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Free Trading Newsletter:
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Sample Alerts
Jack Steiman's Trade Journal alerts are delivered via a continuously updating Web page, as well as by email and SMS, and come in 3 forms: 1) Market Comments, 2) Trade Alerts, and 3) Chart Analysis.
An example of a Market Comment is the following:
Fri Mar 6, 2009, 2:36:36: I want all of you to understand why I won't short here. Take these numbers in and let them resonate in your head. Weekly charts have stochastics at about 6 with RSI near 25. Monthly charts have stochastics averaging 4 with RSI on the Dow and SP at 16. And for weeks. Absolutely unshortable. When this market catches a bid it'll explode higher fast. The circumstances for risk/reward are poor for shorting because of how fast you'll get annihilated. Simple as that.
The above comment also illustrates Jack's success in timing the market. Just one session after that comment, on Monday March 9, the market bottomed, with the Dow shooting up 380 points the following day to begin the spectacular six-month rally.
With regard to a Trade Alert, please see the following example:
Wed Aug 19, 2009, 10:16:17
Symbol Position Size Start Date Start Price Target Stop OIL Long Full 08/19.2009 50.55 65.00 47.00 Long Alert OII: OII-Oceaneering Int'l
Pulling back to the 50 day.
Best Entry-49.50-51.00
Target-65.00
Stop-47.00
Beta-Medium
Current Price-50.55
OII went on to yield a 7.54% gain when Jack exited the stock two days later.
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- Intraday Swing Trade Alerts
- Action-Oriented Trading Advice
- Detailed Guidance for Each Trade
- Technical Chart Analysis of Stocks/Indices
- Market Timing from a Pro
Meet the Analyst
Former columnist for TheStreet.com, Jack Steiman is renowned for calling major shifts in the market, including the market top in October 2007.
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