Daily Trader: Trade Ideas For July 23rd, 2014

Following are our trade ideas for our Daily Trader portfolio for Wednesday July 23rd, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. Gannett Co, Inc. (GCI) Direction: Long Entry: 33.38 Stop: 32.81 Target: 34.72 Pattern: Bull Flag / Expansion Candle / Resistance Break Out Herbalife…

Daily Trader: Trade Ideas For July 22nd, 2014

Following are our trade ideas for our Daily Trader portfolio for Tuesday July 22nd, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. EMC Corp. (EMC) Direction: Long Entry: 28.47 Stop: 28.16 Target: 29.61 Pattern: Gap Up / Expansion Candle / Potential Resistance Break Och-Ziff…

Almanac Trader Update – July Expiration Trade

On Thursday July 17th, we staked a bearish position in our Almanac Trader portfolio based upon the tendency of market to decline around July expiration day. This year this trade did not work well. The trade usually lasts for a day or two. We will close the trades by the end of day on Monday.

Daily Trader: Trade Ideas For July 21st, 2014

Following are our trade ideas for our Daily Trader portfolio for Monday July 21st, 2014. These are short term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. American Realty Capital Properties, Inc. (ARCP) Direction: Long Entry: 13.16 Stop: 12.79 Target: 13.69 Pattern: Bull Flag / Expansion Candle…

Daily Trader: Trade Ideas For July 18th, 2014

Following are our trade ideas for our Daily Trader portfolio for Friday July 18th, 2014. These are short term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. Enbridge, Inc. (ENB) Direction: Long Entry: 48.89 Stop: 48.27 Target: 49.20 Pattern: Expansion Candle / Symmetrical Triangle Up Break Out…

Almanac Trader Alert – July Expiration

The expiration day in July gives a bearish bias to the market that we have found to be trade-able in our Almanac Trader portfolio. Since 2000, using 1X and 2X index ETFs, our strategy produced 56 trades for 64% success rate. The average gain is 1.6% for an average of one-day holding period giving an annualized return…

Trading Notes: July 17th

Not all of our day trades for today triggered. Many gapped at the open and usually we do not chase the gaps unless they are very near our entry. We generally enter gapped trade based upon ORB. Modify the entry levels based upon the ORB – Opening Range Bar (first 30 minute candle) AMCX (long)…