Seeking Alpha

All About Trends'  Instablog

All About Trends
57 Followers
3 Following
Send Message
All About Trends is a subscription based newsletter service focused on helping individuals secure consistent profits in the market by trading what they see, not what they think, hear or fear. "Like us" on Facebook at www.facebook.com/AllAboutTrends.net and receive our free report --... More
My company:
All About Trends
My blog:
All About Trends
  • Big Gains Come From Buying Leading Stocks At Support 0 comments
    Jan 10, 2011 6:28 PM | about stocks: NFLX, AAPL, ROVI

    While the indexes continue to show range-bound trade, stocks like ROVI, NFLX and AAPL are showing us it’s a market of stocks.

    And to make the most of your trading, all you need to know is:

    Support, Resistance, The 50 day and Trend Channel Support and Resistance. There is no need to make it any harder than it needs to be. Below is the 60 minute chart of the S&P 500

    Those that understand how to buy support and are prepared to do so, got paid nicely today in ROVI. Notice where the lows were this morning. Why?


    Because that is a support level. We’ve had that blue line on this chart long before this issue even got anywhere near it today. Just another reason why you need to use and know what support and resistance is all about.

    Let’s look at a short term 30 minute chart and see just how long we had to be able to take a long side trade on this one.



    Wow! 59-64 is a great trade. And those that understand support and buy support even “in the face of fear” got a great trade today.

    To learn more, visit our blog site and sign up for our free newsletter to receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."



    Disclosure: I am long NFLX, AAPL.
    Stocks: NFLX, AAPL, ROVI
Back To All About Trends' 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.

Full index of posts »
Latest Followers

StockTalks

  • $PKT -- all we ask is 10% a week. 22.16 to $24.52 -- a gain of more than 10% or just under $1,000 -- http://on.fb.me/KBgol5.
    Jul 24, 2012
  • $MLNX -- Bought as it pulled back to support. This morning we sold for a gain of 30.73 points or +48% -- http://on.fb.me/KBgol5.
    Jul 19, 2012
  • $Ebay -- Use the downside spikes to buy names that are setting up nicely without violating support levels -- http://on.fb.me/KBgol5
    Jul 17, 2012
More »
Posts by Themes
All About Trends.net, alternate entry points, alternative entry points, canslim, cup with handle, David Grandey, double tops, ibd, IBD, long-ideas, lower highs, market-outlook, O'Neil, oneil, resistance, short selling, short sells, short-sells, stop loss, support, swing trading, technical analysis, trend channels, Trend trading, trend trading, www.allabouttrends.net
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.