GU acted extremely well and looks good for some follow through tomorrow should the market cooperate and FEED continued to power on, I'm all out of the later now. GNA continued to show strength as well and I am still long that one, moving my stop up along the way. I also had a nice trade in EGLE which topped it all off nicely.
However, the close near lows on big volume in the S&P and all around weakness in financials has me very concerned that this might be the first day of a meaningful pullback. The reaction after the first hour of trade might be indicative of the next couple trading sessions, especially if we open much lower and dip buyers are now where to be seen.
Anyway, my number one play for tomorrow is the gold stock ANV which also has a strikingly similar setup to the FEED setup from a day ago. If buyers head for the exits the old safe haven play might attract some interest. ANV looks a good add here, which I did into yesterday's close, and I will be looking to get more aggressive through 6.22ish on good volume. Other gold stocks: NXG, RBY, NSU, THM are also on watch for volume surges.
If the market gets a bid under it I will be keeping an eye on SOL. I like the pullback there, and obvious by the big intraday swings in solar stocks, money is still pouring in and out of the sector.
GGP also has a nice looking pattern if it floats your boat
and
ZLC as well if retail is hot.
Others to keep on your watchlist, looking for a day of rest or dip in most to setup for tomorrow:
SOLR, OCNF, CENX, GNA- I'm still long a small bit of this one
RUTH, NGAS,
HERO - I'm are holding a little position here I bought on the break of two, if gets another day of good volume day it might be good for a quickie.
JizzAX
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4 comments:
In ref of your advice of my 5k$ starting money in trade.
You said 1 or 2 trade max, what would be the time frime on an average trade ?Intra day, cople day or weeks ?
Want to Coach me ! ?
Ok, assuming the same amount Im adding other topic here :
Look like in Canada we have Scotia Itrade, who seem to bee the same than etrade.com (it was etrade canada before its been bought)
Anyway, wich platform would be best ?
Also, is a 19,99$ fee is I do 1 to 29 in 3month. + Itrade pro 200$/month
9,99$ 30 to 149 + Itrade pro 99$/month
6,00$ for 150+ , and Itrade pro for feee
Also look like its for the last period of 3month, so if I beggin maybe I would have to face the high fee, wich is in my opinion a total steel for a 5000$ account.
So any advices concerning how I should start to avoid being toasted by the fees, etc is welcome.
(Note the 1% rule is 50$ for a 5000$ account.. with 20$ the transaction, wich mean 40$ (buy + sell) its somewhat... annoying..
Thanks
Look like a good portion of your watchlook are doing good or looking good.
Good job imo
Squish,
We can work something out but already worn down doing all this for free. So name a price and I will consider...
JAX
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