Looking back at the hot stocks

When will ERS, TIE, HANS, ISRG and NTRI stop going up. During the summer, when the bears come for lunch and the hedgies pull their money out of the speculative stocks and into oil and big caps, that's when. What's happening now? Oil money's going to tech, and metal stocks are flat-lining. The next week should tell us where things are headed for sure. Q's are getting ready to break 39, and then we are going to rip to the upside. I would be long SMH and short XLE even though we have hurricane threats.

My video lesson for the week

Here is a video of a bear flag setup I recorded:

Time to learn

Starting tommorow I'm going to record my charts that I'm watching and also my TWS quotes where I place trades while recording. I'm going to give a reason for the trade entry with a profit target and a stop loss. I will be trading futures, oil sector, and volatile stocks. This is so that I can go back and review my trades in real time and figure out what I'm doing right and wrong.

Strategies on Oil stocks

When the oil numbers come out, you want to be on the same side of XLE or similiar sector stocks 30min later. Some good volatile stocks this works on is DVN and APC. The last couple of times the numbers came out we chopped around for 30min, and then broke out and trended up all day. So keep a note when the numbers are due. You want to be on the same side of the trade 30min after the announcement for a high probability of good trending action.