swing-day trading US stocks

ivica · Aug 10, 2006

Market commentary:

Good day!
We had yesterday interesting day with intraday action. The market opened with the strong gap up above previous day high and that brought us to the bear trap possibility. CSCO strong gap in the morning helped NASDAQ with gap up. But unfortunately, after strong morning situation in the market didnât hold as we want for the move up. Consolidation wasnât nice, INDU start with weakness, most sectors didnât hold well and the market started with strong move down to the Wednesday low. Most of the time strong gap like we saw in the morning will hold longer, but that wasnât situation yesterday. OK, that was whippy intraday action. Take a look on the daily chart. We donât have any bigger reaction. Still in the mixed support and resistance areas, so I will stay in the line what I told several time here. Use caution and trade small. My bias is down for tomorrow and next days, but easily can see the same choppy action on the daily charts.

http://www.swingcharts.net/Ivica/2006/08102006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08102006spy.jpg
http://www.swingcharts.net/Ivica/2006/08102006dia.jpg

I am always available via email if you have any questions. danded2005@inet.hr

Good luck trading today!!!!
Ivica

p.s. MY apologies for the mistakes. Those who follow my work know that English isnât my 1st language, but Iâm learning

.

Watch list for 08/10/2006

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)

IDT long above: 13.75, stop under: 13.20, target: 15 areas ST http://www.swingcharts.net/Ivica/2006/08102006idt.jpg
Earning date: June 07, 2006

GLG long above: 39.24, stop under: 36.80, target: 45 areas (50 areas) ST http://www.swingcharts.net/Ivica/2006/08102006glg.jpg
Earning date: July 31, 2006

SHORT:

Swing possibilities (ST-PT)

LVS short under: 60.00 stop above: 62.00, target: 55 areas ST http://www.swingcharts.net/Ivica/2006/08102006lvs.jpg
Earning date: Aug 02, 2006

Day trade possibilities (DT-ST)

ORB short under: 17.00, stop above: 17.12, target: 16.50 areas DT http://www.swingcharts.net/Ivica/2006/08102006orb.jpg
Earning date: July 20, 2006

Watch ideas:

Long: PLCM, GG, COO, MDR, AU, BMRN
Short: CJ, EK, ESV, NYT

Good luck
Ivica Juracic

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

ivica · Aug 11, 2006

Market commentary:

Good day!
I like too little talk about the risk. On the daily charts market didnât change much. We still can see the range action between the support and the resistance areas. Every day the range is tighter and tighter. With that action trading will be more and more risky. That is normal because we always have higher risk without trend, and on daily charts right now we donât have trend. Also we are in the summer trading and in the middle of August as worst month for trading (from my experience). I see every day a number of interesting charts, but they donât going well as usual and because of that and because of market action risk is higher now. Every trader must recognize the risk any moment because that is one of the most important things to be successful trader. If you know how big or small risk you have then everything else is in your hand and you can decide will you take that the risk or not. For me now is high risk and I trade very small. Usually I trade mostly swings and right now swing trades not going as usual and because of that I use very small risk. For me it is very important to save my trading capital for later when we will see some move in the market, and I know that will come. So please be careful, and donât overtrade. This isnât the market for that.

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

Good luck trading today!!!!

http://www.swingcharts.net/Ivica/2006/08112006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08112006spy.jpg
http://www.swingcharts.net/Ivica/2006/08112006dia.jpg

Ivica

p.s. MY apologies for the mistakes. Those who follow my work know that English isnât my 1st language, but Iâm learning

.

Watch list for 08/10/2006

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)

WEBM long above: 7.40, stop under: 7.20, target: 8.00 areas ST http://www.swingcharts.net/Ivica/2006/08112006webm.jpg
Earning date: July 27, 2006

PLCM long above: 22.50, stop under: 21.25, target: open ST-PT http://www.swingcharts.net/Ivica/2006/08112006plcm.jpg
Earning date: July 19, 2006

ACL long above: 111.00, stop under: 110.25, target: 113 areas for day trade, swing is open DT-ST http://www.swingcharts.net/Ivica/2006/08112006acl.jpg
Earning date: Oct 23, 2006

Day trade possibilities (DT-ST)

AXS long above: 30.58, stop under: 30.40, target: 31 areas DT http://www.swingcharts.net/Ivica/2006/08112006axs.jpg
Earning date: Aug 07, 2006

SHORT:

Swing possibilities (ST-PT)

UPL short under: 53.50 stop above: 56.00 (55.00 aggressive), target: open ST http://www.swingcharts.net/Ivica/2006/08112006upl.jpg
Earning date: Aug 01, 2006

CNI short under: 39.42, stop above: 40.30, target: 37.50 â 37 areas ST http://www.swingcharts.net/Ivica/2006/08112006cni.jpg
Earning date: July 20m 2006

Day trade possibilities (DT-ST)

WTI short under: 31.29, stop above: 32.00, target: 30 areas DT-ST http://www.swingcharts.net/Ivica/2006/08112006wti.jpg
Earning date: Aug 09, 2009

Watch ideas:

Long: PD, POT, MDR, MRK
Short: CCJ, PMI, MDC, THX, GMRN

Good luck
Ivica Juracic

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

ivica · Aug 12, 2006

Apologies because of a grammar mistakes. Those who follow my work know that English isnât my 1st language, but Iâm learning. Hope that won't be a problem with following the CNI explanation.

I like to show how I scan for the watch list ideas after market close and what I try to find.

There is a number good trades what you can see from tracking records in watch list every day and from the charts you can see that is not the fake, but today I want to show in the example what could happen and it is on watch list for the Monday.

That is the CNI example. I had it on the Thursday watch list. I liked daily breakdown possibility.
http://www.swingcharts.net/Ivica/2006/08142006cni.jpg

You can see nice move down on the daily chart. After that CNI is in the consolidation and $40 is obviously the support area. When I see on my after hours scanning that situation I mark that chart and then I go over my scanning screen to see the whole picture.
http://www.swingcharts.net/2006/scanning screen.jpg

I have there the monthly, weekly, daily charts and the 15, 60 min charts. So I will see whole picture on the bigger time frames and the smaller time frames. The bigger time frames helping me with determination the targets. I can see if there is enough room for good risk/reward move without any support in the CNI example. On the weekly chart CNI have nice room for the move down. On the monthly chart the 20sma (simple moving average) is at the $37.50. That is the 1st support area what I can see on the bigger time frames besides whole numbers support areas. That is also in the line with the equal move support area what you can see on the daily CNI chart. OK now I have the target area, something what I will follow. Of course target isnât rule. I will watch the market action and I will compare the CNI action with them and if wont be as I like to see I wonât blindly wait the target area.

Now I will go on the smaller time frame. Maybe I can find the intraday setup and that could cut my risk. If I will find it then I can use it as the day trade setup what can lead to the swing trade and in that case I have the day trade stop with the swing trade move possibility.
On the CNI we have that on the 60 min chart.
http://www.swingcharts.net/Ivica/2006/08142006cni60min.jpg

CNI is in the bear flag on 60 min chart, and it is right at the 20sma resistance area.. So now I can use the 60 min bear flag possibility for the swing move down.
For my style risk/reward is very important and the CNI example is way how I do it.

I am always available via email if you have any questions. danded2005@inet.hr

Ivica Juracic

ivica · Aug 13, 2006

My scanning screen for post above.

http://www.swingcharts.net/Ivica/2006/scanning screen.jpg

Ivica

QQQBALL · Aug 13, 2006

NIce work Ivuca... been watching, just dont have much to add/

ivica · Aug 14, 2006

Market commentary:

Good day!
All stayed the same. Action was in the line with the expectations. On the daily QQQQ chart you can see scenario what I will expect. From that you can see that my expectations are more with the bear action and our open short trades (STLD, ADS, DD, BHI, LVS, UPS, GSF and UPL) going well for now. But I donât think that we will see clear move down. I think that will be the choppy daily action with a lot overlaps. I wonât comment much the QQQQ, SPY, and DIA charts because you can see that is all in the line with expectations and without much of changes. If the market will see action what I expect, and that is a move down I believe that the QQQQ will make new daily low and it will see an equal move support area. In the meantime SPY and DIA will see the daily support area and that will be the daily double bottom pattern. I donât know that will we see that market scenario, but market action right now build that possibility. For now this is just an idea what I will follow. For the next week is expecting to see another overlap market action. Same action as we saw in the week behind us.

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

Good luck trading today!!!!

http://www.swingcharts.net/Ivica/2006/08142006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08142006spy.jpg
http://www.swingcharts.net/Ivica/2006/08142006dia.jpg

Ivica
p.s. My apologies for the mistakes. Those who follow my work know that English isnât my 1st language, but Iâm learning

.

Watch list for 08/14/2006

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)

BWNG long above: 10.50 (10.25 aggressive), stop under: 9.74, target: 11.50-11.75 areas ST http://www.swingcharts.net/Ivica/2006/08142006bwng.jpg
Earning date: Aug 03, 2006

MYOG long above: 31.75, stop under: 30.00, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/08142006myog.jpg
Earning date: Aug 07, 2006

PLCM, IDT, WEBM still valid
http://www.swingcharts.net/Ivica/2006/08112006plcm.jpg
http://www.swingcharts.net/Ivica/2006/08112006webm.jpg
http://www.swingcharts.net/Ivica/2006/08102006idt.jpg

Day trade possibilities (DT-ST)

CA long above: 22.00, stop under: 21.50, target: 23 areas DT http://www.swingcharts.net/Ivica/2006/08142006ca.jpg
Earning date: Aug 14, 2006 after close

POT long above: 96.66, stop under: 96.00, target: 100 areas DT-ST
http://www.swingcharts.net/Ivica/2006/08142006pot.jpg
Earning date: July 27, 2006

SHORT:
Swing possibilities (ST-PT)

LRCX short under: 38.61, stop above: 40.00, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/08142006lrcx.jpg
Earning date: July 19, 2006

CNI still valid
http://www.swingcharts.net/Ivica/2006/08142006cni60min.jpg
http://www.swingcharts.net/Ivica/2006/08142006cni.jpg

Day trade possibilities (DT-ST)

XMSR short under: 10.72, stop above: 10.90, target: 10.00 areas DT http://www.swingcharts.net/Ivica/2006/08142006xmsr.jpg
Earning date: July 27, 2006

PMI short under: 41.69, stop above: 42.00, target: 41 areas (40 areas) http://www.swingcharts.net/Ivica/2006/08142006pmi.jpg
Earning date: Nov 2, 2006

Watch ideas:

Long: TXCO, BDE, DIGE, PLMD, D
Short: BIIB, CVTX

Good luck
Ivica Juracic

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

QQQBALL · Aug 14, 2006

Ivica,

Glad to see you have PMI up there. i hit RDN hard last week. i dont see how private mortgage insurers maintain earnings?

your English is fine.

your charts are too.

gracias!

ivica · Aug 15, 2006

Market commentary:

Good day!
I can just copy the market commentary from yesterday. On the daily chart we didnât see any significant move, and intraday action stayed same. Yesterday market start with the strong gap up, but after the morning run market couldnât hold that area and back all in the rest of day. We had the same situation last week and risk in market stayed the same. For today I donât expect nothing different and I will continue use add caution on the both sides. I still think that we could see move down on the daily charts. As usual I will go with market action. This action is typical for the August. Everything is same, trade small and trade smart

http://www.swingcharts.net/Ivica/2006/08152006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08152006spy.jpg
http://www.swingcharts.net/Ivica/2006/08152006dia.jpg

I am always available via email if you have any questions. danded2005@inet.hr
Good luck trading today!!!!

Ivica

p.s. My apologies for the mistakes. Those who follow my work know that English isnât my 1st language, but Iâm learning
.

Watch list for 08/15/2006

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)

MYOG long above: 31.64, stop under: 30.00, target: 35 areas ST http://www.swingcharts.net/Ivica/2006/08152006myog.jpg
Earning date: Aug 07, 2006

PLMD long above: 38.88, stop under: 37.25 (20sma daily), target: open ST http://www.swingcharts.net/Ivica/2006/08152006plmd.jpg
Earning date: July 27, 2006

VRX long above: 18.80 (18.69), stop under: 18.30, target: 20 areas ST http://www.swingcharts.net/Ivica/2006/08152006vrx.jpg
Earning date: Aug 03, 2006

Q long above: 8.75, stop under: 8.50, target: 10 areas ST http://www.swingcharts.net/Ivica/2006/08152006q.jpg
Earning date: Aug 01, 2006

PLCM, IDT still valid
http://www.swingcharts.net/Ivica/2006/08112006plcm.jpg
http://www.swingcharts.net/Ivica/2006/08102006idt.jpg

SHORT:
Swing possibilities (ST-PT)

CMC short under: 22.17, stop above: 22.64 (23.56), target: 20 areas (15 areas) ST http://www.swingcharts.net/Ivica/2006/08152006cmc.jpg
Earning date: June 20, 2006

Day trade possibilities (DT-ST)

ALKS short under: 16.00 stop above: 16.38, target: 15 areas DT-ST http://www.swingcharts.net/Ivica/2006/08152006alks.jpg
Earning date: Aug 08, 2006

PMI short under: 41.75 (41.69), stop above: 42.08, target: 41 areas (40 areas) DT-ST
http://www.swingcharts.net/Ivica/2006/08152006pmi.jpg
Earning date: Nov 02, 2006

Watch ideas:

Long: DIGE, D, IDA, MLI, PEP, YCC, OSIP, SWY
Short: HNT, GLG, BIIB, LRCX, NUE, ETN

Good luck
Ivica Juracic

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

ivica · Aug 16, 2006

Market commentary:

Good day!
Yesterday in the morning we had the same situation as at Monday morning. But finally that gap up yesterday didnât see the strong selling after the mid day consolidation. The QQQQ on the daily chart broke above the 50ma and now have room for move up. That is good news for long traders; unfortunately Iâm not too excited. The SPY and DIA still need to break previous daily highs what you can see on the charts under. Definitely my bias now is more on the long side, but I will stay with the same âAugustâ risk for now. More focus will be on the SPY and DIA action at daily highs area.

http://www.swingcharts.net/Ivica/2006/08162006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08162006spy.jpg
http://www.swingcharts.net/Ivica/2006/08162006dia.jpg

I am always available via email if you have any questions. danded2005@inet.hr

Good luck trading today!!!!
Ivica

p.s. My apologies for the mistakes. Those who follow my work know that English isnât my 1st language, but Iâm learning

.

Watch list for 08/16/2006

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)

IDT long above: 13.75, stop under: 13.20, target: 15 areas ST http://www.swingcharts.net/Ivica/2006/08162006idt.jpg
Earning date: June 07, 2006

MDR long above: 49.80, stop under: 47.70, target: 55 areas ST
Earning date: Aug 07, 2006

JTX long above: 35.84, stop under: 34.50, target: 40 areas ST http://www.swingcharts.net/Ivica/2006/08162006jtx.jpg
Earning date: Aug 24, 2006

MYOG and Q still valid
http://www.swingcharts.net/Ivica/2006/08162006myog.jpg
http://www.swingcharts.net/Ivica/2006/08152006q.jpg

Day trade possibilities (DT-ST)

BGC long above: 37.75, stop under: 37.24, target: 40 areas DT http://www.swingcharts.net/Ivica/2006/08162006bgc.jpg
Earning date: July 25, 2006

YCC long above: 25.11, stop under: 24.70, target: 26 areas DT http://www.swingcharts.net/Ivica/2006/08162006ycc.jpg
Earning date: Oct 25, 2006

Watch ideas:
Long: OMCL, THCO, WTW
Short: NYT

Good luck
Ivica Juracic

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

ivica · Aug 17, 2006

Market commentary:

Good day!
After the two strong uptrend days I will expect today from market to slow down. I see the room for another morning move up, but after that market need the longer rest. That mean at least few days of the rest before we could see lower risk setup. On the charts you can see that the market have room for that move up. Open swings going very well, and same of them are in the daily overbought area and they need daily consolidations (rest), Keep that in the mind. So for today again it will be the best to stay with intraday moves and that mean better market for faster traders. I will look for the gaps in the morning and will follow open trades. Same action I will expect for the rest of week and very possible for the next one.

http://www.swingcharts.net/Ivica/2006/08172006qqqq.jpg
http://www.swingcharts.net/Ivica/2006/08172006spy.jpg
http://www.swingcharts.net/Ivica/2006/08172006dia.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 isnât my 1st language, but Iâm learning

.

Watch list for 08/16/2006

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)

CHAP long above: 74.63 stop under: 66.52, target: 100 areas ST http://www.swingcharts.net/Ivica/2006/08172006chap.jpg
Earning date: July 12, 2006

CAH long above: 68.00 (67.70 aggressive), stop under: 66, target: 72 areas ST http://www.swingcharts.net/Ivica/2006/08172006cah.jpg
Earning date: Aug 03, 2006

Day trade possibilities (DT-ST)

OMCL long above: 17.00, stop under: 16.73, target: 18 areas (20 areas) DT-ST http://www.swingcharts.net/Ivica/2006/08172006omcl.jpg
Earning date: July 20, 2006

SHORT:
Swing possibilities (ST-PT)

KYPH short under: 3.56, stop above: 34.30, target: 30 areas ST http://www.swingcharts.net/Ivica/2006/08172006kyph.jpg
Earning date: July 26, 2006

WMT short under: 44.00, stop above: 44.68, target: open http://www.swingcharts.net/Ivica/2006/08172006wmt.jpg
Earning date: Nov 14, 2006

Day trade possibilities (DT-ST)

DAKT short under: 22.00, stop above: 22.85, target: 20 areas DT-ST http://www.swingcharts.net/Ivica/2006/08172006dakt.jpg
Earning date: Aug 16, 2006

Watch ideas:
Long: PD, WLK, UBB, SWY, CA
Short: PXP, AMMD

Good luck
Ivica Juracic

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