xpertstocktrader

utorak, 13. prosinca 2011.

Stock pick for 12/13/2011

Stock pick for 12/13/2011

ORLY - long

Technical view: ORLY formed on the daily time frame continuation pattern and it is one of my favor patterns. Result with intraday consolidation after Friday move up. We can say that for now ORLY is “own way” chart because there was no reaction on Monday weakness. ORLY has room for equal move (blue lines on the chart) and move to $85 area and because of that I will use it for target. Trading plan is simply but also I will look to move stop under 20sma 15 min if will be setup before any intraday pull back.

nedjelja, 11. prosinca 2011.

Stock pick for 12/12/2011

Stock pick for 12/12/2011

KMP - long

Technical view: For now KMP obviously look as “own way” chart. We can see clear uptrend and several day’s consolidation (odds for 10sma bounce) what result with daily triangle and weekly continuation pattern. My interest is above 79.25 and break above $80 will confirm upside continuation and new ever time high.

GOOG - long

Technical view: On the daily chart we can see classic move – rest (base) – move (?) possibility. But interesting is to see GOOG monthly chart too. If GOOG will break above $650 area that will be monthly breakup confirmation and could lead to longer swing position what can be good info for position traders. For start I will look for swing setup above $630 and then we will see pace and volume for rest.

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"I have been trading for over 5 years. I am continually impressed by Ivica's understanding of the market. He provides low risk and extremely profitable trading opportunities. His watch list is always concise and includes an overview of the market as well as very specific set ups..."

Debbie Groll

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petak, 9. prosinca 2011.

Stock pick for 12/09/2011

Stock pick for 12/09/2011

Dear traders,

Risk remain higher and I will stay in same mode as last few days and that mean I will look for ideas and I will take them with small risk. I like to see if market back in normal or this news driven market continue and I want to check that only with small risk. For market action I don’t have special bias, but I think that Europe news are not something special and I will favor more bears then bulls, but on the other side my focus will be to find own way chart.

Wish you all great trading day

Kind regards

Ivica

DBD - short

Technical view: After move from high DBD started with bear flag correction on the daily time frame chart and went to 20/200sma resistance area. I will look for selling continuation under yesterday low and stop will be above 15 min consolidation. Break under 29 will confirm swing potential and in that case (depends on market support) we could see some longer swing action

SLV - short

Technical view: SLV daily/weekly potential stay same and this time I will use 30 min time frame consolidation for trading plan. I like it under yesterday low and for now stop is above 30 min consolidation, but I plan to move it fast after setup, because if we won’t see stronger 5/15 min selling pressure then odds for back and break up on the 15 min will increase. Day trade target area will be $30 as number supp0’ortb area, but all that depends on volume and pace after setup.

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utorak, 6. prosinca 2011.

Stock pick for 12/06/2011

Stock pick for 12/06/2011

Dear traders,

It is more and more difficult to find lower risk setup for next day. Reason for that is resistance what indices reached on the daily time frame. Pace was very strong what not suggest for selling continuation (not at this moment). Since stronger resistance “area” is here then risk for long side is understandable. On the other side every try for 60 min correction finish with new high and because of that short side is not low risk too. Daily indices charts suggest that wild range action could continue. I can now enumerate several possibilities what can be or not. Point is that we are at moment when chart can’t suggest swing move (for sure not lower risk setup move) and with news what can come out every day it will be just guessing from my side. For me it is more important to see what solutions I have. First, I will wait at least first 5-15 min before I will take any trade. Risk will be small as usual last days and patience will stay my best friend. It is game with nerves and I don’t know where end but I will know that I like to see action before I will take any trade. That is hard for watch list because we had many gaps last days and all change after open. Because of that I invite you all to contact me for any specific trade if there will be any question.

I wish you all great trading day

Ivica

DY - long

Technical view: DY look like have own way and on the daily/weekly tiem frame we can see that DY trying to break on the new high and it is daily third try. In the past it was really nice charm pattern, but lately in news market don’t work that well. Anyway, we can see that Monday was open with bear trap (opened above Friday high and closed near lows) and I will look for possible continuation and for that I will look 15/60 min time frame. Another stop is under Friday low. My interest is trap and new high buying pressure.

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nedjelja, 4. prosinca 2011.

Stock pick for 12/05/2011

Stock pick for 12/05/2011

SEIC - long

Technical view: SEIC closed above 20sma resistance on the weekly time frame and I will look for buying opportunity above 17.05. If that will be vase, then for sure we want it for swing trade to stay above that weekly 20sma (support area at that moment). For ideal swing setup it will be best for SEIC to stay in consolation several more days for lower risk setup. If SEIC won’t see setup at Monday it will stay on my swing long list. Depends on after setup action, target will be daily or weekly 200sma resistance area.

AMZN - short

Technical view: After daily move down and bounce from high on the AMZN daily chart we can see relative weakness if we compared with market action last few days. Also AMZN at Friday reached to 200/20 simply moving average on the daily time frame and weekly 50sma resistance area. I will look for selling continuation and for now idea is under $195 what is under Friday low and under 20sma 60 min. Initial stop will be daily 200sma but I hope some intraday resistance will be good for better reward.

petak, 2. prosinca 2011.

Stock pick for 12/02/2011

Stock pick for 12/02/2011

JOYG - long

Technical view: Another daily continuation pattern after Wednesday bears trap open. On the daily time frame we can see that is third try to break consolidation channel and yesterday action showed small range bar what result with continuation pattern. JOYG have swing potential if will break above $94 area and have room to run and reach $100 resistance area. It will be ideal if pace and volume after setup increase because 60 min time frame is little extended and in news market it can always be tricky, but after two 60 min buying waves it is ok to expect another one. On the chart I brought intraday stop and that is under 20sma 15 min what I will use when I will see action after setup.

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četvrtak, 1. prosinca 2011.

Stock pick for 12/01/2011

Dear traders,

I like to say few words about my style. I use patterns for trading and that mean I look for consolidations (base, flag or triangle) with other words I look situation when chart is in rest period after move. I believe that is good way to find lower risk setup with good reward possibility. I know that after yesterday strong gap up (news driven) no one want to hear patience, but I can’t change charts and I believe that all who scan overnight seen that many chart are extended, especially on the 60 min time frame. One of important parts to be successful trader is that you must feel good in trade what you will take. Regardless if is swing or scalp trade. I just don’t feel when I jump in extended chart and only what I can do is to be patient (again). I know that patient is another very important part but most of traders don’t like to hear it. I have some ideas for today, but I want to see market action first. Also I found one (already on the move) chart with some intraday consolidation and I hope it will give us some good action. Despite of nice gap up, and good odds for continuation, I just don’t feel good to jump in this high speed running train, I want to see at least slow down or station (consolidation/rest). I think that is logical that if we have pattern on the daily or weekly time frame that is less risky for swing trade and small time frame patterns are more aggressive and good for scalps. That is general (lots of room for profit between that) but I think that is good to keep that in mind

Wish you all great trading day

Ivica Juracic

WBMD

Technical view: WBMD is already on the move and also not far from previous high and now question is why I have it on list? Yes, it is little aggressive trade, more than is ideal for me, but I can’t ignore daily continuation pattern and strong breakup volume. WBMD back under weekly 200sma resistance area and with continuation pattern for trading plan there are open odds for strong break up continuation. I want to see stronger pace after setup and because of that I use 20sma 15 min for stop because if we will see selling after setup and if WBMD back under 20sma 15 min that won’t be pace what I like to see and because of that I use it for stop. Next resistance is $40 is and after that 200sma what is also weekly gap area. I think that WBMD have good chances for that action and hope news driven market won’t change it. Note: trading risk remain higher for me