Trade Reviews: LXK, APKT, BGP, PEIX, JCI / SPX in 50/100-day MA Range
For some reason, yesterday was a good day to trade. What I mean is that doji days are particularly unattractive days for day trading. They are best suited for swing entries. Nonetheless, it was a good day to work on execution and patience, and it all paid off.
Most breakouts require your full attention. Setting alerts is not enough as it is ‘too late’ many times. Sometimes setting buy stops is not enough because 1) the stock can gap intraday, 2) you can get a bad fill. Some days you watch a movie and other days you stare at your monitors all day long. I can usually tell if it’s going to be a good day in the first hour of the morning by looking at the 1-min intra-day price bars. If they don’t touch each other, then don’t touch it.
The SPX, as mentioned on my show, is being caught in between the 50-day MA and the 100-day MA, both very powerful moving averages main support and resistance levels. We should see an intersection of the 20-day MA with the 50-day MA in the coming days.
I traded 5 names today (all imminent breakout plays): LXK, APKT, BGP, PEIX, and JCI.Ignore the MA’s on the 1-min/5-day charts below.
Makin it look easy as usual
$AFFX 7.38
out $affx 7.33
nice trades CA!
short $V 84.23…cause there’s nothing else to play
cov half $V 83.9879
cov other half $V 84.1599
child
Short $COH 33.42/43
cover half $COH 33.06
cover 1/4 $COH 33.16
Cov last 1/4 $COH 33.59
Bought $APD 67.9984
Sold 1/4 $APD 68.54
Sold 1/4 $APD 68.75
Sold 1/4 $APD 68.46
Sold final 1/4 $APD 68.51
Short $USO 35.145
cover half $USO 34.77
cover other 1/2 $USO 34.79
ATHX imminent BTFO
also presenting at a conf on monday 2/8… probably gap up pr, imo
Bought $AMTD 16.90
Sold $AMTD 1697