IGT short trade

I did not play $IGT short trade, but love the 1 min pattern. How beautifully it formed without any spikes (check out my prior chart of $NKE, has many spikes on the chart), this one formed nicely in the same downward trend. Shorting it more and more and raising the stop with every time you short it would have given you lots of R's today. I had this stock on my gap list.

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IP 200 day bounce play

Check out this strategy.. works most of the time for a 50 % bounce off the prior high.

THe stock started goign down from 46.06 and it bounced off 45.27 that is the 200 day moving avg on daily. It almost bounced back till 45.8 which is much bigger than 50% target. This works most of the time and has a high probability of success

always play the bounce game off 200 on daily chart

The way to play this was to buy the stock at 45.3 and protect every 10 cents as it goes up after 45.5

NKE short day trade

I called $NKE to be short early on at 9:31 at twitter and stocktwits. I had started with a small size and added to the position when it failed to go higher than 75 after it attempted twice.
I exited close to 74.. 1st exit was 73.85 and 2nd tight got triggered at 73.8

I wanted to protect 74 whole number hence exited.

The reason to short it was because the support was way down at 70 and this one opened at 75. The pre market did not show a lot of strength and it was pointing low. When it failed to go higher than 75, that ws the signal that this can be played short. This is the counter trend trade

Check out my daily calls and learn my strategies at my blog. Please check my website where I teach my strategies and how to play my calls on twitter or stocktwits.

Gappers Sep 27 2013

GAP UP - $NKE, $FINL, $FL, $HALO, $MSFT, $SNTA, $AEM, $UA; DOWN - $BHP, $LL,$COH, $ACN, $DAL, $IGT, $IP, $PEG

APD long day trade

This was called on twitter and stocktwits at 9:32. Look at the clean 1 min chart, it worked out awesome with a 7 R trade. This was a very clean and neat chart.
You just need 1 of such plays weekly..

Gappers Sep 26 2013

GAP UP - $KBH, $BBBY, $AMBA, $APD, $ZTS, $COG, $FSLR, $CBST, $WPRT; DOWN -$HTZ, $JBL, $LLY, $A, $CAR, $ARCC, $AWAY

BAX short day trade

I called for $BAX short at 9:34 seeing the dip on 1 min chart. Below 69 was ideal, started small and added heavily as shown on the charts when the push to go up failed.
Exited at whole numbers

Called this trade as the trade was being formed