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Watchlist Notes
Here are a list of stocks that I am tracking. QID: buy pullbacks, support at $53-54DDM and QLD: use if playing market bounce (2X long indexes)XLE: R=59, stop at $54VLO: R=59, stop at $55-56STLD: watch 36 supportEWZ: at support? watch shortable bounce to REWT: sameLEH: sameAKAM: sameNVEC: nice long chartAlso…
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What Correction? More Stocks Ignoring the Market Tumble
Here are eight fantastic looking charts of stocks that ignored last week’s slide (OATS, STTX, LFG, TXU, AE, KCP, EGLT, LDG). Most had some sort of good news event. While they look tempting, I would not enter blindly. Watch support and resistance very closely.
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Trading Links
Pay attention to the December Low Indicator. Yo, where’s the flow? Is it luck or smarts? Was the bounce short covering? Da Perma Bear is very happy (read all his recent posts). Chillin’ after the meltdown. Volatility and some trippy charts. Takeover Targets. Cramer and Altucher discuss short squeeze candidates…
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Chart: STLD
Steel has been one of my favorite sectors over the past few months, with STLD being the trade of choice. Notice that the 50 day MA and the gap level converge at the same point. It will be interesting to see if the stock can hold above this level ($35.75-36).…
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Today’s Trades: VLO and QID
I sold 300 shares of VLO at $57.90 (entry at $56.90) for a $300 gain (+1.7%). I still like the stock, but in this market enviroment I’m going with shorter hold times and quick profits. I reserve the right to re-enter. I bought another 500 shares of QID at $55.25.…
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Some Good Looking Charts (and a fight clip)
I haven’t been able to find too many good looking charts on the long side. However, I do see a ton of nice looking charts for short setups that just need a little bigger bounce. Here are five stocks that look darn good in any market: SMSI, AKS, LDG, FDG…
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E-Mails that Concern Me: The Market is Fine!
I’ve received a good dozen e-mails telling me that the worst is over, the panic was and still is a perfect time to buy (one reader told me he is going “all in” on margin) and that the 97 and 87 panics are examples we can use as reference. My…
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Trade Update: QID, QID (not a typo) and VLO
I sold 1000 shares of QID at $56.55 (entry at $53.82) for a $2730 gain (+4.8 %). To be honest, I probably would have held on if it was not for the fact that I had a limit order in place overnight. So I re-entered a few minutes ago. I…
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How I will play this market and Trades
Here are the notes I wrote to myself last night: Control your emotions. Do not feel the need to make any big bets or predictions. Do not feel the need to make money out of this fall. It’s okay to make some bets, but make sure to use a small…
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Quick Update
I’ve received a number of emails looking for updates. Sorry for the delay, guys. Yesterday was a crazy day. Along with the market tumble, things went haywire at work and my daughter was sick. I hope to have an update within a few hours. I’ve made a number of trades…
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Trade updates: QID, STLD, GS, VLO, EWZ
Man, I’m kicking myself for getting rid of QID yesterday! Stupid, stupid, stupid! I hate myself right now. I should have let the trade play out until it hit my target or stop. Micro-managing at its worst. I’m holding on to most of my positions right now, and actually made…
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Today’s Trades, Watchlist
I sold all 600 shares of QID at $50.61 (entry at $49.85) for a $456 gain (+1.5%). I exited before hitting my target price. I’m worried that the recent strength in semis could lead to an upward breakout in the Nasdaq. I bought 100 shares of GS at $214.45. It…
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Zen, Pullbacks and Boom
It is as though you have an eyeThat sees all formsBut does not see itself.This is how your mind is.Its light penetrates everywhereAnd engulfs everything,So why does it not know itself? —Foyan (www.dailyzen.com) More in this quote tonight, along with my trades and tomorrow’s watchlist. Note to those who read…
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Strong Sector Stocks Watchlist
Here are some stocks on my watchlist. All of these stocks come from the 20 strongest sectors over the past 10 days. I have not included notes because all of the stocks are extended and in need of a pullback. I’m looking for pullbacks to either price support or a…
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Answering Some E-Mails
Here are some off and on topic answers to email questions, minus the questions: I’ve read a lot of trading books, most of them not very helpful. I would recommend any of the Thomas Bulkowski chart pattern books, Enhancing Trader Performance by Brett Steenbarger, Master Swing Trader by Alan Farley…
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Today’s Trades: CENX, STLD, RL and LEH
I’ve had a busy day at work, so I’ll have to detail the trades in more depth tonight. I bought 500 shares of STLD at $40.02, 500 shares of CENX $47.64 and 300 shares of RL at $87.10. I also got stopped out of my 250 shares of LEH at…
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Ugh!!! For Some Reason I Ignored My Notes
You’d never have guessed that I’ve had a pretty good week thus far, considering that I looked like a lunatic after reading the notes I made on Monday’s watchlist. Here are the three stocks I starred, with the accompanying notations: PCU: Nice looking breakout with NR7 HTF formation. Enter now…
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Today’s Trade: EWZ, AKAM and RATE
I sold 500 shares of RATE at $43.44 (entry at $42.53)for a $455 gain (+2.1%). I sold AKAM at $56.90 (entry at $55.63) for a $508 gain (2.2%). I bought 700 shares of EWZ at $48.44. Over the past six months EWZ has been in a solid uptrend with the…
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Strategy: Under the Radar Sectors (Today it’s Foreign Utilities)
As I’ve discussed before, I like to scan the top and bottom ten peforming sectors over a given time period for charts providing nice looking setups. While this is a good method for providing setups, it can also lead to a lot of “whipsaws” or failed setups, since just about…
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Paul J Singh 