Thursday, July 30, 2009

Short Setups.





Finally QID looks good as a long.

Tuesday, July 28, 2009

Pay Attention to Individual Charts.


Forget the Index. It is very simple strategy. Given how resilient the marker has been, stick with individual charts with great setups. Specially the ones that are hovering around the 50/200 MA’s and tested a major support area.

Few long setups:







Follow Up.

2 more winners from that post today.




Remember VM and UTG. Look where they are today!


Monday, July 27, 2009

Trade for 7/27. HERO,VM,GNK

I wrote about this setups on my post last night.





Sunday, July 26, 2009

Day Trade Setups For Next Week.

Its hard to find great chart setups given how extended the market is. Below are some charts that could present profitable day trading opportunity. Most of them are below $10 and trying to make come a back after testing supports.If you decide to trade them keep your stop tight.







Friday, July 24, 2009

Thursday, July 23, 2009

Waiting To Be Discovered.

Out Of Range!

Finally we are out of that 945-956 range of death on S&P. Lets see if Bulls have any more Juice Left.

Wednesday, July 22, 2009

Late Nite Look At OIH.

Shhh... Don't Talk About

The Formation of an Inverse Head and Shoulder Pattern in S&P. Remember what happened last time. Meanwhile I am sticking with day trading.



Monday, July 20, 2009

Expecting a Pullback here.

Picks from last night with the exception of CORE did really well today. TEN up over 14%, FFIV up 3.7% and the superstar for today was UTA up 19.9%!





However, I’ll be very cautious going long here. S&P is running into heavy resistance and NASDAQ has been up for nine straight days. We might have another green day tomorrow but the risk/reward is not worth it.I had a great day today trading FUQI,GMCR,DISCA,FFIV,UTA and CTRP.I am 100% cash now and will look for index short opportunities tomorrow.


Sunday, July 19, 2009

Some Bullish Charts.




Thursday, July 16, 2009

Wednesday, July 15, 2009

Rally Monkey Was Right !

Wow! Rally Monkey did it! Some recently posted charts.





Tuesday, July 14, 2009

Monday, July 13, 2009

We Have a Bounce!

Coming into today I was 100% Cash. I was calling for a bounce in my last post but didn’t expect it to happen today after that early sell off. I had to attend a meeting at work this morning. Right before I left, I saw TNA bounced off that 22.50 area after making a 2 day double bottom. The recovery seemed intense so I put a limit buy order for 23.40.The order was filled and that position was up nicely. I also purchased ERX at 23.37 and STEC at 25.31, thanks to my Bro Stewie for STEC.Sold ERX at 24.33. TNA at 25. Still holding STEC. Right before the close, I also bought UYM at 15.98.My target is 16.50.



Some Charts I will be keeping my eyes on.