Blog – Page 4

I bought this around 11 AM CST. This was featured in the IBD Stocks on the Move today. They reported earnings this morning and it popped. This was an impulsive trade and really didn't research it. The chart is sloppy and not really confident in this trade

It was a buyable gap up and check out the setup: In The Trading Cockpit with the O'Neil Disciples: Strategies that Made Us 18,000% in the Stock Market

This Day 1 of a 7 Trading Day Time Stop. The IBD Rankings are below the CANSLIM standard

I got filled at $48.86
-5% stop = $46.42
20% Target = $58.63

IBD Rankings 02/14/19
Composite Rating: 73
EPS Rating: 76
RS Rating: 82
Group RS Rating: D-
SMR Rating: A
Acc/Dis Rating: D+
ROE: 23.2%
Debt: 47%
Outstanding Shares: 4496.0m
EPS Due Date: 5/16/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

CSCO 5 Year Monthly from BigCharts 2019-02-14

CSCO 2 Year Weekly from BigCharts 2019-02-14

CSCO 3 Month Daily from BigCharts 2019-02-14

CSCO 3 Month Daily from StockCharts 2019-02-14

2019-03-03

I closed out of this position in order to be all in cash. I had made a couple of bad trades and wanted to take a step back. I will be scaling back in as the opportunities as the pop. I got filled at $51.78

51.78 - 48.86 = 2.92 / 48.86 = 5.9%

CSCO 3 Month Daily from StockCharts 2019-03-01

Boot Barn Holdings Inc – BOOT

Bootbarn.com

2019-02-07

I did not like the way ZScaler was trading and wanted to move out of that. I felt this was a better use for the cash. This was featured in IBD's Stocks on the Move yesterday. This company was featured in IBD last year and I had passed on it for one reason or another. They had posted earnings and had a large positive move.

Today is Day 1 of a 7 Trading Day Time Stop.

I got filled at $47.60
-5% stop = $45.00
20% Target = $57.00

IBD Rankings 02/07/19
Composite Rating: 89
EPS Rating: 87
RS Rating: 87
Group RS Rating: B-
SMR Rating: C
Acc/Dis Rating: B
ROE: 10.9%
Debt: 89%
Outstanding Shares: 28.3m
EPS Due Date: 5/15/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

BOOT 5 Year Monthly from BigCharts 2019-02-07

BOOT 2 Year Weekly from BigCharts 2019-02-07

BOOT 3 Month Daily from BigCharts 2019-02-07

BOOT 3 Month Daily from StockCharts 2019-02-07

2019-02-20

I closed out my position and locked in a gain. This had been rising on light volume and it was still trending higher. I will still be watching this company and may decide to get back in after a dip

I got filled at $28.34

28.34 - 25.32 = 3.02 / 25.32 = 11.9% in 13 days. Not bad

BOOT 3 Month Daily from StockCharts 2019-02-20

Performance Food Group – PFGC

Performance Food Group

Performance Food Group Logo

2019-02-06

This was an impulsive type of trade and this was not on my radar. I had sold Radware and had room for a new position. I had checked IBD stocks on the move and spotted a buyable gap up.

Check out the setup at: In The Trading Cockpit with the O'Neil Disciples: Strategies that Made Us 18,000% in the Stock Market

This Day 1 of a 7 Trading Day Time Stop

I got filled at $37.68
-5% stop = $35.80
20% Target = $45.22

IBD Rankings 02/06/19
Composite Rating: 95
EPS Rating: 87
RS Rating: 90
Group RS Rating: B+
SMR Rating: C
Acc/Dis Rating: A-
ROE: 15.6%
Debt: 104%
Outstanding Shares: 105.2m
EPS Due Date: 2/06/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

PFGC 5 Year Monthly from BigCharts 2019-02-06

PFCG 2 Year Weekly from BigCharts 2019-02-06

PFCG 3 Month Daily from BigCharts 2019-02-06

PFGC 3 Month Daily from StockCharts 2019-02-06

2019-02-14

I closed out the position yesterday, because this had several up days with no pausing. This seemed extended and I wanted to lock in the gains. I was fearful that the one down day would wipe out all of the gains. I got filled at $38.82

38.82 - 37.68 = 1.14 / 37.68 = +3% in 6 Trading Days

PFGC 3 Month Daily from StockCharts 2019-02-14

2019-03-27

I had kept this on a watch list and I bought this morning after the first hour of trading. This has been shaping up and I wanted to enter a position early. Day 1 of a 7 Trading Day Time Stop.

This is an example of my trade setup and it is for educational purposes. This may not be appropriate for your risk tolerance and you should do your own due diligence

I got filled at $39.05
-5% stop = $37.10
20% Target = $46.86

IBD Rankings 03/27/19
Composite Rating: 83
EPS Rating: 89
RS Rating: 88
Group RS Rating: B-
SMR Rating: N/A
Acc/Dis Rating: B
ROE: 0%
Debt: 0%
Outstanding Shares: 105.2m
Float: 101.0m
EPS Due Date: 5/7/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

PFGC 5 Year Monthly from BigCharts 2019-03-27

PFGC 2 Year Weekly from BigCharts 2019-03-27

PFGC 3 Month Daily from BigCharts 2019-03-27

FNKO 3 Month Daily from StockCharts 2019-03-15

Zscaler Inc – ZS

Zscaler

ZScaler

2019-02-03

This company is cloud based security hub and they had an IPO last March. This trade idea came from Investor's Business Daily Vol 35 No 42 Week of January 21, 2019. It was featured in the New America and I put it on a watch list

I saw the market action on Thursday 01/31 and I decided to buy just before 9 AM CST. I actually got a good fill. Friday is Day 1 of a 7 Day Time Stop

I got filled at $47.60
-5% stop = $45.00
20% Target = $57.00

IBD Rankings 02/03/19
Composite Rating: 94
EPS Rating: 53
RS Rating: 97
Group RS Rating: A+
SMR Rating: D
Acc/Dis Rating: C+
ROE: 0%
Debt: 0%
Outstanding Shares: 122.1m
EPS Due Date: 2/26/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

ZS 5 Year Monthly from BigCharts 2019-02-03

ZS 2 Year Weekly from BigCharts 2019-02-03

ZS 3 Month Daily from BigCharts 2019-02-03

ZS 3 Month Daily from StockCharts 2019-02-03

2019-02-07

I closed out the position, because I didn't like the way it was trading. I took another look at the chart and believe this will drop and the momentum is going the other way. I closed out at Day 5 of the Time Stop. I'm not comfortable in shorting this and wanted to walk away to use the cash for something new

I got filled at $47.38

47.60 - 47.38 = 22 / 47.38 = -.4%

ZS 3 Month Daily from StockCharts 2019-02-07

Radware Limited – RDWR

Radware

radware.com

2019-01-27

This trade idea came to me a few weeks ago when I was reviewing the IBD Stocks on the Move. It appeared there on last year 2018-12-26. There was a spike in volume and I added it to my watch list. This is a cloud based security service

I had closed out Denny's and had cash available. The MACD has crossed the zero line, the 10 day EMA is crossing the 50 day EMA, and the MACDH is positive. The timing of this seemed about right and I bought Friday 2019-01-25.

This had a gap up, but it was on light volume and was hoping for more conviction. Friday was Day 1 of a 7 Day time stop. I limit my trades by 7 trading days, because if a stock is not acting correctly (being positive) buy this time then my capital can be put to better use elsewhere

I got filled at $23.67
-5% stop = $22.50
20% Target = $28.00

IBD Rankings 12/16/18
Composite Rating: 99
EPS Rating: 84
RS Rating: 94
Group RS Rating: A
SMR Rating: B
Acc/Dis Rating: A-
ROE: 5.7%
Debt: 82%
Outstanding Shares: 212.8m
EPS Due Date: 2/20/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

RDWR 5 Year Monthly from BigCharts 2019-01-27

RDWR 2 Year Weekly from BigCharts 2019-01-27

RDWR 3 Month Daily from BigCharts 2019-01-27

RDWR 3 Month Daily from StockCharts 2019-01-27

2019-02-05

I sold today, because I did not want to hold during earnings and it was Day 7 for my time stop.

This has had a good run up and feel that it would have to have great earnings in order to maintain this pace of advance. It was progressing on light volume and was not comfortable holding. This will still be on my watch list for awhile.

I got filled at $24.72

24.72 - 23.67 = 1.05 /23.67 = 4.4% 8 days

That's not bad. A trade can easily cut against you. I'll take the profit

RDWR 3 Month Daily from StockCharts 2019-02-05

Docusign Inc – DOCU

docusign.com/

2019-01-14

This came to my attention when I was looking at the IBD Stocks on the Move. I had some room in my portfolio as part of my Risk Management. I saw this coming out of a base on strong volume. I opened a position the next morning

I bought on 2019-01-11 and I am currently at Day 2 for a 7 Trading Day Time Stop. The stock has sold off some, but the volume dried up

I did a quick check on the IBD Rankings. These are a little less than the classic CANSLIM method, but based on my reading of the market I was willing to risk the trade.

IBD Rankings 01/14/19
Composite Rating: 83
EPS Rating: 72
RS Rating: 75
Group RS Rating: A
SMR Rating: D
Acc/Dis Rating: C
ROE: 0%
Debt: 0%
Outstanding Shares: 165.2m
EPS Due Date: 2/26/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

DOCU 5 Year Monthly from Bigcharts 2019-01-14

DOCU 1 Year Weekly from Bigcharts 2019-01-14

DOCU 3 Month Daily from Bigcharts 2019-01-14

DOCU 3 Month Daily from StockCharts 2019-01-14

2019-01-31

I closed out my position this morning to lock in profits. The uptrend momentum looks like it is drying up and I expect a drop. I will still be watching this for a while. I got filled at $49.98

49.98 Close - 43.44 Bought = +$6.54 / 43.44 = +15% in 19 days

DOCU 3 Month Daily from StockCharts 2019-01-31

Denny’s Corporation – DENN

https://www.dennys.com/

2019-01-10

This trade idea came to my last year and I had been watching this for a few weeks. This was in Investors Business Daily Stocks on the Move Up in price on 2018-11-18 and I decided to put it on my watch list. It was then featured in IBD Weekly Stock Spotlight VOL 35 NO 38. I was looking for a good time to enter a position.

When screening stocks I'm focusing on stocks in the $20-40 range, because I buy in round lots in order to be able to sell a call against it - Covered Calls

I have been cautious with the current market conditions, but I am still testing the waters. I'm building up my portfolio slowly and I felt this was a good time to enter

I bought on 01/04 and I am at Trading Day 5 with a Time Stop of 7 days. If I buy a stock and it is not making me money by 7 days - it a sell.

I am setting my targets based on the charts instead of a hard percentage. This is a modification to my Trading Plan

I got filled at $16.66
-5% stop = $15.68
10% Target = $17.50

IBD Rankings 01/10/19
Composite Rating: 97
EPS Rating: 89
RS Rating: 95
Group RS Rating: B+
SMR Rating: N/A
Acc/Dis Rating: B+
ROE: 0%
Debt: 0%
Outstanding Shares: 62.6m
EPS Due Date: 2/11/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

DENN 5 Year Monthly from Bigcharts 2019-01-10

DENN 2 Year Weekly from Bigcharts 2019-01-10

DENN 3 Month Daily from Bigcharts 2019-01-10

DENN 3 Month Daily from StockCharts 2019-01-10

2019-01-27

I closed out the position Friday, because the momentum had been drying up and I wanted to lock in the first gains for this year. I got filled at $17.94

DENN 3 Month Daily from StockCharts 2019-01-27

Store Capital Corp – STOR

STORE Capital Corp - STOR

2018-12-16

Dividend stocks are doing well in this environment and this REIT came to my attention. It first popped up during my screening of Investor's Business Daily IBD Weekly VOL 35 NO 30 Week of October 29, 2018. It was Rank #45 in the IBD50

When screening stocks I'm focusing on stocks in the $20-40 range, because I buy in round lots in order to be able to sell a call against it - Covered Calls

I did not take action, because I was fully committed at the time. Then it appeared in the New High list on 2018-12-06. I bought the next morning within the first hour of trading

I bought on 12/07 and this is close to the Time Stop of 7 days. If I buy a stock and it is not making me money by 7 days it a sell. I have a slight gain and tomorrow is Day 7

I got filled at $30.69
-5% stop = $29.16
20% Target = $36.83

IBD Rankings 12/16/18
Composite Rating: 99
EPS Rating: 84
RS Rating: 94
Group RS Rating: A
SMR Rating: B
Acc/Dis Rating: A-
ROE: 5.7%
Debt: 82%
Outstanding Shares: 212.8m
EPS Due Date: 2/20/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

STOR 5 Year Monthly from Bigcharts 2018-12-16

STOR 2 Year Weekly from Bigcharts 2018-12-16

STOR 3 Month Daily from Bigcharts 2018-12-16

STOR 3 Month Daily from Stockcharts 2018-12-16

2018-12-17

Ticktock and stop. I hit my 7 day time stop and it started out as a small loss on the day. It ended up being a -3% loss by the end of the day. This now moves me completely in cash and with this type of market I'm thinking that's a good thing.

I have been stopped out of my past several trades and have had a string of losses. I'm feeling cautious and want to wait till I see a higher probability setup. Going to ease back into the market. I need to have some more successes to commit more

Here is the 3 Month chart from Stockcharts. Large red candle - ugh

STOR 3 Month Daily from Stockcharts 2018-12-17

Chefs Warehouse Holding -CHEF

2018-12-13

This trade idea came from scouring through IBD Weekly. When reading this I'm focusing on stocks in the $20-40 range, because I buy in round lots in order to be able to sell a call against it - Covered Calls

This first hit my radar in the Vol 35 NO.33 Week of November 19, 2018 issue where it was featured in Stock Spotlight. I did not take action, because I was committed in Twitter at the time.

Then it popped up again in the Stock Spotlight section of the Vol 35 NO 34 Week of November 26, 2018 and I was still pretty committed.

CHEF showed up again in the Vol 35 NO 35 Week of December 3, 2018 issue in the Stock Spotlight section

I bought on 12/03 and this hit a Time Stop. If I buy a stock and it is not making me money by 7 days it a sell. Yesterday I was down a 1-2% and I sold this morning

I got filled at $38.56
-5% stop = $36.63
20% Target = $42.27

IBD Rankings 12/13/18
Composite Rating: 95
EPS Rating: 75
RS Rating: 98
Group RS Rating: A+
SMR Rating: D
Acc/Dis Rating: B
ROE: 5.2%
Debt: 126%
Outstanding Shares: 30.0m
EPS Due Date: 2/18/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

CHEF 5 Year Monthly from Bigcharts 2018-12-13

CHEF 1 Year Daily from Bigcharts 2018-12-13

CHEF 3 Month Daily from Bigcharts 2018-12-13

CHEF 3 Month Daily Stockcharts 2018-12-13

Virtu Financial Inc Cl A – VIRT

Virtu Financial

virtu.com

2018-11-25

This trade idea came from Investor's Business Daily www.investors.com.
Vol 35. NO. 32 Week of November 12, 2018

This was featured in the Stocks on the Move section and I reviewed the article on the 15th. This was on my watch list and I bought on 19th.

I got filled at $26.53
-5% stop = $25.20
20% Target = $31.86

IBD Rankings 11/19/18
Composite Rating: 93
EPS Rating: 78
RS Rating: 92
Group RS Rating: B-
SMR Rating: A
Acc/Dis Rating: A+
ROE: 19.5%
Debt: 167%
Outstanding Shares: 107.0m

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

5 year monthly chart from bigcharts

VIRT 5 Year Monthly from Bigcharts 2018-11-19

1 year daily chart from Bigcharts

VIRT 1 Year Daily from Bigcharts 2018-11-19

3 month daily from Bighcharts.com

VIRT 3 Month Daily from Bigcharts 2018-11-19

3 month Daily from Stockcharts.com

VIRT 3 Month Daily from Stockcharts 2018-11-19

I am currently down in the position -4% and I'm watching this one close, because it is about to trip my stop. This had a large loss on very light volume and I am expecting a bounce. It may roll over and some warning signs

Stockcharts.com

Notes VIRT 3 Month Daily from Stockcharts 2018-11-19

2018-11-30

This had drifted down on light volume and then rolled over. I was stopped out and I got filled at $25.14. This is still on my watch list, but my timing was off

2018-12-27

I had kept this on a review list and this has been holding in an otherwise bad market. I noticed the price action and decided to by back into this stock

VIRT 3 Month Daily from Stockcharts 2018-12-27

I have changed my targets using more of the recent low for the stop and upside. I have a time stop of 7 trading days, because if this is not making me money by then I can move on

Cost $25.56

Stop $23.00

Target $30.00

2019-02-14

I closed out the position today, because I had seen a bad headline. This was getting close to my cost basis and I have not liked the way it has been trading. I wanted to be able to free up the cash to put to better use elsewhere

This was a frustrating trade, because I had held during earning reporting. The stock did nicely at earnings, but it hasn't responded well afterwards. I got filled at $25.76

25.76 - 25.56 = .20 /25.56 = +.07% since 12/07/18

VIRT 3 Month Daily from StockCharts 2019-02-14