Technical Analysis Day Trading Review: Showin You The Money on MALL and ODP
Oct 31, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
Today we unleashed ttt.nets latest upgrade which has turned out to be a huge success and advantage for members of our stock picking program : BLACK SERVICE . Now every day i will be broadcast live during the session a video feed from my trading computer here in always sunny San Diego.
Day Trading Stock Pick #1 – MALL
PC MALL reported record earnings and issued a share buyback program causing some huge momentum in its stock price today after enduring the long lasting sell off. I alerted black service members to go long here at 3.55 on the initial breakout with a target sell area near $4/share which we hit near the close. I took profits at 3.97
Technical Analysis:
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Day Trading Stock Pick #2 – ODP
ODP was looking to make a very strong move into the close on the move above $3/share and i alerted black service members to go long at 2.92 prior to the actual breakout as market internals were looking strong. With the heavy volatilty into the close it was hard to say which direction the market was heading. I sold 1/2 at $3 and the rest at 3.14 fo a nice short term gain.
Technical Analysis
Tags: Day Trading, mall, odp, stock pick
Technical Analysis Day Trade Review: Another Day of HUGE PROFITS FOR BLACK SERVICE MEMBERS! LVLT, MTG, HERO
Oct 30, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
It was another volatile day in the markets as every one was cautious over the FED’s announcement of the 1/2 point rate cut which we all knew would likely happen. Most often the markets sell off on news like this if it is already expected to happen and known in the market. The Stock Market discounts future events that are expected. Its the surprises that spark a huge sudden move in the market. This is known as the buy the rumor sell the news theory.
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We made some Big Trades today for our black service members and pulled in some big gains making this a hugely profitable week. The stocks traded today were LVLT, ARRS, SOLF, MF, MTG, and HERO. I’ll highlight some of the big winners.
Day Trading Stock Pick #1 – LVLT
I bought LVLT yesterday right near the close in hopes that we would see the breakout of the ascending triangle at $1/share today and we sure did. Unfortunately i was planning on buying some more today if price did in fact breakout above $1/share yet slept in about 45 minutues to much and missed the breakout. But at least i still caught it and made an awesome 22% gain. There was horizontal resistance around 1.20/share which is where i wanted to take profits.
Technical Analysis:
Day Trading Stock Pick #2 – MTG
Next stock we tackled was MTG which was breaking out from another ascending triangle pattern (aka: my favorite and most reliable pattern) and i hopped in and alerted black service members to go long at 2.20. Price ramped up quickly on increased volume. I took my profits quick and sold at 2.35 and 2.71 near horizontal resistance. Price ran as high as 3.70 share even! Could have made some huge money on this if you bought on the breakout and sold at the top! But thats the fantasy world, no one does that except very rarely.
Technical Analysis :
We also made a quick trade on HERO bought at 7.05 and sold at 7.32 near the close. I had some excellent looking positions in ARRS, SOLF, and MF moving into the fed announcement yet got stopped out on the volatility after the 1/2 point cut.
arrs -buy: 6.06 Sell:6.12
solf- Buy: 5.12 Sell: 5.06
mf – Buy: 3.35 Sell: 3.27
Tags: arrs, ascending triangle, Day Trading, hero, lvlt, mf, mtg, solf, stock market
Technical Analysis Day Trading Review: HUGE PROFITS TODAY! COIN, FITB, MTL
Oct 29, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
Man what an exciting trading day it was this after noon with the general market as a whole making huge gains in the last few hours of the trading session providing huge opportunities for us to profit on. One of the best day trading days in a while.
Day Trading Stock Pick #1
COIN
First stock we succeeded on was COIN which was breaking out of a strong resistance mark on the daily chart which signaled a buy alert and i was actually planning on holding over night. Yet shortly after i alerted Black Service Members to go long It exploded from my entry at 6.05 and surpassed 7/share in a fusion frenzy.. I took this opportunity and sold quick at 6.84
Technical Analysis:
The next two positions we made awesome trades on yet missed out on some larger gains as the erratic buying continued into the close. While day trading it is important to follow the general market movements to catch the swings off support/resistance/breakouts/breakdowns etc. Following the 60m chart on the dow (INDU) I got weary of the descending resistance on the descending triangle pattern as it is a bearish formation and the probability of it breaking to the downside is higher than price breaking to the upside. So i sold these positions heading into the last hour of trading and missed some big gains. But we made some great trades. Kind of hard to predict that the market was going to rally 900 points… I’m still in awe of this market. Seeing a hundred point move in the DOW 6 months ago was a big move.. “Wow what a big day the DOW jumped 127 points”. Haha those were the days.
Technical Analysis:
Day Trading Stock Pick #2
FITB
Next we tackled FITB. Price rallied huge on news of it getting some of the gov bailout money or something i don’t remember. All i needed to know is that this stock was moving, volume coming in hot, and the market was looking strong. I alerted black service members to go long at 9.23 and sold at 9.63 for a solid day trade bringing in some SCRILLA to pay them billas.
Technical Analysis:
Day Trading Stock Pick #3
MTL
Last but not least we hopped on board MTL for another solid day trade which we profited on. Could have made some big ones if you had the balls to hold on for the roller coaster ride. But i like to keep my balls safe, i wear a cup. i entered in MTL at 5.16 on the verge of the breakout after it had already broke out once as you can see with that upper extended shadow candle so volatilty was hot here so i wanted to get in and get out, take what i can. Went long at 5.16 and sold at 5.36. Price dropped all the way back to 4.93 from there before it exploded up to 6.72!
Technical Analysis:
Tags: COIN, Day Trading, descending triangle, DOW, fitb, mtl
Technical Analysis Day Trading Review: LVLT and ITU – Pulled in Some $$$!!
Oct 28, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
Day Trading Stock Pick #1
LVLT
Was watching this stock along with several other members like semper trader earliar this morning as it was looking strong technically forming a bullish ascending triangle pattern on the intraday chart. Breaking above .90 indicated a likely move to $1/share.
I alerted Black Service members to go long at .90 on the breakout. Price then rallied near 1 where i alerted to sell 1/2 at .99 to lock in some gains as $1/share is a tough area to breach for penny stocks. But when it does it usually results in a quick move to 1.10 to 1.20 /share. Which is still in possible sight for LVLT this week.
I sold the second 1/2 of LVLT at .945 when it broke down the pennant formation and the market was weakening as well.
Technical Analysis :
Day Trading Stock Pick #2
ITU
ITU had another bullish ascending triangle pattern in force with a gap fill in progress that looked like it was on its way to fill on the breakout. I bought at 8.19 on a slight pullback to the 9ema support. Yet with the market weakening the the later 1/2 of the session ITU continued to fall and break down key ascending support areas which lead me to sell at 8.10 for a small 1% loss.
Technical Analysis:
Tags: ascending triangle, Day Trading, intraday chart, ITU, lvlt, Technical Analysis
Swing Trade Review: Big Profits on our Short in RJET!
Oct 26, 2008 Small Cap Stock Picks, Technical Analysis
It was about time we caught some negative volatility on this heavily overbought stock yet it was an great call that we covered our position while we were ahead as these stocks are very volatile and rallied strong into the close after its morning drop.
I alerted Black Service members to go short at $12.43 Wednesday afternoon on the breakdown of the intraday support as you can see on the 5 min 5 day chart below. Thursday price sold off on rumors of OPEC cutting production rates putting us in a nice position for our short and momentum in our favor. Global markets then began to sell off after hours placing us in an even better position now for our move into Friday. RJET gapped down largely yet was showing some signs of strength so i took this as a great opportunity for us to cover our position for a solid 11.5% gain in just 2 days.
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Technical Analysis:
Tags: Day Trading, RJET, swing trading, Technical Analysis
OPEC to Cut Crude Oil Output. Good News if Your Short in The Airline Sector – $RJET
Oct 24, 2008 Small Cap Stock Picks, Technical Analysis
I’ve been watching in bewilderment at how much airline stocks such as UAUA, AMR, DAL, LCC, and RJET have have rallied without any real profit taking to set in yet and have shorted RJET a few times mostly for profits as i’m looking to catch this on the down side once people start taking there profits. And its not a matter of if this will happen, its when. With every huge sector rally theres always a point when it peaks and retraces a significant amount before it continues going up, levels, or continues to fall.
OPEC scheculed an emergency meeting for friday the 24th and is expected to cut crude oil output by an unknown amount. Demand for oil has been on the decline which has lead to oil dropping around 55% from its peak near 150. Falling oil prices has ment increased profits for airlines which is why the airline sector has been skyrocketing. Yet with rumors of the OPEC cut, hugely overbought conditions, and airline stocks losing momentum this seems like it could be the beginning of a good time to catch Airline stocks on a downside move at least in the short term.
I’ve been trying to go short in several of them yet shares have been hard to borrow. I managed to borrow some shares of RJET at 12.43 on Wednesday and alerted Black Service Members to go short. UAUA was also another very appealing airline stock and fell as far as 20% thurday during the session yet i wasn’t able to get any shares to short.
RJET Technical Analysis:
