• AAN is a Classic Fill the Gap Example

    This chart is a textbook example of a Breakout-Pullback Gap fill setup:     I have partnered with the guys at BullsonWallStreet.com. Sign up for a free 7 day trial of my nightly Trade Report, which has everything the swing and part-time trader needs to get ready for the coming…

  • How to Watch PETM Breakdown

    PETM was hit hard today on earnings.  The stock not only has a huge down bar, but also has a big gap to fill.  I will be watching this stock in the coming weeks to see if it “fills the gap”.  If it does, that could provide a good short…

  • POT on the Weekly Chart

    POT is heading into some major resistance levels, as it heads into a range that developed over two years. Why is this significant?  There are longer term position traders who have been waiting for POT to bounce back up to their entry levels so they can avoid taking a loss.…

  • The New Trade Report is Back Better Than Ever!

    I am back!  After moving to California and trading full-time the past two years, I have decided to start putting out the Trade Report again.  I am working with Kunal at BullsonWallStreet.  Subscriptions to the report should start in a week or two.  In the meantime, check out the first sample…

  • Trade: GS

    I went long GS on the breakout of the moving average. Notice the bottoming “W” pattern and the positive volume that has has developed within the pattern. My stop is just under the moving average at around $97-98. The targets are around $110 and $115. Entry was at $99.88. This…

  • SPY: Positive Divergence and Moving Average Breakout

    Take note of the higher lows in OBV and RSI. These are good signs for SPY. Today’s breakout lacked volume, the divergences lead me to believe the moving average might hold.

  • Trade Alert: SPY, AMZN, NFLX and AAPL

    I’m finally ready to enter long. The market is very oversold with stochastics dipping under 10. I just entered SPY, AAPL, NFLX and AMZN. I will use tight stops and manage risk closely.

  • 3 Bounce Entries For SPY

    While SPY is oversold, I would like to see more weakness before entering long based on oversold conditions. The chart below shows three great bounce entries:

  • NFLX Trade

    I entered NFLX today at $186.11. Here is what I wrote to trade report members: My watchlist is rather small right now and there aren’t any good entries, so I’m going to take this opportunity to analyze a focus list stock that is not an easy sell as a long…

  • I’m Back

    I plan to start posting regularly again.

  • Today’s Trades: AAPL, DZZ, RIMM, SPY

    Here are charts of the trades I made today. Note that I consider the shorts are early “speculative” trades until there is a confirmation candle. SPY (short)–hitting the bottom of the $118-120 resistance range. Stochastic overbought at 89. Will add more close to $120. RIMM (long)–breaking ot of triangle after…

  • Trades: GMCR and AAPL

    I exited the AAPL short today at $183 for a nice gain. Stock is nearing support. If support breaks, I may re-enter. This morning I entered GMCR SHORT based on the breakdown-pullback setup. Stop is above the moving average.

  • AAPL short

    I went short AAPL prior to the trendline break at $292 (see Trade Report). Looking to take profits in the $180-185 range:

  • Today’s Entry: GS

    I entered GS today. Nice triangle pattern formed post trend breakout. Nice volume within triangle as well.

  • How to Make A 26 percent Gain with a 50 Percent Win Rate

    I have updated my 2010 trading stats featuring trades documented in the Trade Report. Here is a quick summary along with analysis presented to Trade Report members. Trade Speadsheet The hard numbers through 7/23/2010: Total Trades: 64Wins: 34Losses: 30Win Rate: 53% Average Win: $1424Average Loss: $743 Total gain– $26,163 (two…

  • Today’s Entries: NFLX and ADM

    I entered NFLX and ADM today. NFLX has pulled back to the 20 day ma, oversold, and is trending nicely. Could be a pivot level, though the risk is pullback continues to the 50 day ma.

  • Breakout-Pullback: VMW

    I entered VMW yesterday on a breakout-pullback setup. Note that stochastics are now oversold and price has moved back to the bottom of the breakout bar on declining volume.

  • Trade Results Spreadsheet

    I currently have one trade open (short SPY via SDS). To view all of my trades this year from the Trade Report, view the Trade Results Spreadsheet. I am currently up a little over 13 percent since January 1st.

  • Charts: AMLN, BEAV, WYNN, BHP

    I entered four positions today, 3 shorts and one long. My market bias has turned bearish with recent distribution (price down stong oh high volume) on SPY. WYNN is showing signs of topping, though it is stronger than the market. Recent volatility and stronger volume to the down side make…

  • AAPL: Speculative Short Trade

    I went short AAPL today. Overbought and lots of space between price and moving average.