MACD/Trendline Swing Trader

[retire45]

Thanks.. I have revised my list of stocks a bit so there always something that is in sync with the overall markets, hence the GM and UYG..

SWKS seems to have 8 written all over it.. How are you handling it?

 

[wallnbroad]

Quote from retire45:

Thanks.. I have revised my list of stocks a bit so there always something that is in sync with the overall markets, hence the GM and UYG..

SWKS seems to have 8 written all over it.. How are you handling it?

8 seems like a strong possibility although I try not to target.

The tight congestion enables me to put on some size, I have alot of option positions on at the moment so I am going to short the stock.

As far as my exit goes, I am going to watch the hourly chart for a reversal or if it hits the 8.15 area I'm out.

 

[retire45]

I will watch it.. Yes don't catch my target disease...

Took a small PCX short 128.. stop 136.

 

[retire45]

Scratched PCX... noticed they report tonight and if ANR is any indication..

 

[retire45]

Well that was smart.. PCX was down partly due to earning this morning.. Time to put down the bottle....

 

[iloveketchup]

Quote from retire45:

Stopped out .. USO, ENER, EXM

New Longs..
GM 11.75, UAUA 8.01, UYG, 19.68

New Shorts..
RTI 29.3

pulled the trigger on the GM long at 10.43. Lets see where this takes us.

What are your thoughts... 13ish in a couple days?

 

[retire45]

Yes 13-ish for GM.. How did you manage 10.43?

 

[iloveketchup]

Quote from retire45:

Yes 13-ish for GM.. How did you manage 10.43?

haha oops sorry big difference between 10.43 and 11.43.

 

[retire45]

My first trade in GM.. we'll see how it plays out.. needs to stay over 11.3..

 

[iloveketchup]

Quote from retire45:

My first trade in GM.. we'll see how it plays out.. needs to stay over 11.3..

I've only lost on autos (ford/honda), but saw your post. It seemed rational.

Target TGT also looked a little appealing today looking at their MACD turn and volume increase.

Exelon EXC is a little interesting. Compare it to USO 2 year. A bit of a over reaction. Wouldn't say buy nor short, but it has potential for an up swing whether or not oil turns. Energy is just taking a beating.