CAT

Charts of Interest - $AAP $CAT $CFX $CXO $DG $HLF $HMSY etc...

        A few names that were mentioned in IBD today such as CFX and IHS, both caught my attention. If you look at the weekly chart of CFX, it has been under accumulation since late October. IHS also mentioned just cleared its 90 area soaring to new all time highs on about 4x average volume.
         HLF was looking like a great short as it flagged underneath the 200dma, although breaking out to the upside today thru its 200dma, which for almost a month was finding as resistance. The descending wedge suggests a measured move back to where the pattern originated at highs 63.40ish. A move thru the 50d may provide another entry.
        @Flare9x and @ABTrader brought NUAN and INVN to my attention which I entered yesterday. Both working well. INVN moving higher on strong volume.
        My favorites remain OXY, EOG, APA, APC, DVN, PXD, NOV, CXO, CLR, and for a cheap one EPM is setting up nicely.

AAP Daily

AAP Weekly
 
 CAT Daily
 CFX Daily
 DG Daily
 HLF Daily
 HMSY Daily
 IHS Daily
 INVN Daily
 NUAN Daily
 ULTA Daily
 CXO Daily
 CXO Weekly
 OXY Daily
 OXY Weekly
 PXD Daily
CF Daily

Charts of Interest - $SPY $QQQ $ALXN $V $PANL $QCOR $FFIV $HANS

Spy - Possibly forming right shoulder. Would not be confirmed until neckline is broken. Plenty of time.

QQQ Range

ALXN - Pocket pivot move as it cleared 10,21, and 50 day moving averages. Still with in this range.

CATM - On watch, with alerts set at a break of this descending trend line.

EOG- Held 50d, which is a good sign. Still watching the 105 area.

Cat testing the lower end of its range. Needs to hold. 

HANS - Pocket pivot move on Friday. Long entry thru 97.00

A couple different looks at PANL. Butterfly and descending wedge 


STMP - Descending Wedge. On the weekly, has held 21wk moving average so far. 


V - Holding up and basing. Will add thru highs. 

VMW - Possible Gartley long entry setting up here. 


Charts of Interest - $GLD $SPY $VXX $AMZN $CAT$VMW $WYNN

        Some charts are holding key moving averages and support. Others look like shit. I see equally the same amount of long set ups as I do short set ups, at least in the 200 names on Quote list.  The inverse ETF's even look like shit to me. I have moved away from day trading to swing trading in the last couple of years, personally. But this is a day traders market in my opinion. I don't feel comfortable holding on the long or short side at this time. For me Cash is best and all I can really do until something changes. 
        


GLD AB=CD Still working on the C to D leg. 
SPY Daily
 Spy Weekly Ascending Wedge
 Spy Monthly Range
 VXX Triangle

    Fuck it, Day trading, I love trading the high beta names with big ranges. I prefer catching points on smaller shares, then cents on thousands of shares. My main monitor has the 1min, 5min and either a 30min or Daily, along with the level II and position manager. The other three screens are filled with the 5min charts of as many high betas I can fit. 
       Talking with @SteelerTrader this evening and it sounds like he prefers to use the first 15min range. I prefer the first 30min range. 9 times out of 10, I will sit on my hands the first 30min and wait for the range to develop. 
      I'm either short thru the first 30min low or long thru the first 30min high. On the 1 and 5min charts are what I love to day trade off of. I use almost the same moving averages as I do on the daily time frame and the same way, mainly as trailing stops. The idea is to use the 50 period in determining the trend and the 10/21 as trail stops. 
       To me there is no reason set targets, your just going to limit your upside. Why I use trailing stops. The most lucrative days for me are when stock trades down in the morning, sideways, then follow thru to the downside in the afternoon. I haven't day traded in almost two years so I could just be off my rocker, or it's just me missing trading 08. Obviously hindsight is 50/50. I just noticed some nice looking 5min charts today. If this bear starts to get some legs, I might just have to saddle up and start piking again. If that's the case I'll start hangin in @GtoToy's Chat Room.
 CAT 
VMW  Trend Day




Charts of Interest


Looking at the daily and weekly of the SPY. Bearish on the weekly, but if the pattern fails could spike a solid rally. With the exception of the gaps, I think daily looks pretty good. One thing I would say about the gaps for the Bulls are that the gap ups are holding for now.


ARG on watch list. 


Seen a lot of posts on the stream on CAT. I think everyone is watching the same levels.

ENB trading into new highs on Friday. Solid pocket pivot on 12/7/11.

EOG - Daily 

FFIV holding 10d on average volume. I feel the demand is there. 

GNC - watching for a break out of this small flag. 

HANS - along with Cat. I think quite a few are watching. I'm looking at entering if highs get taken out and/or follow thru day tomorrow. 


HMSY - Watching for follow thru tomorrow. 

MA and V - similar charts. Looking at adding to existing positions thru highs. 



Nice bounce on less than average volume. On watchlist for now.

N - Will enter on gap down or thru highs.

PRGO - holding 10 after a huge run. Watching for a trade thru 101.50

QCOR - pocket pivot move on Friday off the 10/21d moving averages while breaking out to new highs. Might want to consider on weakness? 

RAI on watch. Sitting on 21d. Huge volume surge on 11/17, 11/18, and 11/21

TLEO - Just recently noticed. Into new highs on Friday. 

SPG

XOM Daily & Weekly Taking out this long term descending trend line. 


TSCO - Somewhat of a longer term ascending triangle. Remaining on watchlist.


Some Charts of Interest $MELI $SPG $V $LTD $FFIV $XOM $CAT $ULTA $HANS ETC..


MELI completing it's measured move out of this descending channel and clearing highs. Held it's 91-92.00 area it broke through yesterday.


SPG creating a small flag between 121 and 125.00. Keeping an eye on it.

Solid bounce today in V on average volume. Sitting right at previous all time highs. 


LTD breaking out on huge volume today

FFIV remaining strong. Bounced today off this descending trend line that was previously resistance now acting as support. Still keeping an eye on the weekly as the measured move is back at highs near the 145 area. 


XOM tryingto dcide if it wants to break out here or now. Volume came in as it cleared its 200d. Watching the action here and keeping a close eye on it. 


SAFM 

VMW

CAT holding 10/21d today. Could see an explosive move out of this 87-98.00 range


ULTA - Watching for a move thru 75.75.00


HANS


EOG - Along with APA, APC, SM