(LYG: 4.46 0.00%) Lloyd’s
Three attempts to get above resistance.
And today it’s finally above that level. Hopefully will build support here and go on to fill the gap.
Twice I referred to my (BEE: 3.78 0.00%) target being around $4:
BEE post #1 and BEE post #2
I got out today at $3.90 (yes, seriously, 52-week high to the penny). Modest 40% return since October. Super proud because I have NEVER held anything that long with that kind of positive return 
No plans to re-buy it. Got nothing against BEE, just undecided at the moment.
Next stock that I really want to succeed is (LYG: 4.46 0.00%).
Also, liking (PCC: 7.76 0.00%), PMC Commercial Trust with 8%+ dividend, but unfortunately it has no options.
In addition to LYG, still watching SPX/SPY.
(BEE: 3.78 0.00%) Strategic Hotels & Resorts
I now have technical substantiation of my $4 target – inverse head-and-shoulders on the daily chart.
Volume pattern still shows accumulation.
I’m not getting attached to the stock, and really welcome any negative comments on this trade idea.
Click to enlarge
(AVD: 6.87 0.00%), American Vanguard Corp.
Correct me if I’m wrong, but I’m seeing a falling wedge on this daily chart. Though it’s bad that the stock didn’t do well during the Magnificent Rally. Shall watchhh….
Yep, qualifies.
Click charts to enlarge
Positive volume pattern showing accumulation – higher on up days, lower on down days.
MACD and others are cooperating.
TA is useless on Ultra ETFs? Ok, let’s see how IYR is doing.
IYR yields almost 9%! That’s for the positive.
Now negative: volume pattern is just the opposite of SRS, showing distribution (higher volume on down days, lower volume on up days).
Closed below 20ma which has been a pretty good support level during this rally. But need to see follow-through on that.
Today’s close qualifies for a Bollinger-Band-crash trade, so IYR *should* bounce tomorrow. Doesn’t have to, but should.
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