[WATCHLIST UPDATE]
I'm on a spontaneous holiday to Australia at the moment for the Easter holidays which is why there hasn't been any 'intra-day action' posts this week so far. Just sorted out my TOS platform on the computer here so will be looking to trade from tonight onwards. Apologies for any bad picture quality etc as I'm working off a one monitored Mac with a sluggish mouse just now.
Just wanted to cover a few signals that have been triggered on the watchlist this week so far. Also would like to give a shout out to a returning visitor from Estonia - thanks for checking out my blog.
Refer to the post here for technical analysis of the watchlist.
First off is RTN Raytheon, which was a hold into this week from last weeks watchlist. Here is the original chart, and I was looking at $38 again for another entry.
The $41.60 target has been reached for +$3.60 and RTN continues to look pretty good to me.
The potential short I mentioned in AMB was triggered off a double top at $18 at a resistance level. I was looking for $15 and it's currently at $15.80 with lows at $15.50.
I said I wouldn't trade this personally due to the nature of my account, but for any position traders or scalpers this was a nice setup even closing at $16 was a r:r of 15:1
CHK hasn't triggered yet but looks ripe for a breakout. If the next low is higher than $18.75 (which I think it will be, given the gap level) then we are forming an ascending triangle with a target of $23 in the short term.
CHK remains in the support and resistance ranges for all patterns mentioned on the watchlist post.
BHI was an easy short as it gave up $31 at the open on Monday. I have closed this trade given the double bottom yesterday at $28.50 for +$1.50.
I was short term bearish on WY and anticipated a pullback to $30. WY double topped at a resistance zone and has since sold off to $28 from $31.
Limit orders would have had you at a loss already on this, however a sharp trader wouldn't have gone long after that double top so we can assume a small loss for records here. I am bearish here.
Descriptive trade on the channel at HCP was triggered, down $2 and looking good. I would move a stop to $18.50 here to see it out to $17.
Longer term watchlist (check the dailies):
MRVL, hell of a battle at $10 but I'm feeling good about this. Anticipating a pop to $11 or so in the short term if it gets going.
JCP is also looking excellent here and I am bullish until $24 at the moment, but realistically I'm looking for $27.50. Long term trade was triggered at the close last night guys!
Trade also triggered at $16.25 on XLK. Stop at $15.85, would like to see $17.50 short term.
CSCO - rock or implode? implode by the looks of things. Big island reversal at the 200EMA and down over $2. Mentioned the stock but didn't give price levels as it wasn't a probable trade either way for me.
Also it looks like I meant $15.40 long on GPS not $15.50 as it hasn't been above that to pullback to that level. Volatile chart at the moment, looking for upward momentum. GYMB also selling.
No triggers quite yet
EWZ, AAPL.
Just wanted to cover a few signals that have been triggered on the watchlist this week so far. Also would like to give a shout out to a returning visitor from Estonia - thanks for checking out my blog.
Refer to the post here for technical analysis of the watchlist.
First off is RTN Raytheon, which was a hold into this week from last weeks watchlist. Here is the original chart, and I was looking at $38 again for another entry.
The $41.60 target has been reached for +$3.60 and RTN continues to look pretty good to me.The potential short I mentioned in AMB was triggered off a double top at $18 at a resistance level. I was looking for $15 and it's currently at $15.80 with lows at $15.50.
I said I wouldn't trade this personally due to the nature of my account, but for any position traders or scalpers this was a nice setup even closing at $16 was a r:r of 15:1CHK hasn't triggered yet but looks ripe for a breakout. If the next low is higher than $18.75 (which I think it will be, given the gap level) then we are forming an ascending triangle with a target of $23 in the short term.
CHK remains in the support and resistance ranges for all patterns mentioned on the watchlist post.
BHI was an easy short as it gave up $31 at the open on Monday. I have closed this trade given the double bottom yesterday at $28.50 for +$1.50.
I was short term bearish on WY and anticipated a pullback to $30. WY double topped at a resistance zone and has since sold off to $28 from $31.
Limit orders would have had you at a loss already on this, however a sharp trader wouldn't have gone long after that double top so we can assume a small loss for records here. I am bearish here.Descriptive trade on the channel at HCP was triggered, down $2 and looking good. I would move a stop to $18.50 here to see it out to $17.
Longer term watchlist (check the dailies):
MRVL, hell of a battle at $10 but I'm feeling good about this. Anticipating a pop to $11 or so in the short term if it gets going.
JCP is also looking excellent here and I am bullish until $24 at the moment, but realistically I'm looking for $27.50. Long term trade was triggered at the close last night guys!
Trade also triggered at $16.25 on XLK. Stop at $15.85, would like to see $17.50 short term.
CSCO - rock or implode? implode by the looks of things. Big island reversal at the 200EMA and down over $2. Mentioned the stock but didn't give price levels as it wasn't a probable trade either way for me.
Also it looks like I meant $15.40 long on GPS not $15.50 as it hasn't been above that to pullback to that level. Volatile chart at the moment, looking for upward momentum. GYMB also selling.
No triggers quite yet
EWZ, AAPL.
0 comments:
Post a Comment