Alerts for Dec 1st

Monday, December 1, 2008

The following Alerts are issued real time during the trading day on Daytradingradio.com, Then they are re posted at the end of the market day here.



Market Update 1:28pm
I am doing all i can to let this market play its hand today. Added to more SNDK, But holding off MT today, even though i want to scale in here 100, F was a rockstar sell before open at 3.00.
There is a level 836-37 I want to watch for a a e-min trade and willing to wait for it, if it happens or not.
Monday are the best places for Bull traps by gapping down and trapping the longs over the weekend. I do not know if we have a rally in us today, and think there is a better chance of testing lows again. keep powder dry . There are some great stocks setting up



Fast drop inF (ford) Bought 2k 1:55

Bought 2k @ 2.43 more to come

Market Update 1:28pm

I am doing all i can to let this market play its hand today. Added to more SNDK, But holding off MT today, even though i want to scale in here 100, F was a rockstar sell before open at 3.00.
There is a level 836-37 I want to watch for a a e-min trade and willing to wait for it, if it happens or not.
Monday are the best places for Bull traps by gapping down and trapping the longs over the weekend. I odn’t know if we have a rally in us today, and think there is a better chance of testing lows again. keep powder dry . There are some great stocks setting up


MT Looking for an entry

Looking at a bottoming pattern forming at 20.90 1 min chart inverted head and shoulders, but gut is telling me we are goingto see more weakness, What do you do in this situation? Trades will always appear, If I am afraid of missing a trade I will scale in very lite. 50-100 shares to give me piece of mind.

Crox

Nothing I would normally trade, but seeing some action starting, picked up 2k @ 1.37 and 2K @ 1.38
Didn’t do any research, just taking a momentum trade .. Could be out very fast


SNDK Bought SNDK @ 7.10 200 Shares

Biting bullet, just adding here and looking to eventually hold 1k

SNDK

Looking for my second entry on SNDK first was last week 400 @ 7.64.
markets still extremly weak and am holding back on any longs right now.
Looking at SNDK @ 6.95- 7.00


Morning Trade 9:23

Futures are getting hit hard this morning on China news, this is really putting some pressure on the metals and would wait on scaling back in MT at this point. We are looking to open right at 870 area which is a important support area (20 ema on the 60 min chart) We could get a bounce here. But after that youy want to be very cautious today , and not try to jump into to many longs until the markets prove this is just a bump this week.
SDS, DXD, and QUID should be in Focus and I will be watching what sectors will be showing strength early in the trade.
Continue to watch Autos
F is up nice and looking to take a nice profit at the open