Vegas Here I COME!!!

I bought the dip on CNOA today (Doesn't make sense technically). Well, I have been holding since $0.55 so I got a lot of buffer. Anyway, I'm off to vegas for the rest of the week. Hope you guys bank it for me while I am gone.

Twitter me (@tradermarket247) or email me (tradermarket247@gmail.com) if you guys have any questions. I'll still watch the market while in Vegas.

SPX update

TKO SETUP

Would give it a shot if it breaksout previous high with volume. Very Bullish setup so far.

CASH IS KING!

I am going into Cash overnight, it is time to step back and see where market is going from here. Keep your powder dry and let the trade come to you.

and (THANK GOD NXTH brokedown! That thing was bothering me every single day.)

STEC update

Getting close to support, I covered my short around 22.01 will revisit later. (Always Protect Gains)

CTDC Setup

Did not have time this morning to chart CTDC (Very busying buying the stock, but I did send out a twitter alert) Here is the chart:

QTWW setup

Overnight position!

I did not expect $STP to drop this far this fast today. Therefore, I covered half of my Short positions from $13.95 (Always protect gains) then kept the after half overnight and see what happens. Hope some of you caught my Twitter Alert and shorted AIG AONE STP with me.( Follow me on twitter to get instant market/stock pick updates.)

US DOLLAR Due for a BOUNCE?$$$$$$

CHEAPIE PLAY!! CPTC

Sell if breaks below $0.44 Otherwise this is looking good to me.(Low risk entry)

Overnight position chart updates / LONG & SHORT Trading ideas

You can view all OCT 26's charts in slide show form here.

Overnight position chart update:

STEC (SHORT)


LONG & SHORT Trading Ideas: (Remember Always check for earnings)

LONG: AKRX OCLR RAMS
SHORT: BSX CKSW OSIR STC STP ZRAN

LONG

ARKX


OCLR


RAMS


SHORT

BSX


CKSW


OSIR


STC


STP


ZRAN

Title: Is the NASDAQ Now in Thin Air?

"Of the three major indexes we track: DOW, NASDAQ and the S&P 500, only the NASDAQ is in thin air.

What do I mean by thin air? So far the NASDAQ is the only index to make it past the 50% Fibonacci retracement levels as measured from the highs seen in 2007 and the lows that were made in March of this year.

Both the Dow and the S&P 500 have rallied strongly from their March lows but have not made it over the 50% retracement level."

Here is a great analysis video about NASDAQ compare with the rest of the index! Great video! ENJOY everyone.

overnight positions

Shorting STEC overnight! Have a great weekend folks!

STEC chart update

Threatening bottom trendline.

Overnight positions chart updates / SPX updates

SCLX


CPSL



SPX update:

3 Year Chart - SPX Hitting the Trendline(SPX -1100 from the Peak of 2007)



YTD 2009 Chart

Here is an update on SPX vs MACD (Alerted on Oct 1st)

Overnight positions

Bought SCLX and CPSL for a bounce play.

Overnight positions chart updates

GBCI


STEC


CYOU


Follow me on twitter (@tradermarket247)for instance intraday LONG/SHORT alert.

Overnight

Glad I stay until close today and shorted a few names during final hour. CYOU STEC NAL. The SPS is sitting at immediate support of 1080, so I do not want to mess around too much.

I kept a small short position on CYOU GBCI and STEC. They are pretty much 1/3 of my original position. See what happens tomorrow. I will update more charts later tonight.

ZHNE Beat Earning.

I bought small a position right before close for a gamble. The stock beat earnings afterhour.See what happens tomorrow.

The Ultimate Cheapies!

If you have been following me on twitter, you should know that I have been riding CNOA from 0.55 and I still own it. YES $0.55. I just realize that there are many Chinese mircocaps stock were breaking out this week (Some when up four folds, 400% return in five days). Here are few examples of stocks that brokeout and continue to move up in the past few days. They are: CHFI MYST JADA and CNOA (Again, I still have CNOA from 0.55) and CTDC

CHFI


CNOA


CTDC


MYST


JADA


I have begin a full search on all those Chinese Microcaps stock and see if there are still good setups for me to milk a few pennies. Here are some names I found(Notice most of the setups are not as good as the one shown above, but still worth to pay attention to.)

CCTR CPHI CKGT CIIC CYXN LTUS LWLL SCLX

CCTR


CPHI


CKGT


CIIC


CYXN


LTUS


LWLL


SCLX


Listen, these plays are not for everyone. I suggest you not to touch them if you do not know what you are doing. I am not expecting all of them will play out, but the point is, this could be a great learning experience to be able to observe changes in the market/sector and benefit from it.