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We focus on trading strategies that have historically given traders a significant edge when it comes to investing in the stock market. We have worked under and have been trained by some of the top investors of the past 25 years including WILLIAM O’NEIL(bestselling author and founder of investors... More
My company:
Global Chart Analysis
My blog:
Better Stock Entries
  • Stocks We would Sell 0 comments
    Jan 20, 2010 3:53 PM | about stocks: CSIQ, VECO, ININ, NSC, QCOM, DRQ, WX, BWY, SLW, CHKP, DFG, CAGC, CYMI

    When the market whipsaws up and down like this it can signify a change in trend. Not sure exactly what the volume in the market is today but think it is higher again. This combination of whipsaws, breaking down of past strong stocks and heavy volume down days and light volume up days are 3 important things to watch. We are continuing to tighten stops on all positions and pulling the plug on stocks that aren't working.  Get you ego out fof the way, close the position and move on to the next trade. This is why most traders fail and get taken out of the game.

    We have noticed that many of the former leading stocks have been breaking below the 50 day MA. If we see this happening we will look to close out those positions.

    Wednesday Setups

    Most of our setups for today did not trigger.  This is why we need validation of our trades to trade through our price triggers. If they don't breach that area the trade is scratched and in days like this you are kept out of big losing trades.

    Unfortunately sometimes you will get a reversal off the open where you get triggered and then the stock moves lower.  This happened today in CSIQ. CSIQ is down off our trigger price and if it can't hold support here or close strong then we will keep a tight stop on it tomorrow and just close the trade.

    Some of our other new setups for today are actually doing well despite a terrible day like this.

    VECO and ININ are holding strong.

    Remember it is wise to heed our market timing indicators when trading.  Our screens told us we could have a day like this and that it was a higher risk day to trade.  That also means look to take more profits and lessen ones exposure. Here is some of what occurred today with our open positions

    Open Positions

    Many of these have been profitable trades but those trades are done

    Stopped out on NSC

    HRBN is reversing to break through it's 50 day MA on heavy volume. Would close

    INSU closed out

    Close QCOM

    Looking to close out DRQ

    WX stopped

    Would close out BWY if still hold a position

    Stopped out on SLW with 2nd 1/2 position

    CHKP possible failed breakout. Keep a stop at breakeven

    DFG would close out

    CAGC would close out

    Would would close out CYMI

     Thanks,

    www.betterstockentries.com

    Disclaimer:

    betterstockentries.com ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

    It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

    HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

    betterstockentries.com

    More later



    Disclosure: NO POSITIONS
    Stocks: CSIQ, VECO, ININ, NSC, QCOM, DRQ, WX, BWY, SLW, CHKP, DFG, CAGC, CYMI
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