Archive | January, 2012

Swing Trading Watch List – Feb 1, 2012

31 Jan

60 Minute SPY Wedge

A small, but noteworthy wedge has developed on the broader indices’s. I zoomed into a 60-min chart of the SPY to help identify it clearly. Given that the daily trend for the past 2 months has been up we will anticipate a breakout to the upside, but take a more delta neutral approach to weigh in for a potential sharp sell off.

Stocks to Watch on 2/1:

Longs: FEIC, HMSY, INTU, KFT, ROST, TJX

Shorts: BBG, CVD

Grab the RSS Feed to have the daily watch list delivered via email.

Simple Tips for Struggling Swing Traders

29 Jan

Swing Trading Watch List – Jan 27, 2012

26 Jan

A light watch list going into the weekend. Remember Friday is NOT the day to be a hero (in the markets).

Stocks to Watch on 1/27:

Longs: NWSA

Shorts: NIHD

Grab the RSS Feed to have the daily watch list delivered via email.

Swing Trading Watch List – Jan 26, 2012

25 Jan

FOMC Announcement keeping rates unchanged for the infamous “extended period of time.” A nice rally in the stocks from yesterday’s watch list. Here’s a couple more to watch for tomorrow.

Stocks to Watch on 1/26:

Longs: ABV, BIP, CB, PRX, PSA

Shorts: none

Grab the RSS Feed to have the daily watch list delivered via email.

Swing Trading Watch List – Jan 25, 2012

24 Jan

Russell Daily Broadening Formation

“A winner never quits, and a quitter never wins.” We trade to make money, that’s the bottom line. Keep your position sizes small enough that you can sleep at night without worry.

Stocks to Watch on 1/25:

Longs: AWI, CAG, CBST, CGNX, DCI, FEIC, MDVN, YUM

Shorts: none

When trading options in a sideways market or over a consolidation period, it can be effective to keep your net delta as close to neutral as possible.

Grab the RSS Feed to have the daily watch list delivered via email.

Swing Trading Watch List – Jan 24, 2012

23 Jan

Today’s selling could spark some good intraday trading ranges, but we’ll confirm the ensuing sell off on a break of today’s low.  Sometimes when we become so ‘extended’ and the talking heads are all saying ‘a sell off is overdue’ the opposite occurs and we see a big rally. As always, plan for both scenarios.

Stocks to Watch on 1/24:

Longs: CGNX, CNC, CP, HD, LOW

Shorts: IART, SA

Grab the RSS Feed to have the daily watch list delivered via email.

Swing Trading Watch List – Jan 23, 2012

22 Jan

After looking at over 400 different charts this weekend I’ve come up with a total of 3 stocks that looked somewhat decent. I use this as a sign that the market is not a healthy place for putting on either longs and shorts. Instead, we will manage current positions.

From my experience this is the hardest part of trading. Doing nothing when there’s nothing to do. It’s times like these where I would look for trades and in turn, force trades that didn’t quite meet my criteria resulting in necessary losses.

Rather than go into each day and week searching for something to trade. I go through my watch lists each night looking at stocks from different sectors, industry groups, and market cap. If there are no setups presenting themselves I simply wait. Cash is a position and while it may not be a very profitable one, I’d rather be flat at the end of the week than down.

Stocks to Watch on 1/23:

Longs: O, ROST

Shorts: IART

S&P500 Weekly Analysis

Grab the RSS Feed to have the daily watch list delivered via email.

Swing Trading Watch List – Jan 20, 2012

19 Jan

The broader market has seen a flurry of gaps for the past few days, all of which have filled, but one. That one being the opening gap up from the year. Put a post it note in front of your computer with the number 1251.75. This is the unfilled gap on the S&P500 and we will look to fill it in the coming weeks.

Given that the market has rallied this week, stocks that didn’t participate in the rally and are just setting up long now are considered relatively weak, therefore we won’t be placing any new positions tomorrow.

Stocks to Watch on 1/20:

Longs: None

Shorts: None

Grab the RSS Feed to have the daily watch list delivered via email.