Thursday, January 28, 2010

Today's Trade: PCU

I entered PCU as an oversold bounce play as it falls to support.

Tuesday, January 26, 2010

DECK at Support

DECK is one of the few good bullish trend setups.

Wednesday, January 13, 2010

Today's Trades: CAT, UAUA and TOL

I entered half positions in UAUA, CAT and TOL today. There are a number of good looking pullbacks, but they could get stopped out if market pulls back, and there is room for pullback before support hits.

That is why I took half size positions.

I also took profits in my last trade, short ACI based on the overbought setup.

Monday, January 11, 2010

Trade Entry: ACI (short)

I am short ACI at $28.05 based on the extreme overbought readings in stochastic, along with extended price action. This coal setup was featured in the Trade Report last night, for short on strength at the open.

Tuesday, January 05, 2010

Trade Entry: AMZN

I entered AMZN based on 1) the oversold stochastic reading and 2) pullback to the 50 day moving average. There is not credible chart pattern, but risk is low and the two elements listed give a slight edge.

Stop is below the moving average, around $129. The intital target is $140, followed by $145.