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Todd Butterfield Blog, Week In Review 0 Comments

At various times we are doing short recorded videos on our analysis of the Wyckoff Wave and various stocks.  Please subscribe to our channel if you have an interest in being notified when these are recorded. We have had almost 1,000 students that have taken our Cryptocurrencies and Wyckoff course, so we also do numerous videos for them on the channel as well. We also go live Monday-Thursday at 6:30 CST, but most of the …

Cryptocurrencies & Wyckoff Course

Todd Butterfield Blog 0 Comments

Over the last 12 months we have been offering a Cryptocurrencies & Wyckoff Online Course over at http://LearnCrypto.io This course is a shortened version of our Wyckoff Unleashed Stock Course and we would highly recommend it if you are in, or thinking of trading Cryptocurrencies. We also talk about Crypto’s Mon-Thurs 6:30 CST, and also give quick Technical Analysis Updates on most days as well.  We are trying to launch software with consolidated volume, as there …

Buy TLT at Mondays opening to cover our shorts as well as enter a long position.

Todd Butterfield Blog 0 Comments

The TLT chart is interesting for Monday. You can see by the blue arrows that the OP and Force have trended down in the last week but price has held firmly.  You can also see by the blue circle that the Technometer is now oversold. I would think these conditions would lead to a rally this week.  We want to cover our short position from $125.08 taken on 8/7/17 at the market, as well as …

Quick Thoughts…

Todd Butterfield Blog 0 Comments

We just wanted to update you on our current thinking on the stock market.  We feel this recovery rally off the lows is nearing completion.  We would look to protect any short term profits, and would be looking for short sell opportunities if you are so inclined to go short.  We will probably implement a short in the SPY ETF, and possibly a couple other individual issues very soon.     Good Trading, Todd Butterfield

Protect profits on short GE position.

Todd Butterfield Blog 0 Comments

GE has continued to collapse following our overbought Technometer on 10/20/17.  We are going to lower our buy stop on GE to yesterdays high which is $20.72.  We feel that we are nearing a selling climax, so any sharp selloff the next couple days we would cover our short.  Otherwise use a buy stop at $20.72 in case it begins to rally from here. Our original short is from $28.91 on June 19th.  So we …

We are going to recommend taking profits on our long Lumber Liquidators position

Todd Butterfield Blog 0 Comments

Currently trading at $38.71 (9/12/17 10:15 am) Lumber Liquidators experienced its largest down volume in quite a few sessions yesterday.  We feel at best it will go into a trading range here.  You can also see that it is trading at its overbought line of the recent uptrend. We have reached the first upside objectives off of the point & figure chart, so we at a level where we could experience some hesitation.  There is …