I started with a $2,000 on 6:1 margin ($12k buying power) in December 2012. Now at $11k (+600% wrt cash, +100% wrt buying power). My system is Sick!
Market: $SPY is weak as we expect tax-loss selling into the new year. Be bearish but be prepared to buy breakouts.
There are some pretty good over-extended stocks out so I am going to focus on those today. I do have my watchlist from yesterday on alert.
AAMRQ -its eventually a great short, only scalpable now. But its a good buy because it has volume and is holding above key supp at 0.7. potential dip buy above 0.85 and ema50(30min) with upside to highs ~1.
CTIX - is up on hype from a New York Times article and other stock promotions. A potential short after a big crack after the squeeze. Dont short too aggressively, only scalpable to ema7 until daily volume fades. Could top at natural res so watch 2.5 and 2.75 for an intraday top
AMBS - has gained +300% since my dip buy alert at 0.37 and i was on the money yesterday calling the dip buy above 0.7 and spike to 0.1. Has alot of volume but its now up alot and is over-extended from ema7. It needs to consolidate or big dip, either way its a scalpable potential short and a potential dip buy with upside to 0.13 with vol.
FARE - is an APS stock promotion. has the best chart and stock promotion trading over $4mil yesterday as it rebounds. The daily chart is very bullish, a bullish dip. Upside to test 0.25 and then new highs. Potential dip buy above 0.16
USGT - vol is building as spam mailers are out. Potential dip buy above 0.67 with upside to 1.
Happy trading. peace