Wednesday, September 30, 2015

Some For Wedn 30th Sept

I went through my usual scans and looked at probably 150 to 200 charts. The two sectors that flooded the day rangers scan were biotech and energy. All these bios are looking about as oversold as IBB itself. Didn't see anything worth it over IBB outright. All the biotechs in play have had their beating. There are some interesting setups forming in energy and silver with crude oil still in its triangle consolidation. Let's start with long biases.

So first is EGY an energy right on trend support. Doji even.

Next is an interesting one. LEE which is a former runner. This thing goes when it goes. Bull triangle trying to put in a bottom. Sure thing on $2.00 a share hold.

Lastly a short bias. NJR a red candle above upper Bollinger band plus overbought.

Working on Tutorial Projects

I'm working on some posts that explain how I trade in detail. The first one is going to be an overview of my trading style and an introduction to momentum trading. I'd love to go into all of these. Some of the concepts and topics just off the top of my head. Chart patterns I look for, how to trade each chart pattern, how to read volume, risk management and position sizing, technical indicators, how I find stocks in scans.

Monday, September 28, 2015

CLNE Daytrade Recap And More

Today I trade CLNE short for a 5% gain intraday. In the video I look at oil setting up, miners. I talk about internal trend lines and how to trade them. Enlarge to full screen to see details.

More Setups For Week 0/28

Crude oil is in a triangle right now. It's a very clean triangle. The push out of it will determine the next direction. GDX is a bearish looking triangle too.

Good Setups

I found a couple good setups. One long and one short. CLNE is a short setup off of resistance. Any new low from Friday is good to take it short.

TRCH is looking to test the highs it just put in. It printed a hammer candle on volume.Good long on a break over Fridays high.

Saturday, September 26, 2015

No Trades Friday

I didn't make any trades Friday. NYMX printed a red candle above the upper Bollinger band. It's a short watch now especially considering it doesn't hold big runs well.

Friday, September 25, 2015

Clear Trading Range on Crude Oil

I talked about how I thought crude was near support in the previous video. Well the print it made today on support is bullish here. It's a hammer candle right off support of the trading range. It's good for a long setup on a high of day. Ticker USO looks good as a long or I might do call options. The 15.00 October calls look good. Of course if it doesn't go green on the day and just tanks there is no long setup.

Thursday, September 24, 2015

Covered Everything

I covered the other half of NOG in the 4.50s. That was my planned area to cover everything. It is right at trading range support here. I made 6.5% overall on NOG. I covered all of ATW for a 5.8% gain. I made 2.6% on STRP.

SMED Ascending Triangle

This is text book ascending triangle. Perfect bull ascending triangle followed by strong breakout on high volume. I think this one SMED has some more runs coming. It's a good buy if it holds above yesterdays close. It's a medical waste disposal company only 146 million market cap. Good earnings growth.

Monday, September 21, 2015

Short ATW

I shorted ATW on the breakdown of this bear flag it is in. I filled around 16.19. I sold half of NOG to lock in gains. still short remaining half of STRP.

Saturday, September 19, 2015

NOG Drop!

NOG was a great trade for me short from 5.05. STRP continues lower.

Thursday, September 17, 2015

Kick The Can Again

I'm disappointed they didn't raise rates. I'm not surprised though. I should remember that you can't expect the FED to ever do the right thing. Or even know what is really going on. I remember Bernanke would hold press conferences and be adamant about the bottom in housing and the strength of the economy. That was in early 2008! I sold a little over half of STRP and all of TRCH. I got a bad exit on TRCH at 2.22 but still made +.05 a share gain and ok partial sell of STRP at 35.47. I almost bought some calls on GDX. Seems to be the only thing strong along with TLT. Forgot in the video the USD looks very bearish here.

Recap Of Trades

I stopped out of UA at 100 a share. STRP tanked nicely and I'm still short from 37.91 up about 9% now. I bought TRCH at 2.17 and it ran all the way to 2.44!It closed up about 8% so I'm up on that one to. Looking to lock in profit on both today. STRP and TRCH were two of my favorite setups. A spike run above the upper Bollinger band and a bull triangle.

Wednesday, September 16, 2015

TBT Still Good Idea

Long Watch TRCH

Uploading my latest video is taking longer than anticipated. I like TBT as a long-term position trade on a FED rate hike. TRCH is a good triangle that just broke out here. Good volume too. Long biased!

Monday, September 14, 2015

STRP Position Trades, Commentary

In this trading video I talk about my STRP short. I also analyze natural gas. I talk about my day trading ideas for the FED announcement and the next direction of the overall market.

Friday, September 11, 2015

Tuesday, September 8, 2015

My First Video Blog Post

Enlarge video to full screen and turn to HD quality to see it clearly.

Friday, September 4, 2015

Under Armour UA

UA looks like the next NFLX bear flag about to break. UA is just as rich on the valuations. UA has a 90 PE and trades at 6 times sales. I'm going to short it on a breakdown below 95. Technically it looks like a rounding top formation. I usually don't trade these big stocks but the 10 day average day range is 4%. So odds are it will move 4% or much more on a volatile day.

Wednesday, September 2, 2015

Two Shorts

BBG and CLNE are short biased watches. CLNE it looks the best for a short. Sweet bear flag

NFLX Short

I shorted NFLX at 116 and covered at 110. Crude oil looks good for a short now. ACI probably has a lot more downside too. I'm still watching nat gas after this triangle formation. It's really boring and doesn't seem to want to go anywhere. I cancelled my stop order to short nat gas.