Wednesday, January 19, 2011
Sunday, January 16, 2011
Few Setups to watch on Tuesday Jan 18th
BDSI - holding 1/2 position
GRRF - Looking for retest of recent highs
KIRK - Right at break out point!
MGIC - breaking out already, further upside after 8.5
THO - Broke through resistance and flagging... On watch for further upside.
Sunday, November 7, 2010
Just wanted to stop by and give an update... Haven't been doing much trading lately due to alot of training going on in the Day Job (which I hope to keep for 5 more years and retire at 35 Ha!).
I have been doing a few swing trades and have a few positions on at the moment including ATPG (which attempted to break out but pulled back on friday, even theough the market popped to almost break even which is a positive) I expect ATPG to continue its move and sold off a bit on profit taking from the previous day's move up and no one wanted to hold over the weekend. I expect ATPG to hold above the 50SMA and continue higher... IMO.
Also holding some SHLD calls which have stalled out on me and expected it to move higher already. Sold a few for a profit but holding 2/3d's pos which I expect to sell before earning date (At least most).
Below are a few stocks I've checked out which I think might have potential in the coming week for a move higher.
DCTH - In a short term uptrend and currently above all SMAs. Lurking around a key resistance level which it has currently failed to get over. Current wedge formation is starting to tighten and I think it has a good chance to break to the 11 area, 12.50 second target.
VHC - Long term fav of mine which I recommended at 7.50 and unfortunately ended up selling in the 12's, but hey, profit is profit. I am liking the pattern here for a continued break out as it has been holding up very well and creating a new wedge formating as well.
TSTC - Longer term wedge formed here and right under the 200SMA but above the 50 and 100. I pop over this descending trend line forming the wedge and 200ma should take this one higher. Could be looking for a 14.80 to at 15.50 target. Keep an eye on it.
ALTH - a bottom picking / bounce off support play with a flat-lining 50ma and potential to break this downtrend due to good price movement on high volume friday. 1st target would be about 4.80 which is a good prior support/resistance area. Both Stochs and MACD turning up on this past move. Could continue its recent momentum.
I Hope to be back in action by the end of November so just trying to start to get warmed up again. Trade em well and thanks for reading!
BT
I have been doing a few swing trades and have a few positions on at the moment including ATPG (which attempted to break out but pulled back on friday, even theough the market popped to almost break even which is a positive) I expect ATPG to continue its move and sold off a bit on profit taking from the previous day's move up and no one wanted to hold over the weekend. I expect ATPG to hold above the 50SMA and continue higher... IMO.
Also holding some SHLD calls which have stalled out on me and expected it to move higher already. Sold a few for a profit but holding 2/3d's pos which I expect to sell before earning date (At least most).
Below are a few stocks I've checked out which I think might have potential in the coming week for a move higher.
DCTH - In a short term uptrend and currently above all SMAs. Lurking around a key resistance level which it has currently failed to get over. Current wedge formation is starting to tighten and I think it has a good chance to break to the 11 area, 12.50 second target.
VHC - Long term fav of mine which I recommended at 7.50 and unfortunately ended up selling in the 12's, but hey, profit is profit. I am liking the pattern here for a continued break out as it has been holding up very well and creating a new wedge formating as well.
TSTC - Longer term wedge formed here and right under the 200SMA but above the 50 and 100. I pop over this descending trend line forming the wedge and 200ma should take this one higher. Could be looking for a 14.80 to at 15.50 target. Keep an eye on it.
ALTH - a bottom picking / bounce off support play with a flat-lining 50ma and potential to break this downtrend due to good price movement on high volume friday. 1st target would be about 4.80 which is a good prior support/resistance area. Both Stochs and MACD turning up on this past move. Could continue its recent momentum.
I Hope to be back in action by the end of November so just trying to start to get warmed up again. Trade em well and thanks for reading!
BT
Wednesday, October 6, 2010
JDSU - JDS Uniphase Corp
JDSU - Currently at a key resistance area looking like it wants another leg up. 1st Target would be about 14.
Wednesday, September 29, 2010
Current Positions Update Sep 29
Below are the current positions I have open going into Thursday Sep 30. Already took profits on most of them just to make sure I lock in some gains. The SPX is having trouble getting over that 1150 area and I don't want to be in positions too heavily, in case the market decides to reverse, I don't wanna be caught with my nuts out!
SHOO - Currently have 1/2 position. Could continue to move up on recent strength.
ENTR - Holding 1/2 position here as well. Broke over 10 intraday but pulled back and closed just under 10.
FNSR - Took 3/4 profit intraday at the highs and reloaded some on the slight pullback in the afternoon. Stock traded 2x it's average volume today and closed strongly.
SHLD - Picked up a few Oct 75 calls as a starter position. Will add if the stock drops back a bit and trade is still valid. Looking for it to break over 100MA and resistance area shown below.
SHOO - Currently have 1/2 position. Could continue to move up on recent strength.
ENTR - Holding 1/2 position here as well. Broke over 10 intraday but pulled back and closed just under 10.
FNSR - Took 3/4 profit intraday at the highs and reloaded some on the slight pullback in the afternoon. Stock traded 2x it's average volume today and closed strongly.
SHLD - Picked up a few Oct 75 calls as a starter position. Will add if the stock drops back a bit and trade is still valid. Looking for it to break over 100MA and resistance area shown below.
ARNA - Just taking a shot here with a small position to see if we get a bounce as the stock has gotten the shit beat out of it. In at 1.58 and will stop out below 1.50.
Banked all profit in $RIG Calls today and $ATPG. Will look to reload on a pullback.
Tuesday, September 28, 2010
SHOO - Steven Madden, Ltd.
Steven Madden Footwear! - Closed at highs today on 2x the Average volume. Over 41 could breakout hard. Will be watching this one tomorrow.
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