Current Long Positions (stop-losses in parentheses): CPWR (11.37), TICC (11.90), PGH (12.65), LIZ (5.30), IRC (9.23) Current Short Positions (stop-losses in parentheses): None BIAS: 33% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Wholesale Trade (10am), EIA Petroleum Status Report (10:30am) My Observations and What to Expect: [...]
Two new trades to report this morning – I bought Liz Claiborne (LIZ) at $5.56 on a bull flag breakout after forming a double bottom of late. But I must say I had a hard time owning up to buying such a “mamby-pamby” stock, and may have to turn in [...]
Current Long Positions (stop-losses in parentheses): CPWR (10.90), TICC (11.90), PGH (12.65), EMC (26.38) Current Short Positions (stop-losses in parentheses): None BIAS: 20% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am) My Observations and What to Expect: […]
Nothing for the bulls to get excited about today, as the market is providing that rare follow through day on the previous day’s trading session. The best advice that I have right now is to resist the urge to try and game this market today. Instead, wait for the indices [...]
Current Long Positions (stop-losses in parentheses): CPWR (10.90), TICC (11.90), PGH (12.65), EMC (26.38), LSCC (6.52) Current Short Positions (stop-losses in parentheses): None BIAS: 27% Long Economic Reports Due Out (Times are EST): Consumer Credit (3pm) My Observations and What to Expect: […]
We had three significant reversals on the daily charts last week, which, frankly, makes trading much more difficult when holding positions over night and allows for undisciplined traders to get beat up pretty good on both sides of the trade. These are the times where you don’t want to be [...]
This screen here is useful for finding those stocks starting to catch some momentum to the upside. This is similar to its sister-screen that I call “Stocks That Are Breaking Down” (but just the exact opposite). A lot of these stocks are positioned for breakouts in the near future. If you [...]
Market isn’t looking too hot today, and it continues its ‘chop-fest’ of trying to bring the most pain to greatest amount of people on both sides of the trade. I’ve managed to hold my own today with a day-trade in JDS Uniphase (JDSU) that yielded a quick 3.5%, and an [...]
Current Long Positions (stop-losses in parentheses): CPWR (10.90), TICC (11.90), NFLX (199.75), PFE (18.89), PGH (12.65), SCO (43.99) Current Short Positions (stop-losses in parentheses): None BIAS: 28% Long Economic Reports Due Out (Times are EST): Employment Situation (8:30am), Factory Orders (10am), Treasury Strips (3pm) My Observations and What to Expect: Futures [...]
This is by far, one of my favorite stock screens that I run. I have probably found more winning stocks (and big % ones at that) off of this screen, than any other one that I run. These stocks make it a habit to trade on their own merits and not [...]
My setup in Lattice Semiconductor Corp. (LSCC) triggered today when it broke through $6.75, and I got filled at $6.76. I’m using a stop loss of $6.52 which is just below the days lows. The reason for this is because A) it was the closest support level that I could [...]
I jumped out of my long position in SCO which was a UltraShort ETF on Crude Oil. Made an okay gain on it, but I just didn’t like how oil was reacting to the rally we were seeing in the broader markets. My only other trade this morning was Savient [...]
