Well my friends, it didn't take me long to make a boneheaded move, on the very first day trading day of the new year. I went long MON. It looks great. A sector I love, and have made some mad coin playing (agriculture). Nice pullback to support. Nice volume pattern showing accumulation. Entry not too... Continue Reading →
Last night I created a video highlighting a few of my trades (MA, AAPL, GOOG, NOV). I had problems uploading, so the post is a little late. I have already taken profits in the NOV short.http://flash.revver.com/player/1.0/player.swf?mediaId=500455&affiliateId=93676Yesterday's trades:As noted in yesterday's video, I went into the week with my bear hat on. I don't trust this... Continue Reading →
I exited DCO at 42 (entry at$38.10) for a $1170 gain (+10.1%) . The setup was an earnings breakout-pullback. I will re-enter on a pullback to $40.I exited 200 shares of NOV at $67.35 (entry at $63.74) for a $722 gain (+5.7%) . This was an oversold bounce play that now looks like a good... Continue Reading →
I bought 300 shares of AAPL at $185.09, using my earnings setup. Historically, high volume gaps, especially those that are earnings related, have triggered bullish runs in this stock. I would not be surprised to see this earnings gap propel the stock to the $200 level.I sold 300 shares of JASO at $55.05 (entry at... Continue Reading →
My first post-earnings play of the season is BLUD. Immucor surpassed expectations Thursday and is now consolidating it's big high volume spike. OBV looks good and there's a nice volume pattern forming. I bought 400 shares at $38.25. Update: I bought 40 shares of BIDU at $321.23. Pullback is a bit harsh, but I'm guessing... Continue Reading →
Reliance Steel (RS), reports earnings this week and has a nice looking earnings setup. The stock is basing just under resistance, so a positive earnings report could set the stage for a breakout move to new high territorry. I will likely place a buy stop just above resistance.
I'm in a hurry today, so I'll have to outline today's trades tomorrow. In the meantime, here is my breakout-pullback candidate list.USU: pb-20-21RSH: pb 30EXM: pb 23-23.50CRY: pb 11AWC: pb 25.50DRSY: pb 35-36LXU: pb 17MCY: pb 56NILE is moving after hours based on a well liked earnings report. I've noticed that, this earnings season, stocks... Continue Reading →
On Tuesday I posted a few earnings breakout plays. A backer of BWLD (Buffalo Wild Wings) gave me some heat for not entering pre-earnings, and asked why I take such a conservative approach to earnings plays. Here is my answer:While it's great when you catch a BWLD earnings move, it hurts just as bad when... Continue Reading →