ULTA earnings

ULTA is gapping up to 92 pre market. I think this will go higher when it opens tomorrow. If it opens close to 92, it is a good sign since it is above 200 day moving avg. I think this may go to 95-96 tomorrow. Lets wait and watch.

If the 1st 5 min bar is not strong, then will be interesting to see if the gap fades.

QCOR short

I called for shorting QCOR at 9:33am and then asked to add to the position below 47.8 at 9:36am.
Took profits on the whole numbes at 46, 45, 44 and it worked out beautifully. Awesome trade on this one.
Check out my calls on stocktwits and twitter

CAT swing

I like CAT and prefer to buy it close to 80. There is a lot of support in that area, anywhere close to 79-82 is a buy. The negative on this stock is that it went above 200 day moving avg, and then went down again, making a lower low. On weekly chart as well, it shows weakness.
But 80 has a lot of support and can be played on the bounce.

TSLA day trade

If TSLA holds 100 tomorrow and goes above 103, I am buying it as a day trade stock. I have posted this stock for swing with a final target of 140.
But I like to play it on day trade if this holds 100 and then moves higher.
Right now pre-mkt it is showing close to 99, but that may change. Will wait and see how this works.

BIDU swing

I had called for BIDU swing way back on May 11 and then again on May 23rd. Check out how well it worked. Lots of upside to this one.
Call on May 23rd - http://agaptrader.blogspot.com/2013/05/bidu-swing.html
Call on May 11th - http://agaptrader.blogspot.com/2013/05/bidu-swing-play.html

MON 200 day ma

200 day moving avg is so powerful. This is an example chart that I wanted to show to illustrate the power of 200 day moving avg. On the intra-day , this chart held the 200 day moving avg and went up from there.
Always play the bounce off the 200 day moving avg. this is a quick turn around.
Inspite of the fact that the average line is nothing but an imaginary line, so many people believe it that it becomes a self fulfilling prophecy.

KNDI play

This stock has been historically a low volume stock with volume less than 100k. I generally do not play such low volume stocks.
In the last 5 days however, the volume has spiked.
No trade for me on this one.