Tuesday, December 21, 2010

Monday, December 20, 2010

3 Trades to Ponder


A few trades to talk about today! Always great to do with hindsight! It's hard to bag these babies live, but they always present themselves quite nicely.

1) Opening coil breakout to the downside with the TICK as the tell.

2) TICK -1200 reading continuation coil and go.

3) Range highs coil and go.

Sunday, December 19, 2010

Thursday, December 16, 2010

Wednesday, December 15, 2010

Monday, December 13, 2010

Thursday, December 9, 2010

Breakout or Swing Down?





















The morning reversal was a little bit later than normal today, nooner LOD, but structure was much the same. Cup-and-handle coil and go type of action to bust through the VWAP to near range HOD.

Did I mention that it was on neutral sediment? The same move plays day after day.

They need to bust it up hard at these levels, and show some evidence of increased business at higher prices, or else Santa's sliegh might hit a snowbank.