August 2, 2011

McClellan Oscilator

SKF

SPY Daily vs. Weekly

Daily Channel
Weekly Head & Shoulders

DECK

This trade didn't start out well. I have been watching DECK for a while in this channel waiting for a break out. I originally went long at 91 the night it reported earnings. I had my stop placed at 87.75, under the 50dma. I was stopped out by 30 cents I believe the following morning (Friday). I re-entered at 95 as it cleared its 10dma. I had stops under that 10d and 21dma, each for half the position. I took half the trade off at 101 for +6.00 and this morning I took off another 1/4 at 105 for +10.00. As of now, I am holding 1/4 and waiting for it to base above 100.

MA

Watching for a break of 300. Possibly a short entry with a target at the 50dma around 290-291.

NKE

MCP

FIO

BWLD

IBM