Seeking Alpha

Pro Stock Pickers'  Instablog

Pro Stock Pickers
Send Message
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... More
My company:
Global Chart Analysis
My blog:
Better Stock Entries
  • Trade Setups and Trade Plan for Tuesday March 23 0 comments
    Mar 23, 2010 3:44 PM | about stocks: SNDK, QQQ, SPY, IWM, HMSY, ANR, JDAS, HUN, CTRP, GRA, CREE, MELI, SHOO, MTW, CLNE, CHS, TIF, MGM, BVN

    MARKET DIRECTION
    Monday’s session started off by gapping lower but quickly found momentum to the upside. Many stocks hit lower lows but quickly reversed to reclaim their former support levels. This is very bullish action but 1 thing to be wary of is we reversed higher on low volume. Regardless, it gives us the go ahead signal to attempt some more high probability setups.
     

    OPEN POSITIONS
    BVN IN TROUBLE- Would close if it trades any much lower

     

     

    HMSY UP 9%

     

     

    ANR-Second ½ stopped out at breakeven after our setup ran over 12% in a couple weeks.  The stock gave it all back in 3 days. Plenty of opportunities to take profits on the way up

     

     

    SNDK hit our support areas and took off nearly 5% today.

     

     

     

    NEW SETUPS
    Here is what we see for Tuesday
    We would look to get in the following stocks if they trade above the following prices

     

     

    JDAS 28.16

     

     

    HUN 13.04

     

     

    CTRP 36.90

     

     

    GRA 28.90

     

     

    MELI 47.09

     

     

    CREE 70.77

     

     

    SHOO 44.84

     

     

    MTW 13.08

     

     

    CLNE 21.11

     

     

    MGM 12.78

     

     

    CHS 14.67

     

     

    TIF 47.59

     

     
    Are you looking for stocks that make quick moves like this?

    If you aren't a member yet what are you waiting for?
    Try our service for 7 days . TRY NOW


    Thanks, 

    Better Stock Entries

    Global Chart Analysis

     

    Disclaimer:Global Chart Analysis and http://www.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.http://www.betterstockentries.com
    603 S. Prospect Ave
    Redondo Beach, CA 90277

    Disclosure: No Positions
    Stocks: SNDK, QQQ, SPY, IWM, HMSY, ANR, JDAS, HUN, CTRP, GRA, CREE, MELI, SHOO, MTW, CLNE, CHS, TIF, MGM, BVN
Back To Pro Stock Pickers' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • NVDA is still running and up 36% from our Oct 13 entry point. Could hit $18 area but will most likely take a breather there
    Dec 7, 2010
  • Liking our DIN setup from this morning. Will look to lock in a quick 2 points on 1/2 positions and move our stops to breakeven to let it run
    Dec 7, 2010
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.