Archive for February, 2013

$SPY $QQQ Market Update: Long bonds

There has been a lot of weakness in the market in the past few days as the breadth in the market has declined. We have closed our long positions from 140 buys to 151 for a nice 8% gains (https://dchsn6.wordpress.com/2012/11/28/why-i-went-long-spy-today/ ). We have initiated a long bond position at 117 today. In simple terms, equity is not a place we want to be, bonds are a better bet based on our proprietary tools.

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TRADE REVIEW $LULU

First real distribution day in $SPY $QQQ $ES_F. If your trying to go long, have to stay nimble and trade only the best setups. That’s what I got in $LULU, one of my fave goto setups 🙂

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

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$SPY $QQQ $ES_F Market update

Congratulations to all my blog readers who have emailed me about their nice profitable gains, since following my call from long $SPY from 1400s as per my Nov 28,2012 post https://dchsn6.wordpress.com/2012/11/28/why-i-went-long-spy-today/  . As Jesse Livermore said ‘ Be RIGHT and SIT TIGHT’ . We are currently trading at 1531.5 on $SPY todays and up a nice  130 points+. Enjoy the ride, till we signs of cracks in the market :).

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TRADE REVIEW $QCOR $KORS

$SPY $QQQ $ES_F still in easy grind up mode, all shorts are still getting burnt trying to eye that pullback. As traders, we have to be looking at only price-action, remember price is what pays not opinions. These are the best markets to trade with lots of action all around.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

$QCOR

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$KORS : my fave goto setup 🙂

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TRADE REVIEW $C

$SPY $QQQ is still not seeing that push to the upside, we are consolidating through time which is bullish even a slight pullback is constructive as well , as it will set the charts a lot better to trade.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

 

For trading it’s really important to do your market prep well before the market opens, $C was the top stock to watch on my list today and when you done a good research all you gotta do is follow your plan and withing 10 minutes of the day the trade was done. Profits in the bank 🙂

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TRADE REVIEW $CELG

Easy day in the markets , $SPY $QQQ $ES_F are still in full on bullrun, with no stopping. We caught a trade in $CELG, 3 attempts in this stock before it actually started running in the 3rd trade which was a massive gainer 🙂

 

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

 

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