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Today I surfed some good trades in oil. I usually watch oil prices on CNBC flip back and forth, but that became annoying.
My remedy: Chicago Mercantile Exchange Real Time Crude Oil Quote.
Today's trades included: Peabody Energy Corp. (BTU), Transocean Inc. (RIG), Joy Global Inc. (JOYG), and Level 3 Communications, Inc. (LVLT).
Nothing spectacular, just quick scalps really.
Trades: 12
Shares: 50,000
Gross Profit: $698.30
Today was probably the easiest money I've made, I mean I studied my setups, drew trendlines, watched the MACD for signals on a 30 minute chart, for an 8-day period. The signals are clear as day! I'll show one example. I spent around 2 or so hours at the computer. I went to my college courses, came back, put in my orders, and stops, took a shower, ate lunch, watched the daily market news and as you can see it performed nicely for me.
Peabody Energy Corp. (BTU)
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Now after the MACD (Moving Average Convergence Divergence) signaled my buy, I scalped for $0.20 cents, 2 times, on 1000, and 1,400 share lots. As you can see from the chart the MACD never crossed back over signaling a sell point. I however did not want to participate in the volatile fluctuations of the Crude Oil Market today, so I played it safe.
Now for some good Ideas on Swing Plays that could possibly profit nicely.
Best Buy Co., Inc. (BBY) (Possibly a Near-Term Buy)
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Wm. Wrigley Jr. Company (WWY) (Possible short canidate)
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Disclaimer: I am not a CFA, or stock broker and take no responsibility in the choices you make from the recommendations from this website. Use information accordingly under preferable market conditions to avoid substantial losses.
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