swing-day trading US stocks

Really no idea what was problem, but work now. Thanks for note that. I needed some time to see post, because different time zone here.

Good luck all

Ivica Juracic



Watch list for 07/18/2006

LONG:
Swing possibilities (ST-PT)

POS long above: 28.83, stop under: 27.25, target: open ST http://www.swingcharts.net/Ivica/2006/07182006pos.jpg
TXU long above: 61.35, stop under: 58.89, target: open ST http://www.swingcharts.net/Ivica/2006/07182006txu.jpg
N from yesterday still valid
http://www.swingcharts.net/Ivica/2006/07172006n.jpg


SHORT:
Day trade possibilities (DT-ST)

BXP short under: 91.44, stop above: 92.23, target: 90 areas DT http://www.swingcharts.net/Ivica/2006/07182006bxp.jpg

Watch ideas:

Long: PNC, PWI, UST, D, RRI, BCR, ISRG, NARA
Short: MNST, ACL, CHT, RGS, GAP, VNO, ZBRA, FFIV, ITRI


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
 
Market commentary:


Good day! That was really narrow trading day. Good only for scalper and those in “own” way stocks. All day we saw just consolidation and range action mostly. You can see on charts that SPY, QQQQ, DIA stayed in support area, so not much yet from bounce.

http://www.swingcharts.net/Ivica/2006/07182006qqqq.jpg

With this action I will expect possible selling in the morning, just to flush out weak hands and nothing more. Because for more selling we need longer daily rest, or better say for safe break down.

http://www.swingcharts.net/Ivica/2006/07182006spy.jpg

http://www.swingcharts.net/Ivica/2006/07182006dia.jpg

My main occupation not changes. I will look for intraday reversal possibility. I will look for daily bounce. Intraday we can see that on two ways. That can be V bottom after possible morning selling, and also can be 15/30 min rounding action. One of those 2 scenarios will be start of intraday reversal. When we have range action like yesterday I generally wait main break and then consolidation and continuation. Reason for that is possibility of false breaks, and I try to avoid that situation. Those who know me from before know that I’m breakout trader and I look for continuations after consolidations. If anyone will have any question, always can contact me. Also is important to know that we are in earning season and that is important for swing traders to look for open positions. It is risky to stay in trade before announcements. We can use that for gap trades, traps ect what we use generally in room for intraday action.

Good luck
Ivica Juracic

p.s. apologies for any language misstakes
 
This is interesting chart for swing possibility. Right now is to early, and mean if will break soon I will took it with smaller lots because I like to see few more days of consolidation. Best is to see daily 20sma as resistance area and bounce from that. One of my favorite setups is 3rd try triangle and that si what I will look for in FFIV. Weekly and monthly chart have room for that move.

http://www.swingcharts.net/Ivica/2006/07182006ffiv.jpg

Good luck

Ivica Juracic
 
Just readed I think PD buy it, and I will wait intraday consolidation...30/60 min base, triangle or flag for any trade possibility.

Thanks for post QQQBALL :)
 
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