Gapper's Eye        Gapper's Eye Index        Daytradenet Top
 



1/22/2008 Tue
   

A Big Trading Day !

AAPL, GOOG and BIDU 


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 gapped down on the open.

The green dot indicates the opening price.

Excerpts from Net Aid:

 

2008-01-22 23:00:11 hatch shadow
Good evening.

2008-01-22 23:02:08 hatch shadow
The Nasdaq lost two straight sessions. Currently, the futures are very weak.

2008-01-22 23:02:46 hatch shadow
Here are the futures charts.

2008-01-22 23:03:08 hatch shadow
Many stocks will be opening lower.

2008-01-22 23:03:44 hatch shadow
The biggest downside gap belongs to GOOG. It is nearly down 38 points.

2008-01-22 23:03:59 hatch shadow
BIDU is down more than 32 points.

2008-01-22 23:04:03 はっちshadow
FSLR is down 20 points.

2008-01-22 23:04:22 hatch shadow
Most of stocks are down. We will focus on short, but watch out for a reversal. 

2008-01-22 23:06:04 hatch shadow
These are stocks with relatively good weekly and daily chart patterns: APOL, BMRN, TEVA, GENZ and GILD. Although the weekly chart is not good, CELG has a good daily chart. 

2008-01-22 23:30:04 hatch shadow
The market has started.

2008-01-22 23:30:26 hatch shadow
All red !

2008-01-22 23:30:35 hatch shadow
Hatch 3.

 

2008-01-22 23:30:46 hatch shadow
Long GOOG.

Up $530 for 50 shares.

 

2008-01-22 23:30:58 hatch shadow
Long BIDU.

Up $530 and $1050 for 100 shares each.

2008-01-22 23:31:10 hatch shadow
CELG and BIIB.

Up $725 for 500 shares.

 

Up $500 for 500 shares.

2008-01-22 23:33:17 hatch shadow
APOL

Up $1110 for 500 shares.

 

2008-01-22 23:33:31 hatch shadow
Long AAPL

Up $1020 for 200 shares.

2008-01-22 23:35:52 hatch shadow
ISRG

Up $511 for 100 shares.

2008-01-22 23:39:06 hatch shadow
MELI

Up $2120 for 500 shares.

2008-01-22 23:41:45 hatch shadow
GOOG

Up $506 for 50 shares.

2008-01-22 23:42:54 hatch shadow
Here are the futures charts.

 

2008-01-22 23:46:55 hatch shadow
FMCN 

Up $535 for 500 shares.

2008-01-22 23:47:37 hatch shadow
AAPL

Up $312 for 200 shares.

2008-01-22 23:51:16 はっちshadow
SYNA hit the average daily range.

2008-01-22 23:53:50 hatch shadow
FWLT and PCLN

Up $400 for 200 shares.

 

SYNA hit the upper boundary. It was a good place to short the issue.

 

2008-01-23 00:29:22 hatch shadow
SYNA also moved above the average daily range. Don't insist short this one.

2008-01-23 00:29:36 hatch shadow
I don't think you will lose that much if you can short it near the upper boundary. But, if you are not comfortable with the idea, don't do it ! 

 

After all it made $1020 profits on 1200 shares

 

 

The Nasdaq finished with a wide range up-bar.

 


Gapper's Eye Index

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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
.