{+++}
Net on the day, it was a mixed session, with the Dow up slightly by just 3.32 to 9509.28, about 80 points off the high. The S&P 500 was down 0.56 to 1025.57, 10 points off its high, and the Nasdaq 100 was down 3 even at 1634.78, 14 points off its high.
Advance-declines were slightly positive by just 70 issues on New York and negative by 220 issues on Nasdaq. Up/down volume was 6 to 5 positive on New York on total volume of about 1 1/4 billion. Nasdaq traded just over 2 billion shares and had an 11 to 9 negative volume ratio.
This was s great trading day so I hopre you grabbed some trades, if you get a nice pop sel half so you can lock some in. Here is a potential short set up that looks decent.
For you BCRX holders it was a great day and the stock could measure to 14 and 16 if you have a little longer time frame, maybe a couple of weeks, I raised the stop so please make note of it.
I’ve put in some potential trade gains assuming you got out near the top, I never try to cap your capital gain potential so stay on your toes and grab gains when you can.
See you guys in the morning.
WATCHLIST FOR AUGUST 25
LONGS THAT HAVEN’T TRIGGERED YET:
OREX-OVER 8.90 THEN 9.47
EXEL- 6 or 6.10 STOP 5.70
AIG 35 STOP 34.25
QCOM 47.60
LONGS (THAT HAVE TRIGGERED):
STEC 36.56 STOP 35.80 ( could have had +1.75 if u traded it)
BCRX 10.40 STOP 11 ( put out a late tweet to maybe sell half for +2pts)
AMP-29.92 29.25
COG 38 STOP 37.40
CTSH- 35 STOP 34
FCX 66.20 stop 65 ( +1.20 if u traded it)
RIG 78 stop 77.25 (+1.30 if u traded it)
CROX-6.87 STOP 6.60 (+.50 if u traded it)
ADCT-9.10 STOP 9
QSFT- 16.25 stop 16
ACAD- 5.25 stop 5.20, (nice breakout today)
SHORTS THAT TRIGGERED:
AMGN- 59.70 STOP 61.50
AMG 61.60