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15 Apr

Thursday April 15, 2011

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Trading heated up late yesterday when I picked up two new positions. As you know from the video charts I did last night, GNTA is a swing trade for me which means I’ll be looking to sell this morning. USAT is a short term trade with a goal of $3.00. I made a few day trades yesterday but again, for me to share those you’ll need to be in chat because they happen so quickly.

It appears I closed out CDXC one day too early lol… congratulations to everyone who cashed in yesterday. $1.80 is resistance so $1.75 is a great profit point for that one if you ask me. Sold the rest of my SHMX, was hoping for more but no dice. Sitting on 5k USAT at $2.33, 100k GNTA at $.0939 and 5k LOCM at $4.30 which started to bounce back yesterday. Target on GNTA this morning is $.15 – $.20 if it runs. Looking for $3.00 on USAT once it breaks the $2.75 range it should run quick before pulling back from $3.00 and I’m still shooting for $5.00 on LOCM.

Click here for the GNTA video chart

Click here for the USAT video chart

I plan on recording a live Level II tutorial today for those of you who are new to technical analysis. I’ll also do a tutorial of my chart, from StockCharts.com since many of you have been asking how to read it.

 

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