Saturday, January 24, 2009

Wednesday, January 21, 2009

Thoughts....

As everyone knows, I attach my thoughts to the actual charts so I'll be brief. I've posted the charts that I'll be paying close attention to tomorrow as well as a couple of setups that are bank related. If I do anything different, I'll post it to Twitter.

Index Watch for January 21, 2009





New Setups for January 21, 2009


Tuesday, January 20, 2009

Thoughts....

Regardless what the market does this week, I think I've posted enough setups to keep us busy. Included in the Weekend Review are some intraday setups suited for more aggressive or experienced traders. I've used the 60 minute time frame with each.

As far as the market is concerned, I still think it's best to be nimble. Although I will play the occasional breakout setup, the majority of my trades have been shorts at objective and identifiable resistance levels. I get stopped out a lot, but the pain is minimal because my stops are so tight. It's really no different than I've ever traded. I've always been a singles & double hitter. I don't hit many home runs, but I rarely swing and miss. I just hit a lot of foul tips.

I didn't post the spreadsheet this weekend because I'm not sure if anyone else uses it. If anyone wants me to post it, drop me an email and I'll get it up. I'll make a post during the week if I come across anything exceptional.

Sunday, January 18, 2009

Review for Week of January 20, 2009

Breakout Setups
(Click on Symbol for Annotated Chart)

APWR A-Power Energy Generation Systems
FCE/A Forest City Enterprises
EXK Endeavour Silver Corp
NGD New Gold
TTI Tetra Technologies
TTES T-3 Energy Services
LMC Lundin Mining
GU Gushan Environmental
BFRM BioForm Medical
IOSP Innospec
OME Omega Protein
NFP National Financial Partners
ISSI Integrated Silicon Solution
OZM Och-Ziff Capital Management
RAME RAM Energy Resources
SYMX Synthesis Energy Systems
MXIM Maxim Integrated
ISIL Intersil Holding
RICK Rick's Cabaret
TX Ternium SA
SPRD Spreadtrum Communications
SRZ Sunrise Senior Living
LCC U.S. Airways Group
ICA Empresas Ica Soc Control
CVGI Commercial Vehicle Group
NTG Natco Group
TRW TRW Automotive
GPOR Gulfort Energy
MEE Massey Energy
NBR Nabors Industries
ICO International Coal Group
CLUB Town Sports Intl
TNL Technitrol
TS Tenaris S.A.
ELRN Elron Electronic Industries
FCL Foundation Coal
OIS Oil States
ORBK Orbotech
GKK Gramercy Capital
FCH Felcor Lodging
ES Energy Solutions
BUCY Bucyrus Intl
GGP General Growth Properties
CMZ Compton Petroleum
ACMR A.C. Moore Arts & Crafts
BLC Belo A.H.
ASX Advanced Semiconductor
AXTI American Xtal Technology
AGM Federal Agricultural Mortgage
CVTX CV Therapeutics
EGMI Electronic Game Card
ADPT Adaptec

Intraday Setups
(Click on Symbol for Annotated Chart)

SKF ProShares UltraShot Financials (ETF)
ERX Energy Bull 3x Shares (3x ETF)
TNA Small Cap Bull 3x Shares (3x ETF)
UYG ProShares Ultra Financials (ETF)
MYGN Myriad Genetics
TTC Toro Company
XOM Exxon Mobil
HES Hess Corp
RMD Resmed
SUN Sunoco
FWLT Foster Wheeler
OXY Occidental Petroleum
FDP Fresh Del Monte
FSLR First Solar
MYL Mylan Labs
CI CIGNA Corp
SPH Subarban Propane Holdings
CPA COPA Holdings
UTI Universal Technical Institute
AGN Allergan
AMZN Amazon.com
BVF Biovail Corp

Short Setups
(Click on Symbol for Annotated Chart)

NUVA NuVavise
AVAV AeroVironment
NCIT NCI Inc
OCR Omnicare
NRGY Inergy
RIMM Research in Motion
APPY AspenBio
BAX Baxter Intl
LLL L-3 Communications
NS NuStar Energy
PWR Quanta Services
LO Lorillard
IAG IAMGOLD Corp
CGRB Cougar Biotech
SMG Scotts Company
ESI ITT Educational
GDX Market Vectors Gold Miners
IAU ishares COMEX Gold Trust
PCG PG&E
AUXL Auxillium Pharma
AGP Amerigroup
AIR AAR Corp
AMED Amedisys
ATK Alliant Techsystems
ATO Atmos Energy
BDX Beckton Dickinson
BPT BP Prudhoe Bay Royalty Trust
CAI CACI Intl
CALM Cal-Maine Foods
CAL Continental Airlines
CEF Central Fund of Canada
CHSI Catalyst Health Solutions
CMN Cantel Medical
CUB Cubic Corp
DCP Dyncorp Intl
DPL Dpl Inc
ECOL American Ecology
EPIQ EPIQ Systems
EW Edwards Lifesciences
FNF Fidelity National Financial
GMCR Green Mountain Coffee
HMSY Health Management Systems
ICFI ICF Intl
IDCC InterDigital
IPCR IPC Holdings
KGC Kinross Gold
LH Laboratory Amer
LL Lumber Liquidators
MHS Medco Health Solutions
MINI Mobile Mini
MVL Marvel Enterprises
MYGN Myriad Genetics
NLY Annaly Capital Mgt
OCN Ocwen Financial
ORLY O'Reilly Automotive
PCR Perini Corp
PETS PetMed Express
QGEN Quiagen N.V.
RDK Ruddick Corp
RYAAY Ryanair Holdings
STRL Sterling Construction
SUN Sunoco
TEVA Teva Pharma
UL Unilever PLC
USMO USA Mobility
VRX Valeant Pharma
WEC Wisconsin Energy
WIRE Encore Wire
XEL Xcel Energy

Long Setups
(Click on Symbol for Annotated Chart)

MPEL Melco Entertainment
CAVM Cavium Networks
YGE Yingli Green Energy
CZZ Cossan
AAI AirTran Holdings
AFFX Affymetrix
APL Atlas Pipeline Partners
GLG GLG Partners

Saturday, January 17, 2009

Tuesday, January 13, 2009

Thoughts....

I posted a few short term / daytrade setups I'm going to be watching over the next day. They are short term and aggressive, but I intend on using the tightest of stops should any reach the level where I'm willing to act. The sentiment indicators I follow signal a rally is on the horizon. Unfortunately, options expire this week which sometimes distort the information we have. If the market is weak off the open, things should get interesting. If I do anything different than what I posted tonight and over the weekend, I'll post it to Twitter.

I've also made a list of some basic technical scans I use at stockcharts.com. I'll provide a link in the "Education" section of the blog if anyone needs them for future reference. If anyone has any questions, don't hesitate to let me know.

New Setups for January 13, 2008




Education - Technical Scans

MACD Positive Cross
[type = stock] and [country = us] and [daily macd line(12,26,9) crosses daily macd signal(12,26,9)] and [daily close >= 10] and [daily volume >= 100000]

MACD Negative Cross
[type = stock] and [country = us] and [daily macd signal(12,26,9) crosses daily macd line(12,26,9)] and [daily close >= 10] and [daily volume >= 100000]

MACD Positive Cross Over the Zero Line
[type = stock] and [country = us] and [daily macd line(12,26,9) = 0] and [daily close >= 10] and [daily volume >= 100000]

MACD Negative Cross Under the Zero Line
[type = stock] and [country = us] and [0 = daily macd line(12,26,9)] and [daily close >= 10] and [daily volume >= 100000]

"Golden Cross" Scan (50 Day MA over 200 Day MA)
[type = stock] and [country = us] and [daily sma(50,daily close) crosses daily sma(200,daily close)] and [daily close >= 10] and [daily volume >= 100000]

"Cross of Death" Scan (50 Day MA under 200 Day MA)
[type = stock] and [country = us] and [daily sma(200,daily close) crosses daily sma(50,daily close)] and [daily close >= 10] and [daily volume >= 100000]

RSI Cross over 70
[type = stock] and [country = us] and [daily rsi(14) >= 70] and [yesterday's daily rsi(14) <= 70] and [daily close >= 10] and [daily volume >= 100000]

RSI Cross Under 30
[type = stock] and [country = us] and [daily rsi(14) <= 30] and [yesterday's daily rsi(14) >= 30] and [daily close >= 10] and [daily volume >= 100000]

Stochastics Above 80
[type = stock] and [country = us] and [daily full stoch %k(14,3,3) >= 80] and [daily close >= 10] and [daily volume >= 100000]

Stochastics Below 20
[type = stock] and [country = us] and [daily full stoch %k(14,3,3) <= 20] and [daily close >= 10] and [daily volume >= 100000]

Stochastics Entering the 80 Line (OverBought)
[type = stock] and [country = us] and [daily full stoch %k(14,3,3) crosses 80] and [daily close >= 10] and [daily volume >= 100000]

Stochastics Entering the 20 Line (OverSold)
[type = stock] and [country = us] and [20 crosses daily full stoch %k(14,3,3)] and [daily close >= 10] and [daily volume >= 100000]

Sunday, January 11, 2009

Thoughts....

I didn't get to spend as much time as I normally do searching for fresh setups over the weekend. I'll make a new post sometime during the week when I come across something interesting. The "easier" trades continue to be the short setups. As I posted a couple of months ago, here is an example how I trade them. If I need to provide more or different examples, send me an email and I'll get something up.

Below is the spread sheet I'll use this week for the short and long setups. It makes it easier to load everything in Quotetracker.

Index Watch for January 12, 2009