Hello everyone!
Nice day in the markets today with a very powerful close and holding above $185 on SPY which is very bullish. The volume was a bit weak and we are still consolidating a big rally so I'm not sure we will just immediately break out, but I do like the action I'm seeing overall. I had another flat day of grinding around blowing commission (which luckily is free for another couple days so technically I made $110 today, lol), with a bunch of trades I got too greedy on and didn't take profits when I should have. But, in this choppy environment being flat is actually ok, as when the market gets tight it is very difficult to prevent losing money if you're day trading. Hopefully tomorrow I'll finish out my month strong as I see a lot of very strong looking stocks out there. If we break out to new highs on SPY, I suspect there is going to be a lot of money to be made. I also noticed a few of my previous calls materializing today (NVAX, HZNP, SEED, FMI to name a few) which was nice. Anyway, here are some ideas for tomorrow:
KOOL - I took a small starter position in this at $2.28 today. It needs to get over $2.60 but is low risk here so I'm going to swing it up through $2.60 if it can get there.
BDSI - Explosive daily pattern and was very strong today. On watch for a continuation
FONR - Finally bounced over my $22.20 alert. Unfortunately it didn't trigger for me for some reason so I missed it, but it closed very strong and I'm expecting it will rip tomorrow right out of the gate.
BSPM - old alert triggered as this one finally broke out, so watching for a continuation.
SNMX long for a continuation over $10.05
TSEM long for a continuation.
YGE long for a range breakout over $6.45ish. Other solars like CSIQ and TSL have been running and this one looks ready next
VMEM for a range break over $4.30 area. This one has a ton of upside potential and could be explosive.
CNDO another bottom bouncer type range break like VMEM. Probably over $3.00
Let me know whatcha got, if anything! Also thanks to all who came to the webinar tonight...it was a good discussion and I hope it was helpful! I'll be posting it on my site in the blog area for everyone to access and then we will do another one soon if people want!
Hope everyone has a great day and weekend!
Chris
DISCLAIMER: I am a day/swing trader. LONG means I'm expecting price to go up, not that it's a long term trade. SHORT means I'm expecting price to go down, not that it's a short term trade. Just because I post these here does not necessarily mean I'm buying/shorting them. They are ONLY ideas, may not be traded at all, and if I do take them, 99% of the positions will be closed by the end of the day. One other thing...any swing recommendations should be taken w/ extreme caution - lock in some profits as I am not checking these to see if they have earnings or anything before posting, so if they do they could make crazy moves. Do your own DD on them. If ya have any questions, feel free to ask below and as always, share your ideas too. The more the merrier!
Submitted February 27, 2014 at 10:41PM by greenbartrading http://ift.tt/1lotVhu
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