Watchlist for Tomorrow and Trade Recap - 7/27/2011

The market grinded lower and lower today, but I was still able to squeeze out some profitable LONG trades. I cut my day short at around 12PM, but there were still other opportunities that I missed while I was away including a decent sell-off then bounce on ILMN around 2:30pm EST. Still, ended the day with just over $400 in gains. Let's hope for more buying tomorrow.

You can view the video recap of these trades here!

Watchlist for Tomorrow:
AKAM SFLY TRN TZOO ILMN
ALR CAVM RVBD DNKN PCAR

Long ILMN $59.91 with a stop at $59.63 Hit a high of $60.49 (.58/share) before hitting my stop. I was watching this in the AM on 15s because the entire market seemed to be steadily selling and it's very hard to find a long entry when the market is grinding lower at a steady pace. This allowed me to find a great entry for a decent gain.

Long JNPR $25.08 with a stop at $24.93 Hit a high of $25.44 (.36/share) before hitting my stop. This was my second entry. Since it was basically moving sideways for the majority of the morning, I used 30 min candles to get a better/more clear look at the stock. I saw a recent high of $25.07 and decided to buy the break in anticipation of it testing highs and potentially making a new high of day. I got what I wanted and scalped it for quick gains.

Long TRN $32.07 with a stop at $31.90 Hit a high of $32.53 (.46/share) before hitting my stop. Bought the break of $32.06. Had a tight stop a little under $32. Very low risk trade w/nice gain potential.

Verbal Call in Chat Room:
Long CAVM $33.61/.62 with a stop at $33.45 Hit a high of $34.38 (.77/share) and never hit the stop. I saw this trade a little too late and wasn't able to enter the trade, but a chat member was able to take advantage of the verbal call and got in for a nice scalp.

VIDEO Recap: