Yes, It is possible. Real Time Idea's for "This Market"

I agree with you on the homebuilders. im not daytrading them, I have been short them since the last Dow push up to around 9500. I added on to my shorts about three weeks ago, that one day short squezz that took the dow up 300, i noticed that the homebuilders were not moving to the upside by much...also the daily charts just screem >>>>SHORT ME>........also the sheep and CNBC believe the housing market is stable...another good reason to be short them.
 
Did not see a lot as I scanned tonight though with INTC warning after hours we will probably see a gap down. Most gaps fill, so I will be looking for buying opportunities at the open. Specific stocks I like: Liberty Media (L) for a buy (daytrade) on trades above $11.10 if it gaps lower than that at the open. Stops will be under $10.99 or the days low (which ever is lowest).

Good luck,
Brandon
 
It could be a pretty nice gap tomorrow in the NQs depending on what happens in Globex when Europe opens up.

Now I recall you talking a little while back about some gaps not filling if they are more than a certain %. The NQs closed at 1163.50 yesterday, where would be the breaking point for gap fill or no gap fill tomorrow / how big of a gap would you allow before you said this isn't going to fill today?

Thanks
 
Originally posted by Fitz
It could be a pretty nice gap tomorrow in the NQs depending on what happens in Globex when Europe opens up.

Now I recall you talking a little while back about some gaps not filling if they are more than a certain %. The NQs closed at 1163.50 yesterday, where would be the breaking point for gap fill or no gap fill tomorrow / how big of a gap would you allow before you said this isn't going to fill today?

Thanks
More...

4% gaps to the upside have never filled in my study period (5 years) on the day they occur, 4% downside gaps have filled 1/3 of the time on the day they occured. The average gap on the Nasdaq is 1.18% up or down during this period, 71% of "average" gaps will fill. Gaps that are two times larger than average gaps fill much less often. In most cases where there is a low % chance of the gap filling, its much more likely to fill a down gap than an up gap (about 50% more likely). This is a study that includes the last five years of data on every gap that has occured in the Nasdaq and how it responded after that gap.

Brandon
 
[11:39] <Brandon> 10:38:28 SCALP TRADE: (Based on intraday setups. Holding period = several minutes to an hour. Momentum trade. Exit at S&R.) BUY SETUP GZMO above 3.35

Reasons:
[11:59] <Brandon> I can walk through the setup and trading it if youd like?
[12:03] <Brandon> http://www.tradingfrommainstreet.com/img/gizmo.gif
[12:03] <Brandon> let me know when you guys have this up
[12:04] <Brandon> ok, Ill go through the whole process here
[12:04] <Brandon> I run a few scans during the day
[12:04] <Brandon> the ones that I get the best idea's from tend to be the % gainers and losers.
[12:05] <Brandon> as a trader you want to be buying strong stocks and selling weak ones
[12:05] <Brandon> and the % gainers and losers will turn you on to just those stocks.
[12:05] <Brandon> when the market is showing some signs of strength I like I will look more closely at the gainers.
[12:06] <Brandon> Today when the news about the nucular gangster came out I was as I noted earlier impressed with how well the Nasdaq managed to hold up
[12:06] <Brandon> so this kept me looking more at gainers than decliners
[12:06] <Brandon> now
[12:06] <Brandon> when you find the gainers you dont simply buy something because it is the strongest stock on the board
[12:06] <Brandon> when you do that you can find yourself buying tops very easily as nothing will ever move in a straight line unless its against you
[12:07] <Brandon> so you gotta look for proper setups
[12:07] <Brandon> and those will occur when stocks REST
[12:07] <Brandon> and a stock can rest by profit taking or accumulation when its uptreding
[12:07] <Brandon> you will see profit taking as a pullback
[12:07] <Brandon> and accumulation as a line
[12:07] <Brandon> also when you see the accumulation occuring
[12:07] <Brandon> this will be causing a certain bit of volatility coiling
[12:07] <Brandon> which is also very good for the stock
[12:08] <Brandon> because as we know these volatility situations tend to resolve themselves.
[12:08] <Brandon> so now we have determined that gzmo is worth going out on a date with
[12:08] <Brandon> and its a matter of waiting for the timing
[12:09] <Brandon> everything in life comes down to timing they say
[12:09] <Brandon> and trading is not different
[12:09] <Brandon> so what you can see in the circled area on this chart is the period of time that GZMO spent resting
[12:09] <Brandon> it went mostly sideways
[12:09] <Brandon> the last important high in this line was above $3.35
[12:10] <Brandon> now the sale
[12:10] <Brandon> its not so important how you buy stocks
[12:10] <Brandon> because anyone can buy one
[12:10] <Brandon> and Ive never lost a money buying a stock anyway
[12:10] <Brandon> it was always on the sale
[12:13] <Brandon> remember that as traders we try to be nice people
[12:13] <Brandon> key rule in business
[12:13] <Brandon> is that if you give people what they want
[12:13] <Brandon> you will make money
[12:13] <Brandon> and thats how market makers make money
[12:13] <Brandon> and specialist
[12:14] <Brandon> they sell to buyers
[12:14] <Brandon> what you can see on this chart that I have made
[12:14] <Brandon> is the swell of price to the $4 area
[12:14] <Brandon> and when you see this bar
[12:14] <Brandon> it was the biggest price bar of the day
[12:14] <Brandon> that usually marks a top area
[12:14] <Brandon> and this is the place to sell this stock
 
[13:22] <Brandon> 13:22:34 DAY TRADE: (Based on daily and intraday setups. Holding period = several minutes to several hours. Closed by end of day) SHORT SETUP SMH can be taken short under $34.70 with stops above $35.25.
 
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