TraderMarket247: 2010-01-17

Friday, January 22, 2010

The ACOR TRADE

What a crazy day today. I traded whole bunch of securities such as... Long PARD SOMX GNVC and Short AIG...etc but one of the most exciting trade was ticker $ACOR.

FDA approval news came out around 3:35 ET. I immediately pull up both 5min/1min chart of ACOR anticipating a secondary breakout. After 17 mins of consolidation from the initial spike-up the stock was setting up for a breakout again, which triggered my buy at $27.41 (3:52ET) and sell $29.18 (3:53ET) in less than a minute.

Trading ideas for Jan 22, 2010

SHORTS: REV ORA AM

REV

ORA

CPWR update

CPWR manage to make a 2%+ gain on a day with Dow dropping 200+ points and Vix spiked nearly 20%. This is why you only want to trade the best setup because you will either minimize your losses or you will bank coins but you will never lose your shirt. Let's take a look at the chart.

CPWR Premarket chart

Aftermarket Chart

Thursday, January 21, 2010

Pre-Market Movers..

I have been watching these two names very closely. Please pay close attention to the levels drawn on these charts.

KERX

Like it above $3.00

SNSS

Like it above $1.53.

Update ===========

KEY also looking good this morning. The stock brokeout of multimonth resistance in premarket trading. (See chart below)