ShadowTrader Swing Trader rss
You are viewing an individual post. To see more from ShadowTrader Swing Trader, click here .
ShadowTraderPro Swing Trader 02.17.12 $USO $SPY #trading #stocks
Swing Trader


You can get real-time alerts to your phone for this advisory by texting "follow st_swing" (without the quote marks) to 40404 on your cellphone. No twitter account is necessary.

To stop receiving alerts, simply text "off st_swing" (no quotes) to 40404

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. On the day of options expiry, ShadowTrader likes to stay on the sidelines while large players unwind and adjust complex positions which sometimes have a misleading effect on stocks.

Let's take this opportunity to check in with the possible long opportunity developing in crude oil (USO).

Please observe the chart below.

The magenta lines on the chart above outline the sideways price action of USO over the past three months. As the etf approaches resistance off the recent higher low, we are monitoring it and crude oil futures (/CL) for signs of a higher probability breakout to the upside. Stay tuned.

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 Average12904.08 123.13 0.96%
S&P 500 Index1358.04 14.81 1.10%
Nasdaq Composite2959.85 44.02 1.51%
Nasdaq 1002592.29 36.28 1.42%
Russell 2000829.96 15.98 1.96%
Spot Gold1728.80 0.70 0.04%
Crude Oil102.47 0.67 0.66%
NYSE Overall Volume8,056,080Kn/a-0.09%
Nasdaq Overall Volume1,921,204Kn/a-4.67%
NYSE Breadth6.02 : 1positive
Nasdaq Breadth5.32 : 1positive
NYSE Breadth Ratio85.76
Nasdaq Breadth Ratio84.19
NYSE Advancers/Decliners1543
Nasdaq Advancers/Decliners1343
NYSE Trin0.57
Nasdaq Trin0.61
$VIX19.22-1.92
Market Profile and Pivot Points for ES and NQ for Friday  
How to put value areas and breadth bubbles on your charts - click here
ES
NQ
Value Area High 1356.75 2594.00
Point of Control 1355.00 2592.75
Value Area Low 1345.50 2560.75
R3 1380.582651.42
R2 1368.922622.83
R1 1361.832608.17
Pivot 1350.172579.58
S1 1343.082564.92
S2 1331.422536.33
S3 1324.332521.67

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.


$DJUSHB was the only ShadowTrader Sector to close lower yesterday. For now, there is little to draw from recent sector price action that will aid in a near term broad market directional forecast. As the case has been all week, the broad market can move at least two days in either direction before reaching overbought or oversold conditions.

Heads Up

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


Today - 02/17/2012

08:30 am EST - CPI and Core CPI
10:00 am EST - Leading Indicators
Reporting earnings today: ABB, AGP, CPB, DLR, EOG, HMSY, HNZ, TOT, VTR


Monday - 02/20/2012

U.S. Holiday, Prsidents Day - Bond and Equity Markets Closed
No economic data scheduled for release
Reporting earnings today: COG, CROX, CTRP, MRX, NU, SHLD, SUG


Tuesday - 02/21/2012

No economic data scheduled for release
Reporting earnings today: ACTG, CAKE, CHK, CYH, EXPD, EXR, GPC, HD, HLF, INTU, KFT, M, MDT, MHS, MYL, NBR, NFX, ROC, RRC, WLT, WMT



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
None

Short Ideas

 Symbol Trigger Price Stop Price Notes
None

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 02/13/12 - 02/17/12
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
None
CLOSED POSITIONS - week of 02/13/12 - 02/17/12
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
LMTshort 15002/0387.5002/1387.9583.0090.50closed n/a(0.45)($68)$13,125
  Exited trade as stock showed no signs of following through lower
SCCOlong 42502/1432.6602/1431.9137.2731.50closed n/a(0.75)($319)$13,881
  Cut trade on follow through below ascending trendline
TOTALS: 0 open shares (open capital committed doesn't include closed trades) $0.00

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 | 2/16/2012 10:17:37 PM | 0 Comments