Thursday, May 23, 2013

PETM long

Called PETM long holding 70. Check out how I played it and added to the position. After adding, it was a cautious move but 70 held so I was in the trade. Took profits on the prior highs of the day.

DLTR long

Check out how to play dltr. I called it yesterday to go long above 50. Holding 50 is key. took profits on whole numbers, it pulled back, could have played again.
Do not get stopped by one big bar drops on 1 min. these can be just profit taking bars or bad ticks (not in this case), the pattern then resumes most of the time.

Wednesday, May 22, 2013

DLTR swing

DLTR needs to go above 50 to be meaningful, will see higher numbers. But can be played cautiously on the support lines as shown on the charts

TRLA swing at support now

TRLA looks like a good swing but it has to hold this now. If it drops, it may test 24. Going down it can be shorted.

ROST in range

ROST is in a tight range which is good. It is consolidating here. going higher in this range will go to 70 target or going down it can test 200 day moving average about 62

HPQ long

HPQ did good in earnings today so the pre-market trade is going about 24.2 . This stock holding 21.75 is very nice. But this is giong to open a lot higher, so have to see how it works out tomorrow.
It can be a fade gap or can be a powerful gap up and tends to go higher.
Chart will reveal itself tomorrow.

AMZN swing

AMZN is in a range bound. It needs to go up or down the range in order to get some break in its price range. You can still play it short at 270 or go long at 255