Friday Trades

Wednesday Trades

Wednesday Trades

Wednesday: Focus on protecting profits more than making them.

IN
FRX – FEB 11 32.5 CALLS
TUP – FEB 11 50 CALLS

OUT
UUP: +0.08
INTC: +0.24
INTC: -0.01
RCI: -0.57

Portfolio

Friday Trades

Friday

IN
INTC – Added.
FMX – FEB-11 60

OUT
S: +.05
MU: +.09

Scalp
SDS: -.07

Portfolio

Wednesday Trades

Wednesday: Take profits quickly.

IN
INTC – Added Feb-11 CALLS
RCI – Added to short

OUT
LFC: +0.25
UUP: +0.12
BIDU: +0.23
CME: +0.60

Watching: CTXS, DB, FMX, FRX, LVS, NRG, OC, PRGO

Portfolio


Tuesday Trades

Tuesday

IN
RCI – Short position added to portfolio on market weakness.
CME – Short position added to portfolio on market weakness.
BIDU – Good relative strength.
UUP – Good levels. Hedge.
LFC
INTC – Good strength back in INTC.

OUT
ISRG: +.20
EMC: -.09

Watching CTXS, INTC, LLL, WLP, and FRX.

Portfolio

Monday Trades

Monday: When stocks run early intraday it is usually followed by a selloff. It is easy to miss the run and catch the top so it is better to wait for better entries.

IN
CTXS – Scalp attempt but cut losses at major selloff.
EK
EMC
ISRG
MU – Entered in morning as dictated in HPS watchlist.
S – Entered today on predicted move from HPS watchlist.

OUT
INTC – Relative weakness. SPX +14 while INTC -.11. Moving capital elsewhere. Will look to reenter in 2 days (2 day resolution).
CTXS – Took loss on scalp attempt. Will look to reenter in 2 days (2 day resolution).

Could not act fast enough on WLP.

Portfolio

High Probability Setups – Week of 1/3/11

INTC
Started position on 1/31/10 and am looking to add if there is no breakdown. The stochastics are turning up and the underlying has been resting on the upward TL for 6 days.  It’s holding the 50 ema with strength as well.

LLL
Will look for an entry when the stochastics pull back more.  Probably Wednesday.

MU
I am anticipating a continued move this week.  Looking to enter this in the morning on Monday.

S
This is a common breakout pattern called a falling wedge.  I have found that sometimes it takes a while to play out but when it does, the move can be explosive.

WLP
This is another stock that will have an entry midweek although a small scale in on Monday or Tuesday would be a good idea.

Friday Trades

IN
INTC – Good setup. Will look to add.

Portfolio