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Trade Update:
I exited my commodity shorts at the close yesterday and will use strength to re-establish short positions. I am also looking to short weak sectors that have bounced with the market. I also exited a few of my long bounce plays, like UYG (financials) at the close for some tidy…
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Thursday Morning Trade Report
Trade Report: In the free Thursday edition of the Trade Report, I discuss: Market notes and QLD trade Today’s best and worst sectors expose a trading myth The gameplan Charts with entry points Wednesday Report Tuesday Report Monday Report
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The Line
I could not have imagined the QLD trade working better than it has. I took partial profits at $72.88 today (entered at $67.88, as noted in the free trial of the Trade Report) for a $1250 gain (+7.3%). I’ve moved my stop on the remaining position up to my entry…
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The New Edition of the Trade Report (July 16)
In the free Wednesday edition of the Trade Report, I discuss: My QLD entry, this crazy market and relative strength A few recent positions, X, ILMN and JOYG Bearish engulfing and flag setups The Weekly Watchlist Diversification by way of setups. Tuesday Report Monday Report Yes guys, I do know…
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Quick Trade Update: QLD and Commodity Shorts
I took partial profits in a few of my commodity related shorts and entered QLD this morning. I mentioned QLD in last night’s trade report. As noted in the report, the Nasdaq has recently held up better than the S&P 500. Recent free trade reports: July 15 July 14
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July 15th Trade Report
Today’s edition of the Trade Report details the following: Relative strength of SPY vs QToday’s leading sectors; precious metals lead the wayPotential bear flag breakdownsRisk management challenge http://docs.google.com/View?docid=d5z8q8w_1f8gj6bd2 If you missed the Monday edition, be prepared for chart overload.
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RBN Exit
I exited my position in RBN at $51.50 (entry on Friday at $47.46) for a $1010 gain (+9.2%). I would have liked to see a pullback to the breakout point in order to build my position, but I’m not going to complain too much with a 9 percent one day…
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The Market Speculator Trade Report for Monday, July, 14, 2008
Here is the first free issue of the Market Speculator Trading Report. It includes my watchlists and game plan for the week, including market, sector and individual stock analysis. http://docs.google.com/View?docid=d5z8q8w_0hswspwfm
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Trade Report Update
I plan to have the first free Market Speculator Trade Report ready by Sunday night or Monday morning before the market open. If you haven’t already done so, email me at SinghJD1@aol.com and title it “Trading Report” to receive your free trial. Thanks to all that have requested the report.…
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Breakout Play: RBN
Don’t tell RBN that the market has been in a downtrend. Beautiful earnings breakout play. I entered today with a small position and will likely enter again on a pullback to the breakout point ($45-46).
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Anatomy of a Trade: WYNN
I shorted 500 shares of WYNN 8 days ago at $85.03 based on a “dirty bear flag” setup. While technically not a bear flag, the stock had broken support on was pulling back up to the resistance point. Volume distribution pattern was bearish, meaning heavy down days with low volume…
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Trading Report Service
Later this month I plan to offer a detailed nightly trading report for $24.95 per month. My goal is to do everything in my power to offer a high quality service at an affordable cost. For those who don’t want to pay, rest assure that nothing will change on this…
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Today’s Trade Entries
As noted this morning, I went short coal, natural gas and steel stocks this morning. Here are the trades: Short 200 shares of ACI at $65.24 (closed at $62.23). Short 100 shares of APA at $123.37 (closed at 116.96). Short 100 shares of X at $163.56 (158.17) Short 200 shares…
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Quickie Trade Update
I used the bounce in commodities this morning to get short coal, natural gas and steel stocks. I also exited my long ag play (MON), which I did not have time to update yesterday. I was using extreme, overextended weakness to play a quick bounce. I am still long the…
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A Short on the Bounce
If we get a bounce, as I have been setting up for, the market will take some crappy stocks with it. Once these stocks near resistance levels, that’s when I will switch from my short term long bias and establish more shorts. This chart of WYNN is a good example…
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Why Do You Like DUG
Here is an e-mail I received today: MS,Why do you like DUG so much? It looks to me like you are trying to pick a top in oils, just like you are trying to pick a bottom in SSO. Don’t fight the trend man. SSO is going lower and DUG…
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Trading Plan and Clarification
Trading Plan: My watchlist is small this week. Probably as small as it has been all year. However, I may take some of the biggest position sizes I have taken in quite some time (while still managing risk appropriately). Here is the list: I am monitoring leveraged index long ETFs…
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Position Update and Lesson Learned
I am still holding my SSO position. I bought at $59.96 and it closed at $59.66. Although today did suck, remember that the lows in the S&P still have not been pierced. I am still playing the bounce until my tight stop is hit. I am still holding PBR as…
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Trade: WYNN Short
I went short WYNN today at $85.03. I only took a small position because I could a move up to the 20 day moving average. I would likely take a full position at that level.