Looking for a short entry into MBT this morning in the 43-45 area. This one has bounced from 20 to 46 over the previous six sessions before seeing it's first red day yesterday. Alot of overhead resistance along with the 50 dma. I would cut back if it reverses through Tuesday's high of 47 but my ultimate stop is the 50 dma.
Also watching EEV for a trade but being very cautious here this one moves fast.
SHORT MBT at 42.70
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Outperforming Averages by 50%
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Outperforming Averages by 50%
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Longs
Symbol...Buy......Sell....$ Gain....% Gain
GNK.....12.03....16.98....$4.95.....41.47%
PCX.......6.04......9.00....$2.96......49%
PNX.......2.08......3.35....$1.27......61.06%
CSUN.....2.01....2.98......$.97........48.3%
UYG......3.30.....4.32......$1.02......30.9%
SKF.....135.05....176.5...$41.45....30.69%
DRYS....12.60...19.65....$7.05.....55.55%
STLD.....8.95....11.95.....$3.00.....33.5%
EXM.......9.01...12.70.....$3.69.....40.95%
APWR....5.01.....6.85.....$1.84......36.8%
Shorts
Symbol...Short..Cover..$ Gain...% Gain
SCHN.....27.00...22.75...$4.25.....15.74%
NOV......29.00....23.00..$6.00.....20.69%
SOLF......8.95.....6.80....$2.15.....31.61%
Feel free to e-mail me @ TraderJax@rocketmail.com
Symbol...Buy......Sell....$ Gain....% Gain
GNK.....12.03....16.98....$4.95.....41.47%
PCX.......6.04......9.00....$2.96......49%
PNX.......2.08......3.35....$1.27......61.06%
CSUN.....2.01....2.98......$.97........48.3%
UYG......3.30.....4.32......$1.02......30.9%
SKF.....135.05....176.5...$41.45....30.69%
DRYS....12.60...19.65....$7.05.....55.55%
STLD.....8.95....11.95.....$3.00.....33.5%
EXM.......9.01...12.70.....$3.69.....40.95%
APWR....5.01.....6.85.....$1.84......36.8%
Shorts
Symbol...Short..Cover..$ Gain...% Gain
SCHN.....27.00...22.75...$4.25.....15.74%
NOV......29.00....23.00..$6.00.....20.69%
SOLF......8.95.....6.80....$2.15.....31.61%
Feel free to e-mail me @ TraderJax@rocketmail.com
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3 comments:
great short on mbt
Thanks bud! Did you take any?
unfortunately not. i wasn't by my desk for part of the day so there wasn't much i could do
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