Monday's review

Lacking any economic catalysts to begin the week stocks started the day off gapping higher. Volume tracked lower for much of the day indicating institutional players were sitting on the sidelines staying away from the action. It appeared the action was driven by short-sellers covering their positions. It was certainly disappointing to see volume come in lower on such a large percentage move on the indexes. At this point, a day with gains is nice but at some point we need accumulation to support this uptrend.
For my surprie, Ford was one of the weakest stocks in today's market. It closed only with +0.18% gain and traded for a long time in minus day during a day. Hmmm.. If u can explain this, write in the comments please.
My other pick to look for today was COT. I suposed that this stocks is much stronger then market. And really, we saw +8.31% gain but we didnt see good patterns to enter.
HEB - its really my winner. Gained +48%. Still waiting announcement about their drug which is expected this week.
VNDA - was another big gainer but we didnt see trading it @10$ region, so we didnt enter long on it.
Today i made a mistake with MGM. News was focused today on this stock. I entered @8.5 range breakout (for long position) but this breakout was false and MGM traded in downside range with small angle. Only after lunch it began to go with market and closed for +13.95%. Sounds horriblle but i didnt estimate, when i was enetering a position, that news about JP morgan upgrade, Kerkorian purchase all in market already. Stock gained for that moment 10% already. Even strong market couldnt to push it higher for a long time.
Today world perceived very good the victory of N party on elections in India. If i now mistaken Indian Stock Index gained nearly 20%. We have intersting situatin in Indian bank which trading on NYSE - IBN . No question that this was very tasty short on 30$ breakout. But even on weak market this level hold good. I waited for 30$ breakout to enter short and after lunch of it entered it and we could close this position on 29.29 in last minutes of market. But why we didnt do this thing during trading day. Why we did not buy at 30$ and sell at 30.5 region? We could profit doing this many times today.

We would have no troubles today with this powerfull up trend if we would just to listen to this expirience man on twitter - TraderFeed or to his indicators. Even looking to a simple tick we could made nice daytrading profit. Tick always indicated uptrend today. And today's moving up was confirmed good with sectors, indexes.

Monday. Preparation

Today we have monday and lets make a great trading week!
We begin with pennystocks picks
VNDA
- i wanted to short this stock with new drug on friday @11$ breakout. Technically it was very good, but i didnt understand fully a growth on new drug and also TimSykes , pennystock guru, here is his site was bullish on this stock. If we were short this stock, we could close with nearly 90 pips profit on 10$ region, but.. This stock was really stronger then market, it closed @11.15 and market , in general, were weak. So i think TimSykes were more right about this stock. As i understand we have a smooth process of promoting companies drug.. I am not sure really but i will try to enter long if we will have pullback to 10$ again.
COT - still stronger then market after earnings. Earnings changed from 0.28$ loss to 0.30$ profit. In general this is still strong stock. Lets just looking for it.
HEB is awaiting FDA approval on the drug Ampligen which is in orphan status. Investors seem to be buying in before the announcement which is expected in the next week.
Now market dont give us many good patterns in pennystocks.
F - Ford is looking strong after stock offering. This is potentional buy. Can find good entry point on monday. But more better i think to find weak stock with the same volatility to make hedge deal.
I am pretty satisfied how my hedge deal with shorting CSCO and buying MSFT are working. Now have profits in this deals.

Wait for updates!

Monday's report. What we will in a range.

Today's market character was horrible range after 20 min drop on the market open. Days like this are always hard to trade because a lot of patterns having false breakouts, low volatility, and a lot of stocks a just trading plus-minus some points...
Today's watch list was added by financial companies - BAC, AXP, WFC and USB, COF, BBT (last 3 announced about selling own stocks to refinance their debts).
As today market character was range we have small number of opportunities to enter from my big stock list. We had only some patterns to play in not very good stocks. They are thin (low average day volume)and have big spread..
1st trade was shorting GRA. This company was found not guilty to the poison crime. After this news announced we have 1h growth from 9.5 to 13. I preapered to short this after 12.2 breakout before the market and did it. I shorted @12.18 but in some ticks GRA was already traded @12.5. Thats why i dont like thin stocks. When somebody with even not small buying power want to move it in 10-30 points he have no problems with this. I put rather big stop loss as for daytrade @12.62 . Some ticks more and we already trading in 12$ region :-). I decide to close position using limit order. But anyway closed it only @12.08. We got resistance @12. I reentered on its breakout @11.97. At this moment market was making some down moves so this enter was ok. But from this moment market range become more and more stronger. I have to close position, seeing market conditions, on lows region 11.8 . But waiting for breakout and got stop loss @12.10 after long time position holding.

IRF - company which announces bad q1 earning at 7May after market close. Now trading in range 13-14$. This stock will be in Tuesday's stock list for short @13$ breakout.
AXP - due to negative market mood on financial companies, mostly all financials opened with a down gap. The same situation we saw in AXP. After opened with a down gap it have traded in a range as whole market. But at the afternoon it formed nice support @26.5. Market hadnt power to go down or up , so we can expect breakout AXP but with low target to go down more. So nice trade idea was to buy AXP some above 26$. The idea worked and we earned another 20 points.

Another good picks were COF and BBT. After news about "selling own stocks" announces this stocks was a small number of all which traded in nice trend.
So! Be happy and hope that tommorrow we will have better markte conditions to have more patterns for making profits!