Going to be watching closely tomorrow to see where the setup and entry are. Just from a daily chart would like to see BAC retest the 200 SMA. As for MS breakout above $32.
Tuesday, August 4, 2009
MS & BAC
Both are coming out volatility squeezes and look like they have further to run. If MS can break above $32 I think this stock is headed to $39-40 as the next serious level of resistance. As for BAC this stock could be headed toward $25 by the end of the year...
Going to be watching closely tomorrow to see where the setup and entry are. Just from a daily chart would like to see BAC retest the 200 SMA. As for MS breakout above $32.
Going to be watching closely tomorrow to see where the setup and entry are. Just from a daily chart would like to see BAC retest the 200 SMA. As for MS breakout above $32.
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bought BAC at $16.16 (stop at $16.08)a few hours ago and sold at $16.50 just now. Couldn't hold to see it go to $18...
ReplyDeleteBought MS at $29.90... with a tight stop at $29.75 now at $30.30-30.35. Will look to unload around $32.
Very nice! I see you are adjusting well to these day trades. Your activity seems to be picking up.
ReplyDeleteUmmm... It took me a while to get a feel for day trading. Swing trading isn't so urgent and stressful and I've had great success but this is a whole new ballgame/learning curve. Monitoring the T3 morning calls, SMM, SMB blog, stocktwits, listening to the T3 guys chatter and boning up on my technical analysis has vastly improved my understanding and confidence. I've had to get more organized, master my IB tools, better my technical skills and be a lot more committed. Still batting about 60% with my day trades or just a little over par but the key is I'm beginning to see the setups quicker and clearer.
ReplyDeleteStill looking to possibly join SMB's training program but wanna be a little a head of the game before that time.