Trade Ideas For Wednesday

ALJ – Like this one here on strength, while using the 20 day moving average to manage the trade. A move back below the average takes me out:

Screen Shot 2014-07-22 at 11.44.47 PM_______

PQ – I like location here as it sits on the 50 day moving average. I’m a buyer on strength with a stop below Tuesday’s low, 6.51:

Screen Shot 2014-07-22 at 11.46.01 PM_____

TOUR – Nice long base from this recent iPO, I’m eying a long on further strength:

Screen Shot 2014-07-22 at 11.47.19 PM______

ZAGG – Love the way this one is flagging out here. A move above Tuesday’s high triggers a buy signal, keep it on watch today:

Screen Shot 2014-07-22 at 11.47.49 PM ____

 

Bought Triple D

Bot $DDD @ 55.94, stop under 55, which is also the 100 day moving average. The 3D space is ripe for a bounce here:

Screen Shot 2014-07-22 at 9.51.20 AM

New Long

I’m back in $TWTR as it is bouncing nicely off the 50 day moving average. I’m using the day’s low as my stop. Here’s a look at the daily chart:

Screen Shot 2014-07-18 at 2.02.22 PM

Trade Ideas For Thursday

I couldn’t tell you which way we are headed in the short term, but I can tell you the action Wednesday was uninspiring.

Here are a few trades I will be watching Thursday:

LNKD – Watch for a breakdown here with the close below the 50 day moving average. A little more weakness will trigger panicky sellers. I like it on the short side, for a trade, with weakness across the social media names:

Screen Shot 2014-07-16 at 9.57.10 PM______

TRIP – Another one worth watching on the short side if things fall apart here. Below 101.46 and this one can unravel quickly.

Screen Shot 2014-07-16 at 10.01.02 PM_______

GORO – I love when I see a chart setup with converging moving averages. Notice all my moving averages (200, 100, 50 & 20) coming to a head, creating a nice area of support for the stock. All we need is a little traction from gold and this one is off to the races:

Screen Shot 2014-07-16 at 10.15.52 PM_____

CRUS – Here’s another name i’m looking to buy on strength. A move above 24.04 will trigger a buy, keep it on watch here:

Screen Shot 2014-07-16 at 10.17.45 PM______

See you guys at the open, and make sure to drop by our trading room, 12631, to trade with us in real time. Should be a fun day.

Trade Ideas For Wednesday

Here are a two names I will be watching tomorrow that come straight from my momentum screen inside The PPT:

UNXL – I own some of this and looking for a breakout above Tuesday’s high, 8.25. Keep it on watch here:

Screen Shot 2014-07-15 at 7.56.01 PM_______

CLF – I’m looking to buy strength here with a stop under recent lows. Slow Stochastic also gives the buy signal for a swing, let’s see if we can find a good entry:

Screen Shot 2014-07-15 at 7.59.33 PM___

What are you guys looking to trade Wednesday?

New Long

I bought $FUEL @ 23.60, while placing a $1 stop under the recent lows. The stock made my runner screen this morning, and volume is starting show up here. The daily chart is also ripe for a bounce with the slow stochastic giving the buy signal. Watch for a squeeze:

Screen Shot 2014-07-11 at 11.43.44 AM

Trade Ideas For Wednesday

ALJ – Like this one here on strength, while using the 20 day moving average to manage the trade. A move back below the average takes me out:

Screen Shot 2014-07-22 at 11.44.47 PM_______

PQ – I like location here as it sits on the 50 day moving average. I’m a buyer on strength with a stop below Tuesday’s low, 6.51:

Screen Shot 2014-07-22 at 11.46.01 PM_____

TOUR – Nice long base from this recent iPO, I’m eying a long on further strength:

Screen Shot 2014-07-22 at 11.47.19 PM______

ZAGG – Love the way this one is flagging out here. A move above Tuesday’s high triggers a buy signal, keep it on watch today:

Screen Shot 2014-07-22 at 11.47.49 PM ____

 

Bought Triple D

Bot $DDD @ 55.94, stop under 55, which is also the 100 day moving average. The 3D space is ripe for a bounce here:

Screen Shot 2014-07-22 at 9.51.20 AM

New Long

I’m back in $TWTR as it is bouncing nicely off the 50 day moving average. I’m using the day’s low as my stop. Here’s a look at the daily chart:

Screen Shot 2014-07-18 at 2.02.22 PM

Trade Ideas For Thursday

I couldn’t tell you which way we are headed in the short term, but I can tell you the action Wednesday was uninspiring.

Here are a few trades I will be watching Thursday:

LNKD – Watch for a breakdown here with the close below the 50 day moving average. A little more weakness will trigger panicky sellers. I like it on the short side, for a trade, with weakness across the social media names:

Screen Shot 2014-07-16 at 9.57.10 PM______

TRIP – Another one worth watching on the short side if things fall apart here. Below 101.46 and this one can unravel quickly.

Screen Shot 2014-07-16 at 10.01.02 PM_______

GORO – I love when I see a chart setup with converging moving averages. Notice all my moving averages (200, 100, 50 & 20) coming to a head, creating a nice area of support for the stock. All we need is a little traction from gold and this one is off to the races:

Screen Shot 2014-07-16 at 10.15.52 PM_____

CRUS – Here’s another name i’m looking to buy on strength. A move above 24.04 will trigger a buy, keep it on watch here:

Screen Shot 2014-07-16 at 10.17.45 PM______

See you guys at the open, and make sure to drop by our trading room, 12631, to trade with us in real time. Should be a fun day.

Trade Ideas For Wednesday

Here are a two names I will be watching tomorrow that come straight from my momentum screen inside The PPT:

UNXL – I own some of this and looking for a breakout above Tuesday’s high, 8.25. Keep it on watch here:

Screen Shot 2014-07-15 at 7.56.01 PM_______

CLF – I’m looking to buy strength here with a stop under recent lows. Slow Stochastic also gives the buy signal for a swing, let’s see if we can find a good entry:

Screen Shot 2014-07-15 at 7.59.33 PM___

What are you guys looking to trade Wednesday?

New Long

I bought $FUEL @ 23.60, while placing a $1 stop under the recent lows. The stock made my runner screen this morning, and volume is starting show up here. The daily chart is also ripe for a bounce with the slow stochastic giving the buy signal. Watch for a squeeze:

Screen Shot 2014-07-11 at 11.43.44 AM

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