Tuesday, April 21, 2009

Market stabilized today after the big down move Monday, Time to get back to work.

ANV is one I really like. This one has the potential to work in a weak or strong market and think it has high risk/reward as we continue into earnings season overbought in the short term and still in a bear market.



Other good patterns to watch:

RFMD IFX HWD PRGN APAC KKD CYD FIZZ DCTH

And one penny:

GWGI

JAX

5 comments:

Squishee said...

good action for RFMD, KKD, IFX and the penny one.

What was your entry point ? Do you hold for the night ?

FIZZ, PRGN & APAC seem to trade in a tighter rangewhat is your plan ?

DTCH, CYD and HWD seem to consolidate for the moment, I am right ?

Jax said...

Well I really was meaning to get back later and add entry points like I said with ANV but went to dinner and never got back to it. Basically I was just running through scans and flagging a few setups to watch for the next day.

Since you are trying to learn why don't you try to tell me what I was looking for entry. They are all patterns similar to the ones I usually trade so you should be able to get pretty close. I only traded a few and only a couple of those worked out, one of them I got stopped out pretty quickly on. ANV obviously never triggered.

I won't trade FIZZ though, I didn't notice it was so thin until I looked at it today. You can still guess the entry anyway. And forget that penny as well, that is some stock I got off a newsletter that tries to pump stocks after they have already got in. Just threw it out because I thought it would be interesting to watch. Sorry I didn't have time to add that note later.

And no I didn't hold any over night with the poor market close.

Squishee said...

PGRN - Entry point at 3.95, wild look to take profit near 4.8

APAC - Good volume with an entry point where the action is actualluy (4.11) and a quick stop around 3.9

DCTH - Entry point around 2.80 on good volume but today's action wasnt good.

HWD - Entry at 4.5, quick stop near 4.3

CYD - Not good volume today, anmd it seem to be fading.

Entry at 6.8 and stop near 6.4

IFX - Entry at 2.30, action is now at 2.33, so I would jump in a good volume day and good open.

FIZZ - Entry was at 10.6 ?

RFMD - Entry around 2.60 wich was reached today with huge volume.

Would you jump in it ?

KKD - Would have say 3.47 wich was breached today.

So how is my results ? :)

Jax said...

Pretty Close

PRGN - through 4 never triggered

DCTH - through 3.8 never triggered

HWD - right on

CYD - was looking for a fade here and have a small tracker here at 6.2, looking for big volume day to add

IFX - through 2.20ish but didnt take

And my two winners for the day

RFMD - took through 2.5 and sold in the 2.8 area. This one remains a watchlist position as it sets up again.

KKD - was predictable as it gets through 3.47, I waited for 3.5 and sold at 4.0 near the close to make sure I locked in gains. It continued to power to 4.25.

Anonymous said...

yes some of them didnt triggered

for the donuts, It was a good one imo

Did you have hold it or you sold it at the close and take it again on the open of the next day ? (because this one had 2 good days tursday and today)

(Squishee, forgot my google password)