Tuesday, September 29, 2009
The McClellan oscillator is turning up again but CCI has not bottomed, which leaves a mildly bullish outlook. however, volume has been very weak the last 2 days, making the possibility of another move down possible.
Sunday, September 20, 2009
Thursday, September 10, 2009
My apologies for the terrible image, but I just separated my swing trading and day trading by getting a proper account for daytrading and thought I would post a modified screen shot.
The image is a 1 min chart of today's triple move up in AIG. After consolidating nicely it makes a great move at 10:37 and 10:51 w solid volume. I always try never to step onto quickly moving trains and wait for them to slow down. This allows one to set a very obvious stop if things turn the wrong way.
I am always on the lookout for new daytrading vehicles that set up well so if you know of any, please let me know...
I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug. Mad conviction here.
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...