Category Archives: Trade Recommendation

Exit $CLF at Open

Due to the weakness  of the general market, CLF is not able to meet our target.  Time to get out.  We issued an alert to get out the remaining 2/3 positions at open today.  We got out @9.27 at open today.  Members took profit for 1/3 of the positions overnight for over 7% profit on Jan. 11, 2017.  Some of our members, heeded our stern warning

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Short $BAC Right NOW-Weekly Cycle Top Is In

Sell market order short $BAC NOW, stop loss 23.41. Market order filled @ 23.22 at 10:20am. The weekly cycle top is in @23.41.  Downside target is 19.82-20.00.  We are long term bullish with BAC, but a correction is healthy for it to resume the move.  The anticipations of good earnings have baked in the price.  Today it ran up to 23.41 in a hurry and was promptly sold off from there. 

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$CLF Swing Trade Update

We issued buy recommendation at 9:56am today.  The long entry order was filled at 10:39am at 9.08.  It went really well after the entry.  During the intraday correction period 12:15-14:10, it didn’t violated any critical technical levels.  It never even came close to the open range high.  Despite weaknesses in the general indices, it was a solid bullish day. 

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$CLF Swing Trade

CLF is in the process of coming out the weekly alpha cycle low.  When it takes out the prior swing high at 9.08, it’s a confirmation that CLF will rally for the next 5-8 trading days.  Long entry@9.08, price target 10.56-11.96.  Time target Jan 19, 2019.  Get out of the trade by Jan 19, 2017 the latest regardless if the price target is fulfilled.  Stop loss 8.28. 

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Member Blog – BAC Multi-Year 2009-2016 Breakout

BAC was a major casualty of the post financial crisis in 2009.  BAC purchased Countrywide Mortgage for 2 billion dollars.  The total fines BAC  paid to the various government/regulatory agencies was around 50 billion dollars.  BAC has been lagging in the banking sector.  BAC’s vast banking branches collected handsome amount deposits.  In a rising interest and less regulatory environment, BAC should perform. 

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