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Observation Is a Powerful Tool

October 2, 2017-2:01 am traderscott 0

The following scribbles (hopefully legible) are some observations, which I’m constantly working on each and every day, including weekends (consistency). I’m going to start posting these on an ongoing basis. With the website now, much...

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9/29 Intraday Comments

September 29, 2017-4:02 pm traderscott 1

With 15 minutes left, a few comments and recap of premarket: This morning premarket – ZGNX – This stock was up as much as 230% pre-market on positive news about their drug for epilepsy. We,...

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9/29 Premarket

September 29, 2017-9:18 am traderscott 0

Yesterday’s evening comments were once again about our favorite setup, springs. There will be a video about springs soon. Like all quality setups, they can be used on any time frame, and the bigger the...

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9/28 Evening Comments

September 28, 2017-10:19 pm traderscott 1

These comments were left around 11 AM, with a bit of a recap of premarket comments and further explanation below: Few quick comments – premarket stock SKYS, what an excellent daytrader gap up play. I suck...

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9/28 Premarket

September 28, 2017-9:23 am traderscott 7

First for the bond market. From 12/1/2016 and 12/3/2016 as for perspective: “And as shown on the annotated chart, the first really big resistance area is a bit over 3% on the ten year yield,...

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9/27 Afternoon Comments

September 27, 2017-5:44 pm traderscott 0

This is the comment I left today at 10:30 at the premarket:  Way too much trading today, will do more details later – bought/sold DRYS small gain DCIX play – sold MBRX loss at 2.55...

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9/27 Premarket

September 27, 2017-9:25 am traderscott 3

The USD spring low, with the automatic rally is continuing, closing in on the big resistance area of 94.30. From 9/11 – “Even with a rally back to around 94.30 there will likely be more...

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9/26 Afternoon Comments

September 26, 2017-5:31 pm traderscott 0

So today gold is down, and the $ is up, and the people who thought yesterday was a wonderful aberration are disappointed. Yesterday with gold and the $ both up was not an aberration at...

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9/26 Premarket

September 26, 2017-9:23 am traderscott 0

Of course the rear view mirror analysis around the internet is shock that gold could have rallied so much in the face of a strong US$. Obviously they don’t read these comments. Last week: “First...

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9/25 Intraday Comments

September 25, 2017-3:37 pm traderscott 3

Interesting story here about what we’ve been saying. At these price levels, AMZN is much more concerning than the beaten down retailers. We’re bullish on them into the great setups. Read the post I did...

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