Recent content by PeterReznicek

In addition to shorting some homebuilders early on today which followed through on Friday's weakness, this retail trade came up in early afternoon that had so much going for it it was just screaming to be entered.......... As the $RLX (Retail Index) was basing at the lows, Auto Zone (AZO) was...

The following chart illustrates the head and shoulders pattern that has been forming in the $DJUSHB (homebuilders index) for some time now. The head and shoulders pattern is formed when after a protracted advance, a last high is made which marks the top, or "head" of the pattern. After...

Although trading intraday relative strength of sectors and stocks is our modus operandi, it never hurts to have a few more tools in your toolbox, so to speak. On Wednesday, December 17th, Amazon and other internet stocks (which we track using the Goldman Sachs Internet Index, or $GIN) were...

ok Pete, here's one from today................. Internet index was very weak all day. Had the $gin at the bottom of my sector minder for most of the morning. Took Ebay from the short side and the following happened.......... Shorted EBAY at 55.14 at point 1 on the chart on the...

I don't know if it was in anticipation of the Feds comments due tomorrow afternoon at 2:15, but the $BKX (banking index) was absolutely on fire today. The index was showing relative strength to the broad market all day. As such we selected Citibank (C) for a trade on the long side. The setup...

[/b] Should have read 55.58, not 56.58.

In scanning the various sectors that we trade, we noticed that the $XBD or Broker-Dealer index was very relatively weak to the market all day. In the afternoon we selected Merrill Lynch (MER) for an entry on the short side. Following is an annotated chart of the setup. We shorted half...

Recently we switched the format of our Real Time Room from exclusively daytrading ETF's to daytrading of individual stocks. We have decided to start a journal here highlighting some of the plays that may have educational value. Those of you who are familiar with our other thread "Why Actively...

The OIH trade hit its trailing stop on Wednesday, Nov 5th at 55.30, for +.60 on the second half. Our apologies for not posting that earlier. As for the difference in $sox and SMH remember that theres a lot of $sox stocks that are not in SMH. Althought most (if not all) SMH stocks are...

Oil Services was very strong today with BHI and others leading the charge. $OSX (Oil Services Index) up almost 3% today, and definitely the strongest sector all day. We took some profits @ 56.41, and raised our stop on the second half to 54.70 which is breakeven, essentially taking all the...

On Wednesday after a gap up and hard selloff which did not confirm the bottoming action in OIH, we took half off the table @ 55.05 for a .10 loss. Our stop on the remaining portion was raised up to 54.60 to minimize risk. Yesterday, further weakness in OIH caused the second half of the...

In an earlier post we were describing a reversal in BBH (biotech HOLDR). In the post we were describing how when you have a confluence of indicators working in your favor the odds of the trade working out increase dramatically. A similar situation is brewing in OIH (Oil Services HOLDR). You...

Duly noted, Savvy. will try and adjust on further posts. Glad you are enjoying the material.

Wednesday was an auspicious day for ETF traders worldwide as it marked the debut of the much anticipated ONEQ. ONEQ is a new ETF that tracks the entire Nasdaq Composite as opposed to the QQQ which tracks only the Nasdaq 100. This new instrument trades on the Nasdaq as opposed to the AMEX where...