Three of our trades for the middle of August triggered at close on August 5th. If you have not done so then: Go long DDM at or near 113.90 Buy SSO at or near 114.14 Go long QLD at or near 115.03

Our Daily Trader portfolio scan generated following trade ideas for August 6th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Embraer Aircraft (ERJ) Direction: Short Entry: 36.91 Stop: 37.92 Target: 35.92 Pattern: Expanding Candle Target Corp. (TGT) Direction: Short Entry: 57.75 Stop: 58.92 Target: 56.63 Pattern:…

On close of July 30th, we took a bearish position based upon our ‘Almanac Trader’ strategy for the beginning of August. August 5th close triggered the exit signal for three of those trades. Exit DXD, ProShares Ultra Short Dow 30, at or near 26.67 for a gain of 5.4% Exit SDS, ProShares Ultra Short S&P…

First few days of trading in August are usually bad for the US equities and this year was no exception. Our ‘Almanac Trader’ portfolio trade was quite successful. After that the scene improves briefly and generally the third week produces good returns for major US indices, consistent enough for us to develop a strategy to trade…

This morning our trade idea, GCI (long), gapped up much too away from our entry and then it reversed. We usually do not chase the gaps and we will skip this trade.