2014 1:31 AM

    Two new long positions today. Buy TD, Toronto Dominion Bank; Buy NTRS, Northern Trust Corp; take profits in OUTR, Outerwall/Coinstar, with some hesitation.

    Our system says sell OUTR: I'm not sure we are at the end of its positive run. But we follow our system.

    We bought 7/30/14 @ 53.73. We sell today @ 61.57. A gain of 14.59%. Again, our primary trading trigger is the red line in the bottom pane of the chart, EMV MJC.

    (We hesitate to sell this because the brown line in the second pane of the chart, CGTS Old #1, is climbing straight up, which is almost always a sign of more gains coming. When it loses momentum, we would be eager, then, to take profits. But we are following our system.)

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)We have bought four banks/financial institutions in the last two days, BK (Bank of NY, Mellon), STT (State Street), NTRS and TD. This makes us wonder if banking stocks are bottoming. We look at BKX, the Banking Index, and see that banking stocks are, indeed, trying to bottom. Our trading indicator EMV MJC is in red in the top pane of this chart, apparently resting. Note the accuracy of the brown line, CGTS Old #1, in shadowing (and sometimes in leading) the price up and down. We want the blue line in the top pane, the short-term trend, to go positive as a sign that the selling is over.

    (click to enlarge)Best trading,

    Michael J. Clark, CGTS

    Hanoi, 18 August 2014

Back To Michael Clark'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.