Gapper's Eye        Gapper's Eye Index        Daytradenet Top
 



1/16/2008 Wed
   

Reversals:  GENZ, BIIB and COST 


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.

The green dot indicates the opening price.

Excerpts from Net Aid:

 

2008-01-16 22:59:46 hatch shadow
Good evening.

2008-01-16 23:01:24 hatch shadow
The Nasdaq closed poorly yesterday. Currently, the futures suggest the weak open.

2008-01-16 23:02:14 hatch shadow
Many stocks will be opening lower.

2008-01-16 23:02:30 hatch shadow
BIDU. This will be opening lower nearly 10 points.

2008-01-16 23:02:57 hatch shadow
So is GOOG, a big downside gap.

 

2008-01-16 23:03:18 hatch shadow
FSLR

2008-01-16 23:03:21 hatch shadow
The price is still above the 20-week MA, but the daily chart is weak.

2008-01-16 23:03:26 hatch shadow
RIMM

2008-01-16 23:03:43 hatch shadow
AAPL 

2008-01-16 23:03:56 hatch shadow
ISRG is also gapping down.

2008-01-16 23:04:03 hatch shadow
FWLT

2008-01-16 23:04:18 hatch shadow
AMZN

2008-01-16 23:04:36 hatch shadow
GRMN

2008-01-16 23:04:46 hatch shadow
It is down more than 1 point.

2008-01-16 23:04:48 hatch shadow
SIGM

2008-01-16 23:08:38 hatch shadow
LRCX

2008-01-16 23:08:48 hatch hadow
KLAC

2008-01-16 23:09:15 hatch shadow
Let's move on to long candidates. 

2008-01-16 23:09:19 hatch shadow
APOL is a very strong stock.

2008-01-16 23:09:57 hatch shadow
GENZ

2008-01-16 23:10:21 hatch shadow
GILD. The weekly is still fine.

2008-01-16 23:10:52 hatch shadow
UAUA. The weekly is strong.

2008-01-16 23:11:18 hatch shadow
PCLN is also a long prospect. 

2008-01-16 23:29:45 hatch shadow
Watch out for a reversal.
 

2008-01-16 23:30:19 hatch shadow
Long GENZ.

Up $120 for 200 shares.

I was trading three stocks simultaneously. 

2008-01-16 23:30:28 hatch shadow
Long COST and BIIB.

Up $100 for 200 shares.
 

 

Two trades.

Up $440 and $265 for 500 shares.

2008-01-16 23:31:26 hatch shadow
LEAP

No trade. I'm holding three positions.

2008-01-16 23:31:54 hatch shadow
Long GILD.

No trade. I'm holding three positions.
 

2008-01-16 23:32:58 hatch shadow
Long APOL.

Up $250 for 500 shares.

2008-01-16 23:33:38 hatch shadow
Short ADSK.

Up $225 for 500 shares.

2008-01-16 23:35:29 hatch shadow
PCLN, a 30-min. gap pattern.

Up $120 for 200 shares

2008-01-16 23:36:52 hatch shadow
WYNN 

Up $412 for 200 shares.
 

2008-01-16 23:37:24 hatch shadow
FSLR 

Up $1402 for 100 shares.
 

2008-01-16 23:39:41 hatch shadow
AMZN

Up $146 for 200 shares.
 

2008-01-16 23:43:24 hatch shadow
CHRW

Up $170 for 500 shares.
 

 

The Nasdaq formed a narrow range up bar.

 

 


Gapper's Eye Index

Daytradenet Top


Charts courtesy of CQG

Source: 2006 CQG, Inc. All rights reserved worldwide.

 


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