Wild week in the markets last week…off to a good start so far today. Numerous earnings reports in the beginning of the week and economic data later in the week should determine the direction we go from here. Intro to options course starts tonight…contact us before 730pm central to sign up.

3.25% Return on risk for the week ending 3 Oct. Volatile week in the markets…Oct tends to be a volatile month. Market hedging profits closed prior to today's move, collapse in volatility plays on for sideways to continued up move. Lots of resistance overhead for S&P, next week could be the truth teller on continued move up or actual correction (10% pullback). FOMC minutes and Unemployment claims are big movers on next week's economic calendar.

Lots of movement this week. 3% ROR in our weekly options portfolio. +23.4% return for the 3rd quarter. Classes start 6 Oct: www.BullsandBearsTrading.com for info

Watchlist for 9/24/14. Looks like the markets want to open slightly higher after yesterday's sell off. Let's see if its just a quick release bounce before more lows or if buyers step in to drive them back up.
Here's a few stocks I'm watching for day trades today.

GPRO-Hit new highs yesterday and gapping higher this morning
AVNR-Bounce continuation. Gapping up through a bull flag pre market
YHOO-Bounce continuation
MBLY-Gapping above a key level pre market
TKMR-Gapping to key level of 24.80. See if it can hold above here or if it pulls back
ANET-Coiling up. Looking for a move either way

Good luck!

Monthly Market and Volatility hedges closed today for 21% and 50% Return on Risk respectively. Will wait to see what market does the next couple of days and into next week prior to entering October's trades.

This week's Trader Fitness Routine. Stay in shape right around your desk.

Watch list for 9/9/14

Another sideways day for the markets today but with quite a few stocks breaking out of patters on the daily charts.

AVGO-closed right on the trendline after being up 6 days. Looking for a break to short.
JRJC-bouce of the 20 dma. Looking for continuation
FEYE-rode up under that 50 dma all day. Looking for a breakout tomorrow.
BLOX-held its range break from Friday. Maybe a move higher.
MEI-similar set up to AVGO.
RADA-huge run today on huge volume. See what it does tomorrow.

The S&P continued to hold up and hit new highs despite a few dips this week.We'll watch how it acts around this 2000 century mark to see if in can push though here or if it needs a pullback first.
Something interesting to note is YHOO. Yahoo has a major stake in Alibaba (BABA) which is scheduled to IPO on Sep 19th. Some folks think YHOO may be bid up ahead of the IPO.
Here are some stocks on watch for trades this week.

DATA-break out of the 200 dma at $69.70
GPRO-new highs last week. Lets see if it stays active this week
FSLR-still looking for that break of the $71.50 trendline
YY-watching for movement
CRM-range break above $60
SCTY-break above the 20 dam at $70.50
ACAD-flag break over $27
SPLK- flagging after a range break on earnings

Good luck!

1.95% ROR week ending 5 Sept following a 2.5% ROR last week. August finished with 11.75% return; 141% annualized. Learn to trade with our intro courses here. Classes start 6 Oct.

9/5/14 Intraday Watchlist

New highs for the S&P before pulling back a bit. Let's see if it holds above 2000 tomorrow.
Some stocks on watch for day trades.
MBLY-see if it holds the 45.50 area. Maybe a pullback to 43.50 if the market is weak
ACHN-up 6 or 7 days in a row.  Broke the up trendline at EOD today. Look for weakness for a short
YY-broke out to new highs wit volume. Looking for continuation
AMBA-up like 13 days in a row. Big gap up post market. Possible rubber band short set up
QIHU-in a range last 6 days. Looking for a break one way or the other

This week's installment of trader fitness. Quick workouts you can in your office to keep active during the trading day.

3.25% return on risk for the week ending 22 August. Learn how to generate consistent profits weekly. Visit our website for class info.

Another solid week ending 5/23/14 with a 2.2% ROR gain in our weekly Hi-Lo-Hi trade. Hi-Lo-Hi trade annualized ROR is 104.2%
Learn how week make weekly income here!

Sign up for our day trading and technical analysis intro course starting 14 July!
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