This Upcoming Week. Lets Do Some Work!
Oct 13, 2008 TTT.net Updates
After last weeks huge loss on the broad market we were still able to make some good trades to profit on day trading wise to end the week on the green screen. Friday we saw a 1000 point intraday swing which was just insane to watch the market go from 500 points down near the close, then all the sudden jump to +300 points, yet only to close down 128 points. I was just watching cramers meltdown when we thought we have it bad then when Bear sterns was trading at $109/share.
Now Bear, lehman, Wamu, and Indymac went under. FNM and FRE crumbled. Major investment banks had to be bought out. The last giant IB firms had to switch to commbercial banks. Morgan Stanley selling part of its company to some Asians. Government initiated a $700b bailout plan. Government will now buy stakes in banks for the first time since the great depression. Lots of good stuff has happened to put plenty of smiles on our faces 
At least we’re still in the game and this market hasn’t taken us out as being conservative in this environment has proved profitability. Not forcing any trades, not holding anything overnight, and waiting for the right setups on the day trade side of things.
Looking into this week i have some stocks im watching in on for Monday yet with futures up huge right now (+326 3.91% DJI Futures) all of my possible set ups will likely be skewed by large pre-market action in which everything changes for the trade. Yet this will provide opportunities for trading the momentum on the gaps such as i detailed in the previous post here on AMD Here.
Heres my List of Stocks to watch for Monday:
Long Ideas:
SOLR
LEVP
VPHM
WB
MS
GS
XL
ABMD
ALGN
Short Idea’s:
PNX
CLP
PAR
dug
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