Toni's Trade Wrapup - 20080414

TRADE WRAPUP - Monday, April 14, 2008

All times are Eastern.

9:36 FSLR upside watch list (This means continuation patterns on the upside)
At 9:43 FSLR was removed from the watch list.
UPDATE: This did give a buy setup later on in the morning, but I did not return to this chart in time to take advantage of it. I have posted the chart here, however, to show how the daily caught my eye and how the intraday trigger would have taken place.
The daily remains bullish.

FSLR Buy Setup


9:41 WB watching for short side (This means continuation patterns on the downside)
WB triggered under $25.66 at 9:48.
WB first support for initial partials was given as $25 at 9:51. It hit at 9:52.
WB hit trailing at 10:20 over $25.72.
The daily remains bearish.

WB Short Setup


9:44 NQ support (This holds as the morning lows)

NQ Support


9:57 1816.25 given as next NQ resistance on the larger time frames.
At 12:55 this is updated because the NQ was hitting the 30 minute 20 sma when the ES was hitting resistance at that time (This ES is given at 12:50).

10:10 APOL given to watch for more downside. Nice daily cited, but also had intraday bear action and was triggering a breakdown at the time. It made a $0.70 move before hitting support. The daily continues to remain bearish.

APOL Short Setup


10:26 TSL forming 5 min Avalanche.
This did not trigger and was not shortable on IB, hence removing it from watch.

TSL Potential Short Setup


10:40 ISRG base at lows.
This also did not trigger. ISRG was given as a momentum short setup as a swingtrade on Friday morning between $338-340. It hit lows on Monday of $315.

11:06 MTB alerted as swingtrade short on corrections off intraday support. Earnings cited as something to watch out for. It was trading $81.48 at the time of the alert. It closed at $80.75 after several upside corrections intraday into the $81.80 area.

MTB Short Setup


11:07 ZION base at lows.
11:28 ZION first support $42.50 with $42 target.
13:49 "ZION hitting target zone."

ZION Short Setup


12:12 STI base at lows. (Reaffirmed several time throughout the session as remaining on watch for short ops, incl. at 14:08 ET.)

STI Short Setup


12:50 ES resistance is 1336.75 ES holds this by two ticks.

ES Resistance


13:02 CRS basing at lows. Remainder of this position was stopped out.

CRS Short


And that's all for today folks!!! I will try to update this every day, but please forgive me if I am not able to (2 kids and other projects to work on!). For those that stop by the room, you can also turn on logging to save transcripts for review under the mIRC options. Take care and have a wonderful evening! Time to go for a stroll with the munchkins and then will get you guys the Market Action Letter for today. Later!!!