Rocking. Rocking … and Rolling

Posted on Jan 17 2017 - 12:07pm by Dan

We are still short AMPH.  And that thing is burning at the moment like the sulfur in the Valley of the Son of Hinnom.  Down another -4.49% today, as it slid through that $17.00 region of support faster than the babysitter’s boyfriend when the car pulls up …

AMPH
Four Hour Chart
AMPH

And yes, still long PGX.

And yes, still long SYNT.

I think equal weight to the positions, they are up about 4.63 points at the time of this writing.

Not a bad way to start 2017.

We are rocking.

Rocking … and rolling …

Down to the beach we’re strolling … 

How are we finding these trades?
Check out Sharpe Trade’s Short-Term Trading Course !!

12 Comments so far. Feel free to join this conversation.

  1. mappy January 17, 2017 at 2:41 pm - Reply

    Love the opening statement. haha!

    Gold still strong. market weak.

    Ended up getting U2 tickets today. Never seen them live.

  2. mappy January 17, 2017 at 3:21 pm - Reply

    i wonder what happened to mike norman? He sounds horrible. I always liked this guy.

    https://www.youtube.com/watch?v=UW_-2pMKPe8

    Great and fantastic vid!

    • Dan January 19, 2017 at 12:36 pm - Reply

      I know that look. LOL. That’s the look of walking into your office to do a bit of day-trading? And you walk back out 8 days later … LOL …

      • mappy January 19, 2017 at 1:25 pm - Reply

        uh, that would be insane, but I’m sure people do it. makes no sense. I was wrong on uwt. Just early. It dropped to the low of yesterday of 23.35.

        • Dan January 20, 2017 at 7:51 am - Reply

          I can only do it for limited stretches. It can be pretty draining, but the attraction, when one is focused … is $$$

          • mappy January 20, 2017 at 9:50 am -

            Well, if your on a roll, your on a roll. I could see doing that back int he financial crises, but after awhile it takes it toll.

          • Dan January 20, 2017 at 10:53 am -

            Oh absolutely. 🙂 In low volatility environments, it will absolutely destroy you. Higher volatility is much better for those sort of stretches …

            D

  3. mappy January 18, 2017 at 9:22 am - Reply

    Oil to test 50.80 and 50 wti

    gold in tight range. 1211 low, 1217 high

  4. mappy January 18, 2017 at 11:50 am - Reply

    oops.. missed a level. $51.40

  5. mappy January 18, 2017 at 1:24 pm - Reply

    Whiplash! I hope everyone is having fun trading today.

  6. mappy January 18, 2017 at 1:29 pm - Reply

    Target or TGT is at a major two year level as I write this…….. $66.82.

  7. mappy January 19, 2017 at 11:13 am - Reply

    would buy uwt here at 23.70. going back to high of day 24.30 by the end of day.

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