My views on market movements..

 Has the correction started ?

We are in bearish days since few weeks now. If you ask me, the market correction started since 21st Aug 2015, and I believe this will continue until you see S&P 500 moving towards 1680 points or 1700.

Nasdaq - 4122 level is the support I see at present and if broken could head towards 3250 level.

NYSE - Down move towards 8000-7860 level.

Considering all these things there could be corrections till Aug 2016.

I am posting these picking ideas which could be valid for next year but these are my suggestd entry points to keep in mind. 

AAPL -  I see the best time to buy this stock next would be at 70 level. Till then you would see the correction continuing.

GOOG -  I am hoping should move towards 678 in 2 days, as far as this doesnt break below 663 one should be safe enough to move up, if not expect a correction in here too.

FB - 83 level is my next support level and if breaks down the next picking up level could be 65.


Note : I suggest you , do your own homework before you consider my opinion. My opinions are based on my studies and strategies and they are not meant for you to follow blindly. When you invest your money be responsible to research enough than blaming someone. Happy Trading !

Trade Picks Part 2 for the week of Nov 19 - 28

New Picks: 

I found few  more stocks here today which could see potential up trends in next few days. 

• XON - Entry point 35.30-35.50 level with an exit target of 42 level in next few weeks. Now keep in mind there are 2 Fibonacci supports at 37.23 and 36.75 level. So if I am trading this stock I would take 1/3 rd of positions each at these levels and set up stop losses below 10 cents of my purchase point so that just in case if I am stopped out, I would get in at next level and enjoy the ride up. 
• CTRP- As per my studies it has room to move up to 139-140 level in next few days. Curent price is 110.00 and suggested entry price would be 102.87 , and 101.34 level, where I see the supports. If breaks those support next drop would be to 94.60.. I would set up stop losses below each entry point for 60 cents below to be safe. 
• TTPH - Suggested entry point at 11.18 with stop loss of 11.13, exit target 24 level for swing trade in next few weeks. If trade stopped out then next entry point at 10.44 level with stop loss of 10.37 level.. 

Update on my previous blog :

• MRK - My entry price is not triggered yet. If breaks below 53.80 today, should trigger my entry point in next few days. Consider the entry point as 52.70 level with stop loss of 51.90. Exit target remains same as 58.50
• EGRX - Never hit my entry point as I mentioned before. Now near the exit target, where in exit target remains 86 level. Then it should come down to 69-70 level for the next run up. Just wait on this. I will update you for next trade.
• TEVA - Entry point didn't trigger, but at the same time, didn't break out. Today's high, 61.75 is its resistance point. So if doesn't break out should come down for the next entry point 55.80 in next few weeks. I will be watching this. 

Note :
 Dont forget to subscribe to my stocktwits profile and facebook page which given below.
I update most of my stock trading ideas there as soon as I get in or prior to getting in along with stop loss and exit target information so that if someone wants to join me, they can take opportunity along with me.  http://stocktwits.com/USstocktraders

Here is my facebook page where I post most of my option trading ideas and posted immidiately or just before getting in along with target and stop loss. So option players can take advantage in here too 
https://www.facebook.com/pages/JCL-Capital-Management/340432516115721
Note : Please be noted I dont believe in charging for subscription services. All my ideas posted in here are based on my strategy and my own home work. So for however, long I can share my ideas I would be glad to do here as far as I have enough time to blog here. Please do not consider my opinions as advice for you to get into positions. Its your own risk and you should be responsible to do your home work before you take any positions. Happy trading !!

Trade picks for Monday November 16th

Due to important event in life, I didn't get a chance to update this blog. Now am back again with few updates I can write with my available time. Considering market being bearish and on sideways, I would only consider to trade catalyst stocks with small positions... At present I am watching on following stocks with tight stop losses in place. 

MRK - I am watching MRK for an entry at 51.30 level with stop loss of 50.40 for a swing trade. Expecting this to move to 58.50 level in next few days which will be probably by next 2 weeks as per my calculations. It is due for PDUFA in December. 

EGRX is on my watch to enter at 70.60 level with stop loss at 69.90, exit target would be 84.90 level. It is a catalyst stock for December scheduled on 13th. At present volume is my concern. 

TEVA - Entry point would be at 55.40 with stop loss at 54.70, exit target would be 69 level in next few weeks. A catalyst for Dec 9th.. 

 Note :
 Dont forget to subscribe to my stocktwits profile and facebook page which given below.
I update most of my stock trading ideas there as soon as I get in or prior to getting in along with stop loss and exit target information so that if someone wants to join me, they can take opportunity along with me.  http://stocktwits.com/USstocktraders

Here is my facebook page where I post most of my option trading ideas and posted immidiately or just before getting in along with target and stop loss. So option players can take advantage in here too 
https://www.facebook.com/pages/JCL-Capital-Management/340432516115721

Note : Please be noted I dont believe in charging for subscription services. All my ideas posted in here are based on my strategy and my own home work. So for however, long I can share my ideas I would be glad to do here as far as I have enough time to blog here. Please do not consider my opinions as advice for you to get into positions. Its your own risk and you should be responsible to do your home work before you take any positions. Happy trading !!

Bears are rejoicing and bulls are getting crushed

We are seeing correction from last 4 days. Bearish market is driving all the bulls crazy. In order for the market to move 2 steps up, it has to keep a single step down and move further. We are just in that process. 

As I mentioned earlier, in my previous blog, SPY moved to 30 min support . Today it broke down from there and I am expecting market to go down to daily support in next few days to 203.85 level. So we are expecting next few days bearish probably another week. 

Considering all these possibilities I am playing long positions very cautiously closing on the same day like a typical day trader. Whatever I get in, I set up tight stop loss to be on safe side.



Today I got into IBM to go long at 171.40 as per 30 min support and stopped out at 171.20. I strictly prefer to follow my stop loss specially in this bearish market if I am trying something against it. My entry point on IBM next would be at around 165 level when it hits my yellow support line.


Energy stocks are bullish since yesterday creating entry opportunities in the mornings at the open on daily basis. GPOR hit daily support and moving up. I am expecting to move up to 54 level in next few days. GPOR has its earning on Tuesday  5th after market close. So I expect good run up before that to the my nearest target. CNX is another stock which I like very much on bullish side. But I expect for run down tomorrow after hitting 33.09. If breaks out daily resistance then should head towards 33.50 level which is 1.618 resistance as per Fib. 

Watchlist for Friday : 

• I am watching to enter long on LEN at 45.44 level on daily support with tight stop loss.
• SONC - Entry at 28.11 daily support with tight stop loss.

Note :

 Dont forget to subscribe to my stocktwit profile and facebook page which given below.
I update most of my stock trading ideas there as soon as I get in or prior to getting in along with stop loss and exit target information so that if someone wants to join me, they can take opportunity along with me.  http://stocktwits.com/USstocktraders

Here is my facebook page where I post most of my option trading ideas and posted immidiately or just before getting in along with target and stop loss. So option players can take advantage in here too 
https://www.facebook.com/pages/JCL-Capital-Management/340432516115721
Note : Please be noted I dont believe in charging for subscription services. All my ideas posted in here are based on my strategy and my own home work. So for however, long I can share my ideas I would be glad to do here as far as I have enough time to blog here. Please do not consider my opinions as advices for you to get into positions. Its your own risk and you should be responsible to do your home work before you take any positions. Happy trading !!