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Trading123 Daily Stock Pick
Newsletter
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Stock Market Newsletter is emailed to each
member every morning by 9:00 am. We scan the market each evening, and
morning for the hottest stocks on the move. You get two day
breakout plays, gap plays and weak stocks that are looking to breakdown
and sell off. Under any market conditions we find winning plays daily.
Intraday trades for potential profits of +.40 to +2.00 points. So order
today and play our breakout alerts. Visit this link on how to play our
alerts.
How To Play our Alerts
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Stock |
R3Breakout Long Above |
ResistanceR4 Long Above |
R5Potential High of Day |
S3 Breakdown Short Below |
Support S4 Short Below |
S5 Potential Low of Day |
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AMZN |
188.85 |
189.39 |
191.04 |
186.88 |
186.06 |
184.39 |
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HRBN |
14.15 |
14.96 |
16.57 |
12.54 |
11.73 |
10.12 |
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SNDK |
42.12 |
42.45 |
43.10 |
41.46 |
41.13 |
40.48 |
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MET |
40.49 |
40.62 |
40.87 |
40.24 |
40.11 |
39.86 |
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RIMM |
26.28 |
26.67 |
27.43 |
25.50 |
25.12 |
24.35 |
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Newsletter |
6/21/2011 |
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Resistance & Support Levels:
The levels above
are support and resistance levels for the stocks in the newsletter.
These pivot levels are what all the major trading robots and trading
firms base there price action of off. So they are highly accurate and
also contain Fibonacci levels in them. Picture them as floors, as stock
moves up breakout levels our at the R3, to R4, to R5. If stock is
trending down, support levels are S3, this is the area to short below,
then the stock can breakdown to S4 and extreme sell off to the S5. These
levels remain in effect for the entire day. If volume is strong on the
day, and the stock breaks to R4 level, you have over 80% chance that it
will trend up to R5 level later in day if volume is strong. S5
Level is the Potential Low of the day. R5 Level is Potential High of the
Day and are also key reversal areas.
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RIMM Long @ 26.25 R3 out @ R5
27.40 +1.15 profits |
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On this trade RIMM reversed
right at the daily trend line. Any volume bar above the blue line is
above average volume and volume moves price and price moves volume. So
long right at the R3 area first resistance is the R4 we hit quickly.
Little profit taking then breaks out above the R4 and target it the R5
to complete the move for nice profits.
When the stock breaks the R4 level you have
88% chance that it will trend up to the R5 if the volume is above
normal. And you see the volume was there it moves price and up we go.
Candlesticks stacking on top of each other and breaks over 27 onto the
R5 pivot were you always take profits.
Most traders would of got out at 27 whole
number resistance. With the pivots you locked in extra .40 cent profit.
Do that 5 times a week it all adds up to nice profits.
SNDK Breakout of R3 Long @ 42.10 Cover @ R5 43.10 +1.00
This is almost the exact same play as
RIMM above. See these patterns repeat and once you trade them a few
times you will recognize them and buy the R3 and sell at the R5. These
patterns happen day after day, year after year. If you not trading with
the pivots you are missing on potential profits each day.
AMZN one of my
favorite stocks, I buy it every time at the R3 and when I first
started learning the pivots I had 12 winning days in a row
buying the R3 and selling the R5 on this particular stock. Then
I went on to others that were breaking out. Here nice volume, up
we go R3 to R4, R4 to R5 area and beyond. So do you sell at the
R5. No watch the volume, volume is still strong so you hang on
to the stock and ride it to the highs sell into the whole
number. Great trade for nice profits.
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