CAT swing looks good now to start a small position. Best to buy above 88 above the 200 day moving avg. But it is a good start now because it is at the bottom of the range and most likely the 80 level may hold.
Start small
Here is my earlier post on $CAT - http://agaptrader.blogspot.com/2013/06/cat-swing.html
Friday, June 28, 2013
Sunday, June 16, 2013
Thursday, June 13, 2013
WMB long
WMB trade worked out beautifully. This was a monstrous trade for me. I started it initially as a speculative trade since it dropped on some news and dropped rapidly. I expected it to go back to 34. Check out my tweets/stocktwits where I have mentioned every move of this play.
I waited on this since it was struggling to go above the 33 support. Once it started, after another small drop, I started to add to my position and kept adding as shown in the charts. I had a lot of position in it, one drop would have killed me. It went on my favor and I exited and protected 34 as indicated and was all out.
I waited on this since it was struggling to go above the 33 support. Once it started, after another small drop, I started to add to my position and kept adding as shown in the charts. I had a lot of position in it, one drop would have killed me. It went on my favor and I exited and protected 34 as indicated and was all out.
Wednesday, June 12, 2013
AAPL in range
AAPL is in the range right now. Going above 450 is a good buy. It may test 420 support. IT has been in this range for sometime now. Some catalyst is needed to break the monotone.
FSLR gap down
FSLR gaped down and it is now below 50 which has become the resistance. Here is what I thought about the next support testing on FSLR around 45 and if that breaks to about 40.
Above 50 this is good.
This is what I said yday - http://agaptrader.blogspot.com/2013/06/fslr-gap.html
Above 50 this is good.
This is what I said yday - http://agaptrader.blogspot.com/2013/06/fslr-gap.html
ROST below range
ROST was in range for a long time and I liked it going above 66. That did not happen and now it has fallen below 64 to close at 63.5.
It will be interesting to see what happens tomorrow, if if flips back into the range like it did 4 days back. Support now is at 62 and at 200 day moving avg at 60.8
Here are my other analysis on this:
http://agaptrader.blogspot.com/2013/05/rost-still-in-range_31.html
It will be interesting to see what happens tomorrow, if if flips back into the range like it did 4 days back. Support now is at 62 and at 200 day moving avg at 60.8
Here are my other analysis on this:
http://agaptrader.blogspot.com/2013/05/rost-still-in-range_31.html
LULU short
I did not play it, just noticed the chart was so nicely formed that I thought I will put it here to show you the 5 min short play. This pattern has a very high probability of working. The 1st bar is a good nice red bar on 5 min, then there are few bars that pull in to the lower half of the 1st bar, then it starts to go down, short such patterns and enter full size, with stop over the smaller bars high. Exits on the whole numbers and protect your position.
Memorize this pattern and if you see it play it.
Memorize this pattern and if you see it play it.
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