Trade Plan For 8/14
Market Condition:Bullish bias, but don't have any expectations of another big up day.
Long Focus:
- CYH
- VMW
Short Focus:
- HUN
- APC
…
Longs:
CCI
PEP
FB
CTB
RHT
CYH
TWTR
ONVO
FWLT
DDD
HCA
HPQ
ALGN
VMW
INTC
Shorts:
COG
APC
FTI
HUN
TSLA…
Existing Position: HPQ: Long 35.34 ATR .63
Name of Instrument: Hewlett-Packard
Sell Stop: 34.19
Current Price: 35.30
Reason For Trade: A good example of buying on an opening range reversal buy on a strong stock that has cleared the 80 …
The divergence in the market continued today. As IWM under performed and staying under the 200 DMA in a distribution phase. The QQQ’s on the other hand show real strength today as they rallied back towards the highs at 97.51. …
Longs:
CTB
EL
SCCO
HPQ
RHT
INTC
CYH
HUN
ONVO
PRU
FWLT
DDD
LGF
WMT
JPM
SNI
YOKU
THC
TSLA
PNRA
TBT
Shorts:
APC
FTI
TRN
ALGN
DISH
BID
HAL
QCOR…
I do see the possibility that the rates have bottomed. Maybe this isn’t the exact tick of the bottom, but the breadth or strength of the move in TLTs is waning.
Therefore, one has to keep thoughts on the fallout …
Existing Position: HPQ: Long 35.34 ATR .63
Name of Instrument: Hewlett-Packard
Sell Stop: 34.19
Current Price: 35.14
Reason For Trade: A good example of buying on an opening range reversal buy on a strong stock that has cleared the 80 …
Longs:
CTB
KMX
PANW
FB
EL
FWLT
WMT
LGF
EHTH
LULU
MRVL
DDD
RHT
YOKU
SFM
SNI
PM
CYH
SWKS
Shorts:
ALGN
QCOR
CHK
AMZN
TSO…
Although great to see some follow through after the outstanding conclusion of last week considering the week began looking like an abyss, not much happened according to current phases in the indices.
So, here’s the rub-is this a triple bottom …
***NOTE: JBLU: Now that we have 2 ATRs can go to a breakeven stop 11.07 leave P1 12.24 market if touched for 1/2 off
++++++++++++++++++++++++++++++++++++++++
New Position: HPQ: Long 35.34 ATR .63
Name of Instrument: Hewlett-Packard
Sell Stop: 34.19
Current …