Friday, August 21, 2009


10 minutes to go I'll take the little drop and be done for the day


POT

POT is breaking intraday support right here and now



markets stalled at previous high, a good place to exit the trades

QQQQ














DIG














ERX


Oil is moving up ERX DIG at highs

ERX
















DIG

covered FSLR, I'll be ready for if it is shows more weakness


When I see a stock that is moving opposite of the markets in this case FSLR dropping during a market bounce, I believe the probability is for it to drop with more gusto if the markets start to drop again. It's a very low risk trade, except for the large spread FSLR always has.


FSLR













S&P and QQQQ

Playing the odds, hunting for opportunities




Looking at the QQQQ rolling over a few minutes before the afternoon session typically starts, I'm looking at stocks that will take advantage of the weakness. LRCX, FAZ, SRS and the other inverse ETFs come to mind. If we get a bounce instead I would go with stocks that are near their highs or just trade the ETF the other direction.
Constantly be on the hunt for stocks that will be pushed along with whatever direction the market momentum moves in.
QQQQ shown here.



LRCX


















FAZ

High probability set up



High probability set ups are still out there regardless of what the
chicken littles are saying about
high frenquency trading robots.

ILMN














ILMN an hour and a half later and still dropping