VVUS More

Nailed VVUS!

I longed VVUS at 1.77 the other day. It printed a shooting star that day. It held up today and ran all the way to 1.95. I'm still holding it.

Crude Break

We finally got a breakout on crude oil. The triangle consolidation has been long. Crude is now a long bias on any fresh breakout over yesterday.

KTOS is New

SLP opened up very low so selling at the open got me out with a very small gain. I sold all of SLP, 75% of EXK to lock in over 10% gains and am still holding some LEE. I bought KTOS which hammered yesterday at support on volume. This was a good one and I'm up 7% on it. Still holding one contract of GDX puts which basically has served as a hedge against EXK.

EXK,LEE,GDX More

Took LEE Profits, In GDX Puts

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LEE EXK Others

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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.

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.