SPY signaled a short entry for today.

- 22MA is below 50MA
- Wm%R is overbought

We have 2 watchlist for short entry tonight.

SPY & REP

 

---

SPY

 

110.41,109.74,109.07,108.4,107.73,107.06,106.39,105.72,105.05,104.38,103.71,103.04

 

 

REP

23.1,22.73,22.36,21.99,21.62,21.25,20.88,20.51,20.14,19.77,19.4,19.03

---

Like this post? Share it!
| | | | | | | | |

 

Market Summary ...

 

 

==============================

Date : 28 Jan 2010

Action : Entered LONG at 21.59

Comment :
- Hammer
- resting on 22MA
- resting on prior resistance/support at 21.
- above average RRR, 2.5:1.

20.95,21.59,22.23,22.87,23.51,24.15,24.79,25.43,26.07,26.71,27.35,27.99,

==============================

Date : 29 Jan 2010

Action : Stopped out with -1R lost.

==============================

---

Like this post? Share it!
| | | | | | | | |

Still anticipating for the rebound...

 

 

 

20.95,21.59,22.23,22.87,23.51,24.15,24.79,25.43,26.07,26.71,27.35,27.99,

- Hammer
- resting on 22MA
- resting on prior resistance/support at 21.
- above average RRR, 2.5:1.

 

---

Like this post? Share it!
| | | | | | | | |

Only this one got triggered out of my 3 watchlist last nite. 

 

====================================

Date : 27 Jan 2010

Action : Long at $23.14

Comment :
- Small body NR7
- Finding support around 23
- Walking along 10MA during the entire uptrend.
- nice RRR, 4:1.

22.75,23.14,23.53,23.92,24.31,24.7,25.09,25.48,25.87,26.26,26.65,27.04,

====================================

Date : 29 Jan 2010

Action : Stopped out with -1R lost.

==================================== 

---

Like this post? Share it!
| | | | | | | | |

VIX totally over extend, and SPY seems to be finding support at 109.

Am anticipating for a bounce back after the huge 2-day sell off.

Watch list for Long entry tonight are UVV, ORCL, SHLM. 

I forgone BIIB, as the Risk/Reward wasn't as promising compared to the rest, and I only have 3R of risk left for trading this month. (I'll only allow myself for a most -3R lost per month)

===================================

UVV

46,46.8,47.6,48.4,49.2,50,50.8,51.6,52.4,53.2,54,54.8,

- pull back, and find support at $46
- double doji
- bounce back everytime it meets 50MA
- nice RRR, 3:1.

===================================

ORCL

- Doji
- Finding support at previous gap up window.
- nice RRR, 3:1.

23.7,24.13,24.56,24.99,25.42,25.85,26.28,26.71,27.14,27.57,28,28.43,

===================================

SHLM

- Small body NR7
- Finding support around 23
- Walking along 10MA during the entire uptrend.
- nice RRR, 4:1.

22.75,23.14,23.53,23.92,24.31,24.7,25.09,25.48,25.87,26.26,26.65,27.04,

===================================

---

Like this post? Share it!
| | | | | | | | |