Thursday, November 8, 2012

Trading Plan for Friday

Well I hope you all made money prior to the election, I took a break the week prior and resumed yesterday. SPY puts made some cash :D. At this point it's a tricky market, not worth taking new positions in until action points are hit. So if you're in cash, it was a smart move and a smart place to stay until some actionable moves happen. Let's look at tomorrow!

Trading Plan for Friday -

CYNO - Basing here below this resistance, next buy/add when clears on heavy volume. One can short if it breaks the ascending trend line.

NFLX - Also basing right below resistance (gray) and the 200d. When clears on heavy volume, go long.

AAPL - A normally resilient stock that looks like it may want even lower. Possibly a bounce here at the FIB 50% retrace. If it breaks this on heavy volume it's down to 500 pretty quick (slight support at 515ish)

GOOG - Hitting this next support. If/when it breaks on volume, it's very short-able.

SPY - Breaking the 200d on heavy volume. These are the next action points both ways. I will continue to take money off the table into the downward strength, and retake my position if it breaks the ascending trend line.

Charts -






Wednesday, October 24, 2012

Trading Plan for Thursday, 10/25

Trading Plan for Thursday, 10/25

AEGR - This is a 5m chart, it's the most relevant. All of the support/resistance of the previous chart remains the same. When it breaks this descending trend line one can add

SPY - This green line is the next support before we test the 200d. If we get back near the red resistance line and look weak, I'll buy some puts.

AAPL - If we break this support then we're headed sub $600... If you're a bottom buyer this may be an ok entry with this support as a stop, good risk/reward

GOOG - If we break this support we're headed to $650... That said, good risk reward from here if it continues to hold I may dip my toes

ARNA -  Looking like it wants to break down, volume lacking as it tries to hold a trend line. Though, wait for the break on volume for any action either way.

Charts -





Sunday, October 21, 2012

Trading Plan for Monday, 10/22

Liquidated most all of my positions last week, with $SPY puts and $CLF being the biggest positions I had going into the week.

Trading Plan for Monday, 10/22

LULU - This one is toast, breaking down on HUGE volume. Watch this next big support.

BIDU - With earnings coming up this is one to avoid, could go either way.. support/TL are the next action points on this one

IOC - Watch how this one acts when within this channel of support. Pretty strong with the 200d inside of it

OXY - If it breaks this support again, it's headed much lower imo...

AEGR - Breaking higher, looks like it may be close to taking a rest. Here are all of the major support/resistance areas for the current run

SPY - Breaking down on heavy volume, should test this support soon... I have a hunch we get back over the 50d once more though

ORLY - It's making up its mind here (looking like a downward spiral) if the market rolls over it's time for some shorts/puts.

SHLD - If it breaks this trend line on volume I'll be taking a short position

Charts - 









Wednesday, October 17, 2012

Trading Plan for Thursday, 10/18

Trading Plan for Thursday, 10/18 -

ZGNX - Looking good, hitting this minor resistance area. Next buy/add when makes new highs on heavy volume.

SCMP - Holding the breakout, needs to keep above this support. Next buy add when clears the next resistance area (green line)

ZAGG - Getting close to decision time now... keep a close eye...

OVTI - These are the action points I'd be watching. Short on a break of the ascending trend line, long on the break of both the resistance (horizontal) and the descending trend line. All on volume of course.

SPY - This is the trend line I'm watching, if it breaks on volume I'll sell my calls and run with my tail between my legs... The more it looks like Mitt Romney will win, the more sustainable these gains will be, imo.

CLF - Held the break out, now clearing this next resistance area on good volume. Closed right near the HoD, looking good for more gains. Was underwater for a few days on this one, glad it ended up working out.

Charts - 







Thursday, October 11, 2012

The Truth About Which Party is Better on the Economy?

Charts will be foregone tonight in order to explain to all of my followers the evidence supporting the idea that the Republicans are better on the economy than are democrats.

First you must realize that the president is no king here in america, he has to deal with the house and senate to get anything done. If the presidency belongs to one party but the house and senate belong to the other, the house and senate are calling the shots. In short who ever is controlling 2/3's or greater is getting their way.

You should all know by now I don't trust the main stream media in trading, nor do I trust them in political matters. I don't trust the right leaning media explicitly, but they've got a better track record than the MSM. What I prefer is MY OWN RESEARCH. I'm not afraid to spend some time finding the facts.

So here they are:

Dems took over 2/3 of the government in 07:
-Avg unemployment rate of 7.7% with a high of 9.6% (2010) and a low of 4.6% (2007) 
-From the beginning of their stewardship to 2011 there was a loss of 4.3%. 
-During this time GDP grew at an average rate of 0.55% with a high of 3.02% (2010) and a low of -3.53% (2009). 
-There were two years of GDP contraction.

Republicans controlled 2/3 of government from 95 to 06. 

-Average unemployment was 5.02% with a high of 6% (2003) and a low of 4% (2000)
-From the beginning to the end of their stewardship there was an improvement of +1.0%.
-During this time GDP grew at an average of 3.25% per year with a high of 4.87% (1999) and a low of 1.09% (2001)
-There were zero years of GDP contraction.

From 87 to 94 dems controlled 2/3 with an avg unemployment rate of 6.24% with a high of 7.5% (92) and a low of 5.3% (89) from the beginning to the end of their stewardship an overall improvement of +0.1%. During this time GDP grew at an average of 2.82% with a high of 4.1% (87 and 94) and a low of -0.26% (91), there was one year of GDP contraction.

From 1981 to 1986 reps controlled 2/3

-Average unemployment rate of 8.1% with a high of 9.7% (83) and a low of 7% (86) 
-From the beginning to the end of their stewardship there was an improvement of +2.7%. 
-During this time GDP grew at an average of 3.28% with a high of 7.19% (84) and a low of -1.98% (82) 
-There was one year of GDP contraction.

It's obvious which sides policies are good for the economy. Theres been a trend here, reps hand over a good economy, dems destroy it, reps fix it, dems destroy it.

(Based on the average unemployment rate for each year)

Google public data: GDP

Monday, October 8, 2012

Trading Plan for Tuesday, 10/9

Trading Plan for Tuesday, 10/9 -

NFLX - Well it gapped over our next buy/add area if you weren't nimble enough to buy fridays short lived breakout (I wasn't). This grey line is our next buy/add area. The volume and price on this look good to test it.

RFMK - Bouncing off the 10d and holding above the 200d. Next buy/add when clears this descending trend line on heavy volume (at least double avg daily for a sub-penny).

SRPT - This single line is all that stands between this stock and $19. That said, would make a great short if it breaks on heavy volume, or one can go long with this line as a stop.

AAPL - This ascending trend line NEEDS to stay intact. If it breaks $618 is right around the corner and after that $600. Next buy/add when clears the descending trend line.

CLF - On the cusp of a buy point, a good FTD tomorrow on heavy volume will be great confirmation. These lines are the action points for longs and shorts. Long could see $45 quickly.

VLO - Holding this ascending trend line for now, a break of either is actionable. Volume says it breaks down...

DECK - This stock is broken until it can clear one or both of these areas (lines). May make a good short on pops.

IOC - This one is basing, as long as it holds the lower support it should be good in the long term. Next buy/add area when clears the descending trend line.

SHLD - Getting close to making a descision, a break either way on volume is actionable.

Charts -










Thursday, October 4, 2012

Trading Plan for Friday, 10/05

Trading Plan for Friday, 10/05

NFLX - This is the picture perfect setup. Nice breakout yesterday, even better follow through day as far as volume is concerned and at the precipice of breaking the next resistance. Once it gets through the green line, that's the next buy point.

BAC - Breaking this next resistance area on avg volume. Keep a close eye on this one, it could very well find its way back to $10 soon.

GOOG - Breaking out of this channel today to new highs, but the conviction (volume) is lacking, this one needs to be watched for a good FTD (Follow Through Day) for confirmation.

CNX - Nice move, almost 6% today. Here are my lines in the sand for longs and shorts on this one...

CPRX - Overall bearish for now (volume says it all), probably looking to fill that gap. If it can break through that upper line of this channel on good volume, it may be worth a look long.

SPPI - This one is holding on to the uptrend, A good risk reward long from here if comfortable with buying bottoms. I would consider a long when it breaks this green line (resistance area) on heavy volume. The lighter volume here near the trend line is good, means there aren't a lot of sellers at these prices. If it breaks the TL on heavy volume one could grab a few short.

NVDA - Nice breakout on decent volume. Watch for this one to break through the 200d on heavy volume, that's the next buy/add area.

PCLN - Looking primed for a breakout, when this trend line breaks go long.

Charts -








Wednesday, October 3, 2012

Trading Plan for Thursday, 10/4

Trading Plan for Thursday, 10/4 -

NFLX - Nice breakout on heavy volume. Watch for a good follow through day tomorrow. Next buy/add when clears the $66 area.

MLNX - Needs to get back into this uptrend

GOOG - Continuing to base here after a monster run. Next buy/add when breaks this channel on heavy volume.

AAPL - Holding up better than I expected, volume is light though. Keep on watch.

ZAGG - Watch how this acts when it hits this trend line.

SAAS - Broke out on lighter volume again yesterday, but had a nice follow through day on heavy volume, confirming the breakout. More to come imo.

BAC - Heading up to test this resistance. Keep a close eye on this one.

Charts -








Tuesday, October 2, 2012

Trading Plan for Wednesday, 10/3

Trading Plan for Wednesday, 10/3

OVTI - This one needs to get back over the 50d to make a solid long confirmation. Watch the trend lines as well

NFLX- Getting ever closer to decision time for this stock

ZAGG - Getting rejected here, keep these resistance areas and trend lines on watch

GOOG - Basing here after a monster run. A rest is good for this one. Still waiting to re-enter.

AAPL - Indecision on this one, doji candle today, I'm leaning bearish due to that downward curling 20d.

EXPE - Watch this resistance area and this trend line, a break of either on volume is an actionable move, of course long you need to watch the old highs as well.

S - Ouch, this one is toast. Avoid unless short or scalping.

FOSL - Nice little channel to play here, a break either way on volume will make a nice swing trade.

Charts -