Tuesday, March 20, 2012

Bond’s Swing Watch For Tuesday March 20, 2012

XCSFDHG46767FHJHJF

tdp2664 Penny Stock Live Good Evening! Awesome start to the week hitting a solid 9% on the DANG swing trade and after some disciplined day trades today I finished up just under $5,000 in profits which makes up for some of my undisciplined day trades last week. It’s important I point out how NEOM completely retraced Friday’s move and why we focus on 10% rinse and repeat, even if it means leaving some on the table from time to time. Was up about $6,000 at one point on PCX today but I’d really like to see this closer to $8 before I consider making any moves. The markets advanced again today but not by much with the Dow +7, the Nasdaq +23 led by Apple and the S&P 500 +6. Tuesday’s economic calendar is light with housing starts for February at 8:30 a.m. EST. Important Updates By Sunday JasonBondPicks will be up and running as the home of premium content. While it’s not ready for memberships yet, I’m loading a lot of material at JasonBondPicks this week so you can get used to using the new site. Feel free to ask questions about the watch list down below, I get to these nightly and it’s better than email because your question might help someone else too, plus it gives us a running log during the week. My job is to help with these trade ideas so please don’t be afraid to ask. Thursday night we’ll have a webinar for all swing trade subscribers located at theStockMarketWatch (tSMW) and I’ll have detailed instructions for you soon. Moving forward this will be the location of our chat and webinars so let’s get used to it Thursday night. You’re membership to JasonBondPicks will be integrated with theStockMarketWatch chat this time around but for the time being you will need to create a username / password before Thursday’s webinar. Open Trades HL – 5,000 shares at $4.59 (current $4.65) swing long. I wouldn’t mind owning another 5,000 shares because I think the upside on this trade is $1 per share swing long. Not only is this chart at good technical support but if the market does pull silver is likely to go up and silver producers with it. LYSCF – 20,000 shares at $1.30 (current $1.29) swing long. I won’t be shy to add size around $1.20 should it go there and plan to hold this one for the $1.70′s. I think the rare earth situation in China would spark a big move in LYSCF in the coming weeks if it plays out right. PCX – 6,000 shares at $6.72 (current $7.21) swing long. Should be smooth sailing up to $8 at which point I’ll assess the trade. I’d be happy at $8 but think there’s a real chance this stock hits $9 to $10 so patience might be the name of the game here. PZZI – 10,000 shares at $4.64 (current $4.64) swing long. This is also one of the best small cap stories we will see in a long time. If the company puts out some good news, which they are completely capable off, I think it could really get going. TVIX



No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...