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ShadowTraderPro Swing Trader 02.08.12 $VMED $SPY #stocks #trading
Swing Trader


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The ShadowTraderPro Swing Trader is your every morning dose of market reality brought to you from the resident geniuses at ShadowTrader. Each issue contains a full report on the prior day's action, including market internals, technicals, and what sectors were hot and cold. Each issue also includes the ShadowTraderPro Model Portfolio, which updates members on what stock plays STPro is currently engaged in officially, as well as provide a daily list of long and short setups for more self-directed traders and investors.

To get the most out of your subscription, please read our Swing Trader User's Guide

If you have any questions or comments regarding commentary or plays in this newsletter, please email to swingtrader@shadowtrader.net.

Looking Ahead

Good morning traders. One of our main swing trading rules is to never carry a position through an earnings announcement. However, we are not opposed to entering a trade that breaks out as a result of a positive earnings report. Virgin Media, Inc. (VMED) has formed a bullish consolidation pattern and will release earnings before the bell this morning.

Please observe the price below.

A positive reception to earnings by the market this morning will most likely push VMED out of consolidation. Our alert is placed at 24.65, but there is a chance the stock will gap higher on good news. If so, use some caution and observe the 5 and 15 minute charts to gauge the strength of follow through or lack thereof.

This brings up a perfect reason to check out Peter's video in the education section at www.shadowtrader.net on How To Trade Opening Gaps. Commentary on gap plays begins at the 4:57 mark of the video.

Under The Hood

When we say "under the hood" we mean market internals, ie: what was really happening behind the scenes. ShadowTraders who listen to our daily broadcast every day live on the thinkorswim platform know that all closing figures on the major averages should only be interpreted in the context of market internals. Look for convergences and divergences in the breadth, a/d line, and trin figures below to either confirm or cast doubt on what all those talking heads on TV are telling you.

Dow Jones Industrial Average12878.20 33.07 0.26%
S&P 500 Index1347.05 2.72 0.20%
Nasdaq Composite2904.08 2.09 0.07%
Nasdaq 1002532.06 3.76 0.15%
Russell 2000827.37-1.00-0.12%
Spot Gold1745.13 25.23 1.47%
Crude Oil98.75 1.84 1.90%
NYSE Overall Volume7,283,250Kn/a 6.05%
Nasdaq Overall Volume1,772,942Kn/a 5.99%
NYSE Breadth1.1 : 1positive
Nasdaq Breadth1.22 : 1positive
NYSE Breadth Ratio52.48
Nasdaq Breadth Ratio54.89
NYSE Advancers/Decliners390
Nasdaq Advancers/Decliners-135
NYSE Trin1.18
Nasdaq Trin0.74
$VIX17.65-0.11
Market Profile and Pivot Points for ES and NQ for Wednesday  
How to put value areas and breadth bubbles on your charts - click here
ES
NQ
Value Area High 1345.25 2534.00
Point of Control 1342.50 2530.00
Value Area Low 1337.50 2520.50
R3 1363.752561.75
R2 1354.752548.25
R1 1349.752538.75
Pivot 1340.752525.25
S1 1335.752515.75
S2 1326.752502.25
S3 1321.752492.75

Pivot points provided by Prodigio RTS. For more information contact: prodigio@thinkorswim.com

ShadowTrader Sector Trend Scores

The ShadowTrader Sector Trend Score matrix is a proprietary method of assigning values to twenty five sectors that are a representative cross-section of the market as a whole. The heat map in the trend score column defines the current strength or weakness of that sector using a proprietary weighting formula. Sectors bolded in green and red are the two sectors that experienced the largest absolute gain and loss in trend score over the prior day. We strongly urge subscribers to read the full explanation of the meaning and calculation of the trend scores in the Swing Trader User's Guide.


ShadowTrader Sector breadth ended mixed yesterday with 13 sectors closing higher and 12 ending lower. The broad market, as a whole, has taken a rest over the past two days and brought itself out of an overextended condition. This has occurred in spite of XOI and XTC putting in a sixth consecutive higher close and XNG making its fifth higher close yesterday.

Heads Up

Up and coming economic and corporate data that may move markets this week:


Today - 02/08/2012

10:30 am EST - EIA Petroleum Status Report
Reporting earnings today: AGU, AIV, AKAM, ALR, BGC, BJRI, CINF, CSC, CSCO, CTSH, CVH, CVS, CXW, EFX, GIL, GRP, ICE, IR, LVLT, MCO, ORLY, PAA, PRU, RAI, RL, SCSS, TCO, THOR, TIN, TRIP, TWX, V, VMED, WFM, WYN


Thursday- 02/09/2012

07:00 am EST - BOE Announcement
07:45 am EST - ECB Announcement
08:30 am EST - Jobless Claims
10:00 am EST - Wholesale Trade
10:30 am EST - EIA Natural Gas Report
Reporting earnings today: ALXN, AMX, BCE, BG, CCE, CCJ, CLI, DNKN, EXPE, GDI, LNKD, LO , NBL, NUAN, NXPI, OFC, PEP, PL, PM, RSG, SEE, SI, SNI, SPR, TCK , TDC, TRI , XL


Friday - 02/10/2011

08:30 am EST - International Trade
09:55 am EST - Consumer Sentiment
12:30 pm EST - Ben Bernanke Speaks
02:00 pm EST - Treasury Budget
Reporting earnings today: FLIR, LH, LYB, MT, NYX, PPL



Bulls and Bears

This section is for self-directed traders and investors who like to "do it themselves". Every trading day, Bulls and Bears will list long and short equity setups with defined entries and stops. Note: A listing in this section does NOT necessarily mean that the stock will end up as a part of the ShadowTraderPro Model Portfolio. Plays listed here change daily and are not managed or tracked by ShadowTrader unless traded via MyTrade posting.

Long Ideas

 Symbol Trigger Price Stop Price Notes
CRR 91.00-90.00 83.60 Relisted - Please see the ShadowTrader Weekend Update
VMED 24.65 23.00 Stock setting up for possible consolidation breakout

Short Ideas

 Symbol Trigger Price Stop Price Notes
CF 192.00-193.00 199.75 Relisted - Looking for reversal off 6 month highs
EMN 55.21-55.51 57.04 Relisted - Please see Monday's Looking Ahead section
LMT 87.00-87.50 90.50 Coming into 10 month highs

ShadowTrader Model Portfolio

The matrix below shows all current ShadowTrader Pro plays in the Model Portfolio. The Model Portfolio contains only those plays that are sent out in real-time via posting to MyTrade or text message to your phone. Bulls and Bears plays above are not actively managed or tracked. Current open positions are on top, with positions that were closed in the current calendar week on the bottom. Closed positions are moved out of the matrix on Monday mornings and posted in our performance page here.


To get the most out of your subscription and for detailed instructions on how to structure your own portfolio, read our Swing Trader User's Guide


OPEN POSITIONS - week of 02/06/12 - 02/10/12
sym dir size date
entered
entry
price
date
closed
exit
price
target stop status mark
to
market
p&l
points
p&l
capital
capital
commit
HLFlong 15002/0358.50 n/a n/a 62.0055.45 open 59.210.71$107$8,775
  Breakout from consolidation
CLOSED POSITIONS - week of 02/06/12 - 02/10/12
sym dir size date
entered
entry
price
date
closed
exit
price
target stop status mark
to
market
p&l
points
p&l
capital
capital
commit
DELLshort 60002/0117.4102/0717.9016.5017.90closed n/a(0.49)($294)$10,446
  Exited trade as broad market persisted to the upside
TOTALS: 150 open shares (open capital committed doesn't include closed trades) $8,775

Click here for year to date Model Portfolio Performance - 2012

Click here for Model Portfolio Performance - 2011

Click here for Model Portfolio Performance - 2010

Click here for Model Portfolio Performance - 2009

Click here for Model Portfolio Performance - 2008

All content © 2012 by ShadowTrader Technologies, LLC. All rights reserved.

Disclaimer and Waiver of Claims: The ShadowTraderPro Swing Trader is a newsletter service, designed as supplemental material for the ShadowTraderPro Newsletter subscription service and it is not intended to be a stand alone newsletter. The risk of loss in the trading of any securities products can be substantial. The strategies mentioned here are active trading strategies, therefore you should carefully consider whether such trading is suitable for you in light of your personal investment objectives and financial resources. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell any securities. Past performance of any trades mentioned never guarantees future results.

Securities and options involve risk and are not suitable for all investors. See the characteristics and risks of standardized options.

ShadowTrader Swing Trader | 2/8/2012 12:24:35 AM | 0 Comments