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12/26/2006 Tue
   


Trade Of The Day: NVLS, COGN And JOYG

High - Low Bands: No New Trades


Gapper's Eye utilizes our original unique stock scanner, Break Scan, and sophisticated chart software, CQG. With nominal fee, the Break Scan is available to our members.  

The Kamikaze Gap Play was introduced to the U.S. traders in the August 2005 issue of Active Trader Magazine.   

 


The Nasdaq index is in the short zone. Because of three straight down days, I focused on long trades today.




Choose stocks show up on both the Swing Scan and Break Scan Pro.

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High - Low Bands Gap Play Watch

This strategy can be applied effectively by using the Swing Scan. As the name implies, this system scan stocks for swing trading. Of course, these stocks are suitable for intraday trading, too. Don't just concentrate on stocks. Be sure to follow the index.




    The Nasdaq opened lower. I had to watch out for a reversal because the market already had three consecutive down bars. 


Swing Scan Watch

Each figure shows the size of the gap, the order of moving averages, the new high or new low in the past five days. The trigger indicates the buying and selling pressure. We do not hold overnight positions more than five days. A long position will be closed when the stock gaps down. (Sometimes, the position is liquidated on the second gap-down.) The opposite rules applies for closing short positions.   

 

None

No existing positions

 

Gapper's Eye Index

Daytradenet Top


Red and blue zones show the gap of the preceding day.
The Green zone indicates the profitable zone of trading.