Market Index and Trade Reviews of $GMCR $PCX

MARKET REVIEW JULY 5, 2012

$DJIA DOW JONES INDUSTRIAL AVERAGE: -.35%

$SPY S&P 500 : -.29%

$QQQ NASDAQ: .01 %

All 3 market indices closed pretty flat  for the day, making it easier for traders to identify stocks where money was flowing into. Lot of stocks with high short interest like $FIO $NFLX $GMCR $DRYS $GNK saw short squeeze in them.

ONLINE TRADING CHAT ROOM

There were some amazing trades taken by our traders in our free live online trading chat room today.

Here are two of the most lucrative trades. All the stock trades were called out with the stop loss pre-detemined before entering the trade. If you are interested in joining our trading roomemail me at dchsn6@gmail.com

$GMCR STOCK CHART TRADE REVIEW

Image

A lot of stocks with high short interest were getting a lot of momentum during the day and $GMCR was just consolidating near its highs.

1st trade was on the break of consolidation, on the break of intraday highs we took our 2nd trade and scaled it out for nice profits.

$PCX STOCK CHART TRADE REVIEW

Image

The coal sector which has been one of the beaten down names has been getting of momentum and interest in the last few days and we saw $PCX coming out of the range, we took the first entry on the break of consolidation, we then added more on the break of intraday highs and then scaled it out infront of  daily resistance for maximum profits.

EMAIL STOCK NEWSLETTER SIGNUP

Thanks for reading and cya in our online live trading chat room soon.

dchsn6

Advertisements
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: