Thursday, December 30, 2010
Wednesday, December 29, 2010
Channel Guy Trader: Testing DAS Trader Platform
I am testing the Das Trader platform and may be possibly switching over. This is how I have my desktop setup so far. I also use Think or Swim as my main system so this is just like a side runner setup. TOS has all of my channel analysis on it, so this is just really for order entry and quotes. Check it out!!
Tuesday, December 28, 2010
Channel Guy Trader: Slow Holiday Action
With the market being pretty much muted and all the stock charts looking choppy intraday I will wait to start posting a lot again. There are some decent movers intraday if you can find the ones that all the traders are watching, however moves are choppy and just come with more stress. Why not wait until all the traders comeback!! In any case, I will probably put up a video one of these nights and show you how the channel system is still giving alright signals in this light volume market.
Tuesday, December 21, 2010
Monday, December 20, 2010
Channel Guy Trader: Long V at 67.50. Using breakeven stop
I have a feeling late shorts on V will get burned and shorts will cover and take profit. Move is very extended and if your shorting here you are wrong. Either way I'm long from .50 with breakeven stop.
Friday, December 17, 2010
Channel Guy Trader: Lets take a look at the breakout we called !!
We could consolidate more within this support channel. I didn't draw the line, but if you draw a horizontal line at 1242.25 highs, we have are ascending consolidation triangle that we have become familiar with as a breakout pattern on our channel system. Means that we can chop around a bit more in this area before we get another leg up. A failure to breakout will bring some selling as the buyers up here are real giddy!! A breakout higher will bring a sharp rally because some people are trapped from yesterday!! So hope you are making money and our positioned right. Are subscribers to our newsletter are still finishing their lobster and steak from there AKS trade and our X trade that we alerted them about. They are also finishing their french fries off there fillet mignon plate from the IYR breakdown we called with the SPG short. Have a great weekend!!$$ =0
Thursday, December 16, 2010
Channel Guy Trader: Why draw channels on X
If you were trading X today congrats. I was focused on CREE on the open so I did not trade X. Now I just want to show you the importance of drawing channels. If pre-market action is reacting of the channel levels also thats even more golden.
Channel Guy Trader: KO Approaching Bear Market Highs
KO is approaching bear market highs from 2007 at 65.59. Is this a sign that the economy is recovering and people are now drinking more soda so must be spending more. LOL that was a joke. Looks good to trade higher first day out of range.
Wednesday, December 15, 2010
Channel Guy Trader: Newsletter
Below is an example of the newsletter we send out. We normally try to keep the alert list small, but there are plenty of setups tomorrow and the same time, why not!! Alerts are there for a reason so when it goes off, its like cookies in the oven and you check to see if its ready. With that said, I have put are main list below. Some of it is cut off because its just a screen shot, but you can get the point. If you are interested in getting on the email list send me an email. It is a free service, but we have some things in the works along with our very accurate channel system. Enjoy!!
Tuesday, December 14, 2010
Monday, December 13, 2010
Sunday, December 12, 2010
Saturday, December 11, 2010
Channel Guy Trader: Is Chosen In The Longer Youtube Video Selection
Alright so I have been banging out a lot of videos over past year or so and I have been gaining subscribers as I go. I have over 400 subscribers now and it continues to grow. If you are reading this and have not subscribed to my videos please do so. As I was uploading the video that I just finished, Youtube sends me a message saying that I am able to do videos longer than 15 min now. So that means more info for you guys and less stress for me about worrying that I am going to go over the videos. So all in all, We All Win!!!
** Weekend Video is now processing **
Channel Guy Trader: S&P 500 Futures /ES Channel Trading System Continues To Guide Us
SAY IT WITH ME CLASS " T = TRAP " and when there is a trap people are stuck and when people are stuck people are scared and when people are scared people are afraid they may lose money and people are afraid they will lose money if they are on the wrong side of the trade and people on the right side of the trade are going to be afraid to sell because they may think they are selling to early and blah blah blah blah blah blah blah. You guys know the drill!! Which one of you fools are about to get squeezed we shall see. It all depends if this pattern plays out!! We will have are bullish plays ready and are bear plays ready for if there is shake and bake Ricky Bobby fake out.
Channel Guy Trader: Lets Take A Look At The SPY On A Quarterly Basis
Taking a look at the SPY chart on a quarterly basis, you can see that the previous 4 quarters we were trading in a range between 102.33 and 116.62. That gives about a 14 point range that we broke out of at the start of this quarter. Now whether we succeed in holding these current quarterly gains I do not know and neither do you all, but we do know that we broke out of a tough range. Looking at some of you favorite stock charts in this perspective may also give you good insight on key levels that need to be watched. Based off of this chart the SPY can rally all the way up to about 130ish area before we encounter some resistance. If we break past that level we should rally back towards the 2007 highs around 145 on the SPY, which would be a double top. I will be watching the 130 area on the SPY as it seems like the most likely target if we continue higher.Notice how we had a sharp rally off the lows, sideways flag consolidation, and now are experiencing the breakout. Also notice how the volume has definitely tapered off and how the buying has been on light volume. We must take the volume into consideration, but as Brian Shannon says, " Only Price Pays." Enjoy!
Channel Guy Trader: Informative blog with great resources " One stop shop "
Hello Traders, I have been working on ways to revamp the blog to make it your one stop shop. I do sometimes enjoy looking around at different blogs for information, but at the same time when I'm in a rush I need somewhere, where I can find all the information I need in the same place. For those of you that fall into that category, I have helped you out here. I have listed great websites to check out and I have added a list that I continue to build upon of well accredited blogs that I think are very helpful and informative. If you have not checked out the bloglist I have created please do so for those people are hard workers and provide good information. If you have you own blog and you are not on the list please email me at askchrishetrades@yahoo.com and I will put you on the list. I should have the weekend video up later tonight and I will post some trade ideas or do a trade ideas video. If I was to talk about the market right now I would have to say that it is strong and has a very heavy underlying bid at the moment. Everytime the market looks to sell, buyers come in and buy it right up. Stocks across the board are showing relative strength and the market is always trading flat to higher. We must recognize this and not get cocky and try to short this sucker. I myself will be looking to buy stocks showing strength. We will take a look at some in the watchlist video.
Friday, December 10, 2010
Thursday, December 09, 2010
Channel Guy Trader: Upgrades and Downgrades
These are some of this Thursday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.
Canadian Imperial Bank of Commerce (NYSE: CM) Raised to Equal-Weight at Morgan Stanley.
Cooper Tire & Rubber Co. (NYSE: CTB) Raised to Buy at BofA/ML.
Edison International (NYSE: EIX) Cut to Neutral at Goldman Sachs.
Focus Media Holding Ltd. (NASDAQ: FMCN) Raised to Buy at Goldman Sachs.
Goodyear Tire & Rubber Co. (NYSE: GT) Raised to Buy at BofA/ML.
The Home Depot, Inc. (NYSE: HD) Raised to Outperform at FBR.
Janus Capital Group (NYSE: JNS) Raised to Overweight at Barclays.
Johnson & Johnson (NYSE: JNJ) Cut to Market Perform at Wells Fargo.
Legg Mason Inc. (NYSE: LM) Raised to Overweight at Barclays.
Lowe’s Companies Inc. (NYSE: LOW) Cut to Market Perform at FBR.
OpenTable, Inc. (NASDAQ: OPEN) Started as Perform at Oppenheimer.
Paychex Inc. (NASDAQ: PAYX) Cut to Market Perform at Wells Fargo.
Royal Bank of Canada (NYSE: RY) Cut to Underweight at Morgan Stanley.
Under Armour, Inc. (NYSE: UA) Cut to Neutral at Stern Agee.
Walgreen Co. (NYSE: WAG) Raised to Buy at UBS.
Wednesday, December 08, 2010
Channel Guy Trader: Proprietary Channel System Update on /ES hourly
This morning I noted that we could have a head and shoulders pattern play out. Well it was about to play out however, buy programs came in after say the first hour and pushed the futures back higher. In any case, the pattern is still in play and you can put it side by side with the one early and see the difference. For those of you guys that are advent followers of my blog, you guys know the power of this system I have developed over the past 1.5 years. Everyday is something new and I love it. It has great accuracy and pretty soon we will be providing it on a website once the capital is put together to do so. Looking at the chart below we see a possible head and shoulders still in play. A failed breakdown of this possible pattern will lead to a sharp rally and a breakdown of this pattern will lead to some good selling back towards the 1216 level. I will have more info on this later in the a.m and if I'm feeling grateful towards you guys I will post the updated chart =]. The way we use our system allowed us to capitalize lovely on the LVS trade this a.m and allows us to gauge the market open and overnight activity very accurate. Kudos and peace out.
Channel Guy Trader: Possible Head and Shoulders Outlined On Channel System
We have a possible head and shoulders in play on the hourly chart of the /ES. Based on the setup on the channel system we could see an early pop and then if we have trouble around 1228 area on the /ES then maybe are analysis of the pattern will come into play. We are still consolidating and holding above 1217 level.
Channel Guy Trader: Upgrades and Downgrades to work with
These are some of this Wednesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.
Altera Corp. (NASDAQ: ALTR) Started as Neutral at Janney.
Arch Coal Inc. (NYSE: ACI) Cut to Hold at Citigroup.
CBOE Holdings, Inc. (NASDAQ: CBOE) Started as Hold at Jefferies.
Foster Wheeler AG (NASDAQ: FWLT) Raised to Buy at Goldman Sachs.
General Electric Co. (NYSE: GE) Reiterated Outperform and $22 target at Credit Suisse.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) Started as Positive at Susquehanna.
Kansas City Southern (NYSE: KSU) Started as Positive at Susquehanna.
Netflix, Inc. (NASDAQ: NFLX) Cut to Hold at Jefferies.
Norfolk Southern Corp. (NYSE: NSC) Started as Positive at Susquehanna.
Patriot Coal Corporation (NYSE: PCX) Cut to Sell at Citigroup.
Salesforce.com (NYSE: CRM) Reiterated Buy and raised target to $158 at BofA/ML.
3M Co. (NYSE: MMM) Cut to Neutral at Goldman Sachs.
Union Pacific Corporation (NYSE: UNP) Started as Positive at Susquehanna.
United Rentals, Inc. (NYSE: URI) Started as Outperform and $30 target at Credit Suisse.
VIVUS, Inc. (NASDAQ: VVUS) Raised to Buy and target raised to $12 from $6 at BofA/ML (full details).
Xilinx Inc. (NASDAQ: XLNX) Started as Neutral at Janney.
Tuesday, December 07, 2010
Monday, December 06, 2010
Channel Guy Trader: Finally back online trading tomorrow and video up later tonight!!
Even though Comcast still sucks they got my internet up and running again. I will have a video out for sure just going over stuff I see going on in the market and forecast for tomorrows action.
Channel Guy Trader:Comcast Company Sucks Big Ones
First of all let me tell you guys that COMCAST sucks big ones. Yea thats right!! They called this a.m to verify the appointment. Good! Then they call from an unknown number to I guess say that they are now on the way and the call was missed. How the hell do you call someone back from an unknown number or better yet, how do you call only once.Then they cancel the appointment from a one time missed call. My point of this message, COMCAST SUCKS. Will be up and running tomorrow for trading hopefully!!
Friday, December 03, 2010
Thursday, December 02, 2010
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