Archive for July, 2010

Wide Range Activity

Here are stocks showing unusual trading ranges in Thursday’s session. These often set up nice second day trading opportunities:

Advanced Energy Ind Inc
AEIS
17
3.19
25270

Clean Energy Fuels Corp
CLNE
16.56
0.88
30147

Direxion Daily Real Estate Bear 3X Shares
DRV
30.82
-3.97
21939

Education Management
EDMC
15.17
-1.55
8996

Eagle Materials Inc
EXP
25.72
-1.04
11417

Georgia Gulf Corp
GGC
12.9
1.33
6123

Idt Corp Cl B
IDT
16.9
1.55
6842

Isilon Systems Inc
ISLN
16.38
2.82
33328

Integrated Silicon Sol
ISSI
9.05
1.12
8730

Itron Inc
ITRI
57.93
-4.8
35579

Janus Capital Group Inc
JNS
10.59
1.12
141245

LogMeln
LOGM
27.8
-1.99
6849

Electro-Optical Sciences Inc
MELA
6.71
0.24
11789

Mercer Internat Inc [...]

July 23, 2010 • Posted in: Market Day, TA • No Comments

Building Intraday Skills

Have a proactive plan for the first and last hours. Experienced traders can play these periods aggressively, but newer traders should just sit on their hands.
Become a student of time of day tendencies. Markets tend to trend within narrow time windows, while fakeouts take control for the rest of the session.
Choose a [...]

July 16, 2010 • Posted in: Market Mechanics • No Comments

Down on an Up Day

The following stocks sold off on Wednesday, despite the huge recovery rally. Theoretically, stocks that underperform in good market conditions should lead to the downside in bad market conditions. (ETFs have been removed):

Bj’s Wholesale Club Inc
BJ
42.72
-0.49
30425

Bruker Corp
BRKR
11.15
-0.79
31327

China Unicom Hong Kong Ltd
CHU
13.6
-0.07
16702

Cke Restaurants Inc
CKR
12.52
-0.01
26128

Cybersource Corporation
CYBS
25.47
-0.03
39340

Dollar General Corporation
DG
27.95
-0.05
34631

Dollar Tree Stores Inc
DLTR
41.61
-1.32
45206

Edwards Life Sciences
EW
55.24
-1.36
24881

Fti Consulting Inc
FCN
32.14
-11.13
119704

Family [...]

July 8, 2010 • Posted in: Market Day, TA • No Comments