Tuesday, September 29, 2009

NYMO


http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&yr=0&mn=6&dy=0&id=p21518564376&listNum=1&a=154418448

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

Potential JJC long entry - 6 mo chart


The volume signals are terrible so I wouldn't rely on them.



http://stockcharts.com/h-sc/ui?s=JJC&p=D&yr=0&mn=6&dy=0&id=p63999621498&listNum=1&a=165055361

Potential JJC long entry - 1yr 6 mo chart

JNJ long entry



Consolidating tightly, volume ticking up. If it dips to 59-60 range I will be buying aggressively, if not I probably will still be accumulating and definitely starting a position on a solid volume breakout.

Thursday, September 10, 2009

AIG daytrade



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...

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...