Thursday, December 19, 2013

TRADE IDEAS FOR THURSDAY, DECEMBER 19, 2013

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PRLB – long trade
PRLB reached monthly 10sma support area, weekly price support area,
and daily 200sma support area and on the daily chart we can see CCI divergence
and I think that is opportunity for bounce. Usually CCI initial bounce target
will be 20sma area and from that I will start with PRLB


BLMN SHORT TRADE

DLTR SHORT TRADE



AA broke over a flag or pennant today, with a little heavier volume, and an "equal move", "COULD", be pointing to a target of $10.90, stop would be under $9.50, naturally. 

TRADE IDEAS FOR TUESDAY, DECEMBER 17, 2013

VMW LONG TRADE:



DAN SHORT TRADE:



EQIX LONG TRADE:



TRADE IDEAS FOR MONDAY, DECEMBER 16, 2013
FNSR- LONG TRADE

Long over the triangle on the 60 min chart in the lower right corner, use your own stop parameters.


SPXS- LONG TRADE

Over the ascending triangle on the 60 min chart in the lower right corner, or over the high of the day, use you own stop parameters.
This is a 3X BEAR fund, and as such it should NOT be considered an "investment".
PERSONALLY, I think after four days down and an INSIDE DAY, the "odd's" are, probably, that we go higher, but, HEY, YA just never know.


In searching through YouTube for box spread ideas, like how to hedge a long stock position while buying at at or in the money calls and then selling double the calls at a higher price to capture more upside on a weekly basis, I ran across an old John Carter (of Mars, hahahaha) video of what he uses to trade on his chart set ups, Ya know, when he takes those 1,000 lot Butterflys and makes $50K a day, hahahahaha, of course, he never talks about the days he LOSES $50K, but, hey, what the heck, ANYWAY, I was a member of his room for a year about a decade ago, when I was a member of "Trade the Markets", or Larry Connors site, and I SWEAR, he never explained it like he does here:

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