That beautiful chart on the left is part of the reason. I had it on the blog this morning as one to watch. No. I didn't buy it yesterday but caught it with some size a little before 10am. I have had success lately trading names that had a monumental volume explosion "the day prior". I did it with SOLF yesterday after it broke out and traded 9 million shares the day before. USO had me all jiggy until it started to rally. Hate that stock, but I'm still short. Tomorrow it will probably be strong as paranoia about geopolitical events over the weekend always plays a part. Recent names mentioned in the morning posts this week rocked-LEAP,ADBE,ADSK,SY, SOLF,RIG all acted well or exploded. Hope consumer sentiment doesn't pee in the pool tomorrow. Later!!!!!! Anyone but me want to eat 40 vicodin when you hear the N.Y. Times commercial on CNBC?
Thursday, May 15, 2008
Great Day at Headquarters and RCH
Tuesday, May 13, 2008
Flip Floppy
I covered USO as I am growing tired of jumping under my desk every time I hear a word that rhymes with Nigeria. It's just too much trying o figure a top so I am just going to stop for now. I've been pretty accurate with this one but there are better set ups to be found. As you know everything can change tomorrow. Some of the morning stocks I posted acted well ,and SY actually looked like it cared about getting through $30. That one could get very interesting so keep it on your list. I mentioned ADBE this morning and that had a nice reversal. Also, LEAP got close to the break out price. One that I forgot to mention this morning is ADSK, keep an eye on that one too.
The financials will be a long side trade soon. See you tomorrow,I don't know if it's allergies or the flu but I feel like hell.
No Volume
Yesterday was the lowest volume day of the year and if the bulls want charge the hill, it's times like these when they should try and do it. Futures are up a bit and oil is kind of flat. HPQ is buying EDS and I have to believe that the street will view this as very positive. If M&A activity can come back a bit it sends a positive signal. At the very least technology should respond well.
Stocks I'm watching today
SY- looking for it to finish what it started yesterday
LEAP-over $55,90
ADBE- over $40.60
About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
