…sort of directionless …?

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ASIA (Patriot Scan) did not take out the previous 2 session lows and seemed to have found support. 

The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading recommendation and refer stock trading brokers, stock trading software, and other stock trading tools, but readers who use such recommendations are doing so at their own stock trading risk.

I was “lucky” (”lucky” as described in Oz’s book) to have shorted SVVS when it broke down the 6th Dec. 

11 Dec: Hoping to get lucky again,  I went long SVVS (Patriot Scan) after the Fed Announcement on Tuesday as it had snapped back up and was trading relatively flat when all the indices were going seriously south.

Notes:

On 12 Dec:  Moved Stop to:

• 1/2 of position at 26.25
• 1/2 of position at 25.65

The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading recommendation and refer stock trading brokers, stock trading software, and other stock trading tools, but readers who use such recommendations are doing so at their own stock trading risk.

As I mentioned in yesterday’s class, one of the biggest challenges we have been having in recent months is dealing with the overnight “beasts”.

As the S&P was tanking and trading around 1493, I said that the 1470’s will be reached as there was an 85% chance of making a lower low the following day (which we did make after a huge gap up), but I also said that the “beasts” will probably gap it up overnight.

Welcome to the new market, and the new Fed… take notes!

 See you tomorrow in class 11:00 am PST.

@ES.D

This chart is captured at 11:58am ET on Wed.  Next two candles reflect assumptions of today’s close at 1495 and negative PPI and CPI on Thur. and Fri.

@ES.D in TradeStation is equivalent to Tony’s Trick chart.

The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading recommendation and refer stock trading brokers, stock trading software, and other stock trading tools, but readers who use such recommendations are doing so at their own stock trading risk.

Find APOL from the volcano scan and it seems like the stock is making higher low and bounce from the 50MA.

Entry: 74

Target: 79.80

S top: 73

RR: 5.8

The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading recommendation and refer stock trading brokers, stock trading software, and other stock trading tools, but readers who use such recommendations are doing so at their own stock trading risk.

this looks like the ticket? click on teh sector for individual stock list.  Click on the column heading and the sectors will array in order.

http://www.trending123.com/stocktable/sectorperformance.pl

Tried a Bounce Play into the Close. Bought upturn after Higher Low. Sensed weakness. Scratched out of the trade 2 minutes later.

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The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading recommendation and refer stock trading brokers, stock trading software, and other stock trading tools, but readers who use such recommendations are doing so at their own stock trading risk.

The worst for today was let URRE gone while I could get it at 12

ACH looks bullish with the actions of last a few days

The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading recommendation and refer stock trading brokers, stock trading software, and other stock trading tools, but readers who use such recommendations are doing so at their own stock trading risk.