Following are our trading ideas for our Daily Trader portfolio for August 11th, 2014.These are short-term trading ideas that are normally closed either the same day or in next few days. Friday, August 8th was major up day for the market. Our strategy follows momentum and breakout stocks. Hence, we have many long ideas for Monday.…

Following are our trading ideas for our Daily Trader portfolio for August 8th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. DexCom Inc. (DXCM) Direction: Long Entry: 44.08 Stop: 42.20 Target: 45.84 Pattern: Expanding Breakout YY Inc. (YY) Direction: Long Entry: 86.10 Stop: 84.04 Target:…

Three of our trades for the middle of August triggered at close on August 5th. Now is the time for UWM. Get ready to buy UWM if it closes below 77.75 on August 7th.

Costco Wholesale Corp. (COST had a gap down open. It has made an opening 30-minute doji with close above the open. It is still below our original entry and yesterday’s close. The resistance of the upper line of the ascending triangle is stronger. Update the entry to above the ORB (30-minute opening range breakout) to 119.14.

Following are our trade ideas for our Daily Trader portfolio for Thursday August 7th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. Costco Wholesale Corp. (COST) Direction: Long Entry: 120.07 Stop: 118.95 Target: 122.43 Pattern: Expanding Breakout / Ascending Triangle Up Break Greenbrier…

Not all of our trade ideas triggered this morning. TGT (short) gapped down. Move the entry for it to 57.20 – just below the ORB (Opening Range Bar – first 30 minute candle)

Three of our trades for the middle of August triggered at close on August 5th. If you have not done so then: Go long DDM at or near 113.90 Buy SSO at or near 114.14 Go long QLD at or near 115.03

Our Daily Trader portfolio scan generated following trade ideas for August 6th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Embraer Aircraft (ERJ) Direction: Short Entry: 36.91 Stop: 37.92 Target: 35.92 Pattern: Expanding Candle Target Corp. (TGT) Direction: Short Entry: 57.75 Stop: 58.92 Target: 56.63 Pattern:…

On close of July 30th, we took a bearish position based upon our ‘Almanac Trader’ strategy for the beginning of August. August 5th close triggered the exit signal for three of those trades. Exit DXD, ProShares Ultra Short Dow 30, at or near 26.67 for a gain of 5.4% Exit SDS, ProShares Ultra Short S&P…

First few days of trading in August are usually bad for the US equities and this year was no exception. Our ‘Almanac Trader’ portfolio trade was quite successful. After that the scene improves briefly and generally the third week produces good returns for major US indices, consistent enough for us to develop a strategy to trade…