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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.
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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.
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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…
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AAPL: Speculative Short Trade
I went short AAPL today. Overbought and lots of space between price and moving average.
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2 Week Free Trial to Trade Report
I am offering a 2 week free trial to my nightly Trade Report. The Trade Report features my current market outlook, updates on my own trades and my focus list which tracks the stocks I am looking to trade the next day. It is the journal I prepare for myself…
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Recent Trade: GMCR
Yesterday I entered GMCR off a breakout-pullback setup at $93.44. Stop is under support and the target is the recent high around $98. This gives me a 3:1 reward to risk ratio.
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Today’s Entry: DIG
I entered DIG today. The stock has broke out over a W formation and the 50 day moving average. Another positive is the positive RSI divergence. An entry here around $34.80, with a stop at $33.80 (under suppport) and target at the old high around $38 offers a nice 3:1…
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SPY Short Setup
I like SPY as overbought short setup. Overbought and into resistance w/ little consolidtaion or pullback. http://chart.ly/qdyyrw
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Trade: BA
I entered BA today post breakout from a triangle pattern. The stock seems to be forming a Tight Flag post breakout. I am also short IOC, SPY and RL
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2010 Trading Stats
Here are my all of my trades and stats since January 1, 2010. All trades were detailed in the Trade Report.
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Today’s Trade: PCU
I entered PCU as an oversold bounce play as it falls to support.
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Today’s Trades: CAT, UAUA and TOL
I entered half positions in UAUA, CAT and TOL today. There are a number of good looking pullbacks, but they could get stopped out if market pulls back, and there is room for pullback before support hits. That is why I took half size positions. I also took profits in…
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Trade Entry: ACI (short)
I am short ACI at $28.05 based on the extreme overbought readings in stochastic, along with extended price action. This coal setup was featured in the Trade Report last night, for short on strength at the open.
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Trade Entry: AMZN
I entered AMZN based on 1) the oversold stochastic reading and 2) pullback to the 50 day moving average. There is not credible chart pattern, but risk is low and the two elements listed give a slight edge. Stop is below the moving average, around $129. The intital target is…
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Breakout Pullback Setup: IMAX
Wonderful looking setup on pullback. Nice breakout out of congestion range and positive volume accumulation pattern.
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Trading "Leak": Impatience and the GS Trade
One of my mantras is to “set it and forget it” after making a trade. Once a trade is made, I set my stop and target, then forget about the trade until one of the price objectives is hit. At least I usually do . . . My recent GS…
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Thursday Game Plan
Here is my plan for today: Here’s my detailed plan for today: http://docs.google.com/View?id=d5z8q8w_1505gnc8qmcc
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Oversold Bounce Setup: GLD
My recent GLD entry was based on the oversold bounce setup. I only took a 1/3 position today, and will add to it if GLD nears the 50 day moving average, which would offer me a better risk ratio.