Category Archives: Gap plays

QQQ update and TraderHank’s Gap play in GILD

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As mentioned in yesterday’s post, today has been tricky with the market gaping up into Major support (near yesterday’s prior highs) and setting the high for the day at 9:35 am @ 65.87.  Then the market sold off making a … Continue reading

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TraderHank’s play in STI

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My next play came during late lunch time about 1:15 pm, I shorted STI which I found during my morning gap scan before the market opened.  Many in my trading room at Affinity took the trade as it broke down … Continue reading

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Update for the QQQ and TraderHank’s Long play in SNDK

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TGIF – After yesterday’s strong sell off because Google did not hit it’s numbers on their earnings report, the market opened neutral  and continued to move lower for the first 15 minutes when it appeared that we may had hit … Continue reading

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TraderHank’s short play in CTSH

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My final play of the day was a short play in CTSH as the market sold off just after lunch.  CTSH was actually on my long list because price had triggered a daily buy yesterday.  This morning CTSH opened as … Continue reading

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TraderHank’s play in INTC

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My second play of the day came from my gap down list, INTC(Intel) had a beautiful shocking gap down under a nice sold wide range green bar on the daily chart from yesterday.  My opportunity came on the 15 minute … Continue reading

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Update for the QQQ and TraderHank’s first trade in POT

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The last two trading days have really been exhausting for me, I’ve had two days in a row as scratch days, neither up or down, actually I think I’m down a buck in fees.  When a trader can squeeze his … Continue reading

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Market update and TraderHank’s play in XLNX

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The market opened neutral this morning and sold off breaking yesterday’s low by a few penny’s.  Currently we are in a sideways trend and I’ll be looking for a break down below the whole number of 67.00.  I’ll be looking … Continue reading

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This morning in the QQQ

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Happy Tuesday everyone, the market gaped lower this morning to Major Support and price action just continued through support lower.  There is no doubt that the daily uptrend in the Q’s is over!  We now could be in a sideways … Continue reading

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TraderHank’s last trade for the morning in GILD

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My final trade was a small .10 cent scalper trade in GILD.  I usually don’t take these trades but the setup was too good for me to not take the trade.  I’ve seen this pattern before many times and I … Continue reading

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Market update and my first trade in SLB

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If you read my pre-market letter yesterday, it pretty much nailed the market.  The Q’s gaped below Friday’s low and sold off for the first 5 minutes then proceeded to put in the high at 10:00 triggering a 5 minute … Continue reading

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