A Trade A Day

It’s Sunday afternoon. That means it’s time for another trading ideas update. Where I review the trades from the past week that were featured on this blog as well as any remaining open trades.

The AMTD trade is chugging right along. My stop is currently around the 18.20 level. I will be riding this one as far as it can take me.

The TNH and CSCO are both similar in that they both broke out well, but are stalling. I’ll be watching carefully. My TNH stop is pretty loose, around 115. CSCO has a mile to go before I get stopped.

The AGU trade is doing ok, but today there was a big increase in volume with little movement.

The GT trade is forming a handle which possibly will give me the opportunity to add more.

The NILE trade never setup and is no longer valid.

NVT is getting bought. The NVT trade didn’t have a chance to setup for me. So, I’m taking it off my list.

The KGC Trade is still consolidating. I still like it over 15.50.

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Time to review the current open trades featured on this blog.

The AMTD trade featured on September 10th is still open, but going nowhere. My stop is still around 17.25. The trade has a slight profit and the trend of the stock is up. For now I’ll leave it open.

The FCX trade is still open, but FCX has gone parabolic and is flashing an avalanche. What’s an avalanche. You can find an explanation at Toni Hansen’s online trading blog. Here’s the
FCX Avalanche.

TNH and CSCO are both moving well.

The AGU trade is moving well too.

The GT trade has setup.

The NILE trade hasn’t setup yet. But the bull flag is still valid.

Ok, we’re up to date. Have a great week!

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I wanted to give you a status of the trades that were featured on this blog and where they currently sit.

The AMTD trade was featured on September 10th. I still like AMTD. The stock currently sits at 18.27 so my entry has been hit. I am waiting to see where this one wants to go.

The FCX trade was featured on September 11th. FCX has been a great stock for me. My entry was hit at 92.15 and the stock has taken off. The best trades are profitable from the beginning and FCX is a great example as it has blown through my target of 107 and kept going.

The ALXN trade never setup. It’s broken down in its base and is no longer valid.

On September 19th I featured a CSCO and TNH trade. CSCO hasn’t broken out. It’s in the zone where I may pull the trigger, but I’d like to see it over 32.50 by at least a dime. TNH has tried to break, but as I stated in the post, I’m giving it at least a 2 or 3 dollar cushion above 122.50 before I pull the trigger.

Finally, on September 20th, I featured the AGU trade. AGU broke out on 9/21 and did well. Volume was exceptional and I’m eager to see what this week holds.

Ok, we’re up to date. Good luck this week!

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