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May 2011

Recs

1

Long DO and ARR

May 31, 2011 – Comments (0) | RELATED TICKERS: DO , ARR

Two new trades to speak of, beyond the trade in Bed Bath & Beyond this morning, with Diamond Offshore Drilling (DO) at $73.36 and Armour Residential at $7.70. I also picked up a couple of trades in SSO - the Ultra 2x Long of the S&P as I bought on extreme negative tick readings earlier this morning.   [more]

Recs

1

Daily Long and Short Setup: BBBY & KEY

May 31, 2011 – Comments (0) | RELATED TICKERS: BBBY , KEY

So far today, the bulls are coming away a little bit disappointed today, and I can understand why. For me, the pullback that we've seen so far is giving me an opportunity to dip my toes in the water, after being 100% cash over the holiday weekend.   [more]

Recs

1

Trading Plan for May 31, 2011

May 31, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): None  [more]

Recs

2

Weekly Forecast

May 29, 2011 – Comments (0) | RELATED TICKERS: QQQ , UUP , SPY

Even though we have a short week coming off the holiday volume should resume as normal.  Last week the market saw a quick drop on Monday taking it down to the lower trendline where it started to base before melting higher throughout the rest of the week.  On Friday we found ourselves back at the upper trendline with a failed breakout above it.  Right now now the market favors the the bears and will until the SPX breaks above 1354 taking us out of this down trend.  Just because we break out of the down channel does not mean the bulls are back in control.  The market could break out of the channel to consolidate before moving lower.  Wait for a series of higher-highs before giving this market back to the bulls.  With this market moving back and forth so rapidly breakout plays are becoming hard to hold for any length of time.  The best plays are ones that move with the market.  Look for stocks that are pulling back on support when the market pulls down to the lower trendline or stocks hitting resistance when the market is pushing against the upper trendline (like we are seeing right now).   [more]

Recs

3

NYSE Reversal Indicator

May 28, 2011 – Comments (0)

The market continues to leave both the bulls and the bears on the edge of their seats. Direction is unclear at this point, and essentially, the only way to make money in this market is by trading quickly when the opportunity is there, and taking the profits in the same manner. So unless you can do this (and it definitely isn't easy to do), the best position is on the sidelines in cash.  [more]

Recs

1

Trading Plan for May 27, 2011

May 27, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): SLB (82.77)  [more]

Recs

1

Playing the bounce: F, TEVA, ADBE, TSLA

May 26, 2011 – Comments (0) | RELATED TICKERS: TSLA , F , ADBE

Market finally settled down at the support of the downward channel could potentially bounce in the next session if economic data does not do any major damage. With that in mind, here are few stocks to go long taking advantage of this bounce.  [more]

Recs

1

Daily Long and Short Setup

May 26, 2011 – Comments (0) | RELATED TICKERS: NBL , AET

Today's market has been less than spectacular. Bad GDP and Jobless Claims reports has stifled any further progression in the market at this point. I've added a position (a short position, believe it or not) Aetha Inc. at $43.11. But it needs to get below 42.92, in order for me to keep this position overnight. Also an observation worth noting, is that nearly every-other stock in my screens are energy related, so that could be a sign that energy more than other sector, is setting  up for a breakout in the days ahead.   [more]

Recs

1

Trading Plan for May 25, 2011

May 26, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): PEP (70.10), PCLN (502.75), SLV (33.36), NFLX (237.25), GLD (144.73), ANV (34.25), FDO (53.28)  [more]

Recs

1

Long SLB & Some Other Energy Plays To Consider

May 25, 2011 – Comments (0) | RELATED TICKERS: SLB , DNR , NFLX

After taking profits in all my positions except for Family Dollar (FDO), which included NFLX (+5.3%), GLD (+0.6%), ANV (+1.9%), and CMI (+3.2%), I decided to get into Schlumberger (SLB) at $84.17. I like the trade a lot and has the potential to make a run to $88 in the very short-term. I've also included a few other energy plays below with ideal entry prices. They are all exhibiting good volume readings and chart setups.   [more]

Recs

1

Daily Long and Short Setup

May 25, 2011 – Comments (0) | RELATED TICKERS: CMI , MCO

One new position to report this morning in Cummins (CMI) as I managed to get in at $102.03. The volume looks strong in it so far today, and there has been a descent bounce at this point in this trading session. The other setup is Moody's (MCO) which has been strong for most of this year, but has recently put in a double top of late, with a huge gap below that needs to be filled.   [more]

Recs

1

Trading Plan for May 25, 2011

May 25, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): PEP (70.10), NFLX (237.25), GLD (144.73), ANV (34.25), FDO (53.28)  [more]

Recs

1

Where Is This Market Taking Us

May 24, 2011 – Comments (1) | RELATED TICKERS: SPY

For most of this month the bears have thrown around the bulls like some red-headed, left-handed, step-child. At this point, we are in a steep decending channel, and as it stands right now, we are on the bottom end of that channel, which means for the bears the risk far out weighs the reward, unless they are able to somehow break through the bottom end of that channel, at which point, the bottom falls out of the market.    [more]

Recs

1

Trading Plan for May 24, 2011

May 24, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): PEP (70.10), PCLN (502.75), SLV (33.36), NFLX (237.25), GLD (144.73)  [more]

Recs

1

13 Stocks Ready For A Short Squeeze

May 24, 2011 – Comments (0) | RELATED TICKERS: CBZ , HUSA , QDEL

Below is a list of small-cap stocks that have been heavily shorted by the street, and should the market continue to rally, these stocks could see their  share price launch into the stratosphere (if they haven't begun so already) because of the bears being forced to cover their short positions in the stock. Based on the number of shares that are being borrowed, for some of these stocks, it could take as many as 50-70 days to cover all the shares held short in the individual stock.

If you don't know what a short squeeze is, that is where a stock starts to rise rapidly, and as the trend continues to escalate, the short sellers will likely want out. For example, say a stock rises 5% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.  [more]

Recs

2

UUP - The Dollar Is Testing Major Resistance

May 23, 2011 – Comments (0) | RELATED TICKERS: UUP , TLT , SPY

The strength in the dollar has been putting heavy weight on both equities and commodities. However, whether this is a real move or not it's sbeing questioned. Currently UUP is testing a a major broken support coincidentally crossing with a major downward long term trend line resistance. If UUP fail to break this resistance, we can see the dollar to continue its down trend, and a surge in Gold prices, and perhaps a bounce in equities in the next few  sessions.  [more]

Recs

2

Long NFLX at $242.18

May 23, 2011 – Comments (0) | RELATED TICKERS: NFLX

I was a bit hesitant to go long on anything this morning, but finally decided to pull the trigger on Netflix (NFLX) because a) does much better than the field in bear markets b) bouncing off a nice intermediate upward trend-line c) looking to break through resistance above. I also got into SSO on an extreme negative TICK reading of -1000, which was the only time we hit that level the entire day (so far). My entry in SSO is at $52.35, which likely will be closed out before the end of the day, unless we see a major recovery this afternoon.  [more]

Recs

1

Trading Plan for May 23, 2011

May 23, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): PEP (70.10), STZ (22.20), FTR (8.57), CB (64.32), PCLN (502.75), KCI (57.69), SLV (33.36), PNW (44.78)  [more]

Recs

1

10 Stocks I am Watching This Week

May 23, 2011 – Comments (0) | RELATED TICKERS: GOOGL , PCXCQ.DL , FFIV

Everyone seems to be concluding that we've got some downside ahead of us going in to the week ahead. As for me - I'm on the fence ready to expect anything. I'm about 60% long going into tomorrow without a single short in the portfolio. I am a bit skeptical of the perceived bearishness out there, just because everyone seems to be hopping on that bandwagon in droves, firing up the short scans and ready to take out anything printing red tomorrow. That is fine and all, but I've seen this market bounce back from worse before, and wouldn't be surprised to see this market once again bounce this week too. But that is just my thoughts and the market is under no obligation to satisfy them.   [more]

Recs

1

Weekly Forecast

May 22, 2011 – Comments (0) | RELATED TICKERS: UUP , TLT , SPY

Here is a look at the /ES on a 60min view.  You can see that we broke down below the upward channel and now forming a downward channel from it.  We are currently trading near the top of the channel leaving room to move down to the 1310 level.  [more]

Recs

1

NYSE Reversal Indicator

May 21, 2011 – Comments (0)

The market continues to leave both the bulls and the bears on the edge of their seats. Direction is unclear at this point, and essentially, the only way to make money in this market is by trading quickly when the opportunity is there, and taking the profits in the same manner. So unless you can do this (and it definitely isn't easy to do), the best position is on the sidelines in cash.  [more]

Recs

2

Long SLV and PWN

May 20, 2011 – Comments (0) | RELATED TICKERS: PNW , SLV , LNKD

I went long Silver (SLV) at $34.06, and though it's not Linkdeln (LNKD), it does have a lot of volaility, and if you followed my chart that I posted earlier this week, you'll remember that I highlighted the potential for us to see a nice pop out of this commodity. Well, now it is clearly exhibiting a willingness to do as much, as is a lot of the precious metals, and I expect to see SLV to make a significant push higher in the coming days and weeks, which is why I decided to jump in on the three days of consoldiation that we've got here.  [more]

Recs

1

Trading Plan for May 20, 2011

May 20, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): PEP (70.10), FTR (8.57), CB (64.32), PCLN (502.75), KCI (57.69)  [more]

Recs

2

7 Stocks That Are Breaking Down

May 19, 2011 – Comments (0) | RELATED TICKERS: RDY , GEO , LXP

The stocks below are showing signs of, or already in the process of, breaking down as the smart money appears to be leaving them in a subtle manner. There are stocks trading at its peak and finally showing some vulnerability, while on the other extreme, there are stocks that have been in a channel near or at their lows, before finally breaking down below those lows.  [more]

Recs

1

RUT Trade Review

May 19, 2011 – Comments (0) | RELATED TICKERS: IWN

esterday we opened a trade on the RUT - Russell 2000.  Specifically, did a short vertical put spread using the 805/800 strikes on the May expiration.  What this means is I sold the 805 strike and bought the 800 strike to bring in a credit.  A short vertical put spread is a bullish to neutral play because you will make money if the stock goes up, stays flat, or even comes down slightly.  In our case of using the 805 strike it gave us 3.53% cushion room to breakeven, and the RUT would need to move below 805 by the end of the trading day today (Thursday) for us to lose money.  Now our total credit for this transaction was .22 per spread.  A credit of 22 would mean a 4.6% return on investment for holding the options one day.   [more]

Recs

1

Daily Long and Short Setup

May 19, 2011 – Comments (0) | RELATED TICKERS: CX , AMLN.DL

The market definitely puked on the Existing Home Sales report, but the damage isn't all that bad from a daily perspective - it's just that it wiped out our early gains quite convincingly. Nonetheless, I am still focused on trading to the long side and will continue to do so, until this market experiences a legitimate change in character (i.e. the charts start showing some damage). WIth that said below are the Daily Long and Short Setups. The long setup is Amylin Pharmaceuticals (AMLN) a stock I've traded plenty of times, but because it is a biotech stock, is subject to some wild overnight price swings. The other one is Cemex (CX) which has gotten hammred this year, and looks to resume the downward trend already in place.  [more]

Recs

1

Trading Plan for May 19, 2011

May 19, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): PEP (70.10), STZ (22.20), FTR (8.57), CB (64.32), PCLN (502.75)  [more]

Recs

2

Bought PCLN at $515.51

May 18, 2011 – Comments (0) | RELATED TICKERS: PCLN

I didn't get a chance to post this trade as a stand alone article (though I did on the trading ticket for everyone) earlier today, so I wanted to take some time this evening to do exactly that. I believe that this trade is good to take all the way up to $520. After that, you've missed the ideal entry. I am targeting a move at least in to the $530's and perhaps even into the $540's. The volume has been improving the last two days and managed to bounce off of an important long-term trend-line.  [more]

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1

GDX - Lovely Little IHS

May 18, 2011 – Comments (0) | RELATED TICKERS: GDX

Credit to Tim Knight for spotting this lovely little IHS on the GDX 15min chart:  [more]

Recs

1

RIMM - Massive Support Break

May 18, 2011 – Comments (0) | RELATED TICKERS: BBRY

I posted the longer term RIMM chart a couple of weeks ago and said that if RIMM broke the six year support trendline that would be a massive support break. The market has spoken, and it looks like bad news for RIMM:  [more]

Recs

1

Trading Plan for May 18, 2011

May 18, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): PEP (70.10), STZ (22.20), EP (17.84), EXPE (24.74), FTR (8.57)  [more]

Recs

1

6 Stocks I Am Watching Tomorrow

May 17, 2011 – Comments (0) | RELATED TICKERS: CB , LUV , URBN

What a roller coaaster of a day! And quite the recovery by the S&P to close right on the 1329 price level (okay-it was a hair below it, but that isn't significant enough for me to consider it as a break of support). Below I've put together 6 trade setups to watch closely, going into the market open tomorrow.  [more]

Recs

3

Long EXPE at $25.59 and FTR at $8.80

May 17, 2011 – Comments (0) | RELATED TICKERS: EXPE , FTR

Finally  made two late afternoon trades, the first of which is in Expedia (EXPE) at $25.59, and the other in Frontier Communications (FTR) at $8.80. I also managed to get out of the S&P UltraLong 2x (SSO) at $53.60, after having averaged down five times outside of my original buy-in. At one point, at the market lows, my portfolio was 60% SSO which you can only imagine provided quite a show in volatility. To say the least, I am glad not to be holding that position any longer.  [more]

Recs

1

Daily Long and Short Setup

May 17, 2011 – Comments (0) | RELATED TICKERS: TTWO , VSH

The bears probably havent' felt this good since....well...last May, when the markets put in a short-term top ushering in what was a very volatile summer. Couple of key points to make here though. 1) S&P has not held the important 1329 price level, and that is a big problem for the bulls, and as of this post, we are also trading below 2) the 50-day moving average and 3) the long-term trend-line off of the September lows of last year. So it can be most definitely said that unless things radically change by the time the market closes, that we are in official breakdown mode.  [more]

Recs

1

Trading Plan for May 17, 2011

May 17, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): PEP (69.75), STZ (22.20), SSO (53.35)  [more]

Recs

4

Where do we go from here

May 16, 2011 – Comments (2) | RELATED TICKERS: SPY

Last Wednesday (May 11th) we presented you with this article: The line in the sand... It was there we laid out what we would need to see in the market to determine a trend change.  We had established that we were in an up trending market and needed a break below 1329 to indicate a market rollover.  As of late, the market has been trapped in a sideways motion as it tried to find a direction.  Since we didn't see an edge we have kept trading to a minimum and waited for the market to tell us what to do.  Well today we saw a break below 1329 on the S&P 500.  [more]

Recs

1

31 Stocks Trading at a Huge Discount

May 16, 2011 – Comments (0) | RELATED TICKERS: ZLC.DL , EGLE , CHINA.DL

Here's one of your more traditional "Buffett-like" stock screens where I am essentially looking for companies selling well below their book value. The stocks below represent 31 companies that are trading at less than half its book value.  [more]

Recs

1

Long EP at $18.22

May 16, 2011 – Comments (1) | RELATED TICKERS: EP.DL

So far, it appears that commodities are trying to bounce today, and taking with them, the market in sympathy. We are definitely due for a sizable bounce in the short-term, and whether or not it is a dead-cat bounce or legitimate market recovery, it should provide for a nice profit opportunity.  [more]

Recs

1

Trading Plan for May 16, 2011

May 16, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): NTAP (52.45), PEP (69.75), RSH (15.93), STZ (22.20), CHKP (54.19), SSO (53.35)  [more]

Recs

1

10 Stocks I am Watching This Week

May 16, 2011 – Comments (0) | RELATED TICKERS: GOOGL , MR , TTWO

Futures are pointing down, at the moment, but a lot can change between now and the open. Either way, I've provided you below with 10 trading setups - 5 of which are to the long side and the other 5 are to the short side.   [more]

Recs

3

NYSE Reversal Indicator

May 15, 2011 – Comments (0) | RELATED TICKERS: SLV

If you're like me, you probably expected the NYSE Reversal Indicator to be pointing straight down. Instead, it is the exact opposite. So what does this all mean? Well, let me give you a few observations that come to mind 1) Bears only managed to push the market down last week, by a smidgen, which isn't the idea amount of follow through the bears were likely looking for. 2) The candle on the weekly charts comes across as quasi-bullish since the long upper shadow, coupled with a doji formation, showed that the bulls did show some strength at times on the daily chart, but overall couldn't bring it all together. So then, there is some willingness to buy this market - just not enough. 3) The selling in the broader markets has come largely on the heals of the margin requirements being dramatically increased, and thereby forcing bulls out of their positions which led to some commodities seeing +30% sell-offs in just two weeks (i.e. Silver (SLV). So the question has to be - in the short-term, how much more downside should we expect from the commodities. There is a lot of fear priced in right now, which could ultimately lead to a sizable bounce at some point .  [more]

Recs

2

A Technical Look on the Market

May 14, 2011 – Comments (0) | RELATED TICKERS: SPY

S&P Daily Chart: Despite the crazy selling we've seen the last two weeks, the bulls managed stay on top of support (1330-1340). A break of this support may lead us to test the 50MA and longer term trend line support. If that happens, the summer bears will rally, even though for me it's still early for that to happen from a short term trading point of view.  [more]

Recs

7

10 Most Annoying Trading Expressions On Twitter

May 13, 2011 – Comments (0)

For those of you who use Twitter as a part of your trading each day, it is a great way to find some concrete trading ideas as well as get breaking news well in advance of CNBC or Fox Business Channel. However, also on Twitter are a lot divas or those set on telling you how great of a trader they are or how smart they are, and if you subscribe to their trading system you can be just like them. Then there are those who just continue to use the same expressions over and over....and over again. To put it mildly, even if you unfollow them, their followers use the expressions, and if you unfollow them, well, someone is bound to retweet a tweet that was retweeted by a tweeter. So what I have done is compiled a list of expressions that are overly used and provide nothing for other traders that might be reading their tweets.  [more]

Recs

2

11 Stocks That Only Go Up

May 13, 2011 – Comments (1) | RELATED TICKERS: COO , TMUS , HRL

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 that of the market itself. They are often overlooked, but to those who invest their capital in these stocks, the returns that the investors receive are very rewarding. So if you've been scratching your head recently as to what stocks you should be trading, then the stocks below are probably just what the doctor ordered. However, I do not recommend you going out and buying each and everyone of the stocks listed. Instead put each of these stocks in a watch-list and wait for a minor pull-back to a significant support-level.  [more]

Recs

1

Daily Long and Short Setup

May 13, 2011 – Comments (0) | RELATED TICKERS: TTWO , MU , NFLX

I've been busy this morning closing out a couple of positions, while monitoring a few other breakout plays (follow me on twitter to get them as I find them). So far no new positions, but I did close out my NFLX June 270 Calls at $4.10 from $2.44 resulting in a 68% gain on the premium and 9.1% gain on the underlying asset that I traded. Below are two very nice setups depending on which side of the trading aisle.  [more]

Recs

1

Trading Plan for May 13, 2011

May 13, 2011 – Comments (0) | RELATED TICKERS: SPY , NFLX , NTAP

Current Long Positions (stop-losses in parentheses): GOOG (528.75), NFLX June 270 Calls, AAPL (342.25), NTAP (52.45), B (24.64), PEP (69.75), APH (55.20), HPQ (40.65), RSH (15.93), STZ (22.20), CHKP (54.19)  [more]

Recs

1

Long CHKP and STZ

May 12, 2011 – Comments (0) | RELATED TICKERS: CHKP , STZ

I finally pulled the trigger on two trades this afternoon. The first being in Check Point Software Technologies (CHKP) at $54.19 and the second one being in Constellation Brands (STZ), which was also listed as my daily long setup this morning. I'll likely be dumping off a few other non-performing positions by the end of the day so that I can trim my exposure to any further downturn that we might experience tomorrow.  [more]

Recs

1

Daily Long and Short Setup

May 12, 2011 – Comments (0) | RELATED TICKERS: STZ , RAX

The bulls have done a good job of erasing the early morning lows. I have yet to put on any new positions, but I am watching closely Constellation Brands (STZ) at $22.90 for an entry.  [more]

Recs

2

Trading Plan for May 12, 2011

May 12, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (533.00), NFLX June 270 Calls, AAPL (343.95), NTAP (52.45), B (24.84), PEP (68.75), APH (55.20), HPQ (40.65), RSH (15.93)  [more]

Recs

2

The line in the sand...

May 11, 2011 – Comments (0) | RELATED TICKERS: SPY

With every new extreme declining day it always seems to flush out the traders calling for the next market top.  We've come to notice that there are a lot of traders in the business of calling tops even if they must repeat for weeks or months until they are right.  What we tend to tell traders is to stick to what the charts tell you.  There is a lot less panic and uncertainty when you listen to what the charts have to say.  [more]

Recs

1

7 Stocks Breaking Down

May 11, 2011 – Comments (0) | RELATED TICKERS: ALJ , PWAVQ , WNR

The stocks below are showing signs of, or already in the process of, breaking down as the smart money appears to be leaving them in a subtle manner. There are stocks trading at its peak and finally showing some vulnerability, while on the other extreme, there are stocks that have been in a channel near or at their lows, before finally breaking down below those lows.  [more]

Recs

1

Fresh Bounces: AAPL & CAR

May 11, 2011 – Comments (0) | RELATED TICKERS: CAR.DL2 , AAPL

Here are two more potential bounces as market still seems to have some momentum left in it.  [more]

Recs

2

Daily Long and Short Setup

May 11, 2011 – Comments (0) | RELATED TICKERS: TGT , WTNY.DL , TZOO

No new positions yet this morning, but a ton of stocks on my watchlist, that I posted yesterday, are flying. I'm more concerned with managing my current positions, but may, under the right circumstances add one additional position to the portfolio. By the way, did you see Travelzoo (TZOO)? I decided to get out of that trade yesterday when the stock failed to show any willingness to move with the markets - and boy did I miss out , up +6% today.  [more]

Recs

1

Trading Plan for May 11, 2011

May 11, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (533.00), NFLX June 270 Calls, AAPL (343.95), NTAP (52.45), B (24.90), PEP (68.75), APH (55.20), HPQ (40.65), RSH (15.93)  [more]

Recs

1

Afternoon Trades: HPQ and RSH

May 10, 2011 – Comments (0) | RELATED TICKERS: HPQ , RSH

Here are the mark ups on the trades I took this afternoon. Both stocks are valid trades to take tomorrow morning, assuming we continue the bullishness from the past two days.  [more]

Recs

1

Breakouts To Watch With Entries

May 10, 2011 – Comments (0) | RELATED TICKERS: F , ADBE , BRCD

I've complied 34 stocks that are providing awesome trading opportunities. A couple of them may have already hit by the time you read this post, but most are prime for the picking. The price on the far right, is what I believe to be the ideal entry price. You may differ with me on this, as it is a matter of opinion, but nonetheless, the charts on all these stocks, provides for some nice trading opportunities for the remainder of this week.There are also a a few pullback plays such as Ford (F) listed below too.  [more]

Recs

1

Long PEP at $69.92 & APH at $56.19

May 10, 2011 – Comments (0) | RELATED TICKERS: PEP , APH

Some activity on my end this morning, buying Pepsico (PEP) at $69.92 (I was actually wanting to get in at $70, but used a limit order instead of a stop - ugh!), and then followed up that buy with another one in Amphenol Corp (APH). I'm still a pretty big fan of tech right now, as they seem to have the best breakout plays. I dumped my position in Travelzoo (TZOO) for a 0.8% loss. Not bad.  [more]

Recs

1

Trading Plan for May 10, 2011

May 10, 2011 – Comments (1) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (529.00), NFLX June 270 Calls, AAPL (343.95), AN (33.67), NTAP (50.98), TZOO (72.45), B (24.25)  [more]

Recs

2

6 Stocks Ready For A Bounce

May 09, 2011 – Comments (0) | RELATED TICKERS: TZOO , PCH , F

Here's one of my newest stock screens - it involves a mixture of high-risk knife catching setups with out-sized reward setups, should the stock bounce as their internal indicators are starting to suggest. These stocks have taken a royal beaten of late, and while the trend could very well continue down in the short-term, there is becoming an increasing likelihood that these stocks could bounce any day now.  [more]

Recs

1

Long UNH at $50.21

May 09, 2011 – Comments (0) | RELATED TICKERS: UNH

Here's my other long position that I took today - UnitedHealth Group (UNH), where I took a long position at $50.21 (as I said talked about doing in my previous post).  [more]

Recs

1

Long B at $24.92 & JBL at $21.01

May 09, 2011 – Comments (0) | RELATED TICKERS: JBL , B , UNH

Two new trades this morning with the possibility of another two should Hatteras Financial (HTS) trigger at $28.69 and United Healthcare (UNH) at $50.21. The two that I got in this morning are doing well so far, despite little movement out of the broader markets at this point. The first one is Jabil Circuit (JBL) at $21.01 and the second is Barnes Group (B) at $24.92.  [more]

Recs

1

Trading Plan for May 9, 2011

May 09, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (529.00), NFLX June 270 Calls, AAPL (343.95), SSO (53.99), AN (33.67), SLV (32.99), NTAP (50.98)  [more]

Recs

1

Long NTAP at $52.76

May 06, 2011 – Comments (0) | RELATED TICKERS: NTAP , SLV

So far the market is rebounding well today, and will look to lighten up some of my positions as well, particularly in SSO where I have a huge chunk of my capital in (40%). I'll probably sell 3/4 of that position today and take the nice profits in hand. Also, the Silver (SLV) play that I took yesterday is bouncing nicely at about 5% today and am inclined to hold until the close today.   [more]

Recs

1

Daily Trading Plan for May 6, 2011

May 06, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (524.00), NFLX June 270 Calls, AAPL (343.95), SSO (53.99), AN (33.67), SLV (32.99)  [more]

Recs

2

What To Focus On Tomorrow

May 05, 2011 – Comments (0) | RELATED TICKERS: SPY

One of the crazier days in the market this year - Oil down a shocking -9%, Silver down another 12%, gold down 3%, and you have on your hands a nasty, nasty day in the market, that was plagued with huge intraday swings. To say the least - I am exhausted after a day like today, especially, since I finished down overall on the day. But hey - you live to trade another day.   [more]

Recs

1

Stack Them Up - STEC, XLNX, STX, HOTT, MYL, COH

May 05, 2011 – Comments (0) | RELATED TICKERS: STEC , XLNX , MYL

Here's my pullback stocks watch list for the next few sessions:  [more]

Recs

1

Daily Long and Short Setup

May 05, 2011 – Comments (0) | RELATED TICKERS: AN , TRN

Market is getting hammered yet again today and commodities, in particular Silver (SLV) far worse - down over 28% from its highs. The main thing is that we are trading below 1340 which was a key support level for this market - it'll be important for the S&P to recover that level by the close. As for the trades below, I've gone long in Autonation (AN) at $34.39.  [more]

Recs

1

Trading Plan for May 5, 2011

May 05, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (524.00), NFLX June 270 Calls, AAPL (343.95), SSO (53.99), STZ (22.39)  [more]

Recs

1

X - Good Support Level

May 04, 2011 – Comments (1) | RELATED TICKERS: X

X has pulled back over 25% since the February highs, but it's now in a decent support area with a promising looking falling wedge that indicates back to the highs on a break up. There's positive divergence on the 60min RSI and the immediate target within the wedge is in the 51 area:  [more]

Recs

1

Daily Long and Short Setup

May 04, 2011 – Comments (0) | RELATED TICKERS: HBAN , SNY

Market is weak today, which if you read my trading plan this morning, comes at a bit of a surprise, because I was leaning toward seeing a bounce today - and who knows maybe we will. But for now, the mission of the bulls, has to be to plug the hole in the dam and start moving higher to recover these losses. Below are my long and short trade setups for you to take a look at. In neither one do I have a position at the moment.  [more]

Recs

1

Trading Plan for May 4, 2011

May 04, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (524.00), NFLX June 270 Calls, AAPL (343.95), CVS (35.91), SSO (54.70)  [more]

Recs

2

Long: CROX, Short: VECO

May 03, 2011 – Comments (0) | RELATED TICKERS: CROX , VECO

Market is due for pullback after such a strong run. Though I believe there is still more upside for the bulls. This  pullback may be either mild or violent all depending the headlines for the next few days. If there is no major shaking news in the market, we should see a mild consolidation or light pullback toward the 10MA. I'll keep my positions on light quantity this week, and perhaps taking advantage of this move with some bearish setups.  [more]

Recs

2

Long CVS at $36.50

May 03, 2011 – Comments (0) | RELATED TICKERS: CVS , SSO , AAPL

Here's another trade that I just made in CVS Caremark (CVS) on top of the Apple (AAPL) trade that I made this morning at $348.73. CVS is positioning itself for a great breakout, assuming the the market cooperates in the coming days. If so, the stock could make a push for $38-39 without much resistance. I also just jumped in the Ultralong S&P ETF (SSO) at $55.40 off of oversold market conditions (intraday) that looks ripe for a bounce. I will likely hold this overnight as well.  [more]

Recs

1

RIMM - Hold or Fold?

May 03, 2011 – Comments (0) | RELATED TICKERS: BBRY

RIMM's a hard stock to call. On the one hand you have strong earnings, decent growth, and a low P/E. On the other hand you have the Apple iPhone, which is head and shoulders above any other smartphone on the market.   [more]

Recs

1

Long AAPL at $348.73

May 03, 2011 – Comments (0) | RELATED TICKERS: AAPL

The selling that we have seen in this market so far is not at all worrisome, in fact it is more welcomed then anything, allowing for stocks to get a breather and provide an opportunity to get in stocks a little cheaper than previously.  [more]

Recs

1

Trading Plan for May 3, 2011

May 03, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (524.00), NFLX June 270 Calls  [more]

Recs

2

Breakout Plays For Today

May 02, 2011 – Comments (1) | RELATED TICKERS: AAPL , UPS , EP.DL

Here are some of the more intriguing setups that I am watching today. First, Apple (AAPL) is forming a nice bull flag, and setting up for what looks to be a breakout above the post-earnings highs. Vimpel Communications (VIP) is breaking out of its descending trendline in a very strong manner. Another stock worth watching is Bebe Stores (BEBE) which is consolidating at the recent highs, and looks poised for a very powerful move higher. United Parcel Services (UPS) has a nice double bottom, that it is breaking out above at $75.15, and finally, El Paso (EP), is breaking out to new highs on good volume and strength in the oil sector.  [more]

Recs

1

Trading Plan for May 2, 2011

May 02, 2011 – Comments (0) | RELATED TICKERS: SPY

Current Long Positions (stop-losses in parentheses): GOOG (524.00), NFLX June 270 Calls, DF (10.48), NVDA (18.73), BKI (26.35), ADM (35.58)  [more]

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