Lasertrader's Place

A Potpourri Of Trade Ideas and Setups

Archive for January 6th, 2010

Trade Setups for Thursday 1/7/10

Posted by lasertrader on January 6, 2010

On Tuesday CYD long triggered and the WBD long hit the stop and was sold for a 2.3% gain.

For Wednesday 2 longs were added to the trigger list and one short.

VMC Long 54.36

EOG Long 101.73

PRGO Short 37.70

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Trade Setups for Wednesday 1/6/10

Posted by lasertrader on January 6, 2010

On Tuesday morning the CAAS and RAX stups for the day opened with a large gap up. In order not to get caught in a whipsaw I usually wait past the first 5 minutes before acting on a trade alert trigger. CAAS gapped and ran without me and I chose not to chase it. RAX gapped and crapped immediately and did not hit the trigger again all day. RAX remains on the setup list for today. I did enter JOYG at the trigger price. As often occurs with short setups, HIG and GT broke strongly to the upside and no longer are short setups so they will be removed from the trade setups.

Portfolio position WBD continues to move up nicely, however, AHD just seems to be flat. I will watch AHD today and maybe take the position off it it doesnt show any life. I would prefer to hold things that are moving.

Two long setups have been added today (CTRP and CYD) and no short setups.

CTRP Long 76.60

CYD Long  17.14

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