Stocktwits 50 Setups I'm Watching

Broke out recently, weekly setup for me

Broke IPO Highs recently and now basing for another move.  

Watching for a pullback on ILMN

Watching for a pullback to IPO highs, which is also the 50 day at this point.

Both weekly and daily charts look great.  I'm long from 15.29

Setting up just under all time highs, buy the breakout for a quick move.  Not a stock that is going to make you huge money fast.

Love the look of SPRD.  Long at 18.47 which is a bit high, stops below horizontal level at 17

New 52 Week Highs

Chart.ly Stock Chart Postings

I regularly post updates on stocks I'm looking at on the Chart.ly website. Be sure to take a look at that site for more frequent commentary from me.

My Chart.ly charts are found at: http://chart.ly/user/johnsontrading

2010: Stock Trading Books - Required Reading List

Personal Favorites


Coursework - Chartered Market Technician Level 1 Exams:



Coursework - Chartered Market Technician Level 2 Exams:



Coursework - Chartered Market Technician Level 3 Exams:

Watchlist for tomorrow

Below you'll find my watchlist for tomorrow.  Should give a little insight into how I view stocks in Telechart as well.  Earnings are vitally important.

The categories I can sort on at the top are, from left to right,
Price Percent Change from 3/9/2009 (Market low),
EPS % Change Last 1 Year
EPS % Change Latest quarter

EPS % Change 2nd quarter back

EPS % Change 3rd quarter back

EPS % Change 4th quarter back

BIDU Trade Walk Through

Frustrating trading today - FAZ and MON

Today was very frustrating.  I finished in the black but I was close to having a remarkable day if I'd just made the most of FAZ and MON.  I had great timing on my trades but was too careful to book profits instead of hold for real money.  Examples are below. 

Trades not taken: MON long - likely $2-3 gain with about .10-.20 cents risk.  Should take that trade every time.

Trades taken that I didn't make real money on: FAZ short.  The financials have gotten clobbered and were due for a bounce after gap downs.  I shorted FAZ at the perfect moment about 6 minutes into the trading day.  Covered for a nice little gain.  But... I settled.  I should have covered half, and let the rest run.  I thought the stock would fill the gap and it eventually did that and much more.  No reason for me to not ride that trade and make 10 points or so.  Later in the day I initiated another FAZ short, once again with perfect timing.  I closed it too for a quick little gain but if I'd held through the end of the day I'd have made 6 points and the stock never went any higher than where I covered.  Frustrating to have the right ideas but for some reason lack the conviction to stay with them.

FAZ:

 

MON: