Tuesday, May 22, 2012

MY TUESDAY'S TRADE SET UPS, MAY22,2012


DOW will definitely continue to go north as in yesterday. I will augment my position therefore with the followings stocks:
         
           STOCKS    SHARES        ENTRY         EXIT
          1. BIDU          230               121.75        129.55
          2. MA               60               410.58        419.99
          3. WYNN       240               104.17        107.01
          4. PCLN           40               657.58        681.85
          5. CAT            274                 91.98        100.66
          6. YHOO       1650                 15.58         16.72


As soon as each stock hits its price target, i will gonna head for the exit and take profit. My indicators showed that above stocks will move up with the market.


So let's see how well i trade today :)
Note: Above are mine alone and does not constitute a  
          recommendation to others.

1 comment:

joeyDF said...

The market didnt turn out as i expected. Though it opened up quite high, bad news coming out of EU dampened the market to end where it started. My set ups however proved that in this high market volatility, its better to daytrade. I exited when my stocks started to go down..for still a modest profit. Had i done swing or buy & hold. i'd have been wiped out and had to wait till market rebounds.

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