Swing Trading Opportunities

[Palatine]

More trades today. DD was shorted at 48.00 since I have not removed the order. Now if you look at its most recent chart you will see how it's dropping from 48.00 again. This is good! Exactly what I want to see as a seller.

DD (Short): Stop @50.20, Target @46.00 (see attachment in previous post)
ABT (Long): Stop @53.50, Target @58.00
DFG (Long): Stop @27.00, Target @32.50

Another one that I'm looking for on the long side is DELL. After its earnings report this stock looks promising!

I have a hard time finding short trades and wished there were more to hedge against adverse price movements. What I do instead is trade the ES futures on the sidelines (both long and short) to reduce this exposure and also make up for that VTIV loss.

A trader should capitalize on all these instruments that are available to maximize return and minimize over-exposure through hedging. In summary we still have 8 positions open and running!

[Palatine]

Two more entries:

CPHD (Long): Stop @22.65, Target @27.80
ARRS (Long): Stop @7.55, Target @10.70

The CNP (one of the few shorts) looks a bit tricky. It's close to being stopped out, perhaps on Monday if bears won't take it lower from here. All other positions are doing well and right now I have no reason to exit any trades.

I did not take the DELL trade as it seems to be falling from the 23.80 resistance noted before. Not a good long to take in my opinion.

[MC]

I'm posting less on the web, but I'm still reading so keep up the good work.

[Palatine]

New week, new watchlist:

Long: ABI, ACLS, AES, AET, AFG, ALL, ALXN, AMB, AMGN, ARW, BLUD, BRCD, CEG, CEM, CG, CMO, COO, CSE, DOUP, DOX, EPIC, EYE, HOG, FL, KNL, LINTA, MYL, NWY, OMX, PALM, SKX, SVU, STAR, UNFI, WMG, ZLC

Short: CTX, HOT, MOLX, NFLX, PEP, PPS, TEN

A few of them are really good candidates and I will be posting them as soon as the trades were filled in the morning. As June is going to be the first full month since inception of this thread I will be posting the results at the end of June.

[futures_guru]

Thoughts on LNOP? I'm long with a stop under $11.

[Palatine]

	Quote:	futures_guru
	Thoughts on LNOP? I'm long with a stop under $11.

I can't find this ticker symbol.

[Palatine]

It is days like these which filter out the strong from the weak. The weak will be stopped out (has not happened to any of our positions yet) and the strong will survive this bearishness and find their way to our targets. It is also days like these the trader has to be aware of and take appropriate measures of insurance.

In practical terms this means that I have shorted the SPY ETF's at market open as a hedge against our long-biased portfolio. The new candidates are not doing particularly well today (except for SO) but time will tell. Here they are:

AET (Long): Stop @44.50, Target @49.40
CEM (Long): Stop @8.15, Target @9.40
NWY (Long): Stop @7.05, Target @9.50
SO (Short): Stop @36.50, Target @35.20