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I have had a number of questions about UNH, specificlly that it had good news and we bought it, as opposed to most other cases we short good news. Please refer to the class I gave last weds -log is located at http://www.tradingfrommainstreet.com/etchat.html and note that news is only a...

WRAPUP ON NEWS ALERTS: PFG -0.17, PGR +0.80, UNH +1-1.19

UNH is the only news stock that has setup today. Has a gain of about 50 cents, should work it that you dont take a loss. B

a 5% gap is in another group fwiw, but none of those have filled in 100% either. Brandon

A quick short, just meaning that I would look for something that would last 5 to 10 minutes, not all day which we got. The way yesterdays gap filled took me totally off gaurd and I lost money due to that. It was the first gap of that kind since 1992 to fill in 100%. Brandon

Automatic Data (ADP): The company missed second quarter estimates by 1 cent. The weekly chart is a very nice double bottom, and the daily is forming a low level base. Look for buying opportunities. Principle Financial (PFG): Bank of America downgrades PFG to market perform from buy. The...

This is so cool to find this tread. I absolutly can not trade without music, when I try I don't get anything right. I thought I was some sort of freak, I know that Toni does, it certainly gets on her nerves sometimes. :) Brandon

[08:14] <brandon> we are seeing a gap of 3.2% in the Nasdaq [08:14] <brandon> this is a fairly large gap [08:14] <brandon> and they tend to not fill [08:14] <brandon> also [08:14] <brandon> in light all of the "bad" news we had last nite, INTC, MOT (worst loss ever) etc [08:14]...

Verizon Communications (VZ): Morgan Stanley cuts estimates and price targets for many RBOC's, one of them being VZ. The weekly chart however is very extended to the downside. Two other things, one that matters and one that does not. If you look at the performace of the other stocks in the sector...

Teradyne, Inc (TER): The company reporting earnings that were better than expectations. The stock has a classic daily short setup, downtrending stock, rally against this trend to resistence. Look for shorting opportunties. EMC Corp (EMC): Merril raises Q2 revenue to $1.43 billion from $1.37...

News is fairly uneventful this AM. We did have MOT with its largest loss ever, and INTC miss too, yet the futures are still gapping up. This should be taken as a sign of relative strength. The first play of the day is likely to be a short though as the SP is gapping right up to its 120 minute...

Back in April we went to the Las Vegas Money Show. The place was dead as a morgue, not just the Money Show but Vegas overall. We went to the strip clubs and they were as dead as they are in Dallas, Tx right now. At that time Homebuilders and Casino's were all at or near 52 week highs, and we...

14:00:10 cst *DAY TRADE*: (Based on daily and intraday setups. Holding period = several minutes to several hours. Closed by end of day) *SHORT SETUP* ALTR can be taken short here (13.92 last) 14:00:26 cst *DAY TRADE UPDATE*: ALTR stop 14. 14:02:08 cst *DAY TRADE UPDATE*: ALTR risk cover. Take...

Very nice action in the news stocks again today. IMPH gave a small loss to a scratch, everything gave very nice profits. Congrats. Brandon

Coz I keep the data. Brandon

Yesterday was one of the strongest late day rallies we have seen in some time. It will be important for the market to see follow through today. If not, look out. There is not much for news today that is very interesting to me from a trading perspective, but I would suspect today would be a bad...

Well said IMO. I think people still have their head stuck in tech too, until just a few weeks ago if you took out the 35 worst performers in the SP500 (all tech) it's positive over the last few years, its just that people think those are the only 35 stocks in the damn thing. Brandon

I didnt think we had a shot in hell of today being a capitulation day. All morning the Semi's were making New Highs and the Nasdaq was holding up nicely. This changed by the afternoon, but that does not change the morning Relative Strength, but by this time the bonds where saying that they did...

a pretty volatile day today. I was bullish most of the morning and was buying things, and though I was profitable the broker made more than I did..which is generally not the goal. Things have been very whippy, so my risk to reward hasnt been as good as Id like it to be. I will probably be...

pretty good morning with BLDP, PSFT, SEBL, NCEN (if you could get that one my hats off to ya). Anyone notice the great relative strength in the Semi's. Market speaking to us. Brandon