Swing trading Mr.Market's latest Top Five Picks

[spikefader]

UPDATE on positions:

System anticipating 2 more 15% wins soon, with 1 break even if we're lucky, 1 small 3% loss, and IIC disaster will be happy to get out with -11% if she strengthens. But as a system, it is still shining and it's hard not to feel a sense of pride when those positive targets get hit

More detail:

IIG long at 18.14: getting a hammering. Retargeting lower, based on lower 50% retrace. New target is 16.10, which will be a loss of about 11 percent on the position. The first IIG position you will recall made 15% very quickly.

NGPS long at 33.49. After some funny poetry by noshadylady NGPS perked up and showed it's first real bullish pattern for the year - a big fat bull flag late in the day today. We'll be happy to take break even

CWTR long at 28.18 target 32.05; triangle breakout today that looks set to take the position to it's 15% target!

ARLP long 70.02 target 80.79: triangle breakout has it shooting for the sky toward its 15%.

FRD long 12.50, retargetted to -2.96% no is showing promise, but we won't profit from it.

[spikefader]

Another system result today!

ARLP hit its 15.4% profit target of 80.79 this morning

Total system profit 93.6% in 12 trades.
Average is 7.8% per trade.
Mr. Market's Top 5s are huge!!!!!


Thread summary - all trades.
Current open trades:
NGPS at 33.49 retarget 33.85
CWTR at 28.18 target 32.05
FRD long 12.50, targeting 12.13
IIG Long 18.14, retarget 16.10 (the system's worst performer to date)

All previous trades (closed):
ARLP Long 63.74 out 73.05 for +14.6% profit
CWTR Long 24.62 out 25.53 for +3.7% profit
CME Long 197.40 out 198.05 for +0.3% profit
MPX at 25.90 target 26.60 +2.7%
MCRI at 35.30 retarget 34.16 -3.2%
IIG +15%
CMN +15%
BSTE at 57.28 retarget 62.78 + 9.6%
CME at 210.60 retarget 210.81 +.1%
ACRG at 3.06 retarget 3.50 +14.4%
ACRG at 3.30 target 3.50 +6%
ARLP long 70.02 target 80.79 +15.4%

___________________________________

[RL]

Fantastic Great Work Spike

[noshadyldy]

omni

If omni clear 2- 2.05, it could be a run away.
MACD turning up nice, OBV looking better, barchart direction turning.
JMO though.
spike?

[New-born baby]

Congrats to you!

Spike,

What a beautiful system you and the Huge One have going here! MM, when's the next pick?

[spikefader]

If omni clear 2- 2.05, it could be a run away.
MACD turning up nice, OBV looking better, barchart direction turning.
JMO though.
spike?

OMNI weekly looks omin - ous! I'd not trade that one due to the weekly bearish channel break in Jan this year.

[noshadyldy]

Omni

oops! posted on the other spike thread. so here's a synopsis.

RATS RATS RATS RATS!!!!!!! It went up 33% today with me out running errands!
It may be a crappy stock but I still think it's gonna float when the tide rises.

[spikefader]

YET ANOTHER system result today!

CWTR long from here (8 weeks ago) hit its 15% profit target of 32.51 this morning

Total system profit 109% in 13 trades.
Average is 8.38% per trade.

******************************************
Thread summary - all trades.
Current open trades:
NGPS at 33.49 retarget 33.85
FRD long 12.50, targeting 12.13
IIG Long 18.14, retarget 16.10 (the system's worst performer to date)
All previous trades (closed):
ARLP Long 63.74 out 73.05 for +14.6% profit
CWTR Long 24.62 out 25.53 for +3.7% profit
CME Long 197.40 out 198.05 for +0.3% profit
MPX at 25.90 target 26.60 +2.7%
MCRI at 35.30 retarget 34.16 -3.2%
IIG +15%
CMN +15%
BSTE at 57.28 retarget 62.78 + 9.6%
CME at 210.60 retarget 210.81 +.1%
ACRG at 3.06 retarget 3.50 +14.4%
ACRG at 3.30 target 3.50 +6%
ARLP long 70.02 target 80.79 +15.4%
CWTR at 28.18 target 32.51 +15.4%
___________________________________

[billyjoe]

Spike,

This is a great thread. Thanks for your work. In the case of IIG I believe it will prove to be an Enron or World Com situation on a much smaller scale. Therefor, it shouldn't be used in compiling the returns in the swing trading portfolio. It also appears in one of my screens, but will be thrown out in compiling my data on gains after earnings announcements. This is just my opinion, time will tell . The truth will come out.

billyjoe

[dmk112]

Spike, did you long FRD at 12.50 and your target is 12.13? did you mean to say short?

[spikefader]

Spike,
This is a great thread. Thanks for your work. In the case of IIG I believe it will prove to be an Enron or World Com situation on a much smaller scale. Therefor, it shouldn't be used in compiling the returns in the swing trading portfolio. It also appears in one of my screens, but will be thrown out in compiling my data on gains after earnings announcements. This is just my opinion, time will tell . The truth will come out.

billyjoe

Thanks for the feedback, Billyjoe! And the info on IIG. That's a worry.

[spikefader]

Spike, did you long FRD at 12.50 and your target is 12.13? did you mean to say short?

No, I meant long. It just dropped to another 50% retracement zone and forced me to retarget. In FRD's case, and IIG's, their respective retargets are now going to be losses. But that's OK, because the system has had so many winners!

[New-born baby]

Great work and NGPS

Spike,

Great thread! And I am hopeful for NGPS that tomorrow she shows some real life. Volume has been very, very low of late. Earnings out, and maybe she'll start climbing for you.

[dmk112]

Oh ok I see! Well great track record anyway... What's the next pick?

[spikefader]

Oh ok I see! Well great track record anyway... What's the next pick?

Thanks.

When's next pick? Well now that you mention it ..............

ARLP gives another 50% fib retrace entry today at 73.37. Target is 84.38. Bargain hunters can snatch it up at a lower price right here at 72.38, which is what I'm doing.

Go the FIBS!