Yo yo! Had some fun today w/ Career Day (here are some pics of thank you cards from the kids which made my day!!) but trading was flat since I missed the morning and as expected, couldn't really find anything worth buying/shorting. I did take a few trades (MPC short at 104.58, covered 104.04, ANTH long $4.99, sold for loss 4.90, and BIOC long 4.67 and sold for loss 4.58) so basically just burned commission, lol. Good news is my swings were working a bit so I was able to account for the losses by unloading my swings in VG and LF. Don't get me wrong, they are still VERY much in play but toward the end of the day I really didn't like what SPY did w/ that big selloff so I took off my swings in preparation for some pullback in the market. So right now I am all cash and for VG, LF and IMGN I am going to keep them on radar for day trades.
As far as my scans go...there are basically a whole shit ton of "well, maybe this will work..." stocks on my list. Nothing really convincing, lol. So I am going to probably just sit on my hands unless I see something I REALLY like (mostly stuff I've already been watching). Regardless, here are my main ideas:
RDUS - Planning a short on this daily bear flag similar to how INO looked a couple days ago. I'd love to see a morning push to $46.40-46.80 to get a starter going. initial risk would be prob a buck or so. $47.50 stop give or take. Then once it starts to roll over, I would be looking for lower highs and weakness in the market to carry it down to $45 where the real breakdown lies. I'd like for my avg price to be over $46 by the time it gets to the low $45s but am not opposed to changing it up a bit like I had to on INO, as long as it is well behaved. Gonna have to play it dynamically, but I think if this takes out $45 it could see $43.30s pretty quickly.
GAS - Another short though the pattern's a bit looser. I'd like a push to $50 and would like to see how it acts there to decide whether $50 will provide resistance. If so, that would be a decent place to start shorting w/ risk to $50.50 or so. Until it breaks $49.41 this is really a 1:1 trade, so treat it as such.
SEE - This bounced into the close back toward the 50ema intraday which I like to use as a guide for trend following. A move toward $47.80 on the 15 min chart would put it pretty overbought and extended on the 5 min so any move from $47.50 toward $47.80 can be looked at as a short. at that point the r/r is pretty solid and as long as it starts putting in lower highs I would keep my stop right over $48. From the .80 mark I can see this testing $47.00 pretty quickly. Under $47 I think it can see $46.40s.
Since the market is pretty shaky up here, I'm going to keep it to just these three for tomorrow. I do still have other stuff on my list but most of it I have either already talked about or it's just not worth the risk w/ the market at highs. I'll give a few other tickers but not going to go into detailed plans on them so if you want to trade them, please have your own plan!
- VG for day trades
- LF for day trades
- CYTR watching for volume and break of $3.30
- BTU watching for $8 break
- SIGM still on radar for $7.35-7.50 break
- EPRS up 100% in just a couple weeks so I'd call it parabolic, tho the pattern is sloppy so no plans to trade it (yet)
- AMRS, NES, ARQL, VLCCF possible red to green
- CDXC flagging and I think it can go higher over $1.45 (keep in mind this is also up a lot in a very short amount of time so breakdowns will be fast and furious)
- HMNY parabolic short (very risky stock, do not recommend you trade this unless you have played a lot of parabolics)
- LL possible green to red for $50 breakdown
Ok that's it! Have fun!
Chris
Submitted February 25, 2015 at 11:52PM by greenbartrading http://ift.tt/17AeQFa
No comments:
Post a Comment