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Welcome to Greenback Trading, My Name Is Michael E-mail

I post a daily list of Chart Pattern Break Outs, five each for potential Long and Short Trades. These are the top five stock charts based on sixteen specific patterns, and several top secret but very important technical triggers.

Out of the top five Bullish Break Outs I list my top pick for the Daily Spot Light Stock-Long and out of the top five Bearish Break Outs I list my top pick for the Daily Spot Light Stock-Short. That's five Chart Pattern Break Outs-Long and five Chart Pattern Break Outs-Short every day plus the Daily Spot Light Stocks. Watch the video Week in Review for an idea what these stocks look like.

Week In Review  Image Then sign up for $19.95 a month . It will be the best 20 bucks you ever spent!

 

Image 3/8/10 Some Bullish Ideas For Tomorrow.

3/08/10 Revisiting RIMM from January 29th when it was $64.00 This isn't meant as an I told you so, but as a reference to the technical analysis of a higher low and the use of the 20 day moving average. If you compare the second chart  from January to the current chart from today, the higher low, and the 20 day moving average, you should see the buy point at $64.60 and why it was a buy. I hope this makes sense, without being to long winded.

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1) A higher low in place.  2) A jump up over the 20 day moving average 3) Higher volume 4) A buy signal with Stochastic. 

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Microsoft MSFT looks like a break out of a small Triangle Pattern. The 20 and 100 day moving averages held up as support and it looks like a buy signal here with a stop order just under todays low of $28.53

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All charts are Courtesy of www.Prophet.net

A look back at the Daily Break Outs for the month of February.  In particular the Spot Light Stocks listed for both Long and Short stock picks. It is a tremendous showing that out performed the Dow, NASDAQ and the S & P 500.  

Image A showing of February Spot Light Stocks. Daily Long and Short stock picks out the the Daily Break Out Lists. Sign up today for $19.95 a month. 

 

Tenet come up on our search for the Daily Break Outs-Long list today. THC has broken out to the upside of a Channel Pattern and is trading above all three moving averages. There was a small increase in volume today and also has a buy signal on Stochastic.

This looks like a buy that could trade up to the recent high of $6.50 for a little over 17% gain.  With a stop order in place at $5.34 you would be risking $0.21 for a possible $0.95 or a 4.52 to 1 risk to reward trade. 

Stocks just like this one are breaking out everyday, if you are not finding them, sign up for the low price of $19.95 a month. Check out the Membership page for details about this service.  

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Real Estate is breaking down across the board. This just happens to be PLD Prologis falling apart out of a Head and Shoulder pattern. A couple others are URE and AMB

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All charts are Courtesy of www.Prophet.net

A sixty day chart of the Dow looking pretty negative. The red indicator on the bottom is (OBV)  On Balance Volume and it looks pretty negative also. Or you could say its hit a bottom?

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All charts are Courtesy of www.Prophet.net

Is it a sign the S & P 500 is about to head lower?  A nice rally back to the top of the channel and Stochastic is rolling over. Maybe a test of the recent low at 1,044.50 is in the cards. 

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All charts are Courtesy of www.Prophet.net

A followup on RIMM, Research in Motion from 1/29 At $64.60. At the time RIMM had just jumped across the 20 day on an increase in volume and was looking like a buy. Friday 2/5/10 RIMM closed at $67.75 up 4.88%. Scroll down a bit to see the original chart.

Now I will grant you that 4.88% Isn't a huge move in 6 days, but who knows if RIMM will move higher or not. The moral of the story, if there is one is that the buy signal was there, even though the market has been all over the place, to mostly down. Emotions can take over and keep you out of a lot of good trades, not to say that sitting on the sidelines with cash is a bad thing.     

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All charts are Courtesy of www.Prophet.net

Research In Motion @ $64.60 looks like a buy. A nice higher low in place, jumped up over the 20 day moving average on an increase in volume, and Stochastic is curling around to show a buy signal. Looks good to me with a stop order at $60.39, or will the overall market drag RIMM down.   

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All charts are Courtesy of www.Prophet.net

 

Image   Rough day in the market today. Click the reel for a short video.

 A 30 day chart of the S & P 500, pretty brutal unless you were short the market.

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All charts are Courtesy of www.Prophet.net

The following is a chart of the financial Index, trading in one big trading range. It looks like 13.50 is the line in the sand. If the Bulls can't muster some kind of rally off that trend line, it could be a real change in direction for the overall market.  

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All charts are Courtesy of www.Prophet.net

 

 

Here's A little reading material from our friends at Elliott Wave.

I looked at charts for hours thinking there must be a clue to the coming weeks market direction. Well, I couldn't find anything other then it seemed Friday was heavy handed. Meaning stocks dropped a lot more then they should have for a mild little sell off. Anyway, when a red flag like that shows up it pays to be aware of it.

This is a sixty day chart of the S & P 500. It is still within the rising channel but even if the trend line was broken it looks like decent support in the 1,100.00 area. I don't see anything Bearish in this chart for now, but that can change quickly.  

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All charts are Courtesy of www.Prophet.net

This is an awesome Chart Pattern Break Out. You can see the break out day, a two day pullback to test the trend line and it looks like CSCO is off to the races or at least $27.50. Are you finding and trading Break Outs like Cisco Systems? If the answer is no, why not Sign Up For $19.95 A Month. 

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Did you buy this break out? Just asking because it was a Spot Light Stock highlighted for our members that opened at $9.82 on Monday and is up 22.51%. It doesn't take many trades like this to pay for a subscription. Sign Up today for $19.95 a month   

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It looks like the Bulls have a firm grip on the S and P 500 for now. In fact it looks like 1,228.52, or 92 points to the up-side is within reach. There are a ton of reasons for this market to fall apart, and there are just as many people waiting for that event to buy into this market.

The old saying is "The market climbs a wall of worry" and that is what it appears to be doing. 

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All charts are Courtesy of www.Prophet.net

Did you buy this Triangle Break Out, or are you just now seeing it for the first time. Our subscribers saw this chart as a Spot Light Stock on 12/18 at $20.34 the day it broke out. Click Here and sign up for $19.95 a month. Start trading something that makes sense, Chart Pattern Break Outs.

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All charts are Courtesy of www.Prophet.net

Are we on the cusp of a melt up? A huge short covering rally? OK, maybe just a nice clean break out of a small trading range. Either way it appears to be Bullish to the next Fibonacci Level.

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All charts are Courtesy of www.Prophet.net

If you are nimble you can make money in this market , get Long near the bottom of the range with a tight stop, and Short the top of the range with a tight stop. Either way its a tough market that both sides (Bears and Bulls) can make a claim for. Personally, I don't really care what they are arguing about, be it the Dollar or Obama's  Health Care. I think its important to filter out the noise and look at the chart for what it is, A big trading range.

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All charts are Courtesy of www.Prophet.net

An old Fuddy Duddy index that is up big time. I guess dividends are attracting a lot of buyers, as it is setting new yearly highs. Check out the next chart to see what came up on the Top 5 Long list and was high lighted as a Spot Light Stock. We have been pounding the table on dividends (mostly REITS) for a while now. I don't mean to harp on this but if you are missing out on trades like these, to sign up is $19.95

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All charts are Courtesy of www.Prophet.net

SO Southern Company and member of the Dow Jones Utility index. This stock broke out of a triangle pattern at $32.00 and we made it a Spot Light Stock the day it broke out. Simply Beautiful..........

If you are not finding stocks or are spending a lot of time doing the research you really owe it to yourself to sign up for $19.95 a month and start trading some Chart Pattern Break Outs.

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All charts are Courtesy of www.Prophet.net

The SPX has been stuck in a small trading range for a couple weeks and now could be the time it makes another run at new highs.  

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All charts are Courtesy of www.Prophet.net

A look at REITS and Long Term Capitol Gains with a couple that look like investments. Click the reel. 

12/01/2009 Yesterday MU Micron broke out of a Triangle Pattern and was our Spot Light Stock for today. As you can see it took right off this morning and finished the day up over 5%. If you are looking for Chart Pattern Break Outs to trade, go to the Membership Button on the menu and see what we are offering. Todays move in Micron could have paid your months subscription rate.

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All charts are Courtesy of www.Prophet.net

A great looking Head and Shoulder Pattern that looks like it is ready to start the decline to lower prices. This came up on the Top 5 Shorts list yesterday and again today, with a target down at $7.32. Check out the Membership Button on the menu to sign up for a month and see if pattern trading is for you.

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All charts are Courtesy of www.Prophet.net

The following chart is a perfect example of what you get when you register for the Top 5 Long and Short Lists. We highlighted this stock the day it broke out. Not every stock acts so perfectly but this is what we search for each and every day. Sign up today if you are interested in Chart Pattern Break Outs.

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Charts courtesy of Prophet Financial Systems, www.prophet.net

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