Monday, February 22, 2016

Taking Profits

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.

Saturday, February 20, 2016

Green On The Screen!

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.

Thursday, February 18, 2016

New Video! Shorting Spikes 101

I give a step by step approach to shorting overbought spike charts. I shorted GRAM today on the breakdown.

Tuesday, February 16, 2016

Lots of Plays Out There

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.

Thursday, February 11, 2016

SM Energy Short

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.

Wednesday, February 10, 2016

Crude Oil Breakdown

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.

Tuesday, January 26, 2016

Oil Bear Flag

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.

Thursday, January 21, 2016

Sold SCO This Morning 6%

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.

Wednesday, January 20, 2016

Short Crude

I shorted crude oil on the technical breakdown yesterday. I shorted it by going long the inverse ETF SCO at 207.

Friday, January 1, 2016

LEI LPTH

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.

Thursday, December 31, 2015

Sold the Rest of GIG

I sold the remaining tranch of GIG shares yesterday. I made 8% on the GIG trade.

Friday, December 11, 2015

GIG High Flag Breakout

GigOptics GIG is a small cap tech stock. Specifically a chip tech company. The PE is super low and it's small cap. I am going to buy the breakout if it hits 2.81. I have a buy stop order out for that. Looks like a nice high flag at resistance here.