Swing Trading Watch List – Feb 8, 2012

7 Feb

The market can always go higher. The market can always go lower. There’s no such thing as overbought or oversold. These are key things to keep in mind when looking at the broader market, especially when we’ve trended up for what seems like a long time.

Dow Jones Industrail Average 5 Year Monthly Chart

S&P500 2 Year Weekly Chart

Russell 2000 6 Month Daily Chart

When the VIX is Low, Lookout Below!

Below are the stocks we will be watching for tomorrow. If the market sells off, we’ll look to the bullish names that don’t sell off as much and are thus, showing relative strength.

Stocks to Watch on 2/8:

Longs: AMGN, AMT, CNC, CRI, EC, FAST, FBHS, MSNT, MWE

Shorts: PEGA

Download Tim’s free Trading Plan Guide to help you improve your trading.

How I Made 2 Million Dollars in the Stock Market

6 Feb

This past weekend along with a couple epic bike rides and feasting during the Superbowl I read the book  How I Made $2,000,000 in the Stock Market. It was a fantastic read. I bought it on amazon for $4.00 including shipping here. While I must admit a lot of the concepts I had already had ingrained in my mind, to the new trader or anyone currently on their own trading journey I would highly recommend checking out this book.

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

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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

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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

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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.

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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

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