|
|
Post by blygh on Nov 5, 2014 20:29:48 GMT -5
SD, are you concerned that the GOP victory will lead to lower health care spending? If the personal mandate gets overturned, there could be a lot less health care spending. If the health care equipment is over turned, there will not be enough money in the ACA to subsidize the mandates. Other factors to figure in are how much of a role can we expect the Senate Banking Committee to play in Fed decisions. Sen Shelby and Yellin do not get along. I am moving towards the sidelines unless I see a definite trend. I think the area of infrastructure should play out well. Steel stocks are showing signs of life and energy should do OK (at least until the Saudis decide to cut prices to discourage further production.
Blygh
|
|
|
|
Post by sd on Nov 6, 2014 8:31:04 GMT -5
You could very well be right- The Republican mandate does take a tighter approach-and healthcare largess will be a target. You make good points, and these could pull the plug on the momentum continuing higher in the future-
Will wait to see when that actually occurs
Will that be a negative for everything healthcare-biotech related? Perhaps- but perhaps not- I think the charts will tell us-how the election is perceived by the investment community-
So, while there has been a very strong overall uptrend for several years, with some substantial pullbacks, those pullbacks have been good opportunities after multi week declines- to get back in.Overbought condition recently.
I am trying to find that balancing act where I don't allow a bias to interfere with the trade- but things have stalled here - Chart wise- everything had reached a wide extension- can be viewed as the widening gap between a slow ema and a fast ema-
Everything returns to the mean- and occasionally overshoots in a reaction to the other side lower--This might be an opportunity to take a smaller tactical trade with an inverse (short) - but very short term, fast chart.
Have to respect the primary trend until it is broken- weekly chart -has had some declines- but in several years past has not had a fast ema cross with price hitting and breaking a prior swing low. (multi-week decline pullbacks)- So -a Lower Low and a lower high has not yet occurred on the larger time frame- So, I'm not an investor per se- trying to tactically trade in - and out-
Thanks for the observation- well worth keeping in mind as something that may be aiding the cause of stalled price-not just an overextended move- market concerns could be in play
Cure is my only trade left in that arena- and my stops are in place. Presently it is in a sideways consolidation- I'll review it again this am and see if i feel I need to tighten up stops-
You make another valid point- following sector rotation- and having an eye to step into a sector gaining in strength & market momentum-I have to keep the universe narrow- so sector etf's are the way I would play that.
|
|
|
|
Post by sd on Nov 6, 2014 21:43:37 GMT -5
Cure has been a great trade as it went trending higher and never challenged my entry stop-
It is an example of getting the gain of a 3x - but it could just as easily have the opposite result.
What i like about the trade is the ability to ignore the smaller pops higher as price was declining- and waiting for a real turn off what turned out to be a bottom. The personal challenge has been to not try to protect a small profit - but allow the trend to continue with stops that are not too tight- This is an unusual trend higher- and is now over extended- so stops are now split- one at 116, one at 114.
[/fo nt]
|
|
|
|
Post by sd on Nov 6, 2014 21:44:45 GMT -5
|
|
|
|
Post by sd on Nov 8, 2014 14:12:31 GMT -5
another view of CURE through a renko chart 60 min hi-lo- Now there is a 3rd red box matching the prior 2 red boxes as price consolidates. if I apply a "rule" here on this type of chart- it could be that I give it 1 box value lower to give it the opportunity to survive another day and potentially go higher or test the higher part of the range AGAIN. Possibly, it moves higher but I am not optimistic- However- I'm not selling yet-I will allow the stop to be hit -and take the smaller profit- should price manage to go above this range- I will have to be prepared to reenter-
|
|
