Before the Open I asked SMB Trader CST, “What are you looking at?” “I am thinking of trading DNDN Bella. I am looking for an opening drive.” I checked briefing.com: Dendreon: Provenge launch is on track The market reacted positively to this news as DNDN was gapping up. On our long term charts 37.50 and 40 were the next important … Read More
Premarket Volume a Tell- DNDN
Last night I went out long DNDN. At 8:30 AM I was down a cool $80 on my position. Not exactly something for which to put down my breakfast Cliff protein bar. DNDN had cleared an important resistance level on Thursday at 27.50. It closed still in an intraday uptrend and 80c from its intraday high at 28.75. Stocks like … Read More
Generating Trading Ideas for Tomorrow
Into the Close I recognized that one of the stocks I was long was stronger than all the others. That was DNDN, which will now be the first stock I consider to trade as I prepare before the Open tomorrow. Let’s discuss. Into the Close I was long LVS, DRYS, AIG, and DNDN. SPY broke from its tight range and started an upmove … Read More