Busy day of Buying...

Wow, there hasn't been a day like this for a while now. Where the markets are just flying and stocks are following suit. A lot of my alerts to buy stocks today went off at 6:30am this morning till around 7:30am (Pacific Time PST).  It was like gold falling from the sky's today. OK, OK, it was a great day for trading. There, I'm done...

Now I got into a lot of good trades today. Some were (MTB) (XOM) (HBAN) (FISV) (AMZN) (IR) (AAPL) and (FDX) just to name a few. Sold my (SPY) today for a nice profit taking opportunity from hold on to it from last week. Profit target hit on (AET) I was swing trading from last week Thursday. I got stopped out on my (NFLX) trade going short, you win some, you loss some right...

All in All, this week is going to be packed with economic info that may impact the market a little.

1. Tuesday: Consumer Confidence (Consensus 80.0 / Previous 80.7)
2. Wednesday: New Home Sales (Consensus 0.410M / Previous 0.414M)
3. Thursday: Durable Goods Orders (Consensus -0.5% / Previous -4.3%)

                Initial Jobless Claims
                Continuing Jobless Claims
                Fed's Yellen Speech

1. Friday: Gross Domestic Products (Consensus 2.7% / Previous 3.2%)

            GDP Price index (Consensus 1.3% / Previous 2.0%)
            Personal Consumption Expenditures Prices (Consensus 0.7% / Previous 1.9%)


Here is some charts I am still swing trading to my target.

SPY Trade 2-18-2014 LONG...

Well I am going for a long position attacking SPY. This may be a chasing trade, which I am not fond of, but I will give it a shot. I think we could see new highs.  The way the price dropped and then came back so strong it's giving me the indication that traders and investors are coming back after being chased away. The price should hit some kind of resistance around $184.90. If traders and investors continue buying we could easily break through that recent resistance and head higher. Let's hope that is the case...

Here is my Options layout:
(SPY) Mar 14 187.00 CALL / 1 Contract / Swing Position
Buy: $1.25
Stop: $182.63
Target: $187.79

Tesla on the go!!!

Hello traders,
TSLA this weekend and AAPL had a meeting to discuss the possibility of Apple technology integrated into the new Tesla vehicles. Let's see if this will boost both stocks sky high. Looking for a big push higher with earnings in the next days to come. High hopes for Tesla earnings and as a company in general.

So, I went for it and bought into this hype on earnings and the meeting. I went long at $202.28 and setting my stop pretty tight at $197.09. I am looking for a target price of $212.66.

Here is my options layout:
TSLA MAR 14 270.00 CALL / 1 contract / Swing Position
Buy: 1.73  Stop: 197.09  Target: 212.66

Tesla is on the go!!!

Good day traders,

Another home run for Tesla today. Hope everyone was able to jump on that model S and ride it to the top. Wow, Tesla is just unstoppable. Leaving speculators in the dust. Me on the other hand jumped in the morning dip around 10:15am to pick up 2 contracts on the Call side. With earnings coming up on Feb 19th, this is the time to buy with all the volatility in price.

SPY was down this morning with the overseas markets not putting up outstanding numbers to carry us up. It was a small dip this morning but not a slam like other days. Let's hope this week will bring more confidence to the market to stop this sell off.

Also looking at NFLX to fall back to it's 20 MA to signal a buy for me. I think the stock price on the daily is to overbought. I have gotten into a trade like this before when it seemed to make new highs, then watched it fall when I placed my order to go long. That really suck, so now I am just going to wait patiently in the dark till the light shines on me telling me to buy. I just have to be very cautious when trading with a small account size. Take the trades that make the most sense.

Till later traders, good luck and happy trading!!!

Monster Tesla...

Good Morning Traders,

Today I am looking at shorting TSLA if weakness continues. The market has been less then awesome the past week into Monday. Yesterday was another drop kick in your face. Hey, as a trader, we have to look at what is in front of us and be able to stomach the quick moves in either direction. That is what makes us the best at what we do.

I am looking at the 4HR Chart for TSLA and even the daily, and the charts are showing me weakness to come real soon. Tesla is no joke and should not be taken lightly, but this stock is a monster that will pay you in large chunks then turn around and eat you up. This morning alone, the price went from open nice to drop 2 points and now up 3 1/2 points. Now you can see how fast TSLA will turn around and spank you if you are not on your A game.

If you are trading like a swinger and waiting for some good set ups, then you don't have to worry so much. But if you are trading TSLA like a day trader, you need to do work and focus what is in front of you.

Today, I am going to stay on the sell side. If the stock pumps up its kicks and runs toward new highs, then I will switch from sell mode to buy mode. Just got to stay loose and trade with caution.

Good Luck Traders.... Happy Trading...