-
Chart: GRP
GRP, an oil services/drilling play, has been on my secondary watchlist for quite some time. I was hoping for a bit more of a pullback on Thursday, but the stock recovered nicely on Friday, albeit on low volume. I won’t be trigger shy the next time I see a low…
-
Chart: CCJ
Way back in December, I had highlighted CCJ as a Uranium play on a breakout over $42. While I missed out on that trade, I entered today at $50.10, as it recovered from yesterday’s dip. Anybody care to analyze this trade?
-
Trades, Watchlist and Earnings Observation
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 56 NILE is moving after hours based on a well liked earnings report.…
-
Sector Analysis: Aerospace-Defense
As I do every Sunday, I spent the evening researching over 200 market sectors in order to get a feel for where the “smart money” has been flowing over the past week. Aerospace and Defense caught my eye, though it is do for a pullback. Here are my nine favorite…
-
Breakout-Pullback Watchlist
Here is a list of breakout pullback candidates. Note that these are not primary watchlist candidates yet. We want price to slowly pullback to the entry point on diminishing volume, which should take a few days. Some of these stocks have been trending up and are under accumulation, which is…
-
Chart: DXPE
As stated in the “today’s trade” post, I took a position in DXPE. The stock is a nice breakout-pullback candidate, and also has been under heavy accumulation over the past month and a half. This leads me to believe the stock will find strong support at current levels and could…
-
Earnings Breakout Entry Question
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,…
-
Today’s Trade: DXPE and TSL
I bought 350 shares of DXPE at $47.55. This is a breakout-pullback play. The stock broke out and is pulling back on diminished volume. I will likely place a stop at $44, and my initial target is $52.50, making for a 3:5 risk to reward ratio. Note that I’ve been…
-
Today’s Trades: ZOLT, FUL, TSL
As mentioned in comments yesterday, I sold: 250 shares of ZOLT at $31.80 (entry at $32.30) for a $125 loss (1.6%). 500 shares of FUL at $26.14 (entry at $27.22) for a $540 loss (4.1%). I am upset at myself over this trade because I did not pay attention to…
-
Tuesday’s Watchlist
GROW: bullish engulfingJSDA: strong at supportSIGM: Short on pullback to gap pointADM: $39.75 breakout earnings playBWLD: $67.50 bo earnings playOII: $48.50 bo earnings playUPL: $58 bo earnings playUA: $51 bo earnings playVLO: pb to moving average
-
Today’s Trade: AAPL and ADM
I bought 200 shares of AAPL at $100.25. I went over the chart on Friday. ADM (Archer Daniels Midland Co.) reports earnings tomorrow. I will likely place a buystop at $39.75-40.10, depending on how the stock looks at the close today. If the stock clears this level (which is an…
-
OT: George Vecsey’s Baseball: A History of America’s Favorite Game
One of my New Year Resolutions was to read one book per week. This week, I read George Vecsey’s Baseball: A History of America’s Favorite Game. I would highly recommend this book to anybody who is a sports or baseball fan. While it’s not an in depth historical account of…
-
How would you play AAPL
As most of you know (and if you don’t, and you are a trader, you are slacking) Apple broke out to knew highs on significant volume after earnings. The question now is, how do we play this brekaout? The stock was over $100 in after hours when it reported Wednesday…
-
Answering Questions About Part-Time Trading
First of all, I would like to let you know that I enjoy your “Market Speculator” blog and find it very educational. After reading many of your posts, I noticed that you prefer not to micromanage your trades and sometimes only check the market a few times a session because…
-
Today’s Trade: JSDA and VDSI
I sold 500 shares of VDSI at $20.65 (entry at $17.63) for a $1510 gain (+17.2%). Check out my reasoning for entry here. It was the perfect accumulation and pullback to support play. I was stopped out of my 400 share position in JSDA at $24.85 (entry at $26.41) for…
-
A Reader’s Take on AMZN
Thanks to all of you who commented on AMZN. Most were either non-committal or leaned my way. Rich adds some fundamentals into the picture. I saw your comment on Amzn today, I hit myself for not going in ( just like I passed on STP last friday). However, I think…
-
Thinking Out Loud About Amazon
Like many, I am kicking myself for not entering AMZN yesterday. On Thursday, I featured it as a breakout-pullback candidate. When I made my trades yesterday, I came very close to taking a 500 share position at around $44.40, but decided against it for two reasons. First, I had made…
-
Today’s Watchlist and a Breakout-Pullback Candidate
ESRX looks like a good breakout-pullback candidate. I’d wait for a low volume pullback to the bottom of the long price bar. Here is a list of stocks I’m watching today.
-
Today’s Trades: ZUMZ, AAPL, VLO, JSDA, STLD, EWZ, ZOLT
I bought 400 shares JSDA at $26.41. I bought 400 shares of STLD at $44.80. I bought 250 shares of EWZ at $52.78. I bought 300 shares of ZOLT at $32.30. I will go into more detail about these trades tonight. I sold 500 shares of ZUMZ at $40.75 (entry…