Archive for April 24th, 2006

4-24-2006 Daily Stock Pick Results

Not exactly how I wanted to start my day back but today was not pretty. There was little volume & little volatility out there today. Luckily for me, I did take windfall ANGO profit that was offered in the first 1/2 hour so i wasn’t in it when it reveresed hard later on in the day.

Hopefully the market will shape up better for me tomorrow. I really do like the functionality of TradeStation and will slowly be switching over to purely playing the Futures market for daytrades and using the stock market for swing setups. More on that when I have some more time.

4-24-06 Daily Stock Picks

Ticker Stop Target
Setup
L/S Open On Open
ARM Squeeze (dly) DT-L
CREE Squeeze (dly) DT-S
NABI 6.22 7.74 Squeeze (60m) L 6.47 6.59
HYC 9.09 10.09 Squeeze (dly), Wkly PBS L 9.32
ANGO 27.98 31.89 Squeeze-R (dly), Wkly PBS L 28.93
BMY 24.64 25.89 Breakaway, Squeeze (60m) L 25.06
VMC 92.09 96.94 Squeeze (60m) L 93.76
DO 93.98 99.74 Box Brk, Wkly Flg+ L 96.26
RTI 58.44 63.44 Breakaway L 60.46
CCI 30.34 32.44 Breakaway L 31.21
PRSC 32.24 34.44 Breakaway L 33.31
AMD 32.31 28.76 PSS, Squeeze (60m) S 31.34
NVAX 5.53 4.56 PSS S 5.24
KIM 37.66 35.76 Breakaway S 36.98
MRVL 60.76 51.11 Fake & Break (2) S 57.28
SKYW 26.21 24.51 Breakaway S 25.55
ALKS 22.31 20.06 Breakaway S 21.43
PJC 74.71 70.01 Clim Sell, Hrly Dvgnce S 72.74
PEIX 31.06 26.61 Fake & Break (2), Wkly Doji S 29.14
IDCC 23.67 22.06 PSS, Squeeze (60m) S 22.94
VDSI 9.61 8.51 Box Brk, Wkly PSS S 9.08
TWTC 17.24 14.76 Fake & Break (2) S 16.04
ISIS 7.77 7.06 Box Brk, PSS S 7.42

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

 

Well I’m finally back and able to continue on with my daily stock picks. It took me a little longer to get the new account up and running than I anticipated. Then I had to try and figure out how to set up my TradeStation workspace. And while it is still a work in progress I am at least at a point where I can resume my daily routine as far as picking stocks is concerned. I’ll update you later as to what I’m working on and the changes that I’ll likely be implementing.

Also, you’ll note above that the “Setup” column is different now. I’m trying to become more structured in my stock picks and be more specific as to the reasons why I think a particular stock will go up or down beyond just “Breakaway” or “Fade”. So you’ll be seeing a lot of different phrases here in the days and weeks to come and I will do my best to explain what they all mean.

In the mean time just know that unless there is a number in the “On Open” column, that the stock is to be bought only on a breakout/breakdown from the specified price. Today, NABI is the only play that calls for being purchased on Open for between 6.47-6.59.

Good luck today and wish me the same. This’ll be my first full day of trading with TS and as they don’t allow for simulated order entry to learn the platform, I’m just hoping to be able to keep software/order problems to a minimum.

Twitter Delicious Facebook Digg Stumbleupon Favorites More