Archive | October, 2011

Swing Trading Watch List – Nov 1, 2011

31 Oct

With the news of MF Global filing for bankruptcy Monday’s trade was rather wild as many futures traders were forced to sit on the side lines. Here are the stocks we are looking at for tomorrow.

Stocks to Watch on 11/1:

Longs: KMP, DG, MAT, NUAN

Shorts: APKT, NFLX

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Swing Trading Watch List – Oct 31, 2011

30 Oct

Happy Halloween. We are looking for some continued consolidation after last Thursday’s big up move. Perhaps a bull flag, before moving higher.

There isn’t much in terms of new setups. We had some large moves in our prior longs DECK and STMP over earnings. FSLR and NFLX also saw large thrusts down. Stay tuned this week for more stocks to watch.

Stocks to Watch on 10/31:

Longs: KMP

Shorts: FSLR

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Swing Trading Watch List – Oct 28, 2011

27 Oct

Today we had a large gap up in the market, let’s look at how we got into the trend on these gap days and how to identify relative strength and weakness.

Stocks to Watch on 10/28:

Another Goose Egg… Here’s Why:

Relative Strength and Relative Weakness

As we move up in the broader market we are looking for the strong stocks to move MORE than the broader market (higher). The weak stocks we look to move up less and when we do have a retracement we expect those weak stocks that we are short of to fall further than the broader market. This is relative strength and relative weakness.

Today, the market was up, and up big. Any strong stocks went with it therefore a stock that pulled back today and may be setting up in what looks like a buy signal on it’s chart is really relatively weak compared to the broader market.

As for shorts…look for stocks in a downtrend to break the low of the high bar for entry.

How to Get into a Long on a Gap UP

LTD Daily Chart

LTD 15-min Chart

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Swing Trading Watch List – Oct 27, 2011

26 Oct

Short and sweet.

We are starting to see more setups, keep in mind we are still in the thick of earnings announcements which can cause gaps at the open. If you stock gaps up and you were looking to get long, try and wait for a pullback on the 15-min chart and buy over the high of the lowest 15-min candle (vice versa for shorts).

Stocks to Watch on 10/27:

Longs: RL, NUAN, GIS, LTD, SO, PETM

Shorts: UPL, WDC

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Swing Trading Watch List – Oct 26, 2011

25 Oct

A choppy time in the markets. This is easily identifiable with the setups that give potential entry signals each night. As compared to a few weeks ago with a plethora of long signals, there isn’t much.

Stocks to Watch on 10/26:

Longs: CBST

Shorts: UPL

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Swing Trading Watch List – Oct 25, 2011

24 Oct

A good day for our past longs, LTD, DLTR, DECK, STMP to name a few. Note both DECK and STMP have earnings Thursday.

Stocks to Watch on 10/25:

…Goose Egg…

The reason being, given the positions currently held, it would only add risk to the portfolio building more long positions, and there are no short setups that stuck out when going through our scans tonight. Just as a Cheetah hunts’ its prey, sometimes it’s best to sit tight and wait for that opportunity.

FLSR Short, No Entry, Here’s Why:

FSLR short setup, which never triggered

FSLR short setup, which never triggered.


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Swing Trading Watch List – Oct 24, 2011

23 Oct

Watch out for earning!

As we get into the thick of earnings season make sure to note the earnings announcements for your stocks. I personally don’t hold positions over earnings unless I have a substantial profit and have scaled out of the bulk of my position. This leaves a small amount which is really looked at as a gamble when holding over an earnings announcement.

Stocks to Watch on 10/24:

Longs: none

Shorts: CYOU, FSLR, OVTI, RBA

Compare the NASDAQ to the S&P over the past two years. Typically the NASDAQ leads the market out of a recession and this time seems to be no different.

SPY Weekly Chart

NASDAQ Weekly

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Swing Trading Watch List – Oct 21, 2011

20 Oct

Options Expiry!

It’s that time of the month, the third Friday. Markets tend to be pretty wild in the morning on options expiry as traders close out positions and hedge as their front month positions expire. I stop accumulating front month options about 2 weeks before expiry, this is because the theta (for one) dramatically eats away if you are long an option as we inch closer to expiry.

Stocks to Watch on 10/21:

Longs: CRI, DECK, GWW, STMP

Shorts: none

Current Positions: CNP (long), LTD (long), NFLX (short), CRZO (short)

Still haven’t loaded the boat with new positions, just managing what I have. Once we break out or break down of this sideways consolidation it will yield great opportunity’s.

Stops above the highs of yesterday’s bar for shorts, and below yesterdays low for longs. Keeping them tight to lock in profits, and move on to the next trade.

Awaiting a break out or breakdown from this consolidation.

The SPY has consolidated over the past week making for very choppy intraday trading.

 

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