Bought Tata Motors (TTM) at $15.73

Bought Tata Motors (TTM) at $15.73. From the chart it looks like it wants to go higher. Besides the BSE Sensex has had a few down days recently, and is due for a rebound.

Sold KIRK at $18.20, LSCC at $2.82

Sold KIRK since it went up today on very low volume. Sold both of these stocks for a quick 6-8% gain.

Bought Kirkland Inc. (KIRK) again at $16.85 for a swing trade

In the last 2 days, KIRK was shorted on low volume and today it came back in the 16.7 level and then started moving up again. I picked up a few shares for a swing trade.

Sold GU at $1.32, STP at $17.10 and OI at $32.40

All 3 stocks hits stops today with the market crashing. Took a profit in OI but it was nullified by the losses in GU and STP.

Bought Gushan Env (GU) at $1.39, E-Trade (ETFC) at 1.63, and Suntech Power (STP) at $17.84

GU looks like breaking out of the trendline.


ETFC has been consolidating in a narrow range and is looking for a breakout or a breakdown.


STP broke out before I bought it. However the current setup seems like it wants to move higher.

Watchlist for Tuesday 12/15

Below is my watchlist based on chart analysis...

GGB $17.38 GU $1.38 HW $5.18 TTM $15.41

Sold Kirkland (KIRK) at $18.92

Sold it for a quick 17% profit in 3 days.

Bought Kirkland's Inc. (KIRK) at $16.15

Bought KIRK since it went up on 11/20 with nice volume and then consolidating near the upper limit on lower volume. Looks like this wants to go higher.

Bought Lattice Semiconductor (LSCC) at $2.65

Chart looks bullish, rising 8 and 20 day MA, and made a fresh new high.

Bought Knight Capital Group (NITE) at $14.93

Based on the bullish reversal from the candlestick charting, I decided to go ahead with the trade.

Candlestick based watchlist as of 12/4

Below is the list as of 12/4/09.

Bullish Harami Cross PGR $16.89 Bullish Harami NITE $14.81 Bearish Engulfing HUM $40.31 IVZ $21.63 LNCR $35.24 MR $30.51 NTRS $48.69 TC $11.63 Three Black Crows AAV $5.61 BEE $1.68 CLWR $5.95 MPEL $4.27

Bought Owens-Illinois (OI) at $30.47

Bought it based on the bullish pattern reversal as indicated by the candlestick charting methods. Also AOL, S&P and other research has positive outlook on the stock.

Candlestick Patterns

Trying to study candlestick charting techniques, below is the list based on candlestick charts. I'll check back in a few days to see how these perform.

Bullish Harami DRAM $3.70 OI $30.50 IRM $23.77 OCN $9.25 IMMU $3.41 Bearish Engulfing ENR $59.92 HIG $24.23 KRE $20.78 MTB $62.83 NRG $24.11 TCO $35.84 MDRX $19.50 WYNN $65.37 XCO $17.27 ZION $12.59 Shooting Star WR $21.25

XLF pivot levels and trade strategy

XLF now has resistance around its 6-month high at $14.60 and support at around $13.65. I will be playing UYG or FAS based on these levels. If XLF breaks above $14.60 I'll buy UYG and vice versa.

Bought Citi (C) at $4.08

Citi (C) is starting to look interesting now, forming a double bottom, and then forming higher lows and higher highs. It went up on big volume on 08/05 and 08/07 and is consolidating in a narrow range since then. I went in today at around 4.08. Next resistance is around 4.45 area.