Swing trading Mr.Market's latest Top Five Picks

[spikefader]

Re this BSTE long, target (retargetted from original 65.87 to 62.7 was hit today. So out for +$5.50 or +9.6% in only 4 weeks. Not too shabby

[spikefader]

Thread summary - all trades.

Current open trades:
NGPS at 33.49 retarget 33.85
CME at 210.60 retarget 210.81
CWTR at 28.18 target 32.05
ACRG at 3.06 retarget 3.80
ARLP long 70.02 target 80.79
ACRG at 3.30 target 3.80

All previous trades (closed):
ARLP Long 63.74 out 73.05 for +14.6% profit
CWTR Long 24.62 out 25.53 for +3.7% profit
CME Long 197.40 out 198.05 for +0.3% profit
MPX at 25.90 target 26.60 +2.7%
MCRI at 35.30 retarget 34.16 -3.2%
IIG (not taken) nets 15% in 2 days!
CMN (not taken) nets 15%
BSTE at 57.28 retarget 62.78 + 9.6%

Total system profit 57.7% in 8 trades. Average is 7.21% per trade.

[New-born baby]

Spike,

This is a great thread! Thank you.

[jiesen]

Spike,

This is a great thread! Thank you.

holy cow, Spike- what great results!

[spikefader]

Thanks guys. Results look good enough to put faith in

[spikefader]

Re CME long here http://www.mrmarketishuge.com/forum/...2&postcount=44
Original target of 242.19 was retargetted to 210.81 due to lower 50% signal given after entry. This new target was met today, so closing the position for a tiny gain of .21c or .1%. But better than a loss

[canaveraldan]

I bought into CME at 195. I'm a little woried about its rise on lowering volumn. I am hoping to ride it up to 220. Do you have any words of caution?

Thanks
Dan

[spikefader]

I bought into CME at 195. I'm a little woried about its rise on lowering volumn. I am hoping to ride it up to 220. Do you have any words of caution?

Thanks
Dan

No, I think you're good to 225 (upper channel from the 183.50 low). Channel turn up from 215.78 is a bullish thing. Only resistance I see is 217.50 (channel from the top). Hopefully it'll bust and expand that channel for you. If it doesn't and the channel resists, I'd hop off it. Good luck with it.

[spikefader]

The FRD 50% retrace is 12.79 - almost hit it this morning. If she comes down to it that will be a great entry point.

[spikefader]

ACRG retargeted to 3.50 based on new 50% signal.

[grebnet]

Frd

Wow yesterdays sale at 15.75 was better than I thought. I reentered today at 13.20. Ill either look like a genius or an absolute fool. (at least in my own mind)

[spikefader]

OK folks. Another 50% entry today.
Long FRD 12.50, targeting 14.71.

[Runner]

Nice entry Spike, got it on my screen but missed best entry point!!

[Runner]

Possible entry coming

[Runner]

The Spread is crazy on FRD