Thursday Trades

THURS 12/2/10 [Review tickers previously traded to get an idea of what you trade well and what you trade poorly]

OUT
CME (ALL) – Took profit. [16 days]
DE (ALL) – Took profit. [1 day]
MU (1/2) – Took profit.

IN
VIX – Started position as hedge.
SPY – Started short position as hedge.
APOL – Started position on intraday strength and solid technical levels. Swing trade.
STX – Added to position on huge volume.  News after the close: Seagate Technology Strength attributed to chatter WDC made an approach to STX but was rejected.

Closing Imbalances: Mixed

Portfolio

Wednesday Trades

WED 12/1/10 [Tighten up your watch list]

OUT
LMT(ALL) – Took profit on pop.
OI (1/2) – Took loss on pop.
IEF (ALL) – Took profit on short.

IN
UUP – Started position on weakness.
BUD – Started position on strong technical levels.
DE – Started position on strong tech levels.
DB – Started position on support levels.

Portfolio

High Probability Setups – Week of 11/29

High Probability Setups We Continue to Watch
SHLD – [chart]
RYL – [chart]
LLL – [chart]
PBR – [chart]
DE – [chart]

High Probability Setups We Have Entered
DO – Looking for a pop on multiple indicator setup. [chart] [trade1][trade2][trade3]
CME – Rising channel. Entered on support and cheap call premium. [chart] [trade1][trade2] [entry logic]
S – Support touched 3 times over 6 months. Entered on TL support. [chart] [trade1][trade2]
WFT – Short. Rising channel. Shorted at resistance. [chart] [trade1]