Busy Day… Away From Trading

Good evening.

It happened again.. I missed an intraday bull rally. Crap.

This morning I resolved to get away from the market to catch up on projects at my day job. As with most things in life, timing is everything and today sure offered the right time for some tasty scalps after a 2 1/2 day retraction.  And I wasn’t there. Oh, well. I did manage to book a 6% gain on a large position in $SRS yesterday (2 day swing trade), so I was content to unplug the computer for a day. Blah – bad play Ryan.  Now that I have my frustrations of missing ‘the move’ out of my system, let’s look forward.

A few things jumped out at me when I opened my [popup]Watch List[/popup] a few minutes ago.  First, $NAVI was a clear winner.  I added this nugget to the WL back on the 5th (after close) at 1.46. NAVI has since moved up over 21%.  Another triangle doing me right (if I would have played the bastard).

$PSUN has also pushed up over 16% since being added on the 3rd at 3.49.  Both NAVI and PSUN will be removed from the WL since the setup has been satisfied.  The rest is up to you.

You’ll notice others are no longer living on the WL for the same reason, like huge winners $CRBC, $AHR, $ATPG,  $ALY, $DYN, $WTNY, $HTE and $DVN.

I’m pulling these off the list because of a lack of interest:

$FLEX – This one just continues to be bullish. No real breakout setup here.   I also killed $Q for no great reason, but not keeping it for a good reason either. I’ll notice if it moves strong through MA50, but not keeping it on the WL. $PEIX has been removed. I don’t like the company and don’t like the nose dive in the Full Sto. $OCLY didn’t breakout out of channel to the upside, but now could to the downside.  UG.

$BCON makes me sad. I was really hoping for something strong through MA50, but it never happened. May look again if it can hold support at .63ish.

$FCEL is off the list, but never far from my mind. It is trying to coil down to a nice triangle and we may see a pop back up soon.  I’ll be there.

I’m leaving $PPHM on the list, but for a different reason than originally defined.  I want to see if it can hold horizontal support at .7.  Yes, possible swing back up to .85.

OK, that’s it for the Watch List cleanup.  Now time to find new opportunities.  See you soon.

Tags: AHR, ALY, ATGP, BCON, CRBC, DVN, DYN, FCEL, FLEX, HTE, NAVI, OCLY, PEIX, PPHM, PSUN, Q, SRS, WTNY

The Weekend Watch List Cleanup

It’s the weekend and that means it’s time to mow the yard, wash the dog, run some errands, and most mportantly, clean up the [popup]Watch List[/popup].

I closed out a handful of the stocks because they satisfied their technical setup.  The two biggest winners were $CRBC ( up 98%) and $AHR (up 50%).  There are still a handful on the list that are technically coiled and ready to pop. I’ll have an eye on these Monday and into early next week:

$CRGN – running sideways – looking for move through 1.45.

$NAVI – we’ve already seen a small move out of the triangle, but I’m looking for more with the opening bollinger bands.

$TSTR – this triangle may have found support on MA50. Possible swing opportunity with stop just below MA50.

$PEIX – looking for move through .40

$BCON – looking a little messy on the daily charts, but I might try to swing long i fit can find  the .80 range.

$CFW – like BCON, CFW is kind of drifting around sideways, but now the bollinger bands are starting to open.  I’m hoping for a blast through .80.

$USTI – you talk about coiled and ready to pop.  A move through MA50 and I’m very interested

$DYN – looking for support at 1.9 and then a move back up through trendline resistance.  I see a long entry around 2.05 with tight stop.

$FCEL – possible swing long entry here at MA50 support and narrowing bollinger bands. Safer move would be to wait for breakout above 4.2 horizontal resistance.

$OCLR – above .7 horizontal resistance

$URRE – coiling. I’ll watch what happens around 1.15.

Tags: AHR, BCON, CFW, CRBC, CRGN, DYN, FCEL, NAVI, OCLR, PEIX, TSTR, URRE, USTI

A Few New Chart Setups

A few new short term bull setups that I’ll be watching for Tuesday.

$CFW – Tightening bollinger bands with RSI(14) 50 cross and ADX cross.  Might go long over .80.

$ETFC – Nice little pennant forming.

$UTSI above MA50 might get me involved.

$DYN – will wait for 2.10 before getting excited.

$PSUN – testing resistance at top of channel

$ARTG – might pick up some $ARTG for long swing off MA50 support.

$NG – obvious trendline resistance. A move above with volume and I might participate.

$FCEL interested above 4.25

$AOI - inverse pennant. Short under and long over.

Tags: AOI, ARTG, CFW, DYN, ETFC, FCEL, NG, PSUN, UTSI

Watch List Cleanup

I only posted two watch list last week – one on the 12th and one on the 13th.  Here are the highlights/lowlights and a few I’m still intererted in:

From the 12th:

$LTXC  – Kaboom – big winner, especially if you got in before Friday.

$FTWR – Up almost 20% since mention.. nice.

$AAV – Another great move – up 15% since mention.

$GNVC – Moved up slightly, but really caught in sideways action – I’ll continue to watch as bollinger bands narrow.

$BEE – Fail

$RAD – Running sideways.  I’ll be there when it breaks out.

$LVLT – finally started moving out of the triangle by Thursday.  Great swing trade that I missed out on.

$DPTR – I called the 1.50 horizontal support and how it is testing MA50 resistance.  Good swing/day trade opportunites last week

$AMKR – Another perfect breakout at 5 horizontal resistance – Damn, how did I NOT play this one.

$MENT – I was expecting more out of MENT, but it did make me a few bucks.

(more…)

Tags: AAV, AMKR, BEE, DPTR, FCEL, FTWR, GNVC, HEB, LTXC, lvlt, MENT, PSUN, RAD, THQI, TIE, URRE, XOMA

The Daily Scan

The Daily Scan may be null and void if we see bad news tomorrow out of $GS or from one of these economic reports set to release tomorrow:

Tags: FCEL, HEB, PSUN, RAD, THQI, TIE, URRE, XOMA