Thursday, March 25, 2010

Position Update

All we're doing these days is buying whatever alert sets up well, daytrading part of them, and holding rest swing -- we're still long swings from a few days ago including CAT (alert was 60.5), DE (alert was 60), FLS (108 not in newsletter but we tweeted), AAPL (alert 226), MDR (alert 26), VALE (tweeted yesterday, in at 31.33 in anticipation of 32 breakout), BG (alert 64), NUE (in today 46.07 in anticipation of 46.5 break-out), GS (alert 178 entered today), CAGC (alert 28 entered today), BCSI (alert 33, we've held this through a re-test, slightly underwater but small position left which we'll sit on), and SWK (added today to position small swing average 59.19 in anticipation of 60 break-out), and CREE added today (alert was 72).

We're also long AIG 34.42 average for a trade with stop trailing under 20EMA.

-----------1:30 PM update: we are systematically taking profits and raising cash as we have many positions on and no hedge. We also sold the AIG for a point and raised stops on all our positions.

-----------Selling most of positions added today on breaks of the 20EMA/5 min chart

------------Sold everything except for the following: CAT FLS DE MDR AAPL VALE NUE GS.

----------March 26 update: Sold MDR NUE FLS DE CAT into the rally and only have AAPL GS VALE left in swing positions.

----------Sold reamaining three positions, all cash for the weekend.

Tuesday, March 23, 2010


Yesterday our support alerts worked great -- today the breakouts are working. What more could a trader ask for?

Every break-out that triggered from our newsletter last night worked:

AAPL looks like it is revving up for higher prices -- 220 is the line in the sand that has to hold.

BCSI has been on our list for a while for a break-out through 33.

We added BG 64 yesterday for a very nice break-out today.

CAT 60.5 finally triggered for a nice breakout here.

We mentioned yesterday afternoon that DE had hit our 60 alert but had travelled all the way from support to resistance and was possibly out of ammo -- and therefore we were swinging. We sold partial swing into today's rally.

MDR has been on our list for a while for a break-out of 26 which we finally got today.

Monday, March 22, 2010


We had six stocks trigger at or near our support alerts at the open. When support is triggered in multiple stocks at the same time it usually holds -- similar to cluster break-outs in sectors.

These are the new lines in the sand that now have to hold (AAPL 220, RIMM 72, GDX 44, etc)