12 Day Low On The VIX

WOW - Almost a new 13 day low today... With my OIL longs, I will have to watch closely as this market is about to turn. Could be tomorrow, could be several days, but a close watch of the VIX will give you some rather perfect short entries. Just pay attention and be ready with your shorts. Have a basket of them ready to go when the market starts to correct.

Good Friday !

Well it's Good Friday and I'm on my last night of vacation. I'm in a condo., in Utah, and we have had a pretty good time. I must say I'm pretty tired of snowboarding. It was a lot of fun, but after 4 days of it, day #5 is rather dull.

It's time to get busy and make some money, so producing some gains is on the agenda for next week.

My son Tommy who is 5 really had a good time. I spent a lot of time with him taking him on the long runs. Once he learned how to stay up on his snowboard he was so happy. It

was quite funny to watch him navigate the mountain.

That's Tommy snowboarding.

Watch-list for 2/27/08

Here are my watchers for tomorrow:

MAN
CNI
FDG
MCO
CP
SU

Mark :-)

E*TRADE Trading Baby 2008

Very Funny !!

My Bullish Watch-list for tomorrow 2/14 plus FWLT

As of now I'm going to close the FWLT puts for about a 35% loss, and then close the call I recently bought for over 100% gain. I got filled on the 72.50 Feb. call for .35 cents. As of tonight it's at .75. Although this will change a bit tomorrow I stand to exit that botched trade with a nice profit !!

For all you lovers out there I would like to say "Happy Valentines Day !"

I think my wife got me a little flat screen for my office. I saw something in the back of the car. I got her a pajama-gram. I also got my daughter a pajama-gram. Sexy for the wife and cute for my daughter.

Anyway I sincerely hope you have a great valentines day tomorrow.

I have a small list for you that I will watch tomorrow.

My Bullish Watch-list :

INSP
MSO
SCSS
NWY
LYV

Not enought time to go thru the options chain tonight, but I did get into PNK today at .10 cents. Once that value gets adjusted on the premium I stand to do quite well. If the stock keeps going up it will be a grand slam!

If I have any light to shed on these stocks Ill share it tomorrow.

Technically theres some good trades there.

GiNight

Mark

PS _ Shedded the puts on FWLT for a

Tomorrows Trade Candidates

Im looking at the following bullish candidates tomorrow. Im going to give you the options I've found to be a little underpriced, and in some cases significantly underpriced.

There are more picks than this, but these had the best opportunity for getting in at a discount if you will.

PNK - June 08 $30.00 call (PNKFF) - .10 / .35 ( last was .10 cents, value is .35)
PCP - June 08 $140.00 call (PCPFH) - 3.00 / 6.08 (Last was 3.00 value is 6.08 !!!!!!!)

COL April 08 $70.00 call (COLDN) - .45 / .91 (Last was .45 value is .91 !!!)
ABB Sept.08 $30.00 Call (ABBIF) - 1.45 / 1.88 (Last was 1.45 value is 1.88)


Now I beg you not to buy these just because I put them up here. This is just my watch-list for tomorrow. I may not enter any of these. These are only for you to look into further. This is not my "recomendation."

OK, G'night.

Mark


PS - Notice the nice swing lows on these.

Second Post For Today FWLT is below

This is from a fellow member kind enough to share his thoughts on the STMM system.

"Dear Mark,

A tip from a new STMM participant Ralph Souza, with a special thanks to Mark Deaton’s unselfish help.

This tip only applies to people who are having trouble recognizing signals/triggers at first glance because it can be a little confusing and overwhelming if you try to take in too much at one time. So use the KISS method (Keep It Simple Swingtrader).

PROBEM: Looking at the whole candlestick rather then just the very bottom or the very top.

SOLUTION: Using the daily chart. If you are new the STMM system and looking for signals and triggers but getting confused well then “welcome to my club.” That’s until the “light went on.” DO NOT LOOK AT THE ENTIRE CANDLESTICK when looking for the swing high/low indicators in the beginning. Only look at the top or bottom formation at first. Look for the signal/trigger 1st at the very right hand side of the chart either short or long (see manual). When the 3rd or 4th or 5th candlestick develops, look for it to exceed the 1st candlestick which indicates that it’s a potential buy. You should be able to find a signal pattern within the previous 30 to 50 days. Go backwards day by day and you will be surprised how often the signals show up. If you find it . . . then it confirms that you are looking at a trigger. If you cannot find the previous signal set up then you are looking at a signal and not a trigger. Put this stock on a watch list waiting for a trigger to develop and move on.

Personally I like to see the first two candlesticks forming a swing high or swing low in the last two days of trading on the daily chart – waiting for the next day or two to see if a trigger is forming. Be sure to look for the previous signal though. Note: It’s important to recognize the fact that the third candlestick could also be trigger in many cases.


This is working for me and I sincerely hope it helps you if you are becoming frustrated. Remember to KISS.

NOTE: There are other factors to look for before buying and it is all covered in the manuals.

Regards,
Ralph"

Thanks Ralph !