3 Wins today, all on the same stock. Crazy! Believe it or not, I only had two stocks make it through my main trade-ideas filter today. They were Aluminum Corp. of China Limited (NYSE: ACH) and Onyx Pharmaceuticals, Inc. (Nasdaq: ONXX). My data feed for ACH was full of bad ticks in the morning, so I crossed it off the list. That left me pretty much looking at ONXX and a handful of other stocks which weren’t impressing me much. But, I managed to make 3 scalps on ONXX for 3 wins, at 36.00, 37.00, and 38.00 as it chopped its way northward.
Some other odds and ends:
- Over the weekend, I opened up the full RSS feed for the site, and I think I adapted my anti-hotlinking measures to let the images through. If you are seeing spam warnings instead of the real images, then let me know. This was the #1 request I get from people, so I think I just made several folks happy. I’m going to locate a plugin for wordpress as soon as I get over my laziness that will put an anti-splog warning in the RSS. I suppose that’s good enough. They steal my content whether I protect it or not, so…
- I tried to pull the data for my weekly scan yesterday, but eoddata.com was giving me download errors. I’ll try again tonight, but in the worst case the 1-week old list should still be more than adequate.
- Be careful out there, as we head into Labor Day weekend…
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| ACH |  |  |  |
| ONXX | | | |
August 27th, 2007 at 2:25 pm
just noticed you use pre-market data when looking at your fib. levels… interesting. Have you always done that?
August 27th, 2007 at 3:00 pm
For most of this year I have kept the premarket data up, because the high and low of the premarket are often points of reversal. Today was a pretty striking example, because it bounced off both premarket extremes right at the open. For fib levels, I’m still playing around with just about any move that seems to have a healthy retracement, so I’ve drawn lines against the premarket move a couple times.
It’s really too bad the volume was dropping when I wanted in the first time, because that may have given me enough room to hold through that chop above 36. Entering at 36 the first time, I wanted out again quickly. oh well!