swing-day trading US stocks

Market commentary:

Good day!
Yesterday's action was in the line with expectations. After lunch the market started to correct. All the indices are now in the overbought area and they need rest (consolidation). I will expect a similar type action during the next several days. Trading during a market correction is always higher risk and keep that in mind during the next few days. There will always be opportunities, but it is always less risk when you have the market support. It is now important to follow the market consolidation and from that we can expect the next move. It will depend on the pattern that will develop. For a low risk setup on the long side we need at least 3-5 days, and everything else until then I will treat as a day trade. Tomorrow is also option an expiration day. With that in mind I expect whippy intraday action. Remember tomorrow is still Friday during the summer so be careful and trade accordingly.

http://www.swingcharts.net/Ivica/2006/08182006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08182006spy.jpg
http://www.swingcharts.net/Ivica/2006/08182006dia.jpg

I am always available via email if you have any questions.

Good luck trading today!!!!
Ivica

p.s. My apologies for the mistakes. Those who follow my work know that English isn’t my 1st language, but I’m learning

. :)

Watch list for 08/18/2006

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind.

LONG:
Swing possibilities (ST-PT)

DHR long above: 66.30, stop under: 62.00, target: 80 areas PT http://www.swingcharts.net/Ivica/2006/08182006dhr.jpg
Earning date: Oct 19, 2006

CAH long above: 68.00, stop under: 66.00, target: 72 areas ST http://www.swingcharts.net/Ivica/2006/08182006cah.jpg
Earning date: Aug 03, 2006

ANR long above: 18.00, stop under: 17.00, target: 20 areas ST http://www.swingcharts.net/Ivica/2006/08182006anr.jpg
Earning date: Aug 01, 2006

CMS long above: 14.25 (14.11 aggressive), stop under: 13.90, target: 15 areas ST http://www.swingcharts.net/Ivica/2006/08182006cms.jpg
Earning date: Aug 03, 2006

LTR long above: 37.00, stop under: 36.75 (20sma daily), target: 38.00 (40 areas) ST http://www.swingcharts.net/Ivica/2006/08182006ltr.jpg
Earning date: Aug 01, 2006

Day trade possibilities (DT-ST)

I will send few charts with daily continuation patterns and intraday consolidations. First like to see action at the open and because of that I didn’t send trading plans for them. Those who understand the charts will find way how to use it.

MOLX - http://www.swingcharts.net/Ivica/2006/08182006molx.jpg
AAP - http://www.swingcharts.net/Ivica/2006/08182006aap.jpg
AH - http://www.swingcharts.net/Ivica/2006/08182006ah.jpg

SHORT:
Swing possibilities (ST-PT)

WMT short under: 44.00, stop above: 45.00, target: open ST http://www.swingcharts.net/Ivica/2006/08182006wmt.jpg
Earning date: Nov 14, 2006

FINL short under: 10.92, stop above: 11.22, target: 10 areas ST http://www.swingcharts.net/Ivica/2006/08182006finl.jpg
Earning date: sep 21, 2006

Day trade possibilities (DT-ST)

GNA short under: 9.50, stop above: 9.75, target: 9 areas (8.50 areas) DT-ST http://www.swingcharts.net/Ivica/2006/08182006gna.jpg
Earning date: Nov 07, 2006

Watch ideas:
Long: WLK, NTRS
Short: BOOM, ADM, UCO

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/dwl082006.htm - for August
 
Market commentary:

Good day!
Hope you all preserved the trading capital over the Friday trading hours, because we had high risk trading day. The market opened with weak action and strong intraday selling pace. Over the noon after consolidations at intraday lows indices back to daily highs. But all that action was very risky and choppy and because of that high risk I was not much active. The daily charts need more rest before any low risk setup, and because of that I will expect similar situation at the start of the next week. On the daily charts you can see that indices have more room for move up, but without daily consolidation that will be mostly opportunities for the day traders and the scalp traders. So until indices won’t give us pattern on the daily charts swing traders will have harder time. Unless if we will be in “own way” trade.

http://www.swingcharts.net/Ivica/2006/08212006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08212006spy.jpg
http://www.swingcharts.net/Ivica/2006/08212006dia.jpg

I am always available via email if you have any questions.

Good luck trading today!!!!
Ivica

p.s. My apologies for the mistakes. Those who follow my work know that English isn’t my 1st language, but I’m learning

. :)

Watch list for 08/21/2006

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind.

LONG:
Swing possibilities (ST-PT)

Q long above: 8.79, stop under: 8.50, target: 10 areas ST http://www.swingcharts.net/Ivica/2006/08212006q.jpg
Earning date: Aug 01, 2006

PQ long above: 12.00, stop under: 11.75, target: 13 areas ST http://www.swingcharts.net/Ivica/2006/08212006pq.jpg
Earning date: Aug 02, 2006

HUM long above: 60.10, stop under: 59.00 (59.70 aggressive), target: 70 areas ST http://www.swingcharts.net/Ivica/2006/08212006hum.jpg
Earning date: Oct 30, 2006

Day trade possibilities (DT-ST)

AKAM long above: 40.00, stop under: 39.70 (39.00 for swing), target: 42 areas (50 areas) DT-ST http://www.swingcharts.net/Ivica/2006/08212006akam.jpg
Earning date: July 26, 2006

CRA long above: 14.17, stop under: 13.95, target: 15 areas DT-ST http://www.swingcharts.net/Ivica/2006/08212006cra.jpg
Earning date: July 27, 2006

SHORT:
Swing possibilities (ST-PT)

WMT short under: 44.00 (44.30 aggressive), stop above: 45.00, target: open ST http://www.swingcharts.net/Ivica/2006/08212006wmt.jpg
Earning date: Nov 14, 2006

FINL short under: 10.92, stop above: 11.22, target: 10 areas ST http://www.swingcharts.net/Ivica/2006/08212006finl.jpg
Earning date: Sep 21, 2006

Watch ideas:
Long: -
Short: BOOM, SHLD, DAKT

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/dwl082006.htm - for August
 
Few examples what we had from watch list his month:

ACL
Setup at 08/11/2006.
Long above: 111.00, stop under: 109.80, target 115 areas, exit: 114.90, r/r: 2.92
Setup chart:
http://www.swingcharts.net/Ivica/2006/08112006acl.jpg
Exit chart:
http://www.swingcharts.net/Ivica/2006/08212006acl.jpg

ADS
Setup at 08/07/2006.
Short under: 51.40, stop above: 52.58, target: 45.00 areas, exit: 48.45, r/r: 2.92
Setup chart:
http://www.swingcharts.net/Ivica/2006/08072006ads.jpg
Exit chart:
http://www.swingcharts.net/Ivica/2006/08212006ads.jpg

BZH
Setup at 07/07/2006.
Short under: 44.50, stop above: 45.50, target: 40.00 areas, exit: 39.05, r/r: 5.19
Setup chart:
http://www.swingcharts.net/Ivica/2006/07072006bzh.jpg
Exit chart:
http://www.swingcharts.net/Ivica/2006/08212006bzh.jpg

HNR
Setup at 08/08/2006.
Short under: 12.62, stop above: 12.90, target 12.00 areas, exit: 11.05, r/r: 6.71
Setup chart:
http://www.swingcharts.net/Ivica/2006/08082006hnr.jpg
Exit chart:
http://www.swingcharts.net/Ivica/2006/08212006hnr.jpg

GSF
Setup at 08/09/2006.
Short under: 50.00, stop above: 51.00, target: 47.50 areas, exit: 47.55, r/r: 2.29
Setup chart:
http://www.swingcharts.net/Ivica/2006/08092006gsf.jpg
Exit chart:
http://www.swingcharts.net/Ivica/2006/08212006gsf.jpg

Good luck
Ivica jUracic
 
Market commentary:

Good day!
Indices are starting with consolidation on daily charts. I will expect similar action next days. Tomorrow will be last watch list from me for this week. I will take few days off to visit my family and I will be back next week.

http://www.swingcharts.net/Ivica/2006/08222006qqqq.jpg http://www.swingcharts.net/Ivica/2006/08222006spy.jpg http://www.swingcharts.net/Ivica/2006/08222006dia.jpg

I am always available via email if you have any questions.

Good luck trading today!!!!
Ivica

p.s. My apologies for the mistakes. Those who follow my work know that English isn’t my 1st language, but I’m learning

. :)


Watch list for 08/22/2006

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind.

LONG:
Swing possibilities (ST-PT)

TXCO long above: 12.40, stop under: 11.80, target: 15 areas ST http://www.swingcharts.net/Ivica/2006/08222006txco.jpg
Earning date:

CAH, CHAP and Q still valid
http://www.swingcharts.net/Ivica/2006/08222006cah.jpg http://www.swingcharts.net/Ivica/2006/08222006chap.jpg http://www.swingcharts.net/Ivica/2006/08222006q.jpg

SHORT:
Swing possibilities (ST-PT)

SHLD short under: 140.00 (141 aggressive), stop above: 142.50, target: open ST http://www.swingcharts.net/Ivica/2006/08222006shld.jpg
Earning date: Aug 17, 2006

BOOM short under: 31.13 (31.30 aggressive), stop above: 32.00 (31.60 aggressive), target: open ST http://www.swingcharts.net/Ivica/2006/08222006boom.jpg
Earning date: Aug 03, 2006

FINL still valid http://www.swingcharts.net/Ivica/2006/08222006finl.jpg

Watch ideas:
Long: GLG, NWL, GMR, OS
Short: -

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/dwl082006.htm - for August
 
Good day all!

I like to explain one example what I had last week on watch list. That is Loews Corp. (LTR)
LTR was on long list and had setup at 18th August 2006 above: 37.00 with stop under 36.70. I had 2 targets, first was at 38 areas and second at 40 areas. Under is daily LTR chart.

http://www.swingcharts.net/Ivica/2006/08182006ltr.jpg

You can see that we seen 1st target area and I closed that trade because of market action and commonly August trading action. With 1st target area I got nice risk/reward (2.66).
http://www.swingcharts.net/Ivica/2006/dwl082006.htm - for August
Those who follow me know that is for me main measure for the success. But LTR stayed on my watch list and after touched 38 areas LTR now forming another base on daily chart.

http://www.swingcharts.net/Ivica/2006/08282006ltr.jpg

So you can see on daily chart that second target area is still valid and for those who stayed in that swing trade still look very nice and they can move stop under daily base.
Those who closed trade as me, they can look for another setup above: 38.00, with stop under 37.80 areas and they can use it for daily continuation with target at 40 area, but also can use is as day trade with target at 38.50 area. That is still good risk/reward opportunity.

http://www.swingcharts.net/Ivica/2006/08282006ltr30min.jpg

On the 30 min LTR chart you can see day trade opportunity and on daily chart you can see swing opportunity.

This is example of swing trade opportunity, but that not mean that day traders cant use those ideas. Every swing trade chart has few day trades inside of swing move. That is very important for day traders because they can always use intraday moves.

Ivica Juracic

p.s. My apologies for the grammar mistakes. Those who follow my work know that English isn’t my 1st language, but I’m learning.
 
Market commentary:

Good day!
A strong run up in the indices last week formed the bull flag consolidation pattern and touched the 10sma daily support area. Since the upside move was stronger than usual I would like to see more daily consolidation before any possible move up. If the indices try to break out on Monday then there is a high possibility that we will see a double top pattern on the daily chart. Because of that I would like to see consolidation action similar to last week until the 20sma daily support area moves up. Generally I like to have the 20sma as support on every time frame, no matter if it's the 5 min chart for a day trade or the weekly chart for a position trade.
Another scenario that we could see is a strong bounce from the 10sma daily support area to new daily highs. For hat scenario I'd like to see strong volume as support; however, that will be a higher risk situation because of the double top possibility mentioned earlier. For me this means I will enter swing trades with smaller lots and add if we see good market reaction.

http://www.swingcharts.net/Ivica/2006/08282006qqqq.jpg http://www.swingcharts.net/Ivica/2006/08282006spy.jpg http://www.swingcharts.net/Ivica/2006/08282006dia.jpg

I am always available via email if you have any questions.
Good luck trading today!!!!

Ivica

p.s. My apologies for the mistakes. Those who follow my work know that English isn’t my 1st language, but I’m learning
. :)

Watch list for 08/28/2006

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!

LONG:
Swing possibilities (ST-PT)

Q long above: 8.80, stop under: 8.50, target: 10 areas ST http://www.swingcharts.net/Ivica/2006/08282006q.jpg
Earning date: Aug 01, 2006

GLG long above: 39.54, stop under: 36.30, target: 50 areas ST http://www.swingcharts.net/Ivica/2006/08282006glg.jpg
Earning date: July 31, 2006

LTR long above: 38.00, stop under: 37.80, target: 40 areas ST http://www.swingcharts.net/Ivica/2006/08282006ltr.jpg
http://www.swingcharts.net/Ivica/2006/08282006ltr30min.jpg
Earning date: Aug 01, 2006

MDR long above: 50.00, stop under: 47.75, target: open ST http://www.swingcharts.net/Ivica/2006/08282006mdr.jpg
Earning date: Aug 07, 2006

ACLS long above: 6.05, stop under: 5.80, target: 7 areas ST, 10 areas PT http://www.swingcharts.net/Ivica/2006/08282006acls.jpg
Earning date: Nov 01, 2006

Day trade possibilities (DT-ST)

FCX long above: 57.67, stop under: 57.30, target: 60 areas DT-ST http://www.swingcharts.net/Ivica/2006/08282006fcx.jpg
Earning date: July 18, 2006

BXP long above: 100.00, stop under: 99.50, target: 101 areas DT http://www.swingcharts.net/Ivica/2006/08282006bxp.jpg
Earning date: July 26, 2006

SHORT:
Swing possibilities (ST-PT)

RCL short under: 32.47, stop above: 32.90, target: 31 areas DT, 30 areas ST
http://www.swingcharts.net/Ivica/2006/08282006rcl.jpg
Earning date: July 27, 2006

LRCX short under: 39.65, stop above: 41.20, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/08282006lrcx.jpg
Earning date: July 19, 2006

VSH short under: 13.20, stop above: 13.47, target: 12.50 areas ST http://www.swingcharts.net/Ivica/2006/08282006vsh.jpg
Earning date: Aug 01, 2006

Day trade possibilities (DT-ST)

NTGR short under: 19.07, stop above: 19.30, target: 18.50 areas DT, 16.50 areas ST http://www.swingcharts.net/Ivica/2006/08282006ntgr.jpg
Earning date: July 27, 2006

Watch ideas:

Long: BOOM, NWL, RIMM, K, AET, ONXX, QCOM, SPG,
Short: BG, CMC, GOOG

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
http://www.swingcharts.net/Ivica/2006/dwl062006.htm
http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July
http://www.swingcharts.net/Ivica/2006/dwl082006.htm - for August
 
Market commentary for 08/29/2006:

Good day!
Yesterday we saw action that I didn't like. The indices tried to break out from the daily consolidations (bull flags) too early for the low risk setup. You can see on daily charts that the previous high's resistance area held which will bring additional risk to the long side of the market. Because of this I expect more days of choppy intraday action. I mentioned this scenario in yesterday's market commentary; and as suggested, I opened new swing positions with small lots. Generally speaking, the indices didn't rest enough for a safe move up which brings too much risk for my style. This market is more for smaller time frame daytraders or scalp traders. Please keep that in mind for tomorrow as I expect more range action with more intraday weakness. As always however, I will do what the market tells me to do regardless of what I think should be happening.

http://www.swingcharts.net/Ivica/2006/08292006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08292006spy.jpg
http://www.swingcharts.net/Ivica/2006/08292006dia.jpg


Good luck trading today!!!!
Ivica

p.s. My apologies for the mistakes. Those who follow my work know that English isn’t my 1st language, but I’m learning

. :)

Watch list for 08/29/2006

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!

LONG:
Swing possibilities (ST-PT)

STSA long above: 33.97, stop under: 32.90, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/08292006stsa.jpg
Earning date: July 24, 2006

NWL long above: 26.92, stop under: 26.40, target: open ST http://www.swingcharts.net/Ivica/2006/08292006nwl.jpg
Earning date: July 27, 2006

DHR long above: 66.40, stop under: 64.50, target: open ST http://www.swingcharts.net/Ivica/2006/08292006dhr.jpg
Earning date: Oct 19, 2006

ABBI long above: 24.25, stop under: 23.00, target: open ST http://www.swingcharts.net/Ivica/2006/08292006abbi.jpg
Earning date: Aug 03, 2006

CHK long above: 33.75, stop under: 26.80, target: open PT http://www.swingcharts.net/Ivica/2006/08292006chk.jpg
Earning date: July 27, 2006

Q and ACLS from yesterday still valid
http://www.swingcharts.net/Ivica/2006/08282006q.jpg
http://www.swingcharts.net/Ivica/2006/08282006acls.jpg

Watch ideas:

Long:
http://www.swingcharts.net/Ivica/2006/08292006akam.jpg
http://www.swingcharts.net/Ivica/2006/08292006vrtx.jpg
http://www.swingcharts.net/Ivica/2006/08292006tzoo.jpg
http://www.swingcharts.net/Ivica/2006/08292006dyn.jpg
http://www.swingcharts.net/Ivica/2006/08292006nty.jpg
http://www.swingcharts.net/Ivica/2006/08292006tri.jpg
http://www.swingcharts.net/Ivica/2006/08292006csgs.jpg
http://www.swingcharts.net/Ivica/2006/08292006qcom.jpg

Short:
http://www.swingcharts.net/Ivica/2006/08292006shld.jpg
http://www.swingcharts.net/Ivica/2006/08292006isrg.jpg

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
http://www.swingcharts.net/Ivica/2006/dwl062006.htm
http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July
http://www.swingcharts.net/Ivica/2006/dwl082006.htm - for August
 
Good day all!
I'd like to show another good risk/reward example that you have seen on the watch lists. This is the FINL trade that we had on 22nd August 2006.

http://www.swingcharts.net/Ivica/2006/08222006finl.jpg

On the daily chart you see consolidation around the $11 support area. FINL had a nice move down before that consolidation. The projected breakdown support area was $10. With an earnings report due on Aug 25th, the trade was closed after FINL hit 10.09 during the day and retraced. The setup was short under 10.92 with a stop above 11.22. The risk/reward ratio was ~2.3

http://www.swingcharts.net/Ivica/2006/08282006finl.jpg

Be sure to always consider the risk/reward ratio in all of your trades and how important it is for your long term success as a trader.

Good trading.
Ivica Juracic
 
Good day all!

I like to explain one example what I had last week on watch list. That is Loews Corp. (LTR)
LTR was on long list and had setup at 18th August 2006 above: 37.00 with stop under 36.70. I had 2 targets, first was at 38 areas and second at 40 areas. Under is daily LTR chart.

http://www.swingcharts.net/Ivica/2006/08182006ltr.jpg

You can see that we seen 1st target area and I closed that trade because of market action and commonly August trading action. With 1st target area I got nice risk/reward (2.66).
http://www.swingcharts.net/Ivica/2006/dwl082006.htm - for August
Those who follow me know that is for me main measure for the success. But LTR stayed on my watch list and after touched 38 areas LTR now forming another base on daily chart.

http://www.swingcharts.net/Ivica/2006/08282006ltr.jpg

So you can see on daily chart that second target area is still valid and for those who stayed in that swing trade still look very nice and they can move stop under daily base.
Those who closed trade as me, they can look for another setup above: 38.00, with stop under 37.80 areas and they can use it for daily continuation with target at 40 area, but also can use is as day trade with target at 38.50 area. That is still good risk/reward opportunity.

http://www.swingcharts.net/Ivica/2006/08282006ltr30min.jpg

On the 30 min LTR chart you can see day trade opportunity and on daily chart you can see swing opportunity. For now second setup going very nice!!!!

This is example of swing trade opportunity, but that not mean that day traders can’t use those ideas. Every swing trade chart has few day trades inside of swing move. That is very important for day traders because they can always use intraday moves.


Ivica Juracic
 
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