Monday, April 30, 2012

Trading Plan for Tuesday, 5/1

Recap
Heck of a day, $ZAGG worked well for us. $AAPL didn't get that bounce it looked like it wanted. $KFT and $BIIB made us money, along with a few others. Well Tomorrow officially begins May! Lets have a big sell-off so that I can flip VXX yet again! Lets do some analysis!

Trading Plan for Tuesday, 5/1

  • AAPL - What a lovely pos this has been lately. Notice how the volume has really trailed off since earnings? What does that mean? It means that folks are timid until that gap fills. Once it fills expect the volume to come back. I suspect it will be buy volume since the big boys would try to get rid of more shares up here, but only time will tell.
  • ALLT - Keep a close eye on this one, basing nicely below this resistance. (Volume is slightly worrisome, but the price action makes this a watch.) needs to break through on good vol.
  • AMZN - This is exactly what you want to see after earnings (unlike what aapl did) nice gap up on HEAVY volume, with a nice follow through day (FTD) on heavy volume as well.
  • BAC - This one needs to hold 7.95ish to be a buy, otherwise one can short it down to the 50d
  • BBBY - Perfect example of a gap fill and bounce. Where it goes from here is anyone's guess but, just wanted to put this one up here.
  • BIIB - Looking good, making new highs on volume. continue to hold this one...
  • CME - Good short setup, if it takes out the 200d on volume.
  • CRM - Look at the volume, buy buy buy on strong, sell sell sell on weak. Great long candidate so long as the market doesn't roll over.
  • GOOG - This one is going to break down unless it gets some big buyers in... look at the volume, heavy selling.
  • GS - Next buy/add when clears the 20d on solid volume
  • KFT - Mo money, mo money, mo money... been peeling off into this strength, but still gorgeous. if it clears $40 on heavy volume I'll buy a lot more.
  • LULU - Looking fine, holding the 20d and the breakout, one could set there stop to correlate with this descending trend line. But looks good for higher prices.
  • MOS - Watch this triangle...
  • NFLX - Toast... look for new 52 wk lows imo...
  • OPEN - Looks good, holding the breakout. one can buy here with a 1-2 buck stop.
  • PKT - Watch this one, looks ready to break down. When it breaks $20 on heavy volume, short it into oblivion ($18.60-$19 is next support area).
  • PEET - Looking like a double top... one can go long if it breaks 77.75 on heavy volume or one can short if it keeps getting rejected.
  • SINA - Watch this channel, any break on volume can be played accordingly.
  • SWKS - This one needs to make new highs on heavy volume to be a long play...
  • TNGO - Looks ready for lower prices, selling on volume and bearish engulfing candle.
  • WDC - This is what we call a broken chart....
  • ZAGG - Looking good, always peel some off into strength...
Charts - 
AAPL

ALLT

AMZN

BAC

BBBY

BIIB

CME

CRM

GOOG

GS

KFT

LULU

MOS

NFLX

OPEN

PEET

PKT

SINA

SWKS

TNGO

WDC

ZAGG

Sunday, April 29, 2012

Trading Plan for 4/30 - 5/4

May begins on Tuesday... turnaround Tuesday... if we are green tomorrow, that's 5 green days in a row... rallying on lighter volume than we sold off on... sell in may and go away is the old saying and the charts support it. Whether it happens or not is yet to be seen. The best we can do is trade the charts. Lots of good long setups out there, so lets take a look!


Trading Plan for 4/30 - 5/4 

  • AAPL - Pulling back on lighter volume now, could get a bounce. Keep on watch.
  • ADBE - Looking alright, needs to break this next resistance on heavy volume.
  • ALLT - Broke back out on Thursday, at this next resistance area. Needs to clear it on volume.
  • AZO - Nice breakout and okay follow through day (FTD). next buy/add when clears 400 on heavy volume.
  • BAC - Failing to get back through this resistance area, looking like a bear flag... one can short if it breaks 7.95 on heavy volume.
  • BIIB - Breaking out to new highs on good volume. One can buy here with a $2-$3 stop.
  • CRM - Bouncing off the 50d trying to get through the 20d, if it holds one can buy with a tight stop
  • GLD - Getting through ol' reliable here, next buy/add when clears the 20d on heavy volume
  • GMCR - Earnings will decide where this one goes...
  • GS - Testing this descending trend line, keep on watch...
  • KFT - Good winner this last week, looks good for more highs
  • LNKD - Breaking out on heavy volume, looks like it wants more highs into earnings.
  • NOV - Breaking down on heavy volume.. look for this to test the 200d.
  • PANL - Breaking out nicely with a solid FTD... looks good.
  • TNGO - This is a weird one, but looking alright....
  • UA - Hitting this next buy area, be ready
  • VZ - Keep this one on watch, holding up after breaking out on heavy volume.
  • WDC - Toast, step aside or even short on the bounces
  • SBUX - Same as WDC
  • ZAGG - Working well from the 11's and 11.50 add point and testing the next one... just remember earnings are coming up...
  • ORLY - Looking nice after blowout earnings, one can buy the pullbacks here with a standard stop or wait for it to build a base, but that could be up or down from here.
  • MGM - Just churning away here, next buy/add area when clears 14.12 on heavy volume. Earnings coming up could do that if they are any good.
Charts - 
AAPL

ADBE

ALLT

AZO
BIIB

BAC

CRM

GLD

GMCR

GS

KFT
LNKD

NOV
PANL

SBUX

TNGO

UA

VZ

WDC

ZAGG
ORLY
MGM

Thursday, April 26, 2012

Recap and Trading Plan for Friday, 4/27

Recap - 
Heck of a day, we had AZO, CXO, APA, CF, ZAGG, and WDC all working well from the trading plan. Now looking for some follow through with the market (not likely, but possible.) as it has had pathetic volume on the green days and great volume on the red ones.


Trading Plan for Friday, 4/27

  • LULU - Setting up to take out this descending trend line and the 20d. Needs to do so on heavy volume.
  • CRM - Holding up after testing the 50d, volume is slightly suspect, but could pay off well if played with a tight stop. next buy/add when clears this upper resistance on heavy, heavy volume.
  • GMCR - Setting up to take out this resistance, if it does so on heavy volume, one can go long with a tight stop.
  • DECK - After missing on earnings this one is actually off the bottom of this chart... toast. One can short the bounces here...
  • YOKU - The triangle... expect earnings to take it out and should be playable in the respective direction.
  • ZAGG - My favorite stock right now, given us so many different swings for a quick gain. This one broke this descending trend line and the 200d on heavy volume. heading into earnings this one I may hold a 1/4 or an 1/8th... we'll see.
  • ALLT - This one has been textbook setup after textbook setup. if you can't buy these ones, then you can't buy anything. earnings coming up so be aware.
  • HERO - Looking good for higher, nice bullish engulfing candle on heavy, heavy volume.
Charts -
ALLT

CRM

DECK

GMCR

HERO

LULU

YOKU

ZAGG