14th May 2020 - Has Hilton reached the hill top?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses
		$67.87 14th May 2020

Reason to Short

• Same like IBM, I can't resist but to short HLT again.

Lesson Learnt:

• The chart still looks bearish to me.
• The rally back was quite impressive by the way.

Intraday Chart

Historical Chart

15th May 2020 - I have to make sure I don't fall in love with IBM

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses
		$116.00 14th May 2020

Reason to Short

• Can't resist to short it again for a top-up. I think the stock is struggling.

Lesson Learnt:

• The market rebound was quite strong, surprisingly, maybe I should have waited for another day.
• MACD is still in a downward trend. The chart still looks bearish to me.

Intraday Chart

Historical Chart

15th May 2020 - Who you gonna trust?!

Pattern Name	Expectation	Reference
Bearish Engulfing	Down	https://www.marketwatch.com/story/bearish-engulfing-patterns-in-big-tech-stocks-and-indexes-raise-caution-flags-on-wall-street-2020-05-13?mod=home-page

My thought on this Pattern Study

• This site from MarketWatch is worth a read.
• Several interesting charts in there.

Intraday Chart

13th May 2020 - Do you think HiLTon can be cheaper than Hyatt?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Reference
		$68.44 13th May 2020			page 111

Reason to Short

• Same for ticker "H", I have been watching it for several days. The best day to short it was yesterday.

Lesson Learnt:

• The same mistake I made, my short setting was way too high yesterday.
• This stock has broken the trend line since yesterday.
• Same as ticker "H", this is another Rising Wedge Pattern.

Intraday Chart

Historical Chart

13th May 2020 - I never like the room price tag of Hyatt Hotel

Buy $	Sell $	Short $	Cover $	Stop Loss $	Reference
		$49.23 13th May 2020			page 111

Reason to Short

• I have been watching it for a few days. I can't resist to short it anymore.

Lesson Learnt:

• It has broken the trend line.
• I was supposed to short it yesterday, but my Short setup line was too high.
• It is showing the classic rising wedge pattern.

Intraday Chart

Historical Chart

11th May 2020 - My hometown is BaTU.

Pattern Name	Expectation	Reference
柳暗花明 扭转乾绅 将死不死	Long	Page: 43, 63, 94

My thought on this Pattern Study

• Three patterns at once, believe it or not.

Intraday Chart

Historical Chart

9th May 2020 - Elliot Wave or Idiot Wave (a wave to catch idiots)

Pattern Name	Expectation	Reference
Elliot Wave	A downturn after "b" wave	Page 208

My thought on this Pattern Study

• Should this be the famous Elliot Wave Theorem? I hope I am right.
• The "b" wave is very stubborn.
• Remember, whether it is Elliot Wave or not is not important. Believe what you see in front of you.

Daily Chart

Historical Chart

7th May 2020 - Will this be my Internet Banking Machine (IBM)?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses
		$121.60  4th May 2020

Reason to Short

• It fulfill the pattern that I was looking for.

Lesson Learnt:

• It fell out of the bottom trend line, but I thought it might fought back somehow. It looks like my purchase line might give me a bit more tolerance.
• It was quite interesting that the next day, the market actually kind of rally but luckily it weakens late of the day.

Intraday Chart

Historical Chart

4th May 2020 - Does NATIonal Instrument measure Gravity?

Pattern Name	Expectation	Reference
Triangle Top	Down	Page: 105

  

My thought on this Pattern Study

• The pattern followed the Triangle Top and as described in page 105, the next direction should be down.
• After crashing down, the stock went all the way up and penetrated the ceiling resistance line. However, it was a failed breakout and the stock went back down below the resistance price line.
• Should be a good candidate for short.

Intraday Chart

Historical Chart

3rd May 2020 - I am going for a cheap StarBUX coffee

Pattern Study

• Starbuck coffee might be on sale soon.

Lesson Learnt:

• Nice long term pennant formation up to the resistance trend line.
• This could be an opportunity for a nice cheap Starbuck coffee.

Intraday Chart

Historical Chart

3rd May 2020 - Is "IBM" stands for "In Breaking Motion"?

Reason to Watch

• Miss the nice chance to short.

Lesson Learnt:

• Hopefully have time and chance to bite it on Monday.
• It is quite a long term pennant formation after dropping out of long trading range.
• According to "Getting Started in Technical Analysis" by Jack D. Schwager around page 93, the next direction should be the same as the previous one and this one should be strong.

Intraday Chart

Historical Chart

3rd May 2020 - "A" grade ain't mean you are good.

Reason to Watch

• So many chances to short, but all missed!

Lesson Learnt:

• There are so many chances to short for Agilent.
• Here comes another one. Let's see whether I have the time and chance to bite it.

Intraday Chart

Historical Chart

3rd May 2020 - Overcooked meat is my favorite!

Reason to Watch

• The meat is overcooked! Hahaha…. I like that.

Lesson Learnt:

• The quarter announcement will be on 5th May. It may not be a good time to go in now.
• $83.35 looks delicious.
• The current price is resting on the long term MA line, very nice.

Intraday Chart

Historical Chart