ENTG LOOKS GOOD

I have been watching a few more stocks. ENTG just broke out of a cup and handle so I would buy in on this one. It will meet resistance around $11.79 as that was a previous high around 6 months ago.








Another low priced stock that appears to be etching the right side of a cup and handle is TSCM. The stock may rest near this area of $12 to $13 for a few days and putting in a buy limit order of $11.58 will probably allow one to pick up some shares. What you can also do is buy a few shares now and if the stock retreats to $11.58 buy more shares. If the stock rises, you already have a position and could add more shares after it passes the resistance point of $13.28.



TRAD is still sitting around the buy point. I don't know where this one will go in the next few days. Bank of America came out with a plan to allow free stock trades for customers with $25K or more in their account. Since TRAD (Tradestation) focuses on traders in the higher income bracket, this may present some competition. Personally, I don't see it that way since people who use Tradestation are much more sophisticated in trading than someone who uses a bank to trade stocks.

If ADM breaks down below it's 200 day moving average (MA), this would be one to avoid. For now, it is holding at the 200 day MA. I do not hold any shares as I see better opportunities in rising stocks.

ANDE is picking up a little more steam again, but not a lot of trading volume has gone into the stock lately. We'll have to see how this one works out, too. I do not have a position (i.e. hold shares)

HSR had a huge reversal the past two days. I bought in a $8.90 and took a few off the board at $12. Glad I did, but I still do hold positions in the stock. HSR is a perfect candidate to explain a trailing stop so here is a link to how to pull it off.
http://www.optionsxpress.com/educate/xguides/trailing.aspx
http://www.investopedia.com/articles/trading/03/080603.asp

WCC is doing very well and it is meeting its resistance around $70 as I mentioned before.
LTM is floating around the original buy point, but this is going to be a new support area after the stock climbs past $48.
DEIX has bounced of its 50 day moving average and hopefully head higher. I added more shares at $14.20.
ICE has also had a little bit of selling off just like TRAD due to the same reasons. I sold some covered calls with this one that expire next Friday. I put my strike price at $80 since my purchase price was $75.4140 for 500 shares. In fact, here is my report from my Scottrade account.

INTERCONTINENTAL EXCHANGE (ICE)
SHARES:500
COST/SHARE: 75.4140
TOTAL COST: 37,707.00
CLOSING PRICE: 87.80
CLOSING MKT. VALUE: 43,900.00
SHORT TERM GAIN/LOSS: 6,193.00
% CHANGE: 16.42

Here's the covered call
CALL-INTERCONTINENTALEX OCT (ICEJP)
SHARES: 500
COST/SHARE: 5.4733
TOTAL COST: 2,736.66
CLOSING PRICE: 4.40
CLOSING MKT. VALUE: 2,200.00
SHORT TERM GAIN/LOSS: 536.66
% CHANGE: 19.6%

PACR is has continued it run up and is now 12% past my buy point of $28.79.

Good luck trading. JD