Market Curiosity: Exploring Markets And Systems

July 22, 2013

ACT – Buying backtest and channel (update 2, Aug 27) +3%

Filed under: +0 to +5%, Backtest — Tags: — Jeff Fitzmyers @ 7:43 am

Buy stop about 127.50.

Stop loss about 116.

+ IBD Top 50 stock.
+ Nice tight sideways channel too.
– Edit: Opps! Chart price label should be “backtest”, not “retest”.

ACT daily july 21 2013

Update 1 August 21
Stop loss moved up to about 131. Medium term CCI is pointing down and crossed below long term CCI.

ACT daily aug 21 2013

Update 2 August 27
Will likely exit tomorrow morning.

Update 3 August 28
Stopped out 131.75 +3%
– Broke out of the rising trend line and short term EMA.
– All CCI’s seem to be rolling over.

Actually, shorting below today’s low with near today’s high a stop loss, is an okay reward : risk ratio. Initial target would be around 123.

ACT daily aug 28 2013

July 20, 2013

WPRT – Buy possible retest of a breakout

Filed under: Backtest — Tags: — Jeff Fitzmyers @ 11:02 am

Buy stop: Yesterday’s high.
Stop loss: around 29.65.

+ Buy stop is the top of yesterday’s NR7.
+ WPRT is a favorite stock of Stansberry Research.
WPRT daily July 20 2013

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