Trade Review - YHOO - April, 17


Stock Selection Information


UPDATE: Jefferies Raises PT on Yahoo! on Mixed 1Q13 Results
UPDATE: Credit Suisse Raises PT on Yahoo! on Mixed 1Q13 Results

UPDATE: Topeka Capital Markets Lowers PT on Yahoo! Following 1Q13 Earnings Report
UPDATE: Bank of America Upgrades Yahoo! to Buy on Weaker Revenue Trends, Good Asset Value

Earnings release yesterday after the market closed.






Watch List Reason - Earnings after the close yesterday
Pre-Market Volume - 17.80%
Trading Plan - Trade the extremes of pre-market range.

Management

Entry Setup used: Fail to break above pre-market high.


Trading Comments

Bids were being clear on the way down. Sellers took control after it failed to break above. As it came close to pre-market range low buyers step back in and we closed the position. 

Evaluation

It was not a great trade because I did not followed my plan, but it was a good trade. I took half of the position as it was moving in my favor. A big buyer appeared on the bid, but he got taken really fast, meaning sellers were in control. The correct exit would be on the bottom of the range.
I got a bad print when I tried to get out. Could´ve considered switching the position.
No comments:

Daily PM Prep - April, 17


** Prep for Closing Session **

MARKET CONDITIONS



SPY - The chart today is a bit far away so we can keep the big picture in mind. During the morning market stayed inside the smaller range between 156.50 and 154.00. It has come down but I do not think it will go any further today. Some consolidation around the 154.00 level before breaking down. If we go below 154.00 and hold this level, then the bias will change to very bearish. Trading around the POC at 155.50 would be a more neutral situation suggesting that we will stay in this range for a little longer.
Bias: Neutral to Bearish
Accuracy: 80% - Market stayed inside the range as expected.

PM Stock Selection Sheet download - Not fully focused on trading this afternoon. Based on my journal observations, I identified that I was having trouble choosing what side (buyers / sellers) to trade with into the afternoon. Will be working on a strategy to pre-defined that.

Updated at 14:20

Want more information about the Stock Selection Sheet?
Legends - Click me
Read this before using the information provided in this page:
1.Educational purpose material only. Use this information at your own risk. 2.Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.3.The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.4.The afternoon sheet will be updated between 13:00 and 14:00
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Daily AM Prep - April, 17

** Prep for Morning Session**

MARKET CONDITIONS

World Markets News: Asian markets finished mixed. European markets are broadly lower today with shares in Germany off the most. With no big economy number to be release today, Germany market as the strong economy is significant.

Economic Calendar




SPY - Market is gaping down following the world markets. The first scenario we should consider it the smaller range between 154.50 and 157.25. If we stay inside this range there will be more of a neutral day, trading around the POC of the bigger range. This move would have a bearish sentiment to it after the fail break. The second possibility is the break down of 154.50 leading to a sell off and panic. Price will find support at 151.00 or around 149.00s. The third and least expected is the break of 157.50. This would be seen as a bullish sign and we need to re-evaluate if this happens.
Bias: Neutral to Bearish
Accuracy: 100% Market did the expected trading around the smaller range as expected.

AM Stock Selection Sheet download - Today the list seems clear. The levels were easier to identify. Good opportunities today.
Updated at 7:35

Want more information about the Stock Selection Sheet?
Legends - Click me
Read this before using the information provided in this page:
1.Educational purpose material only. Use this information at your own risk.2.Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.3.The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.4.The morning sheet will be updated between 8:00 and 9:00
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