Friday Trades

Friday

IN
INTC – Added.
FMX – FEB-11 60

OUT
S: +.05
MU: +.09

Scalp
SDS: -.07

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.

Monday Trades

MON [Force yourself to learn something new each day]

IN
UUP – Added to position.
LVS – Started position.
SHLD – Started position.
VIX – Added to position.
KMB – Extremely cheap premium. Good value. Good levels.

OUT
MU (ALL) – Took profit at target (200ema). [13 days]
S (ALL) – Took profit on nice move up to the (200ema). [19 days]
BUD (ALL) – Not interested in this setup anymore. Took loss. Moving on. [5 days]

Portfolio

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 (11/24)

Considering taking profits into continued strength on Friday.

OUT
LLL – Took profit into strength.

Holding
IEF (short)
MAR (short)
CME
DO
LMT
MU
OI
S

Tuesday Trades

TUES (11/23) [buy when there’s blood in the streets]

IN
MU – Started position. Great relative strength.
CME – Added to position. Cheap premium.
LMT – Falling wedge. Triple bottom.  sitting on the lows.
LLL – Started position on long-term TL support.

Watching
/ZN – looking to 126’05 to put on short position on the 10-years.

OUT
MELI – Took remaining profits.