Hi Jim,
I checked out a 10 minute chart and RSI is starting to rise. This is a tip for my fellow traders you can’t get the true picture on a daily chart so before you jump in look at a short time shows you.
Anyway thanks very much for a new stock pick, it has been a very trying year as you know mainly due to being an election year.
Thanks again for all your work

Jim,
When I signed up I thought we were going to receive phone text messages. How do we make this happen?
Thank you.

Buying BMA on the dip.

Thank you Jim.

I just placed my first order in SW for this one. As the market is closed, the spread was high and my limit order $77 was slightly above the current price $76.60 but below the Ask price of $85.30. I am trying to understand how to best do this. I appreciate the suggestions of Black Arrow, but don’t understand enough right now to execute them. When I put in $77 as my limit price, the bid price was $75. So I’d like to understand what would have been the best solution: [1] buy limit at the current price ($76.60) and hope it doesn’t open higher; [2] buy limit lower before the market opens in the hope of catching it as it drops, then try again tomorrow if I don’t catch it on the fall? [3] buy limit at a price still under Jim’s suggestion but higher than the current price?
Hoping some of your guys can set me straight on how to make the most of this service. I’ve been using a brokerage service for the past 16 years and haven’t had to learn any of this stuff myself. Thanks! 🙂

Hi Janis,
This is good that you gave it a shot! You did not pay the ask before the open good for you. I am assuming you did fill the trade? If you have not yet then remember most brokers are happy to help you over the phone, if you need a bit of help. Buy limit at current would be OK and may work – you don’t need to worry about it going higher because if you choose limit they can only sell it to you at your specified price. If iyt is possible for you to buy after the market is open you can see prices at the time which is helpful. Previous close was 76.60 todays open was 76.61 so pretty close range there in actual price. You could have entered at current price which is what I often try, maybe you would have paid less, but we all feel a little lost at first so if you took a position at 77 that is still fine.

I am going to attach my chart which I just marked up, of BMA http://schrts.co/E2pXav
I know it is a bit to take in but I just want to show you a few things I think.
look at the top right corner above the picture we see it is up comparing today with yesterdays close. We also see the volume 11,263.
Come down to the main picture what we have in recent price action is a ‘FLAG’. Note my dashed red lines these are trend lines. Since 10/6 I’d say this stock has been in a short term decline – this is OK.
Sometimes I like to compare to Tai Chi in tai Chi we say that which goes up must first go down. See the widest red Candle that formed the low of the Flag. now todays is a tad higher. Today volume is low likely due to the Fed – Janet Yellen will release minutes of last months meeting. Everything stops and waits. After they make their statement then we get to see the markets reaction later this afternoon. To show you the Flag I made two more or less parallel lines. What we want to see is a trendline Breakout in price above the higher dashed red line.

Now I want to explain a few other lines. See the Blue line? That is the 50 day Moving average we want our stock to be above that – it is :^). at the right hand end of blue line is the dashed red centerline of Bollinger Bands that dashed red line is the 20 day moving avg. When we will be approaching the profit moment here is what we will see. The Candlestick for that happy day will be a clear or some say white candle. We will see that candle touch the upper bollinger Band YES we will be celebrating! Lets create an actual example of your new stock holding using the bollinger bands OK? look at SEP 15the candle was at the bottom band. after that it made an uptrend to the Candle of the 5th of October and hit the upper band. On 9/15 it closed at 72.97; 10/5 when it hit the upper band its close was 79.71 that was a 9.2% increase.

May the Force be with you Janis as well as all the members and Jim Pierce who has brought this to us

This is my first post… Based on a buy for BMA below $81 and a stop loss at $72, are we suppose to sell when the price hits $72 or less or will we receive an e-mail/text message from SW directing us to sell the position at the stop loss price? I’m trying to figure out how the alert system works.

New to this service. Is it safe to assume to enter a trade at any time it is below max buy price regardless of the timing?

Im am out here is my formula:
end – start / by start X 100 = %
79.75 – 76.46 /76.46 X 100 = 4.3 %
Todays candlestick as of now is the Ominous Hanging Man
remember bears make $ bulls make $ but Pigs get slaughtered
ok back to my pulled pork in the crock pot

question: in the case of BMA I have reached the target return %, should I wait for a sell alert or should I sell. I noticed that you have not sold yet, but some followers have sold once the target return % 4.2% was reached. are you holding for a specific reason?

i paid $76.61 and moved my stop loss to $78.00 and let it ride and see if it go,s up …WAAAHOOO. so far so good

Hi Ado,
I hope all our members succeed in the overll picture. I just want to point something out I am looking at a chart of BMA and will supply a link : http://schrts.co/E2pXav
Lets look at the evidence, in the top price chart area yesterdays candlestick was what is called a Bearish engulfing, this is usually followed by a downtrend. On the positive side of the ledger candles are short term predictors we can see how it wnt down very recently – and then rebounded. At the top we see someone bt 517 shares last night. It is above the important 50 day MA it is above the center of the bollinger bands, so you may need to hang in there and wait for another short uptrend.

Any thoughts on BMA? Got bumped out on my stop price today, but wondering if buying back in is a good plan since we are still far away from the gains planned.

Jim,
I am curious if BMA has recorded another buy signal in your system? On 10/26 the last trade was a buy of 1113 shares and it closed at 77 the candle straddles the 50 day MA. I am wondering if this is a “play it Again Sam” candidate?

Holy Banco Macro!
It had a wild ride up to 78.64, now its back to 77.11.