***MAGIC SWING SETUPS*** for the week of November 18 - 22 --> $SPY $WLT $RMBS $SGY $RSOL $GLUU **UPDATE**

Welcome everyone, I had to switch over from Blog.com to Blogger since blog.com was too unreliable and I know that many of you look forward to seeing my trade setups and many of you take my setups as well. If your new, you can check out my previous entries and results here www.magictrader.blog.com

SHADED GREEN ZONES = Strong Buy Zones
SHADED RED ZONES = Strong Sell Zones

So, lets get things started with a look at the $SPY and possible buying areas.

$SPY - MARKET OUTLOOK as of November 19, 2013

$SPY --> NOVEMBER 19, 2013

PORTFOLIO OUTLOOK

$RMBS about to hit target 1 and $GLUU has hit target 1 and 2, now heading to target 3. $WLT was a failure and a mistake in direction, big time. Learned from this one.


$WLT --> 2 possible areas to buy this stock. One at 16.47 and the other at 16.01, I prefer the 16.01 but if price doesn't get down there then I would be happy playing the break out above 16.47, once price goes below that level.

$WLT --> LONG SETUP

$WLT - UPDATE

Trade activated, Long at 16.01.

$WLT - November 19 --> Long @ 16.01

$RMBS

$RMBS --> LONG SETUP

$RMBS - UPDATE

Trade activated, Long at 8.37.

$RMBS UPDATE November 20, Stop Hit

$RMBS stop hit @ 8.25

$RMBS UPDATE November 22 - Target 1 in sight

$SGY - This is a mid cap but I like the trend and the setup as well. It may not get down to my buy zone but if it does, this is the trade I'll take. 

$SGY --> LONG SETUP

*** $SGY December 22 UPDATE*** 11% winner so far

$SGY  ==> 11% Winner

$RSOL --> this little baby has done well for me in the past and now it's retracing into a really nice area of demand. There are two areas to buy from and I'm deciding to buy from the first green zone mapped out below. 

$RSOL --> LONG SETUP

$RSOL - UPDATE

Trade activated, Long at 2.83 with new targets.

$RSOL - NOVEMBER 18 UPDATE --> TRADE ACTIVATED @ 2.83

$RSOL - November 19 UPDATE

Stop hit

$RSOL - Stop Hit @ 2.66

$GLUU --> this one has a lot of potential. Has made a small run already but is now retracing into a great area of demand where it will recharge for a strong move up.

$GLUU --> LONG SETUP

$GLUU - UPDATE

Trade activated, Stop hit at 3.26

$GLUU November 18 UPDATE --> STOP HIT

$GLUU UPDATE - Target 1 & 2 hit