Monthly Archives: February 2008

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Candidates for 02/15/2008

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20080214 VTA 14.1 -1.00 417812 1, 2

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 02/14/2008

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20080213 VTA 14.49 -1.00 416292 1, 2

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

links for 2008-02-13

CEF another good “dip trip”

My trades are not always good, far from it. I am still a serious student when it comes to the market. But sometimes I get success, not only because I made money on the trades but because I followed my plan and it paid off. Sometimes, I get very happy getting stopped out of my trade and seeing the price drop further. Even if I lost money, I have the satisfaction of knowing I could have lost a lot more and I am happy my system worked.

In this case, it was actually a good trade though. This was my second successful attempt trading a dip trip. The daily chart had showed a nice uptrend from mid-January to early February. I picked CEF on my list half-way through the drop. I waited for a decent entry signal which came in the form of a gap open on 2/6 with a MACD crossover and several other indicators. This was all happing right around the 50-60% pullback mark on the Fibonacci grid. My order was ready overnight on 2/5 so I was stopped in pretty early on, giving me a good entry for once. This allowed me ride the down movement on 2/6 not too worried about the outcome.


After getting in, I rode the uptrend as much as I could. My stop was following closely with the price-action and I was eventually stopped out. At first, I thought it was a premature exit and the high open the next day got me worried. But it turned out to be an an exhaustion move and the prices declined quickly after. So I missed some of the price at the entry and some at the exit but overall, I covered quite a bit of movement on the trend and I am very happy with this trade overwall: good entry, good exit and the system worked as expected.


These encouraging charts keep me coming back for more.

  

Candidates for 02/13/2008

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20080212 GEOY 31.04 25.92 367553 1
20080212 TDC 21.75 -1.00 1464519 1, 2, 3, 4
20080212 VTA 14.86 -1.00 414347 1, 2

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 02/12/2008

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20080211 CMGI 11.21 -1.00 3170027 1
20080211 FBCM 7.2 -1.00 275908 1
20080211 GEOY 32.04 25.86 370196 1
20080211 IBN 54.92 52.94 2714928 1, 2
20080211 IVZ 25.21 -1.00 2996693 1
20080211 PFGC 30.76 29.84 438573 1
20080211 RATE 45.32 44.76 563210 1
20080211 SATC 1.41 1.32 338511 1, 2
20080211 SLT 18.54 -1.00 2012008 1, 2
20080211 TDC 22.6 -1.00 1428175 1
20080211 VTA 15.28 -1.00 413552 1, 2

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 02/11/2008

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20080208 APPY 5.9401 -1.00 317936 1, 2, 3, 4
20080208 FBCM 7.31 -1.00 275694 1
20080208 IBKR 31.67 -1.00 817633 1
20080208 IBN 55.28 52.90 2705356 1
20080208 INFN 12 -1.00 782295 1
20080208 IVZ 25.64 -1.00 2974617 1
20080208 MBT 77.26 72.82 1661169 1
20080208 MC 20.75 19.38 398838 1
20080208 MLNM 13.82 11.97 5679623 1
20080208 PFGC 30.87 29.85 437897 1
20080208 SATC 1.46 1.32 337062 1, 2
20080208 SLT 19.44 -1.00 1996639 1
20080208 VEA 41.94 -1.00 348828 1
20080208 VTA 15.42 -1.00 413313 1

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 02/08/2008

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20080207 NDAQ 40.08 37.57 2716394 1
20080207 SIE 42.01 41.91 449860 1, 2, 3, 4
20080207 TRE 5.62 5.56 356798 1, 2, 4

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!