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Archive for the ‘Marc Sperling’ Category

>A Golden Swing

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>By: Marc Sperling

I am buying some gold right here (through the GLDs) looking for an initial target in the $113 area. If it takes out the $113 area, there this precious metal could easiliy move up to $115.

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March 18, 2010 at 6:09 pm

>This ICE is Warming Up

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>By: Marc Sperling

Take a look at the 60 minute chart of the Intercontinental Exchange (ICE). The stock has made a nice upmove and volatility has been contracting. This is healthy and bullish digestion in a strong stock. ICE is just preparing itself for a move through $110.50 and building a base before it does so. In this market environment, when I see a big move that is subsequently followed by a narrowing range, I know the stock is gaining the power it needs to take out an important level. I am now long and have a target in the $117-120 area.

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March 11, 2010 at 7:50 pm

>Video: T3Live Tiering System

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>By: Marc Sperling

We pulled a great video out of the T3Live archives after today’s explosive AIG trade showed our Virtual Trading Floor subscribers the power of using a tier system to enter and exit positions. No disciplined trader would have been able to stay with the trade today were they not tiering in and out effectively. The concept of tiering was explained in an earlier blog post but a video can be more helpful. This video is just one in our extensive library of trading education videos found on T3Live.com. Please feel free to leave any questions in the comments section below.

http://t3live.com/blog/player.swf

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March 9, 2010 at 10:31 pm

>AONE Perking Up

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>By: Marc Sperling

With the Russell 2000 making highs both yesterday and today, we are starting to see some impressive action in small cap stocks. There are certain cyclical times of year where small caps take a leadership role and this is such a time. One stock in particular that I like watching is A123 Systems (AONE). The stock is building a base right now between the $15.50 and $18 levels. On a break above $18, I will look to get long with a target price of $20. That is an 11% move waiting to happen that patient traders can potentially capitalize on. It does not look quite ready just yet, but keep watching it on smaller time frames and be ready for when it does in fact breakout.

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March 3, 2010 at 9:37 pm

>Is Goldman Next to Breakout?

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>By: Marc Sperling

Last week I wrote that I was “swinging long some Amazon.” While my Tier 1 feeler position was stopped out with the large gap down on Thursday, I gained increasing confidence in the trade through $121 as AMZN held the lower end of its range and rallied back sharply. In trading the Tier System, what I lose in stopping out of my initial position is the right to be in the trade for full size on the break. While I did take a loss on my initial feeler, I was able to capitalize on the move higher and although I was not fully loaded for the move higher, I was able to more than make up for my initial Tier 1 loss. You can see from the chart that as soon as AMZN broke above $121 it did not look back and quickly reached my target in the $125 area.


I am seeing a similar trade setting up in Goldman Sachs (GS). The stock has been stuck in a tight range for the better part of two months now and is building a solid base. As of now, I am only testing out some feelers against shorter term levels, but on a break above $160 I will look to get aggressively long. Should Goldman breakout, then the market will most likely follow suit, putting my initial target of $165 comfortably within reach.

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March 3, 2010 at 9:22 pm

>Swinging Long Some Amazon

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>By: Marc Sperling

With Amazon (AMZN) basing nicely above that large breakaway gap from October, we now have a great opportunity for a good risk/reward setup on a swing long.

Take a look at a daily chart to see this action:


The stock broke through that aggressive downtrend line and is now building a solid base. Now let’s look a little closer at a 60 min chart:


I am buying Tier 1 long Amazon in this area in anticipation of a break above $120/121, using a $118 stop. On a move through $121 I will be adding an additional Tier, looking for a move into the $125 area.

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February 24, 2010 at 8:13 pm

>Revisiting Garmin

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>By: Marc Sperling

Early in the New Year, I was closely watching Garmin (GRMN) for a breakout above the $32.50 area. It took a few days for the stock to breakout, but following the gapup on January 8th, we have gotten a quick move higher. Today Garmin reached our first target, prompting us to take some profits. With the remainder of our position, I will leave a little room for the stock to attempt to fully complete that gap down from late October.

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January 19, 2010 at 4:32 pm

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