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RE: Beginners Questions - goodtyneguy - 2014-04-08

Well I think SGLB has a very good technical pattern and the volume characteristics are pretty good whilst as pointed out it is not in alignment with the groups stage.

I obviously did not check the group out before entering. Closed the position for a scratch trade, thanks folks.


RE: Beginners Questions - Tryst - 2014-04-08

(2014-04-07, 05:02 PM)isatrader Wrote: Here's a link to a website that lists the various 3D printing stocks: http://www.3dprinterstocks.com/a-list-of-3d-printing-companies/

Exactly what I wanted...and agreed, not a group to be involved with yet.

Thanks all


RE: Beginners Questions - MalcolmSm1th - 2014-04-14

(2014-04-07, 01:47 PM)Tryst Wrote: Malcom, where in Wales are you from?

I am from Wales...Pontypridd/Cardiff area.

Tryst

Hello, apologies for the delay in getting back to you. I have been immersed in these O'Neill Disciple books over the past few days and they're great reading in giving me lots of ideas.

Where am I? I on the LlÅ·n Peninsula just to the West of Porthmadog in a small cottage just off the main Cricieth road in the woods.


RE: Beginners Questions - malaguti - 2014-04-15

Would I be correct in saying that Lloyds is now in stage 4, and that the thick black line (which although isn't precise does a good job of highlighting an area) would mark its initial breakdown? Or are we now in a stage 4 continuation?
Did stage 4 take place higher up at the red line?
The reason why I ask is that I've been following this for quite some time and yet its only in hindsight and past its breakout does it become apparent.
volume is lower so not a deal breaker, but not confirming the breakdown and the Mansfield RS has just popped into the negative
any thoughts as to a good candidate, or am I chasing this one?


RE: Beginners Questions - isatrader - 2014-04-15

(2014-04-15, 10:05 PM)malaguti Wrote: Would I be correct in saying that Lloyds is now in stage 4, and that the thick black line (which although isn't precise does a good job of highlighting an area) would mark its initial breakdown? Or are we now in a stage 4 continuation?
Did stage 4 take place higher up at the red line?
The reason why I ask is that I've been following this for quite some time and yet its only in hindsight and past its breakout does it become apparent.
volume is lower so not a deal breaker, but not confirming the breakdown and the Mansfield RS has just popped into the negative
any thoughts as to a good candidate, or am I chasing this one?

I would say that it is Stage 4A, as of last weeks close due to the the breakdown below the latest weekly swing low that had formed below the 200 day MA, and the turning lower of the 30 week MA, and relative performance weakening below the zero line.

The earlier breakdown that you marked occurred with a still slightly rising 30 week MA, and with only a small range into multiple support levels from the 200 day MA and the previous late 2013 range, as well as being quite far above the rising cloud support.

I don't think you are chasing as it's in the early part of it's breakdown, but you should check the other constituents of the banking group and compare against it, as the likes of BARC.L or RBS.L still look much weaker from an SA perspective imo, and there might be others in the group that are weaker still.


RE: Beginners Questions - malaguti - 2014-04-16

(2014-04-15, 10:33 PM)isatrader Wrote:
(2014-04-15, 10:05 PM)malaguti Wrote: Would I be correct in saying that Lloyds is now in stage 4, and that the thick black line (which although isn't precise does a good job of highlighting an area) would mark its initial breakdown? Or are we now in a stage 4 continuation?
Did stage 4 take place higher up at the red line?
The reason why I ask is that I've been following this for quite some time and yet its only in hindsight and past its breakout does it become apparent.
volume is lower so not a deal breaker, but not confirming the breakdown and the Mansfield RS has just popped into the negative
any thoughts as to a good candidate, or am I chasing this one?

I would say that it is Stage 4A, as of last weeks close due to the the breakdown below the latest weekly swing low that had formed below the 200 day MA, and the turning lower of the 30 week MA, and relative performance weakening below the zero line.

The earlier breakdown that you marked occurred with a still slightly rising 30 week MA, and with only a small range into multiple support levels from the 200 day MA and the previous late 2013 range, as well as being quite far above the rising cloud support.

I don't think you are chasing as it's in the early part of it's breakdown, but you should check the other constituents of the banking group and compare against it, as the likes of BARC.L or RBS.L still look much weaker from an SA perspective imo, and there might be others in the group that are weaker still.

ok nice to know I'm not creating something that isn't there. I'll check its progress now back to the 30 week MA. The sector is indeed looking very weak but Barclays looked to have a little too much support. HSBC would have been my preferred choice but this is already well under way, and I was really looking forward to following something from the off. Lets see how it goes
Thanks again


RE: Beginners Questions - AzzMcD - 2014-04-23

(2014-03-31, 01:10 PM)isatrader Wrote:
(2014-03-31, 12:48 PM)AzzMcD Wrote: does ProReaTime have the ability to screen overall sectors?

You need to create your own list of the sectors by manually searching for the Tracking Symbol and adding them to your list, and then you can scan that list using the screener. You can find the tracking symbols here: http://stockcharts.com/freecharts/industrysummary.html?&V=W&G=SECTOR_SPDR - you just need to delete the $ symbol in front of each to find them in prorealtime.

Hi Again
I thought I should be a level up from the list on the link?http://stockcharts.com/freecharts/industrysummary.html? Look at the chart for each overall sector, then go deeper? What do you think? I also found a list here http://www.asx.com.au/products/sector-indices.htm#asx_lic_index that seemed pretty good. Is my list accurate? Still to set up the analysis, what you see is just realtimepro screening. Your thoughts please Iastrader, thank you Azz


RE: Beginners Questions - isatrader - 2014-04-23

(2014-04-23, 11:25 PM)AzzMcD Wrote: I thought I should be a level up from the list on the link?http://stockcharts.com/freecharts/industrysummary.html? Look at the chart for each overall sector, then go deeper? What do you think? I also found a list here http://www.asx.com.au/products/sector-indices.htm#asx_lic_index that seemed pretty good. Is my list accurate? Still to set up the analysis, what you see is just realtimepro screening. Your thoughts please Iastrader, thank you Azz

Yep, it looks like they are the major sectors in the ASX market from the website you found, so it is a good place to start your sector analysis.