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A Trade A Day
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A daily source for swing and day trading ideas in the stock, futures, and forex market.
Recent Posts Tagged With 'trading ideas'
Trap Trading Wins Again
Hola Amigos! Sorry for the delay in posting. Nothing earth shattering going on. Just so many hours in the day. The summer can be a slow time and I find it helpful to take a break. However, I got dragged back this AM. I wanted to share some interestin...
DOW 30’s with Potential
Just looking at the Dow I saw some potential trades. Let’s look at the index first: The Dow taking a rest before moving higher? Or at least hope we aren’t range bound. I like AIG over 47.70. It just needs to get over the 50 sma. I may ...
Higher Lows and Charts of Interest
Day Trading is still my modus operandi, temporarily anyway. Looking at the daily charts I might be seeing some light at the end of the tunnel. Higher lows are back again. The next step would be to find out what stocks are pushing us higher. I would...
Trading Ideas for 2/26
Here’s a quick look at three shipping stocks that I think are worth your time. If the market continues its advance out of the triangle, these three stocks are poised to move. The weekly patterns for all three stock are positive. Each has bou...
Market Consolidation Brings Opportunity
U.S. markets are closed today. For some reason I forgot. I did all my scanning and was all set for today. I checked the news and then it hits me. It’s a good lesson though in that you should be thoroughly prepared for each day. Any market holid...
Trading Ideas for 2/11
My personal bias is still bearish. I think we have more to drop, but I would like to see the general market consolidate. There are some interesting patterns forming in the weekly time frame. These negative, longer-term price patterns affirm my bearis...
Sitting on my hands again…
The market continues its downward spiral. For a week or so, I thought there might be a light at the end of the tunnel. A few long trades later I determined the light was a freight train. More trades once we get a breather. Instead of trading you shou...
Trading Ideas That Probably Won’t Work
Well, today I got smacked around like a rented mule. Yesterday’s post featured four trades that I thought stood a reasonable chance of setting up. Well, they didn’t. This is actually normal. I don’t know why it’s bothering me ...
Trading Ideas for 2/05
I have four trades I’m looking at for 2/05. They are showing different, but classic patterns. There’s one pattern that makes these trades unique. Do you know what it is? Answer at the bottom of the post. HOLX looking 1-2-3ish. Setup will...
Trading Ideas for 1/30
Here’s what I’m looking at tomorrow. Just to be clear: **Trading ahead of the Fed increases your risk** Having said that… I’m being more selective than usual when it comes to my setups. I’d like to think this retracement...
Trading Ideas for 1/17
I’m anticipating more downside movement, but I came across a couple of long opportunities that I think are worth a look. There’s not a lot for me on either side of the market. Any long trades I have are being closely monitored for the f...
Trading Ideas for 1/15
I have to say that I am as pessimistic as they get about this market. There have been some spectacular drops(CSC comes to mind) that have made some lucky trader a lot of money. I welcome this consolidation we’re seeing in the major indexes. The...
Trading Ideas for 1/14
Hola Amigos, Time to get back in the saddle. It’s been a few days since I’ve written. I’ve been recovering from a cold, but I need to get going. Over the past few weeks, quite a bit has happened in the market. I’m pretty disap...
Trading Ideas for 2008
Back from vacation, I was scratching my head this morning thinking about where the money’s going to be made in 2008. Taking a look at the weekly chart of the Dow, the pattern forming is ominous. I see the Dow a shoulder and a neckline break f...
Top 5 Trading Ideas for 12/18
Let’s see if I can put some 1-2-3’s to work. Here are 5 stocks flashing the 1-2-3 setup. Entry is intraday. You’ll have to check with your broker to see if there are shares available to short. 1. MAR MR could end up being a bear tr...
Top 5 Trading Ideas for 12/13
Should be interesting to see what direction the market picks going into the Christmas holiday. We’re in a corrective bull move from the drop that started on 11/7. The major indexes are caught between their 50 SMA and 200 SMA. The Dow and NASDAQ...
Trading Ideas for 12/11
Trading on a Fed day can be risky. You don’t really know what the Fed is going to do with rates, and when the descision is announced is the market going to sell off or run to new highs? Sitting on your hands is the best course of action, but if...
Top 5 Trading Ideas for 12/6
This week I’ve seen a lot of stocks with some bottoming action. Being the bear that I am, I found it perplexing that stocks would be bottoming out this early. I mean, there are a lot of economic reasons to be bearish. My thoughts aside, the cha...
Top 5 Trading Ideas for 12/5
1. AMX 2. CBI 3. EXPE 4. MCD 5. TRA...
Top 5 Trading Ideas for 12/4
I’m starting to see some stocks bottom out and head higher. My play it to grab the ones have the greatest upward momentum as they break through previous areas of resistance. 1. YHOO 2. NTCT 3. EGOV 4. BPHX 5. ASIA Not much else to say. St...
Top 5 Trading Ideas for 11/28
This morning’s Top 5 Trading Ideas are brought to you by double bottoms and bear flags. IPG is carving out the finishing touches on a double bottom. I like IPG above 9.35. I would have like to see GILD correct a bit more. I still like it abo...
Top 5 Trading Ideas for 11/27
Here are my top 5 trading ideas for 11/27. I even threw two longs in to satisfy those of you banking on a rally. A symmetrical triangle with a bearish slant. I like it under 101. SIAL is clinging to an upward sloping trendline. I don’t think...
NXY Trading Idea
More fodder for sellers. NXY is ready to setup by breaking lower. The stock has formed your typical consolidation/triangle/bear flag. It doesn’t really matter. At some point in my trading career I realized that picture perfect patterns didnR...
Top 5 Trading Ideas
US markets are closed for Thanksgiving. Here are 5 stocks that are about to break lower. Keep a close eye on these as we enter next week. Amazing how the leaders rollover with the rest of the market. ...
INTC and MSFT about to Cave
There are still many shorting opportunities out there. A little digging will yield some excellent setups. I didn’t need to go farther than the NASDAQ 100 to find these bad boys: First chart is INTC. Why would I want to short INTC: 1. The NASDAQ...
VIVO Las Vegas
I feel like such a loser. I’m not going to the Trader’s Expo in Las Vegas However, I will seriously consider the one in NYC. The city would be fun and I can visit some friends to boot. Anyway, today’s trading idea is brought to you...
IFN Trading Idea
There’s just a ton of shorting opportunity out there right now. IFN is forming a bear flag and I intend to capitalize on any further down move in the stock. Let’s look at the chart: This trade is pure text book. IFN has dropped considera...
EDU Trading Idea
EDU has been on a tear recently. The stock is up over 30% since breaking out on 9/25. Unfortunately for EDU, the current stock pattern is ominous. Since October, each successive wave of buying has been on less and less volume. Since making an all tim...
APA Trading Idea
With oil apparently running up unabated, oil services and oil drillers are making money hand over fist. Someone needs to take Light Sweet Crude aside and explain to it the concept of Reversion to the Mean. It is so far outside of the mean, a correcti...
FCX Trading Idea
Time for me to take a close look at FCX again. I originally featured a FCX trade on 9/11/07. The entry price was 92.15. What a difference a month and a half can make. FCX is currently trading over 117. I took partials at the 107 target and I’v...
