short term stock trading (US markets)

[WinningStockTrader]

previous day:
AG long: bought 23.60, new stop 23.30
TDC long: bought 51.72, move stop to 51.54
PCLN long: bought 530.60, move stop to 523.43
--------------------------------------
other open positions:
WTW long (75.32), move stop to 73.98
PDC long (15.32), move stop to 15.08
-----------------------------------------
new trades:
GORO long: buy limit 29.58, stop loss 28.74

LONG GORO

just broke out to a new 52w high,
trying to enter limit on a test
of the breakout area.
gold stocks have been lagging
gold price for a while...

 

[WinningStockTrader]

previous day:
GORO long: not triggered, canceled
----------------------------------------------
open positions:
TDC long (51.72): move stop to 52.41
PDC long (15.32): move stop to 15.24, add target limit 17.48
WTW long (75.32): move stop to 75.27
PCLN long (530.60): move stop to 529.30
-----------------------------------------------
closed positions:
AG long (23.60): 23.28 (stop), -1.35%

Markets are extended and the S&P is approaching major resistence. Despite a lot of good charts, it's not a good spot to open new long positions, and there's no good charts setups for short positions.

 

[WinningStockTrader]

open positions:
WTW long (75.32): move stop to 75.28
PCLN long (530.60): move stop to 529.70, add target limit 558.80
TDC long (51.72): add target limit 54.48
PDC long (15.32): move stop to 15.32, add target limit 16.08
-----------------------------------
new trades:
NAK short: sell stop 13.68, stop loss 13.92

SHORT NAK

after february top, clear medium
term relative weakness
for this gold stock,
topping formations in metals.
notice also NAK difficulty
to close above the opening price.
waiting for a break of support to short,
heading to the 200 days mov.average

 

[WinningStockTrader]

edit NAK: i forgot to add target limit 12.05

 

[WinningStockTrader]

previous day:
NAK short: shorted 13.67, move stop to 13.94
-----------------------------------------------------
open positions:
TDC long (51.72): cancel target limit, change stop to 1$ trailing stop
WTW long (75.32): add target limit 79.85, move stop to 75.90
PCLN long (530.60): move target limit to 542.40
------------------------------------------------------
closed positions:
PDC long (15.32): 16.08 limit, +4.96%

no new trades in bernanke's day...

 

[WinningStockTrader]

open positions:
TDC long (51.72): sell market
---------------------------------
closed positions:
WTW long (75.32): 75.89 (stop), +0.75%
PCLN long (530.60): 542.40 (limit), +2.22%
NAK short (13.67): 13.96 (stop), -2.12%
---------------------------------
no new trades:

Market are overextended to enter new long positions, but they're still closing around the high of the day and there's no good short setups. Notice the Dow Jones (DIA) which made a big green candlestick almost completly out of the upper bollinger band... Last time this happened was november 4th 2010, and a 3 weeks correction followed. Better to be careful

 

[WinningStockTrader]

PVX long

closed trades:
TDC long (51.72): 54.77 (market), +5.89%
------------------------------
new trades:
PVX long: buy stop 9.40, stop loss 9.28

PVX long:
one month long consolidation with a tight range. buying on a new 52w high,
which is also a break of long term resistence/support line

 

[WinningStockTrader]

MOS short

previous day:
PVX long: bought 9.40, move stop to 9.27
-----------------------
new trades:
MOS short: sell limit 76.39, stop loss 77.90

-------------------------

SHORT MOS

trying to enter limit on a bounce
just below the 20 days mov.average
weakest stock in a weak sector
(fertilizer).
big news like Bin Laden's death,
often cause short term
spikes/reversals in the markets.
especially when markets are overextended.

 

[WinningStockTrader]

April 2011 Results

April 2011 Results: +15.93%

11 Wins, 8 Losses, 1 Breakeven, Win/Loss Ratio: 3.69:1

CEDC short +0.69%
MAKO long +3.92%
AIG short +0.05%
BYD long +4.32%
AG long + 29.36%
NCR long -1.25%
BWC short +7.51%
PDS long -0.27%
LDK short -1.25%
JKS short +2.16%
ONNN short -0.41%
PAY long -1.08%
BRCM short +1.75%
MTW long -4.01%,
AG long -1.35%
PDC long +4.96%
WTW long +0.75%
PCLN long +2.22%
NAK short -2.12%
TDC long +5.89%

Note: this thread started on April 6 (NCR long). To see missing April trades visit: http://www.winningstocktrader.com/trades-blog.html

 

[WinningStockTrader]

previous day:
MOS short: not triggered, canceled
--------
open positions:
PVX long (9.40): move stop to 9.35
----------------------------
new trades:
UYM short: sell market, stop loss 59.25, target 54.04
GOOG short: sell market, stop loss 546.10, target 508.24
LCC short: sell stop 8.95, stop loss 9.11, target 8.41

see charts for comments:

 

[WinningStockTrader]

previous day:
UYM short: shorted 57.86, move stop 58.11
GOOG short: shorted 537.13, no change
------------------
closed positions:
PVX long (9.40): stopped 9.34
------------------
new trades
MWW short: sell stop 16.36, stop loss 16.78
BGU short: sell limit 90.05, stop loss 91.73

 

[WinningStockTrader]

previous day:
MWW short: shorted 16.36, move stop 16.60
BGU short: not triggered, canceled
------------------------
open positions:
GOOG short: no change
------------------------
closed positions:
UYG short (57.86): 54.04 limit +6.60%
------------------------
new trades:
FAS short: sell market, 90 cents trailing stop
AVL short: sell stop 8.60, stop loss 8.82

FAS short: sell limit 20.40, stop loss 30.06 (ALERT: modified!)

comments on charts:

 

[WinningStockTrader]

Iaci long, alb long

previous day:
AVL short: shorted 8.59, move stop 8.67, add target 7.54
FAS short: shorted 29.40, move stop to 30.09, add target 27.93
-------------------------
other open positions:
GOOG short: no change
-------------------------
closed trades:
MWW short: stopped 16.61, -1.53%
-------------------------
new trades:
ALB long: buy stop 68.36, stop loss 67.28
IACI long: buy stop 35.70, stop loss 35.23

ALB LONG

very strong beakout on april.
it corrected with the markets but
had a very strong reaction yesterday
to a downgrade.
and volume on the correction
looks good.

LONG IACI

buying above yesterday hihgh
very nice breakout on strong volume
and correction on low volume
during the overall markets correction

 

[WinningStockTrader]

PCX long

previous day:
ALB long: bought 68.73, move stop to 67.84
IACI long: bought 35.72, sell limit 35.64
-----------------------
other open positions:
GOOG short (537.13): no change
AVL short (8.59): no change
FAS short (29.40): no change
--------------------------
new trades:
PCX long: buy stop 24.04, stop loss 23.83, target 25.95


PCX long

on a wide sideways range for all year,
it's showing some relative strenght lately
vs the other coal stocks.
it's bouncing on April low support
and had a couple of gaps up.
it should benefit from an oil bounce

 

[WinningStockTrader]

no new trades for today

previous day:
PCX long: bought 24.20, move stop to 24.05, move target to 25.64
--------------------
other open positions:
GOOG short (537.13): no change
FAS short (29.40): no change
ALB long (68.73): no change
AVL short (8.59): move target to 8.17
-----------------------
closed positions:
IACI long (35.72): 35.22 (stop) -1.40%

 

[WinningStockTrader]

GLNG long, REE short

open positions:
GOOG short: move target to 538.12
FAS short: move target to 20.40
ALB long: move stop to 68.95, add target 77.82
PCX long: no change
---------------------
closed trades:
AVL short (8.59): 8.17 limit: +4.89%
---------------------
new trades:
GLNG long: buy stop 30.50, stop loss 29.95
REE short: sell stop 12.98 with a limit of 12.79, stop loss 13.07

long GLNG

impressive action in the last
coouple of months with good
upside volume.
huge relative strenght vs
the tanker sector, which just started
to wake up little bit.
waiting for GLNG to break
resistence and resume the uptrend

REE SHORT

can't really bounce on short
term support which is also
an important long term support
(december gap up, march bounce
and october tops).
weaker charts than AVL (competitor).
shorting on a break of support

 

[WinningStockTrader]

scco short

previous day:
GLNG long: not triggered, canceled
REE short: shorted 12.89, add target 11.79
-----------------
other open positions:
ALB long: no change
------------------
closed positions:
FAS short (20.40): 20.40 (limit), 0%
GOOG short (537.13): 538.12 (limit) -0.18%
PCX long (24.20): 24.04 (stop), -0.66%
-----------------
new trades:
SCCO short: sell stop 34.61, stop loss 35.15


SHORT SCCO

after a 1 month consolidation
of the downtrend
it just broke support,
it didn't move during the recent
metals correction, but it seems
ready for another leg down now.

 

[WinningStockTrader]

previous day:
SCCO short: shorted 34.60, add target 31.43
--------------------
other open positions:
REE short: move target to 12.03
--------------------
closed positions:
ALB long (68.73): 68.91 (stop), +0.26%
-------------------
new trades:
TWI long: buy stop 28.51, stop loss 27.97, target 29.78

TWI long just made a low shadow doji right on breakout support and long term trendline. It's a very good risk reward opportunity. Titan International is a wheels and tires supplier to the construction/agricoltural/mining machinery sector who got beaten up recently, but this didn't damage its uptrend. Buying above yesterdays high.

 

[WinningStockTrader]

nxpi short, tzoo short

previous day:
TWI long: bought 28.55, stopped out 27.96, -2.06%
------------------
other open positions:
SCCO short (34.60): no change
------------------
closed positions:
REE short (12.89): 12.03 (limit), +6.67%
-------------------
new trades:
NXPI short: sell stop 29.27, stop loss 30.17
TZOO short: sell limit 71.34, stop loss 72.90

 

[WinningStockTrader]

sol short, stec short

previous day:
NXPI short: shorted 29.26, move stop to 29.78, add target 24.70
TZOO short: not triggered, canceled
--------------------------------
closed positions:
SCCO short (34.60): 35.17 (stop), -1.65%
--------------------------------
new trades:
SOL short: sell stop 7.99, stop loss 8.15, target 7.16
STEC short: sell stop 14.71, stop loss 14.95, target 13.53

SOL SHORT

it's breaking below long term support.
shorting below yesterdays low.
clear downtrend for most solar stocks.

SHORT STEC

not a lot of buyers coming in
for a rebound, it's forming a
bearish flag on support.
shorting on a break
below fridays low.