2/27/2007 Tue
Trade of the Day: CHRW, NVDA and CTSH
High - Low Bands: Changing Stocks
Gapper's
Eye utilizes our original unique stock scanner, Break Scan, and sophisticated
chart software, CQG. With nominal fee, the Break Scan is available to our
members.
The Kamikaze Gap Play
was introduced to the U.S. traders in the
August 2005 issue of Active Trader Magazine.
The Nasdaq gapped down and finished the day with an extremely large down bar.
The index is in the short zone.
Find stocks appear on both
Swing Scan and Break Scan --
Double Scan Trading System
But, because of technical issues, I could not use them first six
minutes.
Magic Cross
This is a stock from Real Tick pre-screen as a long candidate.
Low priced stock
30 - min. gap play
High - Low Bands Gap Play Watch
This strategy can be applied effectively by using the
Swing Scan. As the name implies, this system scan stocks for
swing trading. Of course, these stocks are suitable for intraday
trading, too. Don't just concentrate on stocks. Be sure to follow
the index.
The Nasdaq gapped down and finished
the day with an extremely large down bar. The index is in the short zone.
Swing Scan Watch
Each figure shows the size of
the gap, the order of moving averages, the new high or new low in the past five
days. The trigger indicates the buying and selling pressure. We do not hold
overnight positions more than five days. A long position will be closed when
the stock gaps down. (Sometimes, the position is liquidated on the second gap-down.)
The opposite rules applies for closing short positions.
Weekly chart below
The weekly chart is not ready yet.
Weekly chart below
This is a safe short.
Weekly chart below
The weekly is not ready yet.
Although so many stocks to choose from, by checking weekly charts you can
properly select right stocks.
SBUX has a good weekly chart pattern.
Besides AMGN, this is the only short today based on weekly charts.
Overnight positions
I squeezed one point profit out of
this one.
144.0 to 145.0
+1.0 point
Entry point
Exit point
By observing intraday charts
carefully, you can get better executions.
73.60 to 73.0
-0.6 point
Gapper's Eye Index
Daytradenet Top
Red
and blue zones show the gap of the preceding day.
The Green zone indicates the profitable zone of
trading.