Gapper's Eye        Gapper's Eye Index        Daytradenet Top
 



11/1/2007  Thu
   

Difficult Market

AAPL, GOOG, ESRX  and BIDU 


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 on the open.

The green dot indicates the opening price.

Excerpts from Net Aid:

 
2007-11-01 22:00:11 hatch shadow
Good evening!

2007-11-01 22:04:24 hatch shadow
The Nasdaq took out the resistance line at last yesterday.

2007-11-01 22:04:36 hatch shadow
Currently, the futures are weak.

2007-11-01 22:04:48 hatch shadow
Not an easy environment for swing  traders.

2007-11-01 22:05:11 hatch shadow
The daily and 30-min. charts

2007-11-01 22:05:25 hatch shadow
Yesterday's gain is almost half gone.

2007-11-01 22:05:51 hatch shadow
The 1- and 3-min. charts.

2007-11-01 22:06:26 hatch shadow
CROX is gapping down big in response to earnings.

2007-11-01 22:10:31 hatch shadow
Although the market is weak, there are not many stocks are shortable. Maybe SHLD and BRCM.

2007-11-01 22:11:53 hatch shadow
Here's BRCM.

2007-11-01 22:13:07 hatch shadow
FMCN is a 30-min. gap play candidate.

2007-11-01 22:13:37 hatch shadow
It will open with a small gap.

2007-11-01 22:14:18 hatch shadow
Another example is ERTS.

2007-11-01 22:14:32 hatch shadow
It already has two straight up bars.

2007-11-01 22:15:17 hatch shadow
BIDU will make a relatively big gap.

 

2007-11-01 22:15:55 hatch shadow
This one is iffy.

2007-11-01 22:16:30 hatch shadow
GOOG will be down on the open, but gap is not that big.

2007-11-01 22:17:05 hatch shadow
AAPL. This one is iffy too. 

2007-11-01 22:30:09 hatch shadow
The opening time !

2007-11-01 22:30:35 hatch shadow
All short candidates.

2007-11-01 22:30:46 hatch shadow
Hatch 3 shows BRCM, AMZN and SHLD as short.

2007-11-01 22:30:57 hatch shadow
BRCM and  SHLD are on Break Scan, too.

2007-11-01 22:31:06 hatch shadow
Short BRCM.

±0 

 

SHLD: Up $500 for 500 shaares.

2007-11-01 22:31:22 hatch shadow
You can't short AMZN.

It reversed. We did not short it. 

2007-11-01 22:32:04 hatch shadow
ESRX

2007-11-01 22:32:12 hatch shadow
Long ESRX.

Up $300 for 500 shares.

 

GILD: Up $500 for 1000 shares.

2007-11-01 22:32:50 hatch shadow
The futures are moving higher.

 

 

2007-11-01 22:34:07 hatch shadow
SHLD is done.

2007-11-01 22:35:30 hatch shadow
AAPL looks ready.

Down $125 for 250 shares. 

AMZN is a double-scan. 

Up $500 for 500 shares. 

2007-11-01 22:36:34 hatch shadow
GOOG.

Up $400 for 100 shares.

2007-11-01 22:39:30 hatch shadow
Many short candidates.

2007-11-01 22:42:09 hatch shadow
AMZN looks better.

2007-11-01 22:44:25 hatch shadow
BIDU.

BIDU: up $500 for 100 shares.

2007-11-01 22:45:33 hatch shadow
BIDU and GOOG

2007-11-01 22:47:07 hatch shadow
BIDU and GOOG lost steam

2007-11-01 22:57:18 hatch shadow
BIDU is moving slowly.

100 shares BIDU= 1000 shares of a $38 stock

±0 

2007-11-01 23:13:46 hatch shadow
BIDU is coming back.

2007-11-01 23:15:15hatch shadow
AAPL。

 

2007-11-01 23:15:50 hatch shadow
The futures.

 

2007-11-01 23:18:44 hatch shadow
ESRX looks ready.

2007-11-01 23:19:47 hatch shadow
ESRX.

2007-11-01 23:19:51 hatch shadow
It's on Break Scan.

2007-11-01 23:23:18 hatch shadow
ESRX looks nice.

2007-11-01 23:25:33 hatch shadow
ESRX, good. Almost 0.7 point gain.

 

2007-11-01 23:26:26 hatch shadow
Still more to go.

ESRX: Up $750 for 500 shares.

BIDU: Up $600 for 100 shares.

 

The Nasdaq formed a long down bar.

It lost all yesterday's gains and more.
 


Gapper's Eye Index

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Charts courtesy of CQG

Source: 2006 CQG, Inc. All rights reserved worldwide.

 


Red and blue zones show the gap of the preceding day.
The Green zone indicates the profitable zone of trading
.