Saturday, October 31, 2009

Expecting a Bounce on Monday.

If we do a get a bounce, I am planning to play the long side with ETF's rather than individual names.Individual stocks look to fragile here.

Tuesday, October 27, 2009

DE, WHR. Setups for 10/28/2009.

DE, WHR broke out recently with great volume and earning.If the market decides to bounce tomorrow, keep an eye on them.Could be a Holy Grail setup.

Monday, October 26, 2009

SPY Update.

Sunday, October 25, 2009

Short Setups. 10/25/2009

I am seeing more short setups then long. On the long side, I will be watching ARST CISG, DDRX and NTRI.
On the short side,CETV,CWTR,KEX,LBTYA,MAN,ROVI,RVBD looks good.

Saturday, October 24, 2009

SPY looks vulnerable.

Then again most obvious chart pattern hasn't worked in this market lately.

Thursday, October 22, 2009

Long Setups for 10/23/2009

Lets keep an eye on this stocks.

Tuesday, October 20, 2009

GFA: A Lesson in Intraday Dip Buying.

GFA is a recent Brazilian high flyer stock. Price has been stuck in a narrow range for last four trading days, printing a NR-4 candle on the daily chart yesterday.

Today GFA decided to resolute to the downside with a huge sell off. Intraday price was down as much as 10%, breaking Intraday S1/S2/S3 pivots and 5/10 daily MA’s. When a high flyer like GFA faces that sort sell off, it is often rewarding to look for an intraday bounce and find a logical place for it. In this case 10 MA was breached with fury right after 11AM. The next logical place would be 20 MA, surely price touches 32.11(20 MA is around 32.20) and bounces right off with a beautiful reversal candle. A limit buy order around 32.20 with a stop right under whole number 32 would have been rewarding. As you can see price bounced off 20 MA, retraced first to 38% at 33.60, next 50% at 34.13. Once that was taken out, it preceded above 61% and capturing back the 10 MA on the daily. If you were able to catch the dip, it was good for a cool 2.5 points.

I believe given how some of the energy stocks have been climbing lately, we will see more setups like this. Be careful not to be too early to buy the dip as you might be catching a falling knife. The reversal from the support or MA’s has to be fast and furious with good volume almost in a ‘V’ shape. Pay attention to what kind of candle its forming. If it takes too long to reverse, don’t hesitate to get out flat or little loss, it might fall more.

PS: This strategy works best with day trading. I would not hold them over night.

Sunday, October 18, 2009

Setups.Week Of 10/19/2009

The following stocks looks good if the market remain strong.

Tuesday, October 13, 2009

Performance of Some Recent Picks.

I hope some of you were able catch the moves on recently featured stocks. Brazilian stocks are still hot. I also like some of the energy name here. SGY, FST, WTI, XTXI,MTL ,BVN are my favorite. Keep an eye on Tech. stocks as well, now that INTC had a great earning surprise I like TQNT and NTAP.

Sunday, October 11, 2009

Charts For the Week.10/13/2009

Please keep an eye on for these chart setups. Looks like some them are ready to make a move given a favorable market condition.