Breakout Trading using Time and Sales

This is a discussion on Breakout Trading using Time and Sales within the Trading Journals forums, part of the Reception category; Long RSH from 20.34 Target: 21.00 Stop: 20.35...

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Old Nov 9, 2009, 4:07pm   #73
 
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amit1986 started this thread Long RSH from 20.34

Target: 21.00

Stop: 20.35
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Old Nov 9, 2009, 4:14pm   #74
 
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amit1986 started this thread RSH closed at 20.39 due to selling pressure and strong resistance around 20.50 area. If it breaks again, I may take an entry again.
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Old Nov 12, 2009, 3:51pm   #75
 
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amit1986 started this thread Got a few stocks to watch today. Besides the all-known acquisition between HPQ and COMS, JDSU, WMT, AMD, and BRCD. Nothing specific setting up at the moment, though I am keeping an eye on WMT.
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Old Nov 12, 2009, 4:43pm   #76
 
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amit1986 started this thread There have been a few breakouts, but Time and Sales never confirmed an entry on most of them. WMT did break to new highs prior to 10am, but Time and Sales never showed enough momentum to confirm the entry. Did take two trades, but momentum suddenly turned around and I was quick to get out and breakeven on those two trades.
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Old Nov 13, 2009, 3:17pm   #77
 
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amit1986 started this thread RINO trading up from yesterdays close in pre-market significantly. Now up by more than $4 @ $27.90 from yesterdays close of $23.38. This is due to better than expected earnings it posted this morning.

Lots of other stocks on the watch list for today, will post some a little later.
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Old Nov 13, 2009, 3:50pm   #78
 
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amit1986 started this thread Some other stocks to watch today: DIS, ANF, COST, JCP, LVS, and SUN.

Also, I've put an alert on URBN to remind me when it reaches 34.25, which is the 52-week high for the stock. A break out of 34.25 could spark some buying pressure.
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Old Nov 13, 2009, 4:34pm   #79
 
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amit1986 started this thread Watching MOS with a view of taking a short. Previous days low, which was support, has now become resistance. Low of day = 48.75. There is also the formation of a slight descending triangle.
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Old Nov 17, 2009, 3:03am   #80
 
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amit1986 started this thread Although the markets are closed right now, I will be keeping an eye on SPWRA during tomorrow's trading session. The company reported that its internal review identified "unsubstantiated accounting entries". As a result of these news, the stock is trading down post-market -6%.
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