Shorts on Shiping Companies $EXM and $DSX paid off Big Time!
Dec 11, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
Well today marked the first day in a while that i have held any stocks over night due to the volatile nature of the market as of late. Turns out i chose some good stocks to swing. The conditions for shorting these stocks were near perfect. My favorite shorting opportunities are shorting stocks that have rallied huge into a resistance area and have formed some sort of a bearish candle such as a doji star or shooting star. Check out the Black Service page to see another perfect example of this situation when i was going short on Gold stocks.
The DOW made its run to a key level of 9000 (whole #’s are important areas of support and resistance) yet wasn’t able to break through and stocks have fallen since. Today the DOW broke down a short term pennant formation signaling the liklihood that stocks will continue to fall into Friday. Fridays usually a good day to be short. Traders like to sell before the weekend.
Technical Analysis:
Technical analysis Day Trading Results:
I went short in DSX at 11.62 and EXM at 8.10 yesterday and reaped the profits today. Both were they same set up as they had rallied strong into a resistance level combined with a bearish top candle like a shooting start, doji, or dark cloud cover.
Technical Analysis:
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Tags: DOW, dsx, exm, Technical Analysis
Technical Analysis Day Trading: Big Gains on EXM, XL, and DSX!!
Dec 10, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
Today was another awesome trading session to add to this weeks profits as we went 3 for 3 on our trades and banked some nice gains while still speculating on EXM and DSX to fall tomorrow and continue watch our money tree grow. If you want to come profit with us, get my real time trade alerts via live video, chat, and email. Take advantage of the $99 for 3 months holiday special plan! Thats a steal!
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Stock picks EXM and DSX :
The shippers have been blowing up the past week or so and i have been looking for some potential opportunities to go short in them and i think today might just be the day to do so . I day traded both EXM and DSX on the short side for positive gains but still holding some 1/4 positions over night to see what they have in store for us tomorrow and possibly the rest of the week. Both are oversold and forming bearish candles right near resistance levels indicating this is could be the beginning of a pullback
Technical Analysis
EXM:
DSX:
Last trade we banked on was XL which Black Service member (Semper Trader) brought up earliar this morning in the chat room after the stock tanked on rumors of bankruptcy but then rallied once XL announced these accusations were fasle. I alerted black service members to go long at 3.34 on the breakout of the ascending triangle and exited shortly after at 3.54. XL surpassed 4 but you gotta take your profits quick as the directional movement and turn on a dime.
Tags: ascending triangle, Day Trading, dsx, exm, shippers, Technical Analysis, XL
