Category Archives: Gap plays

QQQ update and TraderHank’s play in CTSH

Posted on December 18, 2012 by TraderHank
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The Q’s gaped up to a higher high from yesterday’s last pivot high to open at 65.87 and immediately set the low at 65.70 within the first 10 minutes.  Price rallied a bit and rolled over again testing the lows … Continue reading →

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QQQ update and TraderHank’s short play in SNDK

Posted on December 14, 2012 by TraderHank
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The market gaped below the major support area this morning of 65.03 and quickly set the low of the day in the 2nd 5 minute bar @ 64.66 before pushing upward and setting the high of the day by 9:45 … Continue reading →

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TraderHank’s play in SLB

Posted on December 13, 2012 by TraderHank
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My next play was in SLB which I found on my gap down list this morning.  Not a great gap, but good enough to break the uptrend on the hourly chart.  My entry was the first 15 minute sell setup … Continue reading →

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TradeHank’s final trade of the day in WMT

Posted on December 12, 2012 by TraderHank
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My final trade was a break down play in WMT after a shakeout just after lunch time. WMT was on my gap down list this morning and had been basing at the lows all day.  After the shakeout, I felt … Continue reading →

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TraderHank’s 15 minute sell in LLY

Posted on December 12, 2012 by TraderHank
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My next play was a 15 minute sell in LLY at 1:45 just as we were ending lunch.  I found LLY on my gap down list just a beautiful mortgage type gap that many traders were reward handsomely this morning … Continue reading →

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TraderHank’s play in LVS

Posted on December 11, 2012 by TraderHank
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My next play was in LVS on a 15 minute buy setup.  I found LVS on my gap list gaping over two prior days red bars and a very good mortgage style type gap.  I took the first 15 minute … Continue reading →

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QQQ morning update and TraderHank’s play in JPM

Posted on December 7, 2012 by TraderHank
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The QQQ gaped up this morning to Tuesday’s highs at 65.71 and investors did not wast any time selling and prices moved back down through minor support, then through major support and now setting at the lows of the day … Continue reading →

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TraderHank’s play in TOL

Posted on December 4, 2012 by TraderHank
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My next play came at 10:30 reversal time where the Q’s were at HOSS on the 15 minute chart and I was expecting a bounce.  I was stalking TOL all morning for a long play because of its bullish gap … Continue reading →

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TraderHank’s 2nd play in RIG

Posted on December 3, 2012 by TraderHank
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Usually, it’s best to dance with the girl who brought you, after having a nice short in RIG this morning, I thought a little late day break out was in order, so I took a nice bottoming tail, with COG … Continue reading →

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QQQ update and TraderHank’s short play in RIG

Posted on December 3, 2012 by TraderHank
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The QQQ gaped up nicely this morning clearing the highs from last Thursday and Friday and setting the high of the day by 9:40 am @ 66.37.  From there, every pull back to the 20 ma has been sold basically … Continue reading →

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