swing-day trading US stocks

Market commentary:

Good day!
Market resistance is still holding. The QQQQ couldn’t break the 20ma daily resistance area. The SPY and DIA finished under trend and previous high resistance areas.
http://www.swingcharts.net/Ivica/2006/07282006qqqq.jpg

On the QQQQ daily chart you can see the 20ma resistance area and the previous resistance which is support now, the same is with Wednesday's low. The SPY and DIA are above the 20ma and 50ma and that will be the support area now; also the previous high and trend line are still resistance areas.
http://www.swingcharts.net/Ivica/2006/07282006spy.jpg

They are all very close. The daily charts are really a mess. Moving averages are all around; previous resistance is now support, previous highs and trend lines. That can tell us a lot about tomorrow expectations.
http://www.swingcharts.net/Ivica/2006/07282006dia.jpg

For sure it will be harder day for swing traders since I don’t expect a lot opportunities. I believe that we will have the same type day as we had last 2 days. Whippy intraday actions which will be the norm for day and scalp traders. I will continue to follow the market action and I will compare that with any interesting stock charts, and then I will decide if there is a trade opportunity. In this market action I’m very happy with “own way” stocks, and that is my main occupation after I do market scanning.

Good luck trading today!!!!

Ivica

As always I will be in room just prior to the market open and I am always available via email if you have any questions.


IMPORTANT: Take only opportunities what you really like and you really understand trading plan. If you will have questions always can ask me, but isn’t good way to be successful if you will take trades without understanding. That is very important. Only few trades are enough for successful trader, they don’t need a ton every day. I personally take mostly swing trades. You must have that always in your mind.


Watch list for 07/27/2006

LONG:
Swing possibilities (ST-PT)

GGB long above: 15.25, stop under: 14.83, target: 17 areas ST http://www.swingcharts.net/Ivica/2006/07282006ggb.jpg
CRA long above: 13.50, stop under: 12.75 (13.15 aggressive), target: ST http://www.swingcharts.net/Ivica/2006/07282006cra.jpg
APH long above: 56.35, stop under: 55.40, target: 58 areas (60 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07282006aph.jpg


Day trade possibilities (DT-ST)

MRX long above: 26.20, stop under: 25.84, target: 27 areas DT http://www.swingcharts.net/Ivica/2006/07282006mrx.jpg

SHORT:
Swing possibilities (ST-PT)

KSS short under: 54.06, stop above: 54.80, target: open ST http://www.swingcharts.net/Ivica/2006/07282006kss.jpg
CBK short under: 26.09, stop above: 27.06, target: open ST http://www.swingcharts.net/Ivica/2006/07282006cbk.jpg

Day trade possibilities (DT-ST)

WTS short under: 28.40, stop above: 29.12, target: 26.50 areas (25 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07282006wts.jpg
SAFC short under: 52.91, stop above: 53.12, target: 52 areas DT http://www.swingcharts.net/Ivica/2006/07282006safc.jpg


Watch ideas:

Long: AKAM, CYT, ECL, DLP, OSIP, CMCSA
Short: ROH, TEH

Good luck
Ivica Juracic
 
Thanks for the reply ivica. What's that room you mentioned?

Quote from ivica:

First of all I want to say that I'm not US citizen and that English isn't my first language, and hope that won’t be a problem.

Yes I do manually scanning every day after market close. I go over all sectors and look every daily chart. When I find what is interesting for me I go over other time frames, and if the whole picture is ok for me I will use it.

About my long ideas, situation is very clear. In any kind of market we will have long possibilities, Always will be stocks with "own way" without care what market do. I try to find those. I feel better when I'm in long trade, but lately I really didn’t find much of shorts and that is reason. No specific other reason. Can be uptrend market and I will have more shorts, depend on moment. It is important to follow market and chart what you like and see is it stronger or weaker then market action. In room yesterday I just talk about AKAM. As example, look market weekly chart (QQQQ, DIA, SPY), and take a look on AKAM weekly chart. You can see divergence...and AKAM have own way, same as N. So on bigger time frame I still see number interesting longs. Hope that will not change, because I like more longs then shorts, generally.

Hope this help, and again sry about language mistakes

Also glad you like my ideas.:)

Ivica
More...
 
Hi all,

I have my room , I have my place but really will not be fair to ET to give it here. If anyone have any question allways can send me private message or email with any question.

Really glad people like what I post here because I'm sure that is good long term profitable style, and I'm sure in that because of my own experience.


Wish all good trading

Ivica
 
Market commentary:

Good day!
We had a really nice day in the trading room. The watch list setups are also going very well and I think they will continue to do well if the market breaks the over head resistance

http://www.swingcharts.net/Ivica/2006/07312006qqqq.jpg

This move up is whippy because of all those resistances and every day it seems one resistance is broken. The QQQQ had problems with the 20ma on daily chart. At the end of the day it finally closed the day above it.

http://www.swingcharts.net/Ivica/2006/07312006spy.jpg

The SPY and DIA are still in the resistance areas which are clearly visible on the daily charts. My bias for Monday is to continue to move up in the morning. After this initial move I do not know.
http://www.swingcharts.net/Ivica/2006/07312006dia.jpg

I do know that for any new move up the market needs rest (consolidation) on daily charts. Consolidation will bring us a pattern which is important for us to predict any future move. Market action is still effected with earnings and summer trading and because of that we need to use the proper risk.


Good luck trading today!!!!

Ivica

As always I will be in our room just prior to the market open and I am always available via email if you have any questions.


IMPORTANT: Take only opportunities that you really like and understand. Always enter a trade with a trading plan. If you have questions you can always ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Only a few trades are enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally take mostly swing trades. You must have that always in your mind.


Watch list for 07/31/2006

LONG:
Swing possibilities (ST-PT)

ACN long above: 29.00, stop under: 28.25, target: 32.00 areas ST http://www.swingcharts.net/Ivica/2006/07312006acn.jpg
ASH long above: 67.12, stop under: 64.50, target: open ST http://www.swingcharts.net/Ivica/2006/07312006ash.jpg
NFP long above: 45.50, stop under: 45.00, target: 48 areas (50 areas) ST http://www.swingcharts.net/Ivica/2006/07312006nfp.jpg


Day trade possibilities (DT-ST)

BK long above: 34.04, stop under: 33.80, target: 35 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006bk.jpg
BOH long above: 50.00, stop under: 49.65, target: 50.50 – 51.00 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006boh.jpg
CROX long above: 27.00, stop under: 26.60, target: 28 areas DT http://www.swingcharts.net/Ivica/2006/07312006crox.jpg
MAT long above: 18.00, stop under: 17.80, target: 18.50 areas (20 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07312006mat.jpg


SHORT:
Swing possibilities (ST-PT)

AH short under: 52.13 stop above: 52.86, target: 50 areas ST http://www.swingcharts.net/Ivica/2006/07312006ah.jpg
CCL short under: 39.52, stop above: 39.94, target: 37.50 areas ST http://www.swingcharts.net/Ivica/2006/07312006ccl.jpg

Day trade possibilities (DT-ST)

NCS short under: 47.91 stop above: 48.25, target: 45.50 – 45.00 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006ncs.jpg
RCL short under: 34.25, stop above: 34.83, target: 32.50 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006rcl.jpg


Watch ideas:

Long: ACGL, IO, MLI, MYOG, SPAR, JCOM, ESI
Short: ARA, HLT, CWTR, ZUMZ, HIBB, CHRS, CBRL

Good luck
Ivica Juracic

DT - day trade
ST – swing trade
PT – position trade
DT-ST – starting with day trade and can turn to swing trade
ST-PT – staring with swing trade and can turn to position trade

Daily watch list tracking records:
http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July
 
IMPORTANT: Take only opportunities that you really like and understand. Always enter a trade with a trading plan. If you have questions you can always ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Only a few trades are enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally take mostly swing trades. You must have that always in your mind.


Watch list for 08/01/2006

LONG:
Swing possibilities (ST-PT)

ASH long above: 67.12, stop under: 65.75, target: open ST http://www.swingcharts.net/Ivica/2006/08012006ash.jpg
NFP long above: 45.50, stop under: 44.50, target: 48 areas ST http://www.swingcharts.net/Ivica/2006/08012006nfp.jpg
DD long above: 39.16, stop under: 42.00, target: 30 areas PT http://www.swingcharts.net/Ivica/2006/08012006dd.jpg
ARRY long above: 8.50, stop under: 8.16, target: 10 areas ST http://www.swingcharts.net/Ivica/2006/08012006arry.jpg

Day trade possibilities (DT-ST)

ROH long above: 46.26, stop under: 46.00, target: 47.00 areas http://www.swingcharts.net/Ivica/2006/08012006roh.jpg


SHORT:
Swing possibilities (ST-PT)


Day trade possibilities (DT-ST)

ZUMZ short under: 29.66, stop above: 30.67, target: 27 areas DT-ST http://www.swingcharts.net/Ivica/2006/08012006zumz.jpg
DVA short under: 49.70, stop above: 50.24, target: 48 areas DT-ST http://www.swingcharts.net/Ivica/2006/08012006dva.jpg


Watch ideas:

Long: HOC, MENT
Short: PFG, ASTE

Good luck
Ivica Juracic


DT - day trade
ST – swing trade
PT – position trade
DT-ST – starting with day trade and can turn to swing trade
ST-PT – staring with swing trade and can turn to position trade

Daily watch list tracking records:

http://www.swingcharts.net/Ivica/2006/dwl052006.htm - for May
http://www.swingcharts.net/Ivica/2006/dwl062006.htm - for June
http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July


If anyone need more information and have questions allways can send me private message
 
Market commentary:

Good day!
Yesterday we had a typical summer trading day. After intraday down trend at the start, the market fell into range action for the rest of day. That is the reason I continue to say it is important to trade defensively during the summer. The market will always be here and the most important thing is to remain in the game by not losing all of your trading capital.
http://www.swingcharts.net/Ivica/2006/08022006qqqq.jpg

On daily charts the QQQQ remained above the 10ma support area and still looks to be the weakest of all the indexes. The SPY and DIA look stronger.
http://www.swingcharts.net/Ivica/2006/08022006spy.jpg

On the daily chart SPY stayed above 200ma support area and DIA above 200sma on the15 min chart. Generally, daily resistances are still holding. Last week we saw that some of resistance areas were broken, and that areas are now the support areas. Now we have same situation.
http://www.swingcharts.net/Ivica/2006/08022006dia.jpg

Market right now is holding in lot of daily support/resistance areas. I don’t expect a strong move in any direction during August. From my experience this is the worse month for trading. I will trade small and with very small risk over August.

Good luck trading today!!!!

Ivica

As always I will be in our room just prior to the market open and I am always available via email if you have any questions.


IMPORTANT: Take only opportunities that you really like and understand. Always enter a trade with a trading plan. If you have questions you can always ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Only a few trades are enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally take mostly swing trades. You must have that always in your mind.


Watch list for 08/02/2006

LONG:
Swing possibilities (ST-PT)

GDW long above: 74.85, stop under: 72.00, target: open ST http://www.swingcharts.net/Ivica/2006/08022006knl.jpg
Earning date: July 20, 2006


Day trade possibilities (DT-ST)

BRO long above: 31.50, stop under: 31.25, target: 32.00 areas DT http://www.swingcharts.net/Ivica/2006/08022006bro.jpg
Earning date: July 24, 2006


SHORT:
Swing possibilities (ST-PT)

HXL short under: 13.82, stop above: 14.50, target: 12 areas ST http://www.swingcharts.net/Ivica/2006/08022006hxl.jpg
Earning date: July 24, 2006

DD short under: 39.16, stop above: 42.30, target: 30 areas PT http://www.swingcharts.net/Ivica/2006/08022006dd.jpg
Earning date: Oct 24, 2006

KNL short under: 17.10, stop above: 17.35, target: 16 areas ST http://www.swingcharts.net/Ivica/2006/08022006knl.jpg
Earning date: July 24, 2006


Day trade possibilities (DT-ST)

FFIV short under: 44.71, stop above: 45.13, target: 43 areas DT-ST http://www.swingcharts.net/Ivica/2006/08022006ffiv.jpg
Earning date: Oct 25, 2006



Watch ideas:

Long: GRP, WFC
Short: NCR, ADS, PNRA, BOOM

Good luck
Ivica Juracic

If anyone have any question or any comment can contact me on danded2005@inet.hr

DT - day trade
ST – swing trade
PT – position trade
DT-ST – starting with day trade and can turn to swing trade
ST-PT – staring with swing trade and can turn to position trade


Daily watch list tracking records:

http://www.swingcharts.net/Ivica/2006/dwl052006.htm - for May
http://www.swingcharts.net/Ivica/2006/dwl062006.htm - for June
http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July
 
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