Brandon Today, thursday looks like a gap down opening after a nice run up for a few days. What's you system saying about this?
AMZN is holding on very well. Keeping its gap even in the face of a market that had earlier weakness. This is a good example of the kind of action I want to see in a stock I'm going to trade breakouts in. Brandon
<brandon> 10:36:16 STOCK DAY TRADE: BUY SETUP AMZN above 28.50. Stops under 28.30 Here is the alert we had for AMZN in the room today. This chart is really a picture of money. Huge daily trap, nice base. We have sold 2/3 of it now with a breakeven stop in on the rest. Will see what happens, might end up swinging some of it. Brandon
COLM has been the other gapper today that we have done well with. Have gotten two trades out of it for a total of about $1.20. Brandon
Here is the chart of the AMZN trade. Really picture perfect example of a breakout. I always love it when people say "You can't make money trading breakouts." Its just silly. If you study this one and just looked for this setup, you will make money every quarter. There are 1 to 3 of these every single day you can get. SO, that works out to like 500 opportunities to make money each year. Brandon
ZRAN is holding up nicely and forming a nice base. Worth watching on a breakout higher to buy. Brandon
a lot of stocks have nice potential breakout charts for this afternoon. zran, sbc, si, wgo, wwy, jnj, lnc, ivv, gb..lots of others but this is enough to stay busy. Brandon
GB, WWY, WGO, SI all setup and worked out nicely. Also had RCII in the room, which I did not mention here. It had a very nice coil and break. Good overall action in the market today. Brandon
Today INTU has been the best stock of the day for us. Had a nice trap (daily) and good good follow through on the two breakout setups. ERICY was the other one I have had, so shooting 3 for 3. Pretty much of a slow day though because its feeling like a whippy day and I tend to do very poorly on them. Brandon