Mid January Review

MarketNinja has been up and running for around half a month so far. I thought it would be a good time to discuss some of the opportunities I have alerted readers to, and the dismal performance so far. I was alays nervous of this when starting this blog, hopefully this will turn around.

Charter Hall (CHC)
Added $2.25, stop $2.17
Current $2.40, stop @2.23
Made a good move on the 12th but has reached resistance at $2.40. Trend still looks string. Stop hasn’t moves into positive territory yet.

Eastern Star Gas (ESG)
Added $0.32, stop $0.275
Current $0.295, stop $0.275
Short term trend looked like it was broken and an intraday low of $0.25 was reached on the 11th. The short term group has since bounced off the long term group and has yet closed below our stop loss. Long term trend line still intact.

Industrea (IDL)
Added $0.33, stop $0.305
Current $0.34, stop $0.305
Has reached resistance at $0.34,

Riversdale Minerals (RIV)
Added $2.20, stop $2.07
Current $2.05
Closed at $2.00 on the 11th below our stop loss.

Sunland Group (SDG)
Added $3.66, stop $3.53
Current $3.83
Closed at $3.41on the 8th below our stop loss. Trend has since been restored providing another entry into the stock.

Envirozel (EVZ)
Added $0.41, stop $0.385
Current $0.38
Closed below our stop on the 17th.

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Envirozel Limited, EVZ

Envirozel Limited (EVZ) closed below our stop loss today of $0.385. Exit tomorrow.

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QuoteTracker Review

QuoteTracker is an extremely useful application if like me you sit at a computer all day and love watching price action. QuoteTracker interfaces with various data feeds, brokers and financial sites to provide you with real-time streaming data. Some of the feeds are delayed, but if you have a comsec or e-trade account you can put in your username and password and it will extract real-time data.

Live intraday charts are a useful feature, not only displaying the price action in real time, but allowing you to apply indicators and trend lines. You can also display a historical chart. The indicators available are limited but the application doesn’t claim to be a replacement for your current charting application but are always being improved.

Being able to sort a list of stocks by various variables including percentage gain and volume improves speed of finding trading opportunities compared to your brokers watch list page. Multiple watch-lists and portfolios can be maintained.

QuoteTracker can also be used is provide data for trading applications such as Amibroker (requires QuoteTracker registration). QuoteTracker provide s real-time data to these advanced charting applications, allowing you to screen and chart without the need for purchasing expensive live data feeds. If you are relying on 100% guaranteed data, QuoteTracker isn’t a replacement.

The depth of the program is amazing for its price (free) and I’m continually finding new features to try out. Since an e-trade account is free, QuoteTracker is free, obtaining real-time data on your desktop couldn’t be cheaper.

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Chart Watch 2007-01-14

Alliance Resources (AGS)


Alliance Resources (AGS) is an excellent example of Guppy Trend Trading. From its initial breakout from around 30 cents, Alliance has provided only two exits signals using the count back line as exit ($0.75 and $1.69). The exit signal that occurred at $1.69 was when a JORC result was delayed, now due early 2007.

AGS has provided re-entry signals at $0.80 and now it looks like a new entry signal is being provided. This week we will be looking for the short term groups of Guppy MMA (specifically the 3, 5 and 8 EMA) turning upwards indicating traders are re-entering the stock.

I like using AGS as an example of why traders shouldn’t be afraid of stocks that are continuously making new highs.

Envirozel Limited (EVZ)


Envirozel Limited (EVZ) has not provided an exit signal all the way up from its breakout at around $0.16. Long term group show s a nice constant spread, short term group demonstrating healthy retraces towards the long term group. Current count back line at $0.385, close on Friday at $0.41.

Indestrea (IDL)


Indestrea (IDL) keeps maintaining a constant spread between the short and long term groups. Healthy retraces occurred along the way, with the pull back on the 2nd of January of most interest testing the short term group, reconfirming the trend. Current count back line at $0.305, close of Friday at $0.33.

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