• Trade Results: March 2009

    I am making an effor to get caught up on my trade results. The last results post was from February 17-March 16. To get back on a regular monthly schedule, this post completed March 2009. March 17-31 Total Profit= $1921 Total Wins= $2776Total Losses= $855 Total Trades= 6Total Wins= 4Total…

  • One That Got Away: IBN

    A useful tool for improving trading is to analyze trades that you did not take. IBN has been on my radar for since the April breakout. I did not trade it because the volume pattern was not to my liking. However, the risk ratios have been good through out that…

  • 4 Stocks For Tuesday

    Here are the four stocks I am looking to enter on pullback Tuesday.

  • Trades: BKE and RL

    I used morning strength to short two stocks from last night’s focus list: BKE and RL. See charts from the last post to see setup.

  • Game Plan For Monday

    Here is my detailed plan for Monday and the coming week, as sent to subscribers in today’s Trade Report: May 18, 2009 Market Notes: The market has pulled back close to the entry point we’ve been watching (87-88).  The pullback is not ideal, as price has not pulled back in…

  • Partial Profits in SDS

    I took partial profits in SDS at $60.22. I’ve been unwinding my shorts that were based on a market pullback and looking for longs to setup in the coming days.

  • Thinking Out Loud (both on and off topic)

    1. The overall market looks good, but resistance is looming. 2. A few more points down and I will start letting go of my short positions (already got rid of RTP). 3. I will likely enter SPY around $87-88 4. Most stocks are pulling back with bullish undertones (low volume,…

  • SPY Adjustment

    I originally was looking to enter SPY short as close to $95 as possible, but today’s “bearish engulfing” pattern leads me to believe we will pullback before that level is reached. I took a partial position today in SDS at the close (inverse short).

  • The Mother of All Short Setups

    is almost upon us. One more bounce and it’s on.

  • SPY Chart Analysis

    I posted the SPY chart that I sent to subscribers last night without any annotations and a few blog readers weren’t quite sure what the chart meant. The key is the two line drawn and support and resistance. If SPY gets close to the top line (around $93-95), that sets…

  • SPY Chart

  • 7 New Additions to the Focus List

    Here are the new additions to my focus list. All require pullbacks.

  • Taking Partial Profits

    I took partial profits in my NTRS short ($54.02) and SDS ($64.50). I have moved my stop up to entry for the remainder of the positions.

  • Position Update

    Today I exited my SPY position for a $1748 gain and have taken two bearish positions. I entered 400 shares SDS at $61.85 (currently $63.68). This is a leveraged short position. I shorted 400 shares NTRS at $57.03 (currently $54.36). I detailed this setup in last night’s report. I was…

  • Short Setup: NTRS

    I went short NTRS this morning. The stock has broke down below support, pulled back and shows a negative volume pattern.

  • Trade Update: SPY

    I exited half my SPY postion at $88.05 (entry at $84.03). I am still holding 200 shares.

  • Focus List Stock: AMZN

    I currently only have one position (SPY at $84.03). I’m patiently waiting to add positions on a dip to support. One of my favorites is Amazon, which is consolidating after a monster run and breakout. I’m looking to enter on a pullback to the $80-81 range.

  • Spy Chart

    I currently have only one positions (SPY at $84.03). The chart below show looming resistance levels, which correspond with my targets.

  • DHI Chart

    Strong uptrend. Using support line as entry and stop guide.

  • Monday’s Game Plan

    Here is the report I have sent to subscribers laying out my plan for Monday: Market Notes: Let’s go over the state of the market on different time frames.   The long term trend is bearish.  We are still in a bear market.  While I have not posted a long term chart,…