Tuesday, July 29, 2008

5% Intraday Breakout in BAC


At 3:15pm volume surged into BAC and sent it flying 5% higher. Easy long setup.

Monday, July 21, 2008

BAC Short


The past four days in Bank of America (BAC) have been explosive. Last Tuesday it closed at $18.44. Today it opened at $30.31. That's a 64% pop in 4 trading days.

The chart shows a descending triangle breakdown that occured intraday. Good short setup for a day trade.

Intraday Breakout in FLR


Nice and easy day trade setup in FLR.

Tuesday, July 1, 2008

Lehman Brothers Beatdown

Heavy volume to the downside started pouring in around 1:30 today. Great time to get short.