TraderMarket247

Friday, January 7, 2011

Yesterday, about twenty minutes before market closed, I decided to held a list of stocks ahead of Friday job numbers. There three main criteria that it must consist in order to qualify as an overnight hold play. First, the stock must be traded in (above average/ high volume). Second, the stock must closed near or at the HOD(high of day). Lastly, it must be a stock that recently broken out from a consolidation range. Another reason I enjoy trading these setups is because even if the market turn against you, a good setup would help you minimize your losses and allows you to exit your positions with a small scratch. Below are some stocks that I believe having a high chance of gapping up/ continuation to the upside tomorrow.

AFFY

CNXT

GSL

HDY

MITK

Thursday, January 6, 2011

Trading ideas for Jan 06, 2011

LONGS: SOMX MELA NPD ARNA YOKU MITK

SOMX

MELA

NPD

ARNA

YOKU

MITK

Monday, January 3, 2011

Trading ideas for Jan 3, 2011

AONE

CHNG

KSP

Trading ideas for Jan 03, 2011

The URANIUM BOOM 2 (1)

URRE

UEC

URZ

Other trading ideas:

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CCME

NPD

MIPS

AXAS

AUGT

Friday, December 31, 2010

Trading ideas for Dec 31, 2010

This would be my last trading idea post for 2010. I hope my picks have serve you guys well this year and bank you guy some coins. More importantly, I hope my charts, my method have helped some of you new traders out there to develop your own style.

Trading is not about chasing/following the next hot trade on Twitter,Sub or CNBC. It is about developing your own style and be able to stick with it, which in turn become a consistent profitable trader. I wish everyone a Happy New Year and a prosperous 2011. Let's get Shitfaced tonight (Drink up).

SCOK

MOV

MITK

HQS

Thursday, December 30, 2010

Trading ideas for Dec 30, 2010

Congrats for those who played $SHZ a nearly 100% gainer in two days.

Wednesday Premarket

Today

Always trade what you see, not what you think!!

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LONG: ATPG MEG

ATPG

MEG

SHORT: DANG

Tuesday, December 28, 2010

Trading ideas for DEC 28, 2010

MEG

ATPG

AXTI

AEA

EDMC

STEC and AONE also setting up for a great swing trade.

The not so rare Rare Earth Metals

According to Wikipedia - "Despite their name, rare earth elements (with the exception of the highly unstable promethium) are relatively plentiful in the Earth's crust, with cerium being the 25th most abundant element at 68 parts per million (similar to copper). However, because of their geochemical properties, rare earth elements are not often found in concentrated and economically exploitable forms. Instead, they are usually found inrare earth minerals.^[2] It was the very scarcity of these minerals (previously called "earths") that led to the term "rare earth"."

Sooooo... Yes, they are not that rare but I am not going to spend time to justify these rare earth companies's earnings vs their share prices. The truth is people are bidding them up right now, so do not fight it and always trade what you see not what you think. Right now all I can see now is $MCP hit $50 today, $AVL broke out to new highs... etc. Below are couple rare earth stocks that are setting up for a breakout/continuation day.

SHZ