GENERAL ELECTRIC (GE) (d-w-m) (p1)

On 12/31/2015, I calculated a minor indicated pivot point high for GENERAL ELECTRIC (GE) of 31.49.  I sold my GE position, in one account, at 31.305 per share.  After I sold my position I informed and educated my brokers on my outlook for Apple Inc. and why I was selling GE, and more,  … nothing to do with GE, Apple Inc. (AAPL), or Micron (MU), et cetera … just everything to do with Mr. & Ms. Fickle Markets past history.   I was able to buy back my GE position at $27.776.  The difference of $3.529 per share that would have “buy and hold” otherwise evaporated, with NO THANKS to Mr. & Ms. Fickle Markets,  is capital conserved, REAL money, my money … rewarded because I do my own homework.  I sold my GE shares with 96.9% confidence that Mr. & Ms. Fickle Markets was going offer an incredulous opportunity to be able to buy GE back, cheaper, ON SALE and I wouldn’t have to wait long to do that.
Whether you are a Bull, or a Bear, it is YOUR money, and capital conservation should be your primary concern.  Reportedly, 70% of today’s markets is computerized, algorithm driven, no human required, trading with holding periods measured in seconds.  Arguably, when trading and holding is measured in seconds, the fundamentals, as I am repeatedly told, do not matter.  For the rest of us, that do not have nanosecond computerized, high frequency trading accounts,  I strongly disagree, Fundamentals do matter.  You just have to do your homework and determine where in YOUR Risk tolerance and investment planning fundamentals belong.   To that end, investors, and/or traders, doing your OWN HOMEWORK, should be running both Bull and Bear analyses looking not only for the PROS/CONS evidence that supports your thesis, but also looking for contrarian indications that could be giving you a heads up caution, or warning, of impending changes … contrarian indications that we can take advantage of to conserve capital, or generate profits.
Oh yeah, the GE high on 12/31/2015?  $31.49!  So, why didn’t I place my GE sell order for 31.49?  I learned my lesson with Microsoft (MSFT) quite awhile ago.  I calculated a minor indicated pivot point high for Microsoft (MSFT) of 32.10 and placed a sell order for $32.10.   I called my broker back for another order and was on the phone with him when Microsoft hit its intraday high of … yep, $32.10 … but not enough shares traded at 32.10 for me to close my order.  So, I learned and exchanged the “hit the nail on the head” strategy for the close the order a few pennies to a dime difference .. and collect the cash!   See… old dogs can learn new tricks ….

Disclosure:  I own GE shares.   I am doing this “Bull and Bear“, “Pros/Cons“,  daily-weekly-monthly (d-w-m) chart analysis for myself, as my homework, and due diligence, on my investment in GENERAL ELECTRIC (GE) and  sharing, what I am seeing in that analysis, with you today for this next week’s trading into Friday’s Quadruple Witching.

Related GENERAL ELECTRIC (GE)  blogs:

General Electric (GE)

Nasdaq liked my 2012 Zack’s People and Picks “GE” blog enough to reprint it … and the Nasdaq page is still there … you can see what I wrote and when.  Check it out.   Technology is changing rapidly.   Those that can recognize the changes, adapt, and incorporate the changes, like GE will survive and prosper.   That’s why I like and own GE shares.

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ge 20160311mom

The above GE Daily chart #1  incorporates multiple momentum indicators:

  •  The Relative Strength Index (RSI)  (bullish)
  • The Commodity Channel Index (CCI)  (bearish)
  • The Moving Average Convergence Divergence (MACD) (bullish)
  • The Stochastic (Stoch)    (bearish)

 

ge 20160311d

The above GE Daily chart #2 with Forecast Oscillator Indicator

(1)  Analysis of Daily charts activity through Friday’s (3/11/2016) close at   30.34
The current trend is up and all orders on the long side may be considered.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  If already holding long positions, look to take partial profits on any retracement to 29.31.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 28.78.   Be prepared for a potential short term price pull back to the 29.60 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at:     28.40
If Short, exit all contracts at:     30.59
 Additional Daily chart observations, analysis, and projections
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
  :: Please Note:  this chart shows extraordinary price action to the upside.
  GE  Projections:
The upper projected target is: 31.67.
The lower projected target is: 28.97.
The projected closing price is: 30.32.
:: Please Note:  these price projections are for reference only, and can be easily exceeded by Mr. & Ms. Fickle Markets

 

ge 20160311w

The above GE Weekly chart #1

(2)  Analysis of Weekly chart activity through Friday’s (3/11/2016) close at   30.34
The current trend is up and all orders on the long side may be considered.   If already holding long positions, look to take partial profits on any retracement to 27.10   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 27.10.   Be prepared for a potential short term price pull back to the 29.25 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at:     27.10
If Short, exit all contracts at:     31.49
ge 20160311m
 The above GE Monthly chart #1
(3) Analysis of Monthly chart activity through Friday’s (3/11/2016) close at   30.34
The current trend is up and all orders on the long side may be considered.   The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.   If already holding long positions, look to take partial profits on any retracement to 19.37.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 19.37.   Be prepared for a potential short term price pull back to the 26.35 area.
   Suggested placement of capital conserving stops:
If Long, exit all contracts at:     19.37
If Short, exit all contracts at:     31.49

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——  Monday, 3/14/2016 thru Friday 3/18/2016  ——-

 

( x)   All Links can be opened in a new tab or new window …

  •  ( xi )  I will be returning and adding more related chart info including Pivot Points, Support, Resistance, et cetera and links to charts with  daily, weekly, and monthly chart analysis

 

Please read:

 
              [ More  Blogs ]
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   Hope the above GENERAL ELECTRIC (GE) calculations for Monday, 3/14/2016
help your investing and trading today …
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