Tuesday March 20, 2012

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. Its important I point out how NEOM completely retraced Fridays 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 Id 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. Tuesdays 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 its not ready for
memberships yet, Im 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 its 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 dont be afraid to ask.
Thursday night well have a webinar for all swing trade subscribers located at
theStockMarketWatch (tSMW) and Ill have detailed instructions for you soon.
Moving forward this will be the location of our chat and webinars so lets get
used to it Thursday night. Youre 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 Thursdays webinar. Open Trades HL
5,000 shares at $4.59 (current $4.65) swing long. I wouldnt 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 wont be shy to add size around
$1.20 should it go there and plan to hold this one for the $1.70s. 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 Ill assess the trade. Id
be happy at $8 but think theres 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