Snake Oil Infomercial

[10:49] <brandon> start big go to small
[10:49] <brandon> on the daily chart we see that we have a few things going on
[10:49] <brandon> decent uptrend
[10:49] <brandon> new 20 days high
[10:49] <brandon> the trap
[10:50] <brandon> we will get it to you this week rubin
[10:50] <brandon> the traps are sprung when you have one day that opens at the high and closes at the low
[10:50] <brandon> (or very close)
[10:50] <brandon> then sometime in the next day or two it goes above that high
[10:50] <brandon> this springs a trap
[10:51] <brandon> its a very powerful setup[10:51] <brandon> now we go intraday to look for our setup
[10:51] <brandon> we see that CAT gapped up nicely
[10:51] <brandon> and not only that
[10:51] <brandon> but it held its gap
[10:51] <brandon> that is the most important things
[10:51] <brandon> stocks that hold their gaps are the strongest in the market
[10:51] <brandon> nothing moves straight
[10:51] <brandon> so you look for the resting period
[10:51] <brandon> which you can see here in CAT as it based sideways
[10:51] <brandon> we then bought the breakout
 
I ended up doing a few more trades. I still was screwing up on my exits though, but did manage to add $$ to my total.

KLAC Long $46.08. Out $46.30. +$0.22
XLNX Short $25.96. Out $25.62. + $0.34
CCK Long $7.22. Out $7.10. -$0.12
APOL Long $61.28. Out $61.40. + $0.12
EBAY short $100.08. OUt $99.85 + $0.23
FRNT Long $8.52. Out $8.41. -$0.11
LNCR Long $32.60. Out $32.80. +$0.20
CAT Long $56.97. Out $57.46 +$0.48
TXU Long $22.43. Out $22.68. + $0.25
APCC Long $16.96. Out $16.90. -$0.06
ERTS Long $75.80. Out $76.12 $0.32
USAI Long $38.12. Out $38.34 +$.22

Days Total $2.09 on 12 trades.

if anyone has questions on any of the trades please ask.

brandon
 
VTSS Long $5.26. Average exit $5.56 +$0.30
ADBE Short $31.89. Exit $32.08. -$0.19
CHKP Long $20.57. Average Exit $20.85. +$0.28
YHOO Long $30.48. Exits $30.71 +$0.23

Total: Gain $0.62
 
[09:25] <Brandon> QCOM basically has a version of the setup Im always trading
[09:25] <Brandon> thats is that it gapped up this morning and has held its gap
[09:25] <Brandon> this is the most important thing because most stocks will do the average thing and fill the gap in
[09:25] <Brandon> only the strongest ones do not fill
[09:26] <Brandon> so stocks that gap up and hold should go on a special list of stong stocks
[09:26] <Brandon> and when you see a setup
[09:26] <Brandon> you can trade it
[09:26] <Brandon> setups occur when there is a resting period
[09:26] <Brandon> that can occur with time or price
[09:26] <Brandon> time by going sideways
[09:26] <Brandon> making a base which is what we are normally trading
[09:26] <Brandon> price by making a retest pattern such as a flag

 

Attachments

GENR -Long- $2.50. Out $2.48. -$0.02
QCOM -Long- $37.52. Out $37.88. +$0.36
GENZ -short - $44.45. Out $44.06 + $0.39

Total + $0.73

Brandon
 
GENR -Long- $2.50. Out $2.48. -$0.02
QCOM -Long- $37.52. Out $37.88. +$0.36
GENZ -short - $44.45. Out $44.06 + $0.39
PIXR -short $60.00. Out $59.72 + $0.28
HON -short $28.24. Out $28.05. +$0.19
CHKP -short $20.24. Out $20.05 + $0.19

Days Total: $1.39
 
I will be in for the open tomorrow but I doubt I will trade anything. I don't like options expirations, so most likely the week is done for me. Here is the weekly recap on trades.

Thursday

GENR -Long- $2.50. Out $2.48. -$0.02
QCOM -Long- $37.52. Out $37.88. +$0.36
GENZ -short - $44.45. Out $44.06 + $0.39
PIXR -short $60.00. Out $59.72 + $0.28
HON -short $28.24. Out $28.05. +$0.19
CHKP -short $20.24. Out $20.05 + $0.19

Days Total: $1.39

Weds

VTSS Long $5.26. Average exit $5.56 +$0.30
ADBE Short $31.89. Exit $32.08. -$0.19
CHKP Long $20.57. Average Exit $20.85. +$0.28
YHOO Long $30.48. Exits $30.71 +$0.23

Total: Gain $0.62

Tuesday

Long CHTR $3.35. Out $3.33 -$0.02
Long WMT $55.34. Out $55.20. - $0.14

Days Total: Loss of $0.16

Monday

KLAC Long $46.08. Out $46.30. +$0.22
XLNX Short $25.96. Out $25.62. + $0.34
CCK Long $7.22. Out $7.10. -$0.12
APOL Long $61.28. Out $61.40. + $0.12
EBAY short $100.08. OUt $99.85 + $0.23
FRNT Long $8.52. Out $8.41. -$0.11
LNCR Long $32.60. Out $32.80. +$0.20
CAT Long $56.97. Out $57.46 +$0.48
TXU Long $22.43. Out $22.68. + $0.25
APCC Long $16.96. Out $16.90. -$0.06
ERTS Long $75.80. Out $76.12 $0.32
USAI Long $38.12. Out $38.34 +$.22

Days Total $2.09


Total of 21 trades, 14 gains, 7 stops. Total gain of $3.94

Brandon
 
Today I was out of tune and rather sucked. No more pinapples for breakfast!

BRCM Short 25.77. Out 25.89 -.12
ORCL Long 12.97. Out 12.85 -.12
ASTM Long 1.31. Out 1.35. +.04
NVLS Long 37.05. Out 37.12. +.07
BRCM Long 26.25. Out 26.20. -.05
CHRW Long 35.32. Out 34.44. +.12
PSFT Long 18.00 Out 18.04. +.04

Total Loss of $0.02 on 7 trades.

At the start of the day the Semiconductor sector was the days second strongest. This led me to continue to focus on longs even as the market was going down. I left @ around noon and came back into the close, trading PSFT.

Brandon
 
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