While this could turn out to be a pretty slow week if you are trading market correlated instruments, I would like you to consider a simple strategy for the next few days.
The “good” stocks, everyone’s favorites have gone and rallied already, leaving traders a tough decision…to chase or not to chase.
This is the perfect environment to run a search, looking for stocks that are weak today. I have 5 for you to watch.
BIDU
SODA
CLI
PBR
UNXL
All five of these stocks are currently down on the day, not participating in this rally. However, if you know me and my stlye, the day following a big rally is my favorite day to trade. While I made some good money into this pop, I usually make more on the days following. Momentum will be easier to find, and I can typically peg which stocks will be bought up tomorrow.
I dabbled in some July BIDU. Let’s see how it set’s up.
OA
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You hit a jackpot with PCLN, and I chickened out at $6.7, it is almost $10
GLUU about to SMASH here.
I wanted to buy GLUU, but Etrade limited my game today, even after the banking coin thanks to you.
About BIDU, did you get the July monthly ?
first thing today, base on your weekly watchlist post – I am long SHLD Jul 44 @.77. At that time, I also went long front dated BIDU 95’s – may average down. I appreciate your posts. Where can I learn more about your own site?
http://www.tradingaddicts.com
BIDU has sick seasonality in July
Does sick means it stays down ?
Goes up
short at will.
Put your money where your mouth is………
OA do you like INTC or ORCL on a swin here? Thanks.
Not my type of stock for swing trading.
I own INTC. Long term time horizon.
Diver DOWN!!!!!!!!!!!!!!!!!!!!!!!!!!!
Long way back to breakeven my friend.
Horrible.
Break out the vise.
made my profit already. Will short any silly ramp again. Market way overbought on just about every time frame
really? short at 50; cover at 49.3. rinse and repeat.
YOU LIAR.
You shorted TNA this morning at $48. Don’t think I didn’t see that. I have it here in front of me.
You will be banned for going back and editing comments. You suck dude.
I realize that. I also shorted at 50. Still holding the 48 short
Bush league dude.
You short the highest print in the TNA? LOL. Then go back and delete your first short entry? And you are making money?
Horrible dude.
wow – someone has a case of the Mondays
Who are you trying to fool Fly Jr? Yourself?
Thoughts on STP? Assuming solars continue to rock, could see nice gains IMO
Thanks for FSLR!
I own STP…
http://ibankcoin.com/option_addict/2013/06/25/planning-the-next-move/
Thanks OA ! FSLR hit 46.50 and more, so now where are you seeing this stock? hold or sell?
When in doubt, always book gains.
Thanks. Means not expecting much upside from here ?
I am super bullish on FSLR.
On the week, pick a top prior to Wednesday. That ought to be your exit plan, unless you bought more time.
Thanks OA. I bought stocks last week so as much as I want time frame 🙂 Next at 55, believable you think ?
I booked gain on PCLN too early… How do you know that it will end up at at least 840?
OA,
Are you still okay with SHLD and do you have a stop or point where you’ll want to dump it?
Am I still ok with SHLD….since my purchase?
yes
Since you are long term holder of INTL, what do you think MSFT for long term holding? Thanks OA.
Would buy it under $30.
The only reason I am in INTC is because the market let me buy it under $20.
shorted SSO at 78
DIVER DOWN!!!!!!!!!!!!!!
RUT will be puking next week
BANG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Longs getting squeezed.
Fraud.
This guy (head shaking)!
Ugly close again for bulls. Reality hits next week.
Cheater.
better start closing your long positions soon
fly jr sounds retarded. OA, did you purchase UNXL?
No, not yet. I am starting to like it though.
Perhaps tomorrow.
DIver down yet again. Longs to get raped
lol
Market going vertical.
really? we’ll see what the penny stocks all look like in a week or 2. This market is toast.
OA hit the jackpot on PCLN. This one is bigger than YELP
short another 2000 IWM at 98.4
Jr, how much TZA are you long and what is your basis?
low 30’s – have 5000 shares.
Don’t forget your papertrade short in TNA yesterday that you are getting murdered in.
out of the 50 short – still in the 48. sad that you can only see one side of the market. this week is the bulls last gasp
I traded both sides of the market. I made money. I prefer being on the right side. Too bad you don’t.
‘murdered’. LMAO. short at 48 and the stock is at 49.60
buy 5000 LINE at 29
BANG – HERE COMES THE REVERSAL!!!!!!!!!!!!!!!!!!
LOLOLOLOLOLOL
LOL at ‘market going vertical’