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Light, Sweet Crude Oil Futures July 2009 US Dollar
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Past winning trades below Thursday We had a super day today with about 9 watch list stock hitting triggers and making profits. They also did not gap over but were clean soon after the open so time to get in. Tomorrow may be volatile but at the same time the afternoon should be quite dead as trading desks will leave for the holiday weekend. Here are some from today -- we added many more to the watch list too. Our long triggers today include: ARGN, FRED, YUM, DELL, PMI, MLNX, AUXL and BSCI.
Wednesday Big market day and we had many triggers as well. The ADP jobs report showed continuing losses in the private sector but the technicals were in place for this rally as we showed in the weekend newsletter. Our 50% retrace target on the S&P 500 was 1084 and we made it today to 1080. If this wants to become more than a end of summer - no-one-is-minding-the-store rally it will have to pull back and we need to see some big volume on the second run after that. Our long triggers today include: ISLN, WDC, CRR, ETR, PDM, MTH, VRSN and BSCI.
Tuesday Markets did not do much again today but they did hold support. In the morning ADP jobs report, ISM and auto sales on the economic calendar. We had some good continuations moves on our gold stocks and two more longs triggered and one short. NR, SPWRA and CGA.
Monday Markets gave back gains from Friday - could get them back again tomorrow as there is no trend really. We are however near some support that if broken will drop us a decent amount further. The last day of the month so still a chance foe end of month window dressing.
Friday Nice market
rally and we had some very nice new longs- one solar and 4 miners. -
SA,
NI
and
KGC,
TSL and
HL.
Thursday
Wednesday We cannot
know if this is a turn around for a day or a week but technically it could go to
perhaps a 50% retrace back up. If so that would be roughly 1070 on the S&P 500
and 10200 for the Dow. With Jobs on Thursday and GDP on Friday it may be
interesting. Today we had some very nice moves -
GIGM,
PCBC,
SEM,
EDU,
and short
RES.
Tuesday We did not
get our turn-around-Tuesday as we were not washed out enough for a bounce yet.
The next bounce to come will likely be s shorting set up but we will wait to see
its strength. The market could keep going but a bounce to reload is expected. We
had a good day as 6 on the watch list triggered as shorts -
BSX,
CTB,
DELL,
MLP,
RIMM and
YHOO
plus one long triggered. NEE.
Monday The market
did not step up today though at the open it was merger happy. So often if we get
a gap up on a Monday it does not hold so shorts play the fade automatically. We
had many stocks break a little or gap up but most faded later except CML. The
market could fall to July lows - especially the Russell as it has not far to go.
At the same time we could have turn-around-Tuesday - there is always that
chance. on the upside today we had
LAZ
Friday
The plus
today is that the market closed well up off the lows so there is no strong
pressure on the downside. More like lack of buying. Some data shows the the
money flow is going into stocks even while it drops in price. This can happen
when the buyers are willing to pay the ask which would drive the prices up but
this time there are just not enough of them. This is short term encouraging.
The Nasdaq closed with a positive today so watch to see if they can be the
leaders for an end of month rally. We had a few issues that continued higher but
the stand out added another 6% today. We first had AKAM as a buy at $41.12 but
then added a second buy point at over $46.00 and today it close at $48.18. AKAM
and LAB a
Thursday The market
did not do well today and it had a couple of chanced to redeem itself but
couldn't do it. The action today make the days up this week look like a little
bear flag. There is a possibility that with options expiration there could be
some recovery on Friday but there is nothing of significance on the economic
calendar to create spark. Regardless we are prepared with shorts and longs
and ETSs to help produce some profits before the weekend. On nice break
out today only got better as afternoon progressed and ended up nicely on strong
volume. NVDA
Wednesday Tuesday Monday
Pretty good day today for our watch list and tonight we have
added 8 more longs to watch. The markets rest today worked off a
little oversold condition but a bounces is in order. If we fall
further we will be even more oversold. We do have some shorts on the
list but a Turn-around-Tuesday would be nice. It may need a catalyst
to start it off or a morning pullback. Today we had 4
new long trades trigger buy today
RADS ,ANV.
DXCM
Friday Next week is options expiration so more volatility to come.
Thursday Not so much
weakness today but neither longs nor shorts were very aggressive. We have a mix
on the watch list so can trade either way but with no trend the trades are
shorter than usual. Take profits more often and keep your ETFs handy for quick
entries as market changes direction. Locate support and resistance lines to
make for low risk entries. Today we had two new longs trigger-
ANH plus
NFLX and two shorts one short
WFC and
CSC.
Wednesday That negative
divergence of the RSI on charts and the bearish wedges played out today as the
indices broke down. Was it the economy reports or worry of slowdown in China or
maybe the solar activity we had recently - it seems to have been the charts.
One day does not mean that our multi week uptrend has ended but we put on the
watch list many stock that can be traded short or long with ease as they are at
or near support. Just check which way they are going to move and trade in that
direction and be prepared for reversals. Today we had only one stock trigger
and that was a short -
MSO.
Tuesday The market
sold off in the morning but it held its trend lines and after the Fed
announcement leaving rates unchanged there was relief rally to close not
down much. The Russell 2000 however was quite weak today. We had only one new
buy as most issues or ours stood still. The new one today was -
QDEL.
Monday A mind day as
all await until the Fed announcement Tuesday at 2:15. On the video you can see
the trend lines of Dow and S&P 500 for support and resistance. Today we had many
stock trigger but only one the really took off that was
OXGN a penny stock up
big but the rest made small moves and we will leave them on the watch list
as piink as they could get better as long as the market stays bullish. -
OXGN,
SYKE.
ALGN.
AKAM,
ANH.
TNDM and
GDP.
Friday It started with a sell off but got us back to near zero by
the close.
Have a great weekend. Thursday Only
consolidation as if the unemployment number was important. It will be released
in the morning and the market likely to respond but one week or month does not
tell us much. So we will buy break outs and take partial profits at least on the
first day. A habit of profit taking builds accounts in al types of markets. A
couple of the new buys today -
NHD,
RIG
DIVX and
a short with
WFMI.
Wednesday Another show
of buying - not strong but driving the market up. Maybe the wall of worry at
work, IN the morning we have initial claims and on Friday unemployment numbers.
Again today we had several news buys and mid day a few were strong and gave back
some later, Many past stocks ran stronger a few days after the initial buys. A
couple of the new ones today were: -
ICE,
KERX and
CIGX.
Tuesday A good
consolidation day today with a narrow range and looks like we may have more to
run. There are solar storms for Wednesday and Thursday - check the Moon
Page under Recourses on the menu above. Today we has a gap up and a gap down
form our watch list and 3 new buys as well. -
WRES,
HOLX.
BIOD and
HWX.
Monday The market
indices gained big today but if you look at a list of top gainers you see that
there were not really very many big percentage movers. Our watch list had
several that gapped up over the buy point at the open but we had no big movers.
Actually there were about 30 that were green for the day but up less that
1%. This is very strange and shows not really big buying. Though actually we
often have the largest gains when the general market is weak as that is when
people focus on what is going up, If stocks only move a touch over the buy
sometimes we leave them on the non triggered list for a bit. Today we had
triggered stocks: -
ONXX,
DDSS,
IMAX,
AEIS,
URRE and
SIRI.
Friday The bulls kept it from sinking even
with the poor GDP report but they showed no power to do anything more.
Thursday The market
continues its consolidation with a bit of a pullback to test the S&P 500 200-day
EMA which it did so far successfully. The GDP report comes out in the morning so
that may set the tone for the day. It is the last trading day of the month so if
given a chance we would not be surprised to see some window dressing. Today we
had a gapper with LUV
and two others that hit the buy points for gains.
SCI and
MOS.
Wednesday Durable goods
drop - Orders for big-ticket goods produced by US factories fell by 1.0 percent
in June and this is a good excuse for the market doing little today. The charts
suggested this action the day before. We had only a couple of stocks hit buy
points todaya
PVTB and
CMCSA.
There wil be more tomorrow.
Tuesday A gap up in
the morning was predictably faded as the market was overbought. We guess these
opening gaps are partially done with futures so that they can short sell after
the open as it is not logical to buy a gap after the run we have seen. This
feeling was obvious in stocks - we had a couple of break outs but later in the
day they faded also. This was expected however and that is why it is good to
lock in some gains on the first day as you can always buy some back for another
move. The two today were
HW and
FBMC.
Monday Light volume
Monday and the market ran higher. We expect a pullback by Tuesday as it is
extended with resistance overhead. We had many stock hit their buy price and all
of them stayed positive all day but though a couple made big gains they
others just did not have the volume - the power to move much. We will let try
again Those we maker as triggered are:
SAPE,
AVP,
DVAX,
MCCC,
OCLR,
CVBF and
FUQI.
Have a good weekend and sign up for the free newsletter above right. Friday Suppose the
talk this weekend will be the close of the S&P 500 back over 1100
and the supposedly encouraging earnings reports. No complaints as we
have had many stocks that have run for a week or two. Today we had 8
more hit their buy prices. -
SAPE,
NTAP,
RHT,
CTSH,
ARBA,
BRKL,
BWLD and
CGA.
Have a good weekend and sign up for the free newsletter above right. Thursday Can't make up
its mind so we get these reversals even when jobs reports or worse
than expected. Well, volatility does make for good short term trades
at least and we had several that hit their buy points today. -
ADBE,
IVN,
VSAT,
ZOLT,
CPKI and
DGIT.
Wednesday A pullback
today as those two candles did turn out to be a small bear flag. I
do not think this hurts the chances for a decent rally later into
August. We had a couple hit their trigger prices today -
HRB long and SNV short
while CRUS and
SWSI gapped up at
the open.
T
It is recommended not to invest more than 10% of your
portfolio in any one trade then set stop at 5-20% lower so you cannot
loose more than 0.5% -2% of your portfolio on any one trade.
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