Trading notes: Coming back from a half of trading, that saw a decent amount of volume given for how long the market was open that day. Employment number came out cooler than expected with unemployment rising slightly faster than expected (4.1% vs 4.0%). I can see where today won't see [...]
I closed 1/3 of CIBR at 57.39 for +2.4% profit.
Trading notes: Today is a shortened trading session as the stock market will be closing at 1pm ET, which in the middle of July before a full day off for Independence Day, means extremely low levels of volume. Also means that it doesn't set up well for initiating new trade [...]
Trading notes: There's not much in the way of quality new trade setups today. Much of that due to the overextension of a few mega caps and the lackluster performance being seeing by much of everything else. Oil continues to see improvement and crude in general is on the march [...]
New Long Setup: DVN I BOUGHT DVN at:Â 48.02 My stop-loss: 46.36 My target price: 53.00 Risk Rating: 3.9
I closed MU at 129.18...overall -2.7% loss.
Trading notes: Rough trading on Friday that saw the market open on optimistic tones, but sell-off the following 11 straight candles on the 30 minute chart, indicating perpetual selling throughout the day. SPX finished the week with a gravestone doji candle, which can often times initiate a reversal/pullback. You still [...]
I closed 1/2 of MU at 131.07 (1/3 of original) for -2.7%
I closed 1/3 of MU at 132.89 for -1.3%
New Long Setup: MU I BOUGHT MU at 134.75 My stop-loss: 129.18 My Target Price: 155.00 Risk Rating: 4.1
Trading notes: End of quarter today, so there could be some pretty heavy moves into the close. Since the personal income report came out, the market has give up about half its gains on the Nasdaq and S&P 500 futures, while the Russell 2000 futures is unphased by it all. [...]
New Long Setup: CIBR I BOUGHT CIBR at 56.05 My stop-loss: 54.52 My target price: 59.30 Risk Rating: 2.2
