http://www.stockrake.com

Intraday I use a 60 min chart for stuff I feel like trading intraday which could be for options or stocks. I use this with stocks that often have big intraday moves, options on 2x etf’s such as SSO, or options on highly liquid stocks like BAC and AIG.

With my daily chart I use the 21 ema and look for price going up above it and then retesting it from the topside.

I then use weekly charts for value related swing trades. This is something I’ve gotten away from and am going back to it. RIMM met all the criteria today for everything.

I bought RIMM stock, Jan 66.625 calls, and March 70 calls. All the charts were green and my fundamental screeners have RIMM at a much higher valuation than the 63.46 trading price.

I’ll talk about other positions tomorrow, except I’ll say this, HITK broke out to a new 52w high today. This was a “value swing” type trade.

I’m still long the indexes, but lightened up by 50% today. Market is flipping back and forth at every breakout or breakdown point. With this pattern, market should go higher tomorrow. If it doesn’t, be worried if your bullish.