Short Setups.

Finally QID looks good as a long.

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!

Trade for 7/27. HERO,VM,GNK

I wrote about this setups on my post last night.

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.

7/24/09 Trades.CWTR,LVS,STP.

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.

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.

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.

Some Bullish Charts.

Pick For 7/17/09 : ERY

Rally Monkey Was Right !

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

Rally Monkey!

Rally Monkey!!

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.