Saturday, March 10, 2007

Weekly Trading Calls -- March 12-16, 2007

First, this is my last post of the weekly trading calls for a while. I will be relocating to LA and starting a new position in April, and I don't think I will be able to trade at least for the first several months. I have a lot of thoughts as I am winding my trading activities next week, which all started in 2001, and if I get time in the coming days, I will share some of those with you. I expect to continue posting the daily calls for the coming week.

My overall trading strategy for this stage is on the short side, especially the SW-short-on-top setups, I would avoid any SW-long trades, but I may take some DT-long trades when the market rebounds.

1. AAPL: DT-CTT between 83/EMA50=86.4 and 89 use very tight stops, bias neutral. Don't trade the mid-range.

2. ADSK: DT-CTT between 37 and 40 use tight stops, bias is on the short side, EMA50=41.1, EMA200=39.

3. AKAM: DT-CTT between EMA200=45.8 and 52/EMA50=53, bias on the short side, don't trade the mid range.

4. BOBJ: SW-S1 on top if it spikes towards 36-EMA50=37.1, IDS>37.5, DS=37, IT=33.66.

5. COH: speculative S2 on top, entry zone=50-51, stop just above 51, IT=EMA50=46.5.

7. DVN: speculative S2 on top if it spikes towards EMA50=66.9 with a stop just above 67, OR when it closes below 63 with a bearish candle.

8. ENER: S2 on top if it spikes towards 35 use EMA200=35.4 as stop references. EMA50=32.7.

9. FMCN: CTT between 71 and 79 use very tight stops, EMA50=76.9, EMA200=65.5.

10. ICE: SW-S2 (100 share) on top if it spikes towards 138 with a stop just above, IT=123.

11. NUE: speculative S3 on top if it spikes towards 66, stop just above 67, IT=60.

12. SONS: S2 on top, entry zone 7.28-7.48, stop just above 7.6, IT=6.8.

13. STP: SW-S2 on top, entry zone 39.5-40.5, stop just above 41, It=33.

14. URBN: speculative S2 on top if it spikes toward 26.6 with stop just above 26.7, IT=24.

15. X: speculative SW-S2 on top if it spikes 94 with a stop just above 95, IT=86.


Bubs said...

Congrats on the new position. Hopefully you can get your ATS going that way you can still trade.

flyingwabbit said...

Bubs: thanks man! BTW, I will open a TradeStation account soon, and with the help from a friend, we will be testing the automated trading using this platform in the coming weeks. I gave up on the Ameritrade's StrategyDesk after running it in real time last Monday, that software was a joke, to say it nicely.
Best luck for the next week, don't push yourself too had, stay cool!