Jeff White - TheStockBandit.com

Bandit Broadcast for 1-10-2010

January 10, 2010 By Jeff White Filed Under: Videos

Good evening StockBandits!

The NAZ held up nicely for most of the day on Friday, outperforming the other indexes until the final hour arrived and they went positive as well. The S&P 500 was able to go 5-for-5 on the week, creeping higher each day after the initial jump start. For the overall market, the momentum was very muted beyond the opening minutes of the week, and for the most part it seemed as though the bulls were most interested in protecting those early gains rather than building aggressively on it. All in all, Friday was a fitting end to a rather lackluster week, with Monday’s big gap being the exception.

This next week we’ll see if the buyers can step up their efforts, but many individual names have become short-term extended after the past 3 weeks of upside. That places added importance on not forcing new trades, as I don’t want to chase stocks higher. Uptrends are still in place across the board though, and therefore I also have no interest in aggressively fading this rally until there are technical reasons in place to do so. As of yet, that isn’t the case.

Please leave your comments and/or questions below if you have any, I always enjoy the interaction.

Here is tonight’s video:

broadcast-preview
The Bandit Broadcast Video – Click to Watch!

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Video Stocks Discussed: CERN, YGE, FLIR, NTRI, PCU, STEC, MTL, EOG, PFCB, HOC

Swing Trading Candidates:

HOC turned solidly higher last week on strong volume, and has since rested for a few sessions. This bull pennant looks poised for higher prices if this one can clear the upper trend line at $29.20. I’ll be a buyer if that occurs.

Chart courtesy of StockFinder

Bullish Watch:

PCU, CNX, STT, APH, MHP, CERN, HOC, CAAS, CSIQ, YGE, STEC, FLIR, SYNA, XOP, SAH, MTL, CHK, EOG, APC

Bearish Watch:

NTRI, PBR, PFCB, EXC, TRV

The Hit List will be coming out soon with discussion on open positions and swing trade stops and targets, so be sure to watch for it.

Trade Like A Bandit!

Jeff

Trading Lesson 1-8-2010

January 8, 2010 By Jeff White Filed Under: Trading Lessons

Trading Lessons are a feature here in The Bandit Hideout where we take a look back at a trade and see what we can learn from it. It might have been a winner which paid us nicely, and we’ll want to know what it was about that play that worked so well for us. Or it might be a trade which performed poorly for us, thereby offering us another valuable lesson which we might can apply going forward in hopes of avoiding a repeat mistake.

Whatever it is, the aim is to use the old ‘hindsight is 20/20’ adage to our advantage. We can learn a lot from the past! There’s no reason to ignore it when it can help us improve as traders.

Trading Lesson for 1-8-2010:

This week, I took a swing trade in LEAP. It had finished 2009 acting well, and was coiling just beneath a trend line. The expectation was that a push north of the trend line would free up the stock to begin another leg higher, and with a logical stop loss not far away, I liked the risk/reward profile for the trade. And although the move it was of the pop-and-drop variety, it still netted a 4.5% gain.

I’m going to take you through this one in video format, so I hope you enjoy it. If you have questions or comments or anything to add regarding this play, please feel free to share it down below!

Trading Lesson Video – Click to Watch!

Remember, watch for volume to confirm any major behavioral shifts you’re seeing in price. When that doesn’t happen, it’s probably a clue to tighten things up a bit just in case.

Trade Like A Bandit this week!

Jeff

Hit List 1-7-2010

January 7, 2010 By Jeff White Filed Under: Hit List

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

FMCN & INFA stopped, STT & PBR added

Open Position Notes:

No open positions – currently 100% cash.

Closed Positions:

FMCN ran quickly higher on Monday and Tuesday, pushing through Target 1 to offer a nice chunk of partial profits on the first half of my position. Yesterday’s price action indicated some short-term fatigue however, as the stock made a new high and finished negative on the session with increased volume. My raised stop for remaining shares was triggered today as this one moved back down through $17, taking me out for a solid net gain of 6.1% on this trade. Fast money is my favorite kind, and this one offered that. I’ll keep it on the watch list in case it sets up again.

INFA cleared its trend line in timid fashion on Tuesday with price finishing off the session highs and volume lackluster. I tightened my stop in order to reduce risk just in case the stock became weak, and today that raised stop was hit. I’m now out of this trade for a very small 1.3% loss, and will wait for better price action before considering another entry in this one. Sluggish breakouts are a sign of fatigue, so naturally I’m impatient with them.

Bandit Broadcast for 1-7-2010

January 7, 2010 By Jeff White Filed Under: Videos

Good evening StockBandits!

A relatively flat open this morning was soon followed by some modest selling as cash was raised and yesterday’s lows were undercut. The weakness didn’t stick however, and a v-shaped bounce took the indexes back up to their opening levels by mid-morning. That proved to be the most exciting portion of the day, as stocks remained relatively flat and quiet once again for the remainder of the day. The S&P 500 and DJIA were able to tack on some minor gains, but all in all it was another uneventful day.

I was checked out of my swing trades today to return to cash tonight. That wasn’t by design, but it’s fine with me given that tomorrow’s jobs report ahead of the bell could deliver a gap in either direction. It seems as though traders have been taking the wait and see approach since the gap higher on Monday morning, so hopefully we’ll see some better price action tomorrow than we’ve had the past few sessions. It’s been a profitable week of trading though, which is nice for the lack of movement out there.

Please leave your comments and/or questions below if you have any, I always enjoy the interaction.