One of the few winners today was Starbucks. The market gave a very favorable reaction to the news of Starbucks and Green Mountain Coffee working together for a Starbucks single serve coffee. Notice that this stock is in a Strong Up Trend, as indicated by the rising price and the "Strong Up Trend" label in the top left hand corner of the chart below. This chart shows the latest version of my trend following indicator, the TLT Trender. I've been referring to this one as Trend Fuzz, as it uses a little fuzzy logic to help determine trends and add levels. Here's the chart:
Note the Nifty Add Arrows. This is a very new addition to the system that I finished coding today. They seem to have promise, although I haven't fully tested them yet. For those of you that read Moaxian's blog, recently you've heard him mention the importance of adding to winners. There's a lot of truth to this, as the point of trend following is to suck out as much profit from good trends. I'll post more about this once I spend some more time on it.
For now, we need to add SBUX to our watchlists, as it is showing amazing relative strength.
TLT
Note the Nifty Add Arrows. This is a very new addition to the system that I finished coding today. They seem to have promise, although I haven't fully tested them yet. For those of you that read Moaxian's blog, recently you've heard him mention the importance of adding to winners. There's a lot of truth to this, as the point of trend following is to suck out as much profit from good trends. I'll post more about this once I spend some more time on it.
For now, we need to add SBUX to our watchlists, as it is showing amazing relative strength.
TLT
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