Archive | November, 2011

Poised to Go Higher?

30 Nov

NASDAQ 3 Month Chart

This is the first time in a long time we’ve seen increasing volume on the rally after a decline. While a lot of this volume could be do t government intervention, it’s still a positive sign technically for the markets.

If you missed it, Reuters announced that “Major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis.”

The stocks we”re trading haven’t changed, refer to the last couple of posts for those tickers.

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Swing Trading Watch List – Nov 30, 2011

29 Nov

A mix of longs and shorts have been emerging as we rally off last weeks lows. The telling sign will be if the broader market continues to rally and volume slumps off.

Here are a few names to check out for tomorrow.

Stocks to Watch on 11/30:

Longs: GNC, HMSY, PMC, SWI

Shorts: ANF, AVP, CRM, FRX, FSLR, HGR, OMG, RIMM, SAN, SSRI, ZMH

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Trader Paul Tudor Jones

28 Nov

Refer to yesterday’s video watch list for setups going forward this week. Since there isn’t much to talk about today I thought I would share a trading video of Paul Tudor Jones. It’s hosted on a Chinese website, but the video is in English.

Paul Tudor Jones Video

Enjoy!

Swing Trading Watch List – Nov 28, 2011

27 Nov

I hope everyone enjoyed their Thanksgiving.

We are looking at a few long setups and are waiting for some shorts to rally on lighter volume before getting short again.

Stocks to Watch on 11/28:

Longs: COG, EP, KMP, LNT, MAT, MCD, MMP, ORLY, PGN, PNM, SO, WRB

Shorts: ANF, AVP, CEL, CRM, DGIT, FII, GEOY, HGR, MED, OMG, OPEN, QSII, RIMM, SAN, SLF, SWKS, VRTX, ZMH

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Swing Trading Watch List – Nov 23, 2011

22 Nov

We had a few longs fire off today ALTE, CASY, MA, QCOR, TSCO, and WCG. Staying conservative through the Thanksgiving day holiday. Friday is a half day for NYSE session trade.

Everyone enjoy their week. Talk to you on Monday!

Stocks to Watch on 11/23:

See weekly video.

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Swing Trading Watch List – Nov 22, 2011

21 Nov

While the market had a large move today. Not much has changed since yesterday. We are still looking at the same group of stocks, the only one triggering a long was SWI. Reason being that it broke the high of Friday’s candle (the low bar).

After seeing our list of stocks react to today’s price action we DON’T like BKH, DPZ, HD, MCY, PGN, or TRAK anymore. No harm no foul. Waiting for a break above the high of the low bar helps keep you out of getting in too soon.

Stocks to Watch on 11/22:

Longs: ACGL, ALTE, ANSS, AWK, CASY, INT, MA, PGN, QCOR, SQI, TSCO, WCG

Shorts: AMRS, AVP, DGI, GEOY, IVC, QSII, TMO, VRTX, ZMH

With so many stocks out there to choose from, it pays to be selective.

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Swing Trading Watch List – Nov 21, 2011

20 Nov

A fun weekend out in Vegas for the Traders Expo. I gave a talk on Thursday titled “How to Avoid the 10 Costliest Trading Mistakes.” I will post the recording later in the week to the blog.

The long setups are ready for entry, the shorts listed need a pullback before re-entering short.

Here are the stocks we are watching for this week.

Stocks to Watch on 11/21:

Longs: ACGL, ALTE, ANSS, AWK, BKH, CASY, DPZ, HD, INT, MA, MCY, PGN, QCOR, SQI, TRAK, TSCO, WCG

Shorts: AMRS, AVP, CTRP, DGI, GEOY, IVC, PAAS, QSII, SLF, SSRI, TMO, VRTX, ZMH

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A Short Hiatus: Las Vegas Traders Expo

10 Nov

We will be taking a short hiatus through next week as we attend the Las Vegas Traders Expo. Here’s a list of upcoming webinars and events for your enjoyment.