1/12/2007 Fri
Trade Of The Day: VRTX, AMGN And INFY
High - Low Bands: Taking Profits
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 opened lower. I decided to close all open positions because we
had already two strong consecutive up days. But, the index finished strong.
Choose stocks show up on both the Swing Scan and Break Scan Pro.
None
pre-selected stocks
30 - minute gap plays
The daily chart signals longs, too.
The daily chart signals longs, too.
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 decided
to close all open positions because we had already two strong consecutive up
days. But, the index finished strong.
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.
Existing positions
I closed all open positions.
498.0 to 503.8
+5.8point
52.7 to 52.8
+1.0
130.7 to 133.0
+2.3point
40.55 to 41.45
+0.9point
Have a nice weekend !
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.