DARK HORSE HEDGE – Any way the wind blows, doesn’t really matter
by ilene - September 1st, 2010 2:23 pm
Housing-keeping note: Thanks to WordPress’s destruction of Phil’s Favorites site (and replacement with an invite to sign up for its service!), I’ve been relocating my blog to TypePad. Benefits: it looks better, is very user friendly and offers an easy way to search archives for any topic. One unique feature is that while exploring the internet, I can simply click on a button to post an excerpt of an interesting article with a link to the full article. That ability allows me to post links to articles that are worth reading when I do not have reprinting permission, such as articles from major news sources.
The new Favorites site is here. I’ve also created a website for Dark Horse Hedge, here. - Ilene
DARK HORSE HEDGE – Any Way the Wind Blows, Doesn’t Really Matter
By Scott Brown at Sabrient & Ilene at Phil’s Stock World
Is this the real life?
Is this just fantasy?
Caught in a landslide
No escape from reality
Open your eyes
Look up to the skies and see
I’m just a poor boy (Poor boy)
I need no sympathy
Because I’m easy come, easy go
Little high, little low
Any way the wind blows
Doesn’t really matter to me, to me
*****
Ilene and I started the Dark Horse Hedge on July 1, 2010 with the goal of helping self-directed investors weather any storm, no matter which way the wind was blowing. Today completes the second month of publishing the Dark Horse Hedge and we thought it would be a good time to review.
DIG Near Breakout & Hedging My Bets
by Chart School - September 22nd, 2009 1:31 pm
Note: Tim Knight is not ordinarily bullish is likely positioned for the downside as well.
DIG Near Breakout
Courtesy of Tim Knight at Slope of Hope
I’ve been mentioning lately how some folks are seeing inverted head and shoulders patterns where they don’t exist. Well, there’s one major ETF where it definitely does exist, and that’s the ultra-bullish energy DIG. It hasn’t broken out yet, but it’s geting tantalizingly close.
The one curious aspect to this is that volume is steadily shriveling up (and, because the price has been so static, it isn’t because the price has been getting out of reach for people).
What are your thoughts on DIG?
Hedging My Bets
I am concerned about what fun and games are left in store for us the rest of the month, particularly with the FOMC tomorrow, so I am going to populate one of my accounts with ten longs as a safety net.
All of them basically look like the graph below………
………and share these common properties:
- Plenty of "open air" on the upside;
- A nice relationship between volume and price;
- A clean breakout above a consolidation zone
The specific stocks, and their stops, are below. These are not "lottery plays", but more run-of-the-mill long choices.
- AB 24.69 400
- AIMC 9.20
- BBEP 10.69
- CPX 10.14
- DRYS 5.86
- LLL 79.86
- PCX 11.57
- SD 12.42
- FMCN 8.83
- HERO 5.63