I stopped out of AMPE and ATI for losses. ATI put up a nasty failed breakout. It might become a great failed signal. So short could be the way to go with it. I'm just gonna leave it alone here. I prefer stocks priced $1-$12. I find them the most predictable. Today I picked up GST and CSBR. I have been short XLF with FAZ for a couple days now. GST is an oil stock and it runs with crude. Both ramped nicely today.
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The bull market is still in full force as I was talking about on StockPursuit.com. I'm long ATI from the 18.50s. It's still good here. It's a steel stock that hasn't really run yet. CMLS is one I'm keeping an eye on and my watchlist for Monday is LEI AMPE APTO FAS.
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I added ACAN long bias on 2.81 print, BIB long bias on green, OVAS short bias on new low.
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I'm currently still short 1/3 of original position in NTP. I'm long and down on GV about to cut loss if it hits high 3.70s. I just bought the breakout at $.77 on CNAB it looks like it wants to follow though more on this real nice daily print.
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I have a buy stop to buy coffee via ticker JO. It's breaking out of a pennant and trading range. It's a confirmed rounding bottom formation if it moves another couple %. I sold half of my SWHC for a gain and hold the rest. Still have a little QID on.
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The chart is super bullish. I'm still long the full position.


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I longed SWHC Smith and Wesson right before earnings at around $23. It is running very well after earnings and just took out some resistance into a new trading range. I'm up a good bit here but I'm going to let it run and take some risk to get a 20%er or so. My long-term core position PLNT ran all the way near IPO prices in the $19s. It might have even printed $20 for a bit. It just sold off on a stock offering. I could swear they are planning on buying back stock soon so I don't get the negative reaction here. Even still I see it going higher over coming months.
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I'm still stalking APPS for a buy on the 1.13 print. It hit a high of 1.12 again so this is a key area as I expected. If it hits 1.13 I will be long. PESI is going strong still so I am not looking to short it here. Recent additions to my long-term account include Dominos Pizza DPZ and Planet Fitness PLNT. I've had PLNT for awhile but I don't think I mentioned it on this blog. I did an in-depth analysis on Stock Pursuit. Dominos is moving out of the pennant flag it was in and could run lots more. With people spending more on eating out now than ever in history, this fact puts DPZ in a great position to profit from this trend. I still have FSEAX PFN SORL.

  Watchlist JVA had a big spike day the other day and is holding up. I am watching this one along with BUFF PETS BOJA
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I ended up cutting my loss on the RYI short immediately after it failed to breakdown. I took a small loss. I have stop orders out to long APPS and short PESI. Long bias APPS, short bias PESI. PESI is a clean looking flag. They have earnings on the 13th. Stop order out to buy if it prints 1.13. The more I look at it the more I want to preempt it and just get in quick. Going to wait for the move first though.


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I put an order out to short CLRB on the breakdown yesterday but both of my brokers didn't have any shares to short. It fell nicely though. I'm looking to short RYI on 13.48 breakdown. It hasn't had two big red days since the run-up went full tilt. If it goes red today I think there is a good long scalp to be had. At the least.
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This one is up to much to fast. Short bias here. Not one to chase and short on spikes. It needs to crack support first and go red on the day.


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I covered the rest of my NWY position I was holding for what seemed like forever. I got a nice gain on it from a short at 3.90, partial cover at 3.82 and cover at 3.25.
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It doesn't get much better than this for a stock short setup. This one DRWI is up over 300% in about a week. It's gone from $2 to $10 in less than a month. I've been watching it for days now. It just printed a shooting star way above the upper bollinger band Wednesday. If this cracks the 8.59s it might freefall fast. Wow, the more I look at the chart the more I like it. The fundamentals aren't great. I don't know the driver of this run but it hasn't even been turning a profit on some of the income statements I looked at. One analyst and negative earnings forecast for next year.


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I longed NFLX the other day and went short WATT. I'm currently down on both positions. Ready to cut the loss on WATT if there is a breakout.
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I took off my whole JSDA position today at $.73 the highest print of the day from a $.53 entry. A 37% gain. I think this is the top to. It printed a shooting star on the daily chart.


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Gold finally made a move off the triangle consolidation. I posted the picture on the blog incase it's not visible below in email. It's breaking out. I have stop orders out just above resistance on JNUG, IAG and AGQ. Silver has good technicals also with even more room to run until it breaks out. I looked at some old charts from the 2009 gold move and in a similar looking momentum flag as this one it kept running a couple days after the initial breakout. It did have some red days after those but kept going. I'm hoping this isn't a major fakeout breakout because this should have serious legs to run here.


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I sold all of my GSS at .53 yesterday for a 47% gain!!! I will do a video on SYN and GSS shortly explaining my exits.
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I sold all of SYN at 1.90 near the end of day Monday. A 17% gain over a couple trading days. Still holding half the original position in JSDA. Still holding GSS even after its up over 10% today. Spot gold still is bullish.
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I've been position trading over the past few months and it has been going well. You could also call it swing trading. I like position trading. I think it is working well because I am mostly using stop orders. This removes any hesitation I could have if I were watching the screens intraday. It also removes any excitement I could have that would make me get into a trade to early or one that I shouldn't be in in the first place. I don't have the hesitation I used to but the stop orders are always placed at a breakout or breakdown level. Take today Friday the 26th for instance. On Thursday night I put a stop buy order out for ATHX at 2.01 or 2.02. That was just above the 2.00 and a clean breakout. It was also a round number which often in low priced stocks is a key battle ground. The stock never broke 2.00 and failed the 2.00s. It then tanked something close to 10%. I never got in that trade thank god. Because I was so disciplined with the stop level.

I did have a stop buy order out for SYN which filled perfectly on the technical breakout off the high flag. I filled at 1.62. The stock ran huge up to 1.86 high of day. I could have taken some profit if I were watching during the day. With most stocks a spike day like that will hold up though. It settled to close at 1.71. Nice volume to. I'll just put a stop sell order for just below the close for Monday. I also shorted PLNT the other day as a hedge to my long-term long position in it. Earnings come out the 3rd and it looks like I should cover for a .60 a share loss based on the hammer it printed Friday.


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Gold has been in a downtrend for a long time as you can see from this chart. It just broke above the trend resistance. It's flagging here to. In itself this is bullish. If it goes above the flag/triangle here it should see more highs. I longed GSS the other day at .35 as a play off this.


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I covered SM at 8.75 for a total +5.7% gain on the trade. Covered all the GRAM at 3.79 for a +4.4% gain. There's the bounce on GRAM I talked about in the video.
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A look at my thought process on taking profits and setting areas for stops. I dissect GRAM. I look at potential shorts CPXX and GLUU.
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Nothing but green on the screen. My trading long and shorts were all positive for me this week. I don't think I have one losing trade this year. I'll have to check that but I can't recall one. I will do a video either this weekend or definitely Monday after I take more profits on these positions. My two short positions GRAM and SM both tanked nicely on Friday. I'm only holding about a third of my original short on SM. I'm still holding all the GRAM short.

I put stop orders out before Friday's open to lock in these gains incase they both moved up. I gave a lot of wiggle room on SM because in the past after big drops it consolidates. Luckily it didn't do that and just dropped again! About 7% Friday. I will probably do the same for Monday and do a buy to cover stop on any green on the day. GRAM I really wan't to cover the whole thing. It has fallen so nicely so fast that I see it having a positive day here soon. Also the sell volume hasn't been very robust. Hinting at a bull flag or flag attempt. JSDA is looking good technically above the long trading range.


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I give a step by step approach to shorting overbought spike charts. I shorted GRAM today on the breakdown.
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I longed Jones Soda (JSDA) at .53 this morning. It broke out in the afternoon and printed $.57. I did a post on it on Stock Pursuit. I covered a little over half of my SM Energy (SM) short around 10.00 a share. It continued to tank another 6% even with oil and the market up. This is good. I will hold the rest for awhile. DRYS is on trend support and if it breaks over $.12 a share it should run atleast a day. The Baltic dry index is so oversold now. It's crazy. Not a good thing being down so much for the economy possibly.


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My short bias on oil proved correct. Just put an order out to go short SM Energy (SM) at 10.97 if it hits that. Clear bear flag going on. A lot of these energy companies are in deep trouble if oil hangs out around $30 or below for long. A lot of credit issues coming.


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There was a perfect test of former support on crude oil today. I'm anxious to get short on a new technical breakdown. Look for more momo on a breakdown. Ticker SCO is the ultra short ETF tracker. It has decay as you can see it's not quite near a new high. It's good enough for a couple days hold though. Looks like a good long on 117 print. The stop is an issue since a failed breakdown isn't clear except much higher. I'd say I will have to go undersized on the position because the stop loss has to be pretty wide here. Until it starts really crashing or gaping down.
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I don't trust this as a bottom for crude oil. It's acting like a bear flag at the moment. It's still a good short on a technical breakdown. We'll see how this consolidation plays out. Apparently sub $20 oil eliminates profit for the middle east. So everyone is expecting it to bottom around here. I'm just going to go by the price action. If everyone thinks it can't go lower than here it probably will.
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I put a stop order outlst night to sell the whole position on a move below the previous close. It triggered this morning and I sold all of SCO for a 6% gain. I was planning on flipping to long oil but this small a percentage move doesn't in itself indicate a spike bottom. Oil was up just about 4% or so, not a wide ranging day indicative of a sure bottom. It looks like a bullish engulf starting. I will see how it goes but this looks like a bear flag more so.
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I shorted crude oil on the technical breakdown yesterday. I shorted it by going long the inverse ETF SCO at 207.


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LEI is up on good news. It's a good short watch for a day trade or quick swing. It's highly probable that it will consolidate lower over coming days just because it ran so much in one day. Short bias.











I've seen this one LPTH hit my scans a lot over past months. Digging into it more I find it is a $60 million dollar company with explosive earnings growth. Earnings estimates just got bumped up big. This is always good. It's hitting new 52 week highs. $3.00 is major multi year resistance. If it clears that its off to the races probably. It could be good on the short side if it stalls out to. I like it long bias at the moment.

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