Stalking NGA Day Three

Day three of the NGA pullback. Price move closer to the breakout point made last April 24. The ideal situation would be to see the NGA print a hammer candle or a narrow bar on low volume. I will continue to monitor and see how it goes. Below is today's chart.

Sold LVS

As widely expected the market opens in the positive territory giving me the opportunity to close my swing trade on LVS. I've sold 300 shares at $8.37 for a net gain of $355.00

LVS and YZC Trade Updates

Still holding my swing position on these two stocks. I'm about break even on YZC and has paper gains on LVS. Planning to exit them as soon as I spot a good selling opportunity.

Today's overall market action is leaning towards a higher opening tomorrow unless there is a major bad news.

Stalking NGA Day Two

Day two of NGA pullback if this action continues tomorrow which is very likely price will be testing the support around the 4.25-4.50 area. I'd like to see the stock to bounce from that area thereby respecting support. Let's see what Thursday brings.

Change, Hope, Believe...

Cheers to President Obama's, 100th Day in Office

We'd like to share a short video showcasing the skill and talent of my artist/sculptor friend Bhuds Floriano. My wife Eve shot the video using Nokia N73 then used Photodex Producer to build and finalize the movie. Enjoy.

NGA Due for Pullback

One stock from the LP Momo watchlist, NGA has been a day traders stock from a low of $4.80 towards $5.77 in quite a short time of course no need to grab the entire day's range just a portion of it would be good enough.

I was watching it early morning trying to enter but can't seem to find my spot. Well, the good thing is I learn a lot just by watching it. The stock ends in positive territory but the bulls are bit tired. Entering here would be highly risky, see A and B these indicators are way overbought. I'm waiting for the price to test support around the $4.50 area.

LP Momo: Watchlist of the Week

These are high octane stocks and might be due for a pullback. I'm waiting for pullback.