Stock Watchlist 1.11.11 ” Go with the flow” Today is 11111 pretty cool.
My trades from yesterday:
JASO (+330) IGOI ( +300 ) LOCM (-140) SIFY(+180). Total 4 trades. 1 loss +670. Stats gan be viewed here http://thelincolnlist.com/performance/
Most calls are made live in chat. Chat room opens at 8.30 EST
Monday was a repeat of Friday which I traded more than normal. If you review my stats over a long period of time you will see I average around 1 to 2 trades pr day but as of late it’s been around 4 to 5. This brings me to the tag line ” Go with the flow”.
I make most of my money shorting stocks, it accounts for roughly 85% of all the trades I make. However, I must be honest this market is not conducive to great shorting opportunities. Of course there are good shorts but the patterns I’m looking for are not there. They certainly will be there in the near future but why fight the trend. I’ve been trading for a long time and the name of this game is survival. It’s the moments when traders fight trends that they trade themselves out of the market. For now I will ” Go with the flow” and take what the market gives me. If you do the same you will live to tell about it.
PPHM REDF SIFYGKK JASO AMRN MSPD JSDA
Scanners ( no analysis only charts) ALLT WAVX KLIC
Previous Watchers still in play. SOLR ZAGG
PPHM
Had this featured on the watchlist a few days back as a buy on the 2.50 break. I thought for sure it would blow through that with authority but it didn’t, it was actually kind of lame. This may be a lot like IGOI and just churn upwards. We’ll see Tuesday
REDF
Nice technical breakout on the daily chart. Those tend to be powerful moves that last for days. Unfortunately, I got caught dragging my feet and played SIFYinstead. REDF was the leader and the rule is stick with the leaders. Congrats to “bender” in chat for seizing the opportunity and scoring big from the alert.
SIFY
I chose this one instead of REDF. It ‘s on a nice breakout but I think REDF is the gorilla.
Another daily chart breakout. The $3 was the trigger price and volume backed the move up. I like the continuation on this into Tuesday morning.
JASO
Solar was on a nice run with LDKgetting the lions share of the move. I like this chart out of the bunch. You got nice basing in the 6.70’s. If solar stays hot this is a good buy. If solar is weak I would short LDK
AMRN
Slowly inching up day by day with little pull back days. I like this as a long with a stop just below previous days low. Not sure it’s a power mover though
MSPD
Struggling somewhat with the 7.10 breakout zone. If this thing struggles in that area it will probably fade. I would look to short it on 7.10 failures or overall weakness
JSDA
I’ve been around the bin with JSDA in the past. I normally would short a pattern like this but I’m not sure it’s worth it. I probably won’t buy it either but maybe you’ll find a win in there
ALLT
WAVX
KLIC
