Archive for March 21st, 2006

3-21-2006 Daily Stock Pick Results

Well its nice to have a positive day after all the strife last week & yesterday for my new system. I think getting back to basics will help. I wasn’t sure which direction the market would go today & luckily not many of my Longs were pulled in this morning before the bottom fell out this afternoon. ADCT was the only one that was hit really badly.

But I’ll take a modest gain after the way things have been going. Due to the nature of the market, I’ve been relying heavily on scalping here & don’t see that letting up any time soon.

3-21-2006 Daily Stock Picks

Ticker Stop Target Fade / Breakaway L/S Open On Open
CHNR 11.89 13.99 Breakaway L 12.81
VPHM 9.69 13.19 Breakaway L 11.11
FCEL 10.24 11.24 Breakaway L 10.66
NIHD 54.06 49.56 Breakaway S 52.22
ADCT 24.99 26.98 Breakaway L 25.61
BKS 44.96 47.24 Breakaway L 45.76
ADAM 6.74 8.49 Breakaway L 7.26
ISE 50.01 44.51 Breakaway S 47.54
ORCT 23.26 21.51 Breakaway S 22.39
GRA 13.31 11.51 Breakaway S 12.59
ARRS 13.64 14.49 Breakaway L 14.01
AAI DT-L
ARNA 17.97 19.24 Breakaway L 18.52
ABX 27.16 25.76 Breakaway S 26.49

For instructions on precisely how to trade using these picks, please CLICK HERE and read the section entitled “White Regions”

 

Going for fewer, & hopefully more reliable picks for today. Getting back to basics and what works.

3-20-2006 Daily Stock Pick Results

Well today was the worst day by far by the new system. This morning when I noticed that the markets were not going to be able to break higher like I had anticipated I stopped taking the Long Triggers and went into scalping mode. Fortunately I was able to catch it early enough & finish the day out at a slight profit. But I must report on the cumulative results a -3 R-Unit return.

I have been picking more & more stocks recently & my results have been decreasing. I have also noticed another problem that I will talk about later today or tomorrow, but I’m running late this morning & need to get back to setting up today’s trades.

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