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BRCD short works out very nice. Should be taking profits. Nice close on the gap too. I will talk about both types of trades in my class tonight on ET Chat. Brandon

I will also talk about the gaps. I do about 70% of my trading right off the open, and make the majority of my profits off the gap. I have a study which includes all gaps in the Nasdaq for the last several years. I will give some added info about that as it relates to the short I gave on my...

I have been basicly overwhelmed with people asking how to trade the News Stocks I have been listing here each morning on my News You Can Use Thread http://www.elitetrader.com/vb/showthread.php?threadid=6795 So, this evening at 9pm CST I will come into the ET Chatroom and give a class on how...

Im getting a ton of PM questions and comments about the news reversal plays...so if its ok with everyone Id like to do a class in the ET Chatroom tonight at 9pm CT. It will take me 30 to 50 minutes and I will cover trading the setups I list here. Brandon

The futures are backing down here a bit. Please note that the 120 minute 20ema is currently at 1014 in the Nasdaq Futures. Brandon

Polycom, Inc (PLCM): The stock was cut to attractive from Strong Buy by Weisel. The weekly chart has something of a double bottom support area. Look for buying opty on strength. General Motors Corp (GM): Bank of America downgrades GM to Market Perform from Buy. The stock is at an area of...

Untited Parcel Service (UPS): Upgrade to Strong Buy at DB. The daily and weekly charts are both putting in topping patterns. Look to short on weakness. Brocade Communications (BRCD): Morgan Stanely upgrades to overwieght from equal wieght. Though the stock is near an area of support, it...

General Market: The Nasdaq is looking like its going to open right in the area of the 120 minute 20ema. We know this is a powerful resistence point. The Nasdaq's current gap of 1.9% . It is more than a normal gap and has about a 50/50 chance of filling in 100% on the gap. If we do open on the...

MBG entry was 27.80ish. Partials taken 27.35ish. CHS was taken short 37.10ish between 10:04 and 10:10...plenty of upticks as it went slightly against us at first. Brandon

[14:29] <brandon> 14:29:40 cst SWING TRADE UPDATE: MBG has reached the 60 minute 20ema. Those traders who have not protected partials should take profits on 1/2 of the current positions. Stops should be moved to breakeven and the remaining shares can be held as a swingtrade.

[09:45] <brandon> 09:45:00 cst DAY TRADE UPDATE: CHS on the 15 minute 200ma, take profits here. [09:45] <brandon> 09:45:35 cst DAY TRADE UPDATE: CHS $1.41 on last sale. Nice stuff there Entry was 37.10

[08:52] <brandon> 08:52:27 cst Market Alert: SP Pivots are S1 966, S2 959.1, R1 986.8, R2 1000.7 [08:52] <brandon> again use this for expected range [08:52] <brandon> buy the S numbers [08:52] <brandon> sell the R numbers [08:32] <brandon> 08:32:54 cst Market Alert: Nasdaq S1 993...

More or less but not 100% of the time :) The news is just a catalyst that will bring eyes to a stock. I try to use the technicals then a bit to guide me as to which way they will move it. Basiclly the idea with the news is that if it should go up then it should. Brandon

Just this for pre-market news. Free on ET. I do have a chatroom where we trade futures and stocks as well. Brandon

Add JNY as a stock to watch for shorting opty. Brandon

United Microelectronics (UMC): The company reports a +58% increase in June sales, beating estimantes. The stock could go either way, but Id favor an upside breakout due to the fact that its holding its gap well from a few days ago. Look to buy on strength. Siebel Systems, Inc (SEBL): The...

**Mandalay Resorts Group (MBG):** was upgraded by CSFB. We, however, know that strip clubs in Las Vegas (as well as the Casino's) are dead right now. Also, the stock is in a downtrend and has rallied for a few days against that trend to resistence. Look to short weakness. ScanSoft, Inc...

http://channels.netscape.com/ns/news/ns/story.jsp?floc=FF-PLS-PLS&id=403781107&dt=20020707190200&w=RTR&coview Fairly interesting article on the losses suffered in the market by the wealthy and the current state of Private Banking.

Congrats to everyone who benefited from the News You Can Use. I had a lot of nice comments about it. The best thing to do is to use the first pivot highs and lows to enter the position. I have an in depth class in the members section of my site, Ill try to come up with an abrvieted version to...

The Trade [08:29] <brandon> 08:30:54 cst DAY TRADE: (Based on daily and intraday setups. Holding period = several minutes to several hours. Closed by end of day) BUY SETUP SP above 987.5 [08:30] <brandon> 08:31:19 cst DAY TRADE UPDATE: SP stops under 985.25 [08:33] <brandon>...