Archive for March 23rd, 2006

3-23-2006 Daily Stock Pick Results

Well it finally seems as if I might finally be getting this system back up to optimal mode. I think that after the first couple weeks of trading I started to push my luck & test for boundaries by looking for more & more trades. It bit me in the behind & delivered the string of losses I had last week & Monday. I’m trying to cut back to just the essentials & it seems to be working, but time will tell.

AAI delivered the only full stop today. Was a good setup, but just decided it wanted to reverse…oh well WCI & WGO more than make up for it.

LFUS & BBY were again 2 solid picks that just did an about-face on me. Overall, I am feeling more & more confident in my chart-reading ability with this new system.

I just discovered a new resource today http://www.traderscue.com where you can browse & subscribe to peoples selections. I haven’t really checked out other people’s systems since I do my own analysis and find that other people’s views seem to just throw me off of my game. Grant it, my game isn’t always at 100% but at least this way, when I’m wrong I know why I’m wrong and have no-one to blame but myself. I’m thinking of starting to post some intra-day picks on Traderscue but i’ll have to do some more looking into it to see how much time it takes since my attention is pretty used up throughout the trading day.

3-23-2006 Daily Stock Picks

Ticker Stop Target Fade / Breakaway L/S Open On Open
AAI 17.79 19.49 Breakaway L 18.51
ARNA 16.99 20.49 Breakaway L 18.36
TER 15.21 14.21 Breakaway S 14.79
CBRL 44.89 46.99 Breakaway L 45.63
VRX 16.81 15.06 Breakaway S 16.14
ADCT 24.89 27.74 Breakaway L 25.96
ARRS 13.34 14.94 Breakaway L 13.77
WIRE 32.36 28.51 Breakaway S 30.99
CHS 41.51 39.71 Breakaway S 40.73
MIK 38.76 36.21 Breakaway S 37.98
WGO 31.21 28.61 Breakaway S 30.59
MRO 74.98 78.49 Breakaway L 76.71
TECD 35.29 37.44 Breakaway L 36.26
IO 8.54 9.50 Breakaway L 9.02
WCI 27.49 28.94 Breakaway L 28.13
STI 74.98 76.19 Breakaway L 75.56
TCO 41.94 43.74 Breakaway L 42.81
ACAD 14.89 16.98 Breakaway L 15.76
LFUS 33.19 34.49 Breakaway L 33.71
CNTF 12.54 15.74 Breakaway L 13.81
BBY 53.98 56.94 Breakaway L 55.33
FFIV 68.49 73.98 Breakaway L 70.51
NDAQ 43.46 38.91 Breakaway S 41.63

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

 

I very much have a positive bias today as can be seen from my picks. But the way the market has been fluctuating here lately, I will remain flexible & not bet too heavily in any given direction.

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