It's here.

Happy New YEAR!

End of year.

I won't be expecting too much from this market today, just keep any positions from turning into big loser's. Maybe a daytrade or two using small positions.

Not good

In this kind of trading environment it's all about being lucky.

watch out

Whoa!!!!!!!!!!!!!!!!!!!!!!!1 stocks all over the place

MPEL

MPEL off the 12.00 level looks interesting.
EMC got stopped out of 60% of my position breakeven, uhggggggg

Bears

The bears are pressing here.

EMC

EMC getting sold down on very low volume (9400) here in the premarket. With news of a purchase.

Mixed

Looks like another mixed day of trading where the institutional managers continue marking up their big winners even further, this environment is great for momo traders. POT, MOS show no quit then there are stocks with high p/e's GEOY 395, AMZN. and others. Solar stocks ripping.

Good Luck. And keep your stops in place.

EMC

I'm getting aggressive in EMC with some fairly tight stops in place.

Mixed

Looks like a tough day of sleighing ahead. Mixed trading with pockets of strength. I will only be looking for short term trades once again.

Move over

Geez the only way I would play this move so far is to sell short an extended stock for a quick daytrade. Good Luck

Merry Christmas

I had a difficult week my timing was off, however no damage to the account LRCX (-1.40) was my big loser, Today I shorted some RIMM but changed my trigger after my initial settings and stopped out for a dime + (hehehe) the trade would have worked without the last minute fine tuning, , hesitated on the CELG bounce so I didnt buy, and then went and did some final Christmas shopping. Got stopped out of CY breakeven a couple days ago, Caught some of the ORCL move afterhours a couple days ago, caught a tiny move in FLML today, still holding EMC, WU, CRDC, DISH. The action was strong and most of it should hold through the morning of the 26th, I will re-evaluate at that time. Merry Christmas.

WU

Huge volume to start the day in WU.

watch

Watch GENZ,
SGP recieved an upgrade

Early

I'm in the camp that believes we will see a rally of some size today. However it looks to me like its the same old momentum favorites taking the early lead premarket.

WU
EMC
long with stops


Watching, T, KNDL it may be late, CELG, SGR among others

Mixed trading

Thinning volume on the major indicies will make for sharp moves on select stocks. Looks like we will see a positive move after the open but will it hold. Most likely another mixed day. Keep your stops on and Good Luck

Who knows for sure

The market as of late has been giving very quick time frames to take very small profits, more sellers then buyers. Well let's see what happens here

Whoa

Good Luck, too skitzie to trade.

LRCX

That LRCX trade , WHAT A DISASTER, it went through the 43.43 level like a knife through butter. all out.

Stock review

LRCX doesn't look very good for a bounce
CY should have taken my dollar out of it.
WU showing something
CRDC biding time

MIXED

I think today will be mixed.

Some moves

Added a small slice of CRDC @8.90
Added some WU @ 22.58
Started a position in CY, no technical evaluation was used just bought it @ 34.69

Da Bulls

The bulls seem uninterested here this morning let's see how the Bears capitalize on that.

early review

GS up only 2.50 in premarket off the good numbers, BBY up slightly off good numbers premarket.

I would say just continue to stay out of the market until conditions improve. Daytrades only.

Review

What a miserable day. Yes I had ISRG short off the 319 level but covered it rather then lose money. Need I say more, NO but I will, held LRCX and when I returned it was still going down. Held WU from Friday., and added yet another tiny piece of CRDC @ 9.22. It looks as though the market may continue lower. Oh yeah lost 60% of my DISH today. Good Luck.

Bounce?

We are set up for a bounce here but the likelihood it will go very far are slim.

High risk

High risk trade LRCX @ 44.80

It's best to stand aside here very skittish market.

&^&^&(*%$$#^()*

That's RIGHT!

WU

Were going to try a bit of WU off the 23.75 level, the market isn't offering much so consider this a high risk trade

Tricky

Yes it will be a tricky environment for traders today. Keep position size down.

I will be here only for the first hour. Good Luck

BIIB

It's moving sideways, no bounce so I exited at breakeven.. That's right it should now start to bounce.

Afterhours trade

High risk trade in BIIB, afterhours looking for a bounce. This really can go either way, with all the pressure in the markets right now I will scale in if it opens much lower tomorrow. I will be looking for 2 dollars.

Time Frames

Keep trading time frames short for the foreseeable future. Quick Hits.

Review

Lost my AZPN took a 17 cent hit on half and a 40 cent hit on the other half.
Lost my MOT 10 cent gain, took a 14 cent loss on the other half days ago.
My ISRG short was Covered @ 338.95 small gain.

CRDC still holding a full position.
DISH still holding a full position.


Could have been a lot worse.

Pre Fed.

I'm expecting some very volatile action after the Fed release today.

I am leaving, and won't be around for the fireworks. Good Luck

Picked up some AZPN, with a tight stop.

Good Luck

Another mixed day.
Lost 1.05 on a 1/3 sized position in ISRG yesterday. I know how did that happen you ask well Trade Trigger took me out quickly.

Bought AKS 46.45 yesterday , sold it this morning @ 47.28.

Leaving early again today.

Good Luck.

premarket update

Premarket starting to tank here. Keep stops in place. Looks like a mixed day.

Early premarket view.

Looks to be a continuation of yesterdays rally setting in here premarket. keep your stops fairly tight.

I'm guessing ISRG will run up a bit more, the chart looks strong at least to 340.

Review

Nice rally. I had to leave early. However when I returned I noticed my trigger to cover my ISRG was activated and filled, (whew) + $3. on a 2/3rd sized trade.

CRDC , whoa an up day? HURRAY!!!!!!!!!!!!!!!!! now will it last.

I will only be trading for a couple of hours tomorrow.

EARLY look

Keep position size small. We may be in for a small bounce however I'm not very trusting of it.
Early premarket momo in BIDU MA FSLR SOHU , RIMM also but appears to be a bounce.

Decisions

Time for serious decisions. No more position trading on this blog as you can see it's just to painful to see what it does to my account balance. Anyways all trades will have a maximum holding period of 7 trading days. It still seems like daytrading and swingtrading profits far out way any other trading strategy that I employ.

Sold short ISRG covered too soon though, typical profit 2+ dollars.

DISH

Missed getting stoped out by a penny yesterday and then today it gaps down right over my stop limit. BIG YIKES.

No rush

No rush to put money to work.
Since I won't be able to trade much during the next 3 days.
Looking for some downside trades here in the early going today however I will be quick to cover.

Review

Well I shorted more FMCN@54.21 then covered the entire position at the Close @ 53.68.
Holding a small position in MOT still.
Close to stopping out of 60% of my DISH.
Holding CRDC.

Watching NYX for a entry around 83.90 depending on the overall market environment.
Watching ACI for an entry a bit lower then where it's at.
MPEL lost some future revenue and may be slow to recover I'll look to get in around 12.20 to 12.50, depending on how it starts to act.
Watching EMC for some strength.
And many others.

Bearish tone

As you've noticed the market has a bearish bent to it today, start looking for stocks you may want at lower prices.

I got short the FMCN @ 55.15
Got long the VNR 16.65.

Dumped half my MOT Friday for a 14 cent loss but removed my stop today (yikes), small position.

Mixed day

Looks like it will be another mixed day of trading.
Watch the momo favorites for some downside.

MOT

Motorola is not showing anything, it was a long shot that isn't working. I have my exits in place.

MOT

High risk trade @ 16.18 small position. Looking for bounce here.

Rally

Sometimes overnight risk works such as for today's market. Don't chase this gap up without a clear area for your stops. The market should put in a nice rally today.

I have to leave very early.
Good Luck.

Tough market.

If the market has any strength left DISH looks good for some upside.
UNP stopped out breakeven.

CRDC

The bears made a stand on CRDC at 7.70, not a really good sign let's see if the bulls say enough is enough.

UNP

Picked up a half sized position in UNP. I ;ll keep a tight leash on this one.

Early review

Got a couple of dollars daytrading ISRG, looking for a reentry on NYX among others, Patience is required here.

MIXED

I'm expecting a very mixed day of trading, keep timeframes short.

SHLD still going down after that horrible earnings release.

NED

Sold NED however I believe it may have more upside.

Keep time frames for trades short.

Looks like the momentum favorites are moving higher in pre market, ie; RIMM, BIDU, AAPL, ISRG and the like.

BIDZ

Sold my BIDZ in premarket @10.29, was just a small bounce play.

BIDZ

Bought some BIDZ afterhours, small position @9.19, extremely risky trade.

Today

I would be looking for bounce plays today. Quick flips. I am expecting some very tricky trading again today. Keeping the stops on my recent purchases very tight.

Oil is under some pressure here this morning.

NED

Picked up some NED off an article on RealMoney.com.

DISH

Ok I'm done just made DISH a full sized position.

every

Every trade is a risk here.

DISH

Just added to DISH, medium sized position.

CRDC

yes there are some big bears in Cardica every move up is brought back down almost immediately, not even in size just right back down, but at least the bulls are starting to emerge although meekly.

Bounce?

I'm not very trusting of this market right now. Stick to quick flips. Even if the market starts to rally deploying longer term capital seems extremely risky. Yes were due for some sort of bounce but thats about it.

CRDC, holding
DISH, holding

session

It will be a shorten trading session today. Very quick flips if anything.
The only thing that looks like it has any strength is APPL, DE in this premarket.


GOOD LUCK.

Holiday

Looks like we are setting up for more selling today. If anything, protect your positions and limit yourself to quick flips mostly on the short side. Or just take a day off.

Happy Thanksgiving to everyone!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

out out out

Forced out of everything but CRDC and DISH.

yhoo gone, cbak gone, mpel gone
2 breakeven trades in NYX


painful day

Sharp moves

I'm sure it will be another tricky day or two in the markets.

Stocks in the premarket

FSLR, BIDU, MA, WYNN, CNQR all showing something in the premarket.

Today

Looks like were in for a short term rally into Thanksgiving. I would keep an eye on your pick though. I bought a medium sized position in NYX yesterday @81.19.

Market

So much risk in the markets right now. Intra day trading looks to be the only option.
We should be near a tradeable bottom here. Keep position size small. Don't buy any extended stocks.

NTAP is receiving a positive reaction to it's earnings call here in after-market trading.

Today

Stay patient and wait for better prices. I'm seeing a lot of selling here this morning.

Today

Just returned. Whoa big down day. Should have exited more positions at even.
This is shorting weather. Wish I had been here. Will only have a couple hours to trade tomorrow.

Stopped out of half my USU @9.47.
CRDC, there seems to be no bottom.
MPEL, underwater 52 cents.
CBAK, this should test the 5.25 level again soon.
DISH, holding


Good Luck.

Today

Futures down big here in pre-market.
Sold my TWX 18.13 premarket. Breakeven.
Even in MPEL would be 13.52 don't know yet what I will do with this position.

Have to leave early today.

Good Luck

MPEL

Good place if so inclined to add more with a tight stop of 2nd half of shares. 12.75ish

Market

The Chinese stocks continue to get whacked.
Lots of very angry Bears here driving the stocks down.

Be Careful.


MPEL too ugly to swing trade,
CBAK, what can I say, never go back after a trade when the market is struggling.
CRDC, no bulls left
USU, I wont let this get too far away before selling
TWX, holding for now, actually a longer term trade.

Good Luck

Nothing today is working for me. Should a bought XFML had a lot of opportunities.



ROUGH.

More more more

bought some TWX @18.03 New CEO on the way
bought some more CRDC 9.52

MPEL

Started a small position in MPEL for a swing trade. Left room to add more.

Bear Tracks

Bear Tracks all over the move above 9.70 on USU.

IGT

IGT looks interesting here, no trade on yet. IGT is one of my 10 long term holdings.

CBAK

CBAK, @5.36, high risk trade

USU

I bought some USU for a quick 1 to 5 day trade. @9.71

Monday

Monday looks like it's going to be a red day.

Today

I didn't have any time this morning to trade, however I added a small bit more to CRDC @ 10.45 remember this requires a strong stomach the chart does not look bullish at all.

Good LUCK.

RIMM

looks like RIMM is setting up for a move, however I REALLY HAVE TO LEAVE.

DRYS

It's a short covering rally.

I scalped DRYS on the short side twice, I have to leave and didn't want exposure the two trades only produced a "$1.25 move" combined. I rarely scalp but sometimes that's all that will work.

Good LUCK today.

Review

I returned last night so there wasn't much time to get a read on the markets. I didn't want too much exposure in front of the Fed.

Wow lots of action today.
I will be trading only in the morning on Thursday.

I took 2 day trades in DRYS both on the short side one big one small, both winners.

CRDC

Looks like the people playing earnings are receiving a rude reception, once these short termer's are out of Cardica it should recover. I'm holding because I believe as the year proceeds this stock will get above $15.15.

As you can see

As you can see trading can be hugely frustrating. Missed $2.00 in NTAP although it was a profitable trade it could have been much more. Missed the big move in CTEL by hours I set my stop too tight however that was a consequence of holding a couple positions too long last week. Well on to the next trades. I wont be around early next week, Good LUCK.


DISH, Holding
CRDC, Holding
DRYS shorted today and covered +2.70

review

MSFT up big in after-hours. Wish I had been here today lots of volatility.

DRYS got short this morning trade trigger filled trade produced +3.11
CTEL, was stopped out near the low today.
CRDC looks like it closed strong.

Review

Scalped my FRPT, will continue to watch for another entry.
CTEL, will watch this one closely, it has only had one big day, if it doesn't start going in my direction it will be sold.

CRDC, holding
DISH, holding

FRPT

Started a small position 19.46.

CTEL

Bought some CTEL, and put a fairly tight stop in place. Pure Speculation play.

eh

No shares available to short in one of my favorites.

CRDC, holding
DISH, holding a small position

Today

MPEL could go either way, I sold.
CRDC, holding
DISH, holding

Have to leave,


GOOD LUCK Today.

review

MPEL, could go either way set a stop below 16.15 if it gets hit you should be able to buy it back lower.
CRDC, Holding ,when momentum returns it may move so fast it's difficult to jump back in.

DISH, holding a small position.

NTAP , watching and waiting for re-entry, this one may get away from me.

XTO watching for an entry.

Market

Most likely any trade I take at this juncture will be for a quick flip. More inclined to look for short opportunities. BEST move is too go all in cash and wait for trade setups.

Whew

When I finally got the computer up the market was already down 111 points. Had no stops in place as I rarely oversleep. Sold NTAP @ 29.80 plan on buying it back lower. Got Short DRYS 124. but couldn't hold on +2.40. If MPEL gets to the 16.50 i will consider buying a bit more. DISH holding for now. CRDC will continue to hold.

Today

Bought some MPEL @ 17.00 and will add to it at lower levels.
Daytraded some CTEL for a scalp.

Review

CRDC, mostly sellers after the opening strength, if you have a strong stomach it may be worth holding otherwise get out and wait for momentum to return.
NTAP, still holding, nice recovery today.
DISH, holding, the story is a buyout, however the stock caught a downgrade today on 3rd quarter earnings. I had an entry @ 48.60 but removed it quickly as the market was BRIGHT RED.

CRDC

@11.60 small addition.

Early pop

Stopped out of DNA -5cents
Sold LRCX @57.05

The early pop shows signs of weakness.

DNA

Just started a position in DNA @ 74.65

Pre-market

The shippers are receiving lots of target upgrades this morning.

Picked up some DISH pre-market,,,,,,,,,,,,,,,,,Risky
Order in for more CRDC under 11.00,,,,,,,,,,,, Risky

Good Luck

Good Luck. Gone for the rest of today. SET YOUR STOPS>

LRCX

Started a small position in LRCX @54.66

Possible sector trades

BIOTECH and select TECH look to have some upside in front of them

Today

CBAK stopped out Friday. OUCH!!!!!!!!!!!!!!!!!!!!!!
NTAP looks good.
CRDC, no volume could go either way. Could sell and wait for a rally over 15.15 I'm holding for now.

I'm mainly focused on day trades right now.

Today

Ok I have a DRYS short @118.11 with a break even stop.
CBAK looks extremely bearish.

That's it for me today. Have to leave.

Good Luck.

VMW

No shares available to sell short, again another lost opportunity.

Today

Not expecting too much from this market over the next week. Also watch for selling off any moves to the upside. Sure there will be pockets of strength but most players may just try to protect gains.

Mostly daytrading for me.


Holding CRDC, and will unless it starts to fall apart.

Holding CBAK, I'll unload it under 8.00 if it starts selling off.

Holding NTAP, giving this one some room too run.

CRDC

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5473017&Type=HTML


The VP of Cardica made a substantial purchase of stock yesterday.

Selloff

Let things shake out before making risky decisions, let's determine if this is a falling knife or a reasonable pullback.

I removed my stop in CBAK, I'll just trade around it.
Caught some DRYS on the short side @121.15 but just like yesterday covered way before the huge potential gains arrived.
Still have an order for more CRDC.

CRDC

Very low volume, could go either way , I'm holding tight with another small entry order in the 12.70 level.

CHINA

Out @ 8.84

This morning

CHINA is gapping up, Hold.

CBAK, entered pre-market @8.87, also have a secondary entry @ 8.70

MOmentum

Momentum is what's working.
The indexes may be down today but there was plenty of strength.

Set your stops.

Stopped out of RADS, OIH.
2 Daytrades in DRYS on the short side.
1 small purchase of CRDC 2/3 sized position for current conditions.

Review

Took DRYS short @121.13 but covered way too soon.
CRDC added a small bit more @13.15, and will add more in the 12.75 level.
Broke even on the second half of my RADS shares.
Took a small hit in the OIH, it went straight up too my stop before pulling back.

ROTFLMAO

ROTFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1 This strength is something to behold!

unbelievable

Stopped out of RADS, and OIH.

Recap

Had another entry in CRDC @ 13.02 that never got filled today.
Got short the OIH @191.61, if it doesn't go in my direction I won't hesitate to cover.

The strong stocks are staying strong and the rest are just trading around.
My long term account was strong today, the short term didn't do much.

CRDC

started a small position in CRDC again.

DRYS

my online broker is telling me that there are no shares available to sell short.

so far

Stopped out of BLL -2 cents
Stopped out of GTI -6 cents
Took a late exit on FLS -43 cents.






DRYS still FLYING

Today

BLL, just pennies from being stopped out, it started to recover.
RADS, still holding
GTI, still holding
CHINA, still holding
CRDC, sold at the close 14.31, will look for new entry
FLS, still holding


GD made a nice move as did NILE and DRYS.

BLL

One problem with small positions even though you might get near a price target it becomes hard to sell because of the small gain. I'm about to be stopped out here.

OIH

Oil services looks to have a few dollars of downside in front of it, Stop would be at the 190.00 level. I'm still watching it no position yet.

FLS

Picked up some Flowserve, I'm not real comfortable with this one though. Enter at your own risk.

CRDC (revisited)

Well when CRDC was @ the 13.30 level i decided to set an hard exit @ 14.70 well it started moving up soon afterward and sold me out, that was the last good move I made. Let me explain next I set an entry @ 13.80 for an equal sized position it held that level for minutes then broke down so as it moved down I entered an order for a small bit more @ 13.11. You know the rest.


Very volatile yet very promising.

CRDC

Long @12.40, speculative entry.


Let me add this is a news driven trade for me, yes there is strong momentum, if their product is successful this stock WILL FLY even further.

yesterday

I had to leave unexpectedly yesterday and did not return until late. No time to review charts or trades.

Jobs #'s out this am.

Looks like a Bull today!

trades

Lost half my shares of RADS, stopped out.
GTI breakout, late entry , hold for now

Order for a small position in MPEL @ 16.50 level

NTAP

Watch NTAP today and tomorrow for an upside DAYTRADE.

CHINA the stock

CHINA is up in the pre-market I will continue to hold unless it provides me an exit in the $9.00 range today.

Today

Picked up some RADS just before the pullback off the 16.95 level.
BLL went long on a small position.


Still holding CHINA as it retests the 7.50 level, had an order for more @7.48 but pulled it just before execution.

Watching MPEL closely best entry would be around the 16.50 level.
GRMN pulling back will watch this one for a recovery.


I'm not going to get too aggressive until more buying pressure returns.

DRYS

Has more downside however I covered for +2.21

No shares

There are no shares available to sell short in CHNR.

?

Don't really know when the correction will come, the bulls are holding this market up though.

EMC

Sold it break even.

HUM

HUM showing some stregnth
CIEN showing strength


CHNR,,,,,,,omG

Do not

Do not be fooled by the initial effort of the dip buyers, this market has run extremely well, the trapped traders will look to sell on any move up.

Opportunity's are in the making, give it some time though.

Stocks

The Gaming stocks are getting whacked pre-market WYNN, LVS, MPEL.
Tighten stops on stocks that you might want to protect profits on.

Trades

Jumped back into EMC @21.22
Bought CHINA @7.88 and I will hold it through any test of the 7.50 range.
Short DRYS near the close, it's a little if'y though.


NAHC may be coming up off the bottom.
ADSK near the breakout level.
CIEN had a nice day.

DRYS

Took a small short position into the close. This stock is still on fire so my hopes for a quick trade are limited.

DRYS

Took a dollar on the short side off the 99.30 level. It may have some more downside in it I'll return later today and look at it again.

Random

After the low volume rally yesterday it looks like a mixed bag today.
Tons of setups forming. Stick with the stocks already moving for your daytrades, many traders who were poorly positioned for Monday's rally may try and chase the early dips, I may try and enter some counter-trend trades and other continuation trades today. Way too many to list right now.

MPEL

MPEL is setting up, however it may just end up being window dressing. I'll jump in on some minor weakness.

EMC

Once again EMC order @20.22, 2/3 sized position

Well

Looks Bearish.

GTI

GTI long @ 18.67, one more try today.

NYX

Stopped out for a nickel loss.

NYX

Long @79.75

Today

Today I am starting the day with only one short and one long stock position. I will be looking for some daytrades.

RVBD, will be watching for short position.
EMC still watching for long entry
ADSK, on a volume move north.
MPEL, will be looking for move on volume over 17.
and 75 others.

EMC

Moved the entry to just below 20.00, it may not get filled but that's alright for now.

MPEL

Sold @ 16.80, time will tell.

EMC

Order placed @20.20 for a 2/3 sized position, looks like downside to 20.08.

EMC

I have an order in @ 20.30, I really don't expect it to get hit today, yet it's placed anyways............

Today

Lots of nice setups, however it is my belief that were overdue for some type of minor correction in the index's. Since I have to leave early I didn't take much action today. ADSK is breaking out, HUM at the open put in a nice move.

MPEL

Added some @15.70

Trades

Sold my EMC, will look for re-entry based on market conditions and price pattern. Around 20 to 20.30 would be buyable.

DRYS beat me up good today.

GPOR, upped off some good news.
MPEL , wait for some buyers to step in, this stock has had a good run off the lows.
BYD , fell back into it's range.
NTAP, still in a trading range 26.50 to 28.60
YUM, may be pulling back to it's 50 ema
GD, watch for more upside action


Watching ADSK, HUM

MPEL

Just started a position @ 15.97, It had no buying pressure at all today, patience a must on this one.

I have a secondary entry @ 15.80 also.

DRYS

It bounced strongly of the opening dip, take profits where you can.

I walked away from my computer for 2 minutes and when I returned it was closing in on 83.70, I'm holding looking for at least 2 but will cover if need be.


The dip buyers have done their stuff on the market here in the early going, lets see how long it will last.

DRYS

Just got short @ 85.00, this is a short term trade, looking for 2 to 4 dollars.

Let me add this is a high risk trade!

MPEL

Unloaded my last half of MPEL @16.25, I will be looking to re-enter though

Bulls!

There are so many stocks performing right now it must be a Bull Market!

Won't be around again today.

Away

Being away from the computer during trading hours is difficult. I missed the entire fed reaction, and the next morning, had to set a stop on half the MPEL, so todays move brings me close to even.

short some X looking for a dollar.

Be back by noon.

MPEL

Set a stop below the 2 day low. You can always jump back in if need be.

Choppy

Nervous traders and a Fed release today making for some choppy trading.

GD

GD is back near the breakout level, keep an eye on this one.

MPEL

Added a bit more @ 14.71

Monday

I may try to bang out a quick trade in the morning, I'll only be able to catch the first 1 & 1/2 hours of the market . Tuesday I'll have only the first 2 hours.

Overall I expect trading to be muted until the fed speaks tomorrow, however there are always opportunity's.

I will have my streamers up looking for a stock that starts out strong for a quick trade.

MPEL

Back in MPEL with a half a position. under 15.25 is a buy point today

LVS

Covered the LVS for +1.17 small daytrade

LVS

Don't short uber strength.


LVS has nothing but strength.

LVS

Don't short uber strength.


LVS has nothing but strength.

Trades

I was a little slow in the trigger finger today.

Sold MPEL out 16.03 +1.80

Got short LVS 120.80

Futures

The futures are down in premarket, look for some shorting opportunity's in some of your favorite recent high fliers. Day trading environment.

DRYS

Keep your eye on this one, possible short, look for 2 to 6 dollars, this stock has tons of bulls inside it so be extremely careful. Not for the timid.

A possible trade

Well X (US Steel) looks like it may be rolling over here, look for a shorting opportunity.

I was not around today but will be trading the next two days.

Market Thoughts

Lots of action in the markets, I believe we will be in a trading range until the fed speaks next week. There may be a sell the news reaction after the rate cut. Looks like some big institutions are responsible for some of the big bear days. Keep trades quick.

WYNN and LVS had big days.

stocks to watch

NTAP any close above 28.70 should be considered a buy signal.
MPEL any close above 14.30, buy.


AMGN looks strong in the premarket today.

market

The market might stay under pressure today due to the jobs number, with layoffs increasing in the financial and mortgage industry's. Pick your spots and trade stocks that are moving.

This has been a low volume bounce the last few days, keep position size small, except for daytrading.

I will not have much time for trading this week except in the first hour or two of trading.

Basic review

Buying strength or selling weakness has not been working, the best trades are those that you might stick with for a week or so. Most likely we will be in some sort of trading range for the foreseeable future, watch for more downside in the financials. Keep position size small and look for quick trades.

Shake

This should shake things up, start to look for key support and resistance levels on your favorite stocks, we should be able to bang out some quick trades.

If only

If only I had done the exact opposite, of what I have actually done, I'd be in good shape.

Quick review

It felt like the bulls were trying to prove something during the final hour of trading. I believe if they don't gain some serious traction at the open tomorrow we might see a bit more downside.

Trading

I'm not trading well in this market environment, I think I will lay low for a while.

Set stops on all positions.

internet

Just got my internet access back up ( computer breakdown on Monday about 2:30pm)


TRMP, if it doesn't bounce around 15.10 you might want to exit.

MPEL

MPEL hold unless it starts a waterfall type selloff.

AMZN

AMZN short Set stop above 69.00, or place it where it won't create any pain if it should reverse to the upside.

unreal

It's unreal how many times my stops act as a magnet price.

unreal

Ir's unreal how many times my stops act as a magnet price.

Strength

Still a lot of strength here.

AAPL

If Apple trades below 119.30 again set buy to cover stop order @ 119.90.

Set buy to cover orders ( profit) at lower than 118.50 levels

Or just take profits when your happy with the trade.

Market

The bulls hit the opening dip with a ferver, lets see what happens. Don't let anything get too far away unless you plan to scale in.

Review

AAPL, Short, I'll cover this one on most any move over 122.75, the key word is "most" it really depends on how it moves, on its way to 122.75 .

AMZN, Short, don't let this one get too far away on the upside, I'm looking to cover around 67.00

MPEL, good to go higher

PDS, nearly hit my stop today. I may add to this one depending on how it acts going forward.

TRMP, stuck in a holding pattern, its waiting for more news.

AAPL

Apple showing positive momentum, uh oh.

Playing

Playing most of my trades with small positions here, yes shorting is dangerous in this environment. Don't let anything create too much pain for your account.

AAPL

High risk trade short AAPL above $121.00, maybe good for 2 to 4 dollars.

overdue

We are overdue for a big correction, tighten all stops

WHEW!

Whew!

PALM

stop @ 16.20

review

PALM is not receiving very positive comments from any articles I have read about there new FOLIO, I'm going to continue to hold but once again will not let this stock get away from me on the downside.

PDS, continue to hold.
AMZN, short, continue to hold
MPEL, continue to hold
TRMP, continue to hold

PALM

PALM @16.40 , I will hold this one for a few days at least.

PDS

Just bought some Precision drilling PDS, It may be reversing off its trendline here, I won't give this one too much downside before exiting. Fairly tight stop.


Who's kiddin who, there is still a heavy bear presence in PDS and a high volume move above 25.90 is a safer play.

X

Short X, looking for a dollar or two. Breakeven stop.


update, they got me on that thin upward pointing tail. Trade over -3 cents

Market

I believe from this point forward the markets volatility should start to grow, at least for the short term.

NYX

NYX is pointing lower, if your in 82.50 should be a hard stop, if the market turns higher this is a buy level.

AMZN

If you short Amazon here don't let it get away from you on the upside. It may test 67.

X

If us steel can make it to roughly 110.2 i may start a short position .

TRMP, still holding.
MPEL may be reversing here.

NYX

NYX is at a buy point, yet I have not pulled the trigger on it yet.

TRMP

I'm going to hold for now. But setting a stop might be a good idea.

That's

That's why they call it trading, had to buy my TRMP back at a higher price.

AMZN

$1.03 on the shortside. Trade complete.

TRMP

Just sold 1/2 of my position. Just locking in some profit.

JSDA

Here we go again got shaken out @ breakeven today, had my next order in for 21.01 it was pulling back nicely should have gotten filled then they spoke of it on CNBC and it shot straight back up. Another "oh well"

x

covered 106.59

looks like it's headed for 106.05

X

Well they got me again (high ticked) stopped out @ 109.84, they got half my position however I'm sure they will be looking to get the other half of this next week. They seem to get more of my positions when I'm away from the computer. I may stop blogging just to help keep my positions out of the public light. lol

It's only paranoia if it's not actually happening.

Reminder

Reminder to myself, STOP counter trading the strongest stocks in the market.

IGT

IGT is breaking to the upside in a huge fashion today. Right sector today not necessarily the right stocks however TRMP is treating me well for the moment.

X

they did it again as soon as my trigger was set, X reversed to the upside.

LVS

Stopped out 77.5, breakeven trade

Trump

TRMP, bought a position in Trump @ 14.40, afterhours.

Well it was TRMP or MRVL in ah, should've played MRVL

review

Well on the first LVS trade -39cents
re-entered with a smaller position @ 77.30
X, short @ 109.16

Will be leaving early tomorrow.

the market

the market is fixed I'm convinced of it, twice today now, as soon as i set my stop the stock reverses and heads right to the stop price level, simply amazing. lol

LVS

stopped out, as soon as i set my stop it retraced right to it and now is hesitating.

LVS

Who's kiddin who this one is in a serious downtrend be careful.

Let me add I received a horrible fill on a market order from my online broker

LVS

Started a small position , will keep a tight leash on this one.

X

Got stopped out 108.30

Looking for new setups

unbelievable

Never sleep always be ready to trade.

X

short @ 111.34, tight stop

?

Another failed trade, specifically MRVL, didn't lose but didn't win although i could have made some money had i got out on one of it's two spikes. Right now i think my best option is to daytrade a couple large positions to build my account back up. There won't be a lot of catalysts over the next week that are obvious. I won't be around tomorrow but may get into a trade with a break even stop at the start of the day. With such a strong stock like us steel i should have taken what was offered to me and sold for a 1.20 gain, hindsight is 20/20, hehehehe.

Review

I have not been trading well. I have left money on the table in almost every trade when i should be tightening the stops .

QID, hedge

x

covered + 86 cents, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

MRVL

stopped out, + pennies.

Dip buyers

The dip buyers are still active, about to be stopped out of MRVL.

X

short some X, very risky trade.

MRVL

Look to sell all of MRVL before the close on Wednesday.

X

shorted X trade is over + 80 cents

x

Stopped out. -45 cents

market

in ther first hour the dip buyers reversed half of yesterdays selloff. impressive!

market

in the first hour the dip buyers reversed half of yesterdays selloff. impressive!

X

there appears to be some gap support be careful!

X

short 111.58, tight stop

Review

Today was the only day this week that I've been able to put in a full day.
The market sold off, and tomorrow doesn't look to be that great either, I'm guessing a lot of sell orders will take us down at the open and then some sideways action the rest of the day, again I will be leaving after the first 1 1/2 hours of trading.

LVS will most likely move to the 73.5o range within the next week or so where I may become interested in it.
Watching DRYS for a possible shortsided daytrade.
NYX, looking for a long sided daytrade, looks better at the 81ish level.

MRVL, stops in place
QID, hedge

X

Stopped out 110.35, + $1.87

MRVL

Heavy selling pressure. Looks like a reversal but may just be a fake out, possibly nerves in front of earnings. I'm not exactly sure. Best way to handle this is sell and wait till after earnings. I wish that was what i was going to do.

X

Short some X @ 112.22, i will be quick to cover if it goes against me.
LVS, i did not enter due to my belief that it will be a negative day however i might buy a piece time will tell.

LVS

I will be watching LVS tommorow for a possible reversal that may get started.

MRVL

Looks like MRVL received a $23.00 price target. (unconfirmed at this point), chart looks fine.
Breakeven daytrade in X. (countertrend trade).

DIVX

Stopped out of the last 1/3 of position. OUCH!

Quick review

CHS, sold on the spike +1.09, tried to re-enter @ 26.00 but it never reached that level again, will review the chart further tomorrow.

MRVL, doubled up will look to set up some trade triggers as I will be gone until Wednesday the 9th's session.

Got stopped out on a short of X today, yeah yeah yeah @105.8 stopped me out and reversed hard it would have been nice, OH WELL.

MRVL

added to the position 100%.

Lost a bit in a daytrade of X.

unbelieveable

Here it goes again i was low ticked out of 2/3 of my position in DIVX, hit my trade trigger @16.80.

Short

there are a lot of great short setups starting to appear!

today

Yesterday i left early and today I'm leaving early, all my positions are under performing this morning. Stops set. Will get a full day tomorrow.

da bears

the bears are firmly in control of DIVX.

summary

CHS, breakeven stop
MRVL, stop under 16.
DIVX, lose sleep anywhere under 20.
QID, waiting for pullback.

DIVX

Well wallstreet has spoken and it's not friendly to DIVX, my guess is that a company that offers it's software for free is not what produces big enough profits. I may have to take a hit in this and just move on, it may take a few quarters for this stock to change direction again.

DIVX

filled @ 17.90 in ah

DIVX

divx down in afterhours, ouch!
tried to buy some @18.3 was not filled though

CHS

started a position in CHS.

WFR

had to exit WFR i was not adequately able to protect myself inside this pattern .
If it comes back down i will re-enter.

WFR

jumped out at even i was way too slow on the buy, no position.

WFR

waited a bit to long to enter my fault in WFR@52.92

Holding steady

Holding steady for now stops set, DIVX will report after the close today, MRVL is moving sideways, QID may take some off the table today maybe 25 to 50 %.

WFR

WFR is at a primary buy point here at 54.5, the secondary buy point is at 52ish, i'm going to let this market cool first though.

MRVL

SET STOPS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

early

this morning i'm watching BIDU, GSF, ICE

MRVL

trading lesson #1 is to "not fight the trend." whew!

MRVL

set a trade trigger to sell 1/2 of position in mrvl below 16.00

DIVX

DIVX, will wander until there is some resolution to the CFO issue.

MRVL

MRVL is setting up for a move maybe today maybe next week.

Who's kiddin who the best play is to wait for the move and jump on board, however i will continue to hold unless the move is to the downside. ( and if i can manage to get out quickly.)

cover

Covered X , + $2.41

It came within 13 cents of my trade trigger and started to reverse so i hit the cover button and they filled me 17 cents higher, unreal............................

Today

I don't for see any changes to the portfolio unless a big move is made in any of the holdings.
If anything maybe i'll cover X if it manages another dollar of downside.
I will give MRVL a little movement may set stop down further to 16.16. The SMH is setting up and MRVL is part of that VESA is moving up big today, BRCM is off a bit in premarket. I believe that accounting changes aside MRVL has some huge upside,,,,,,,,if....................you know.
Oh and watch out for a rinse in X to the upside remove stop and reset after the open.

DIVX

DIVX article link posted in articles of interest to the left.

buyers

The buyers aren't even letting the food hit the water before they swim up and feed.
Traders generally let prices come back a bit before entering.

MRVL

MRVL long @ 16.75 stop should be at 16.38

X

set stop to cover above 105.

If you can get 2 dollars i would exit.

DIVX

DIVX may find a bounce point between 20 and 20.50.

Dip buyers

The dip buyers are not wasting any time , and just like that we are green again.
The best thing here may just to sit on the sidlines and wait for better conditions.
I'm not on the sidelines yet, but that would be best.


8:310 am update, the dip buyers are still busy!

X

Short some X @ 104.67, let me add that my short trades have been underperforming as of late

X

refer to my earlier post take a break.

Break

I should just take a break.

oh well

u win some and u lose some.

Yes i will lose sleep over the iyr.

The volatility in the iyr is suggesting to me it is about to make a move which way i don't know.

DIVX

couldn't resist more @ 21 .14

IYR

This is why i hate using stops. stopped out on a thin white line. amazing because i had my initial stop at 88.71 and as u can see it rinsed to 88.72 but moments earlier i moved my stop to 88.18 and was stopped at 87.98.

DIVX

Well my 2nd entry point on DIVX was hit however it happened to be in after hours so needless to say i still have a small position. With the cfo leaving for what appears to be personal reasons i will continue to hold , but don't see a quick recovery, if numbers are released as projected divx should recover to at least current levels.

Stops set

Will set some stops as i have to leave for the rest of the day.

DIVX

Picked up a small position in DIVX and also put a limit buy order a bit lower then where it's currently at.

Today

The IYR is trying to tell me something.

Just daytraded ATI on the short side got $1.60.

Watching for anything else.

IYR

I was high ticked out of 1/2 of my position in the IYR, the trade trigger was found and activated @ 88.06, Unbelievable.

Well for the time being lets let the market do whatever it wants to and wait for better setups.
Yes there are some bullish and bearish setups but at these levels i think waiting will pay bigger dividends in the short term.
Good Luck and Good Trading.

Stops

Set stops for 50% exit above and below existing positions.

Play any new positions with fairly tight stops. This market can go either direction.

ACI

sold my small position in ACI @36.10 +$1.10
Looked to me like a low volume pop at the open.


7:26am i hate when that happens, wow did i miss a bunch, sold too quickly.

Real Estate Appraisal

http://www.marketwatch.com/news/story/story.aspx?guid=%7B1E820E1D%2DE0FF%2D43D8%2DA052%2D6CDCEAE6300B%7D

excellent article from marketwatch on the appraisal business.

Humm?

well nothing this week.
I'm watching a lot of stocks, no great setups but there are some so so setups.
Next week will be another opportunity.



IYR, Short
QID, long
ACI, long

QID

Took a 15 cent hit on half the shares.

Let me add I sold at market and recieved a bad fill at least 4 cents off.

Gap

Gap up in the indicies.
QID plan remains the same close to even and i will sell the shares i added yeterday ( 1/2 of total)
IYR set a trailing stop for 1/2 the shares about 75 cents higher than present.
ACI, set a stop under yesterdays low, it may very well be hit today.

Slug fest

Wow what a slug fest, bulls n bears had it out today.


Let's return tommorow to see what will happen next.

IYR, short
QID, double sized hedge, will unload half tommorow if it gets near my entry point from today.
ACI, long, removed my stop going into the close, the stop would have been hit. will decide in the morning how i will play this.

QID

added for a quick trade will not hold long.


11.12:am update stop placed in QID about 11 cents lower


ACI stop at breakeven.

ACI

started a small position in ACI.

Interesting

This should get interesting today.

I will be looking to get back in to DIVX around 22 or lower.


6:37 am update SGP rally on earnings,
BBH showing something.

Bulls

The bulls are relentless.
Holding steady so far today.

CSX

There may be some action in CSX today most likely off it's earnings call.

6:53am update LVS and WYNN seeing some action today also.

Euphoric

We've had a very euphoric rally leading into earnings.


Yes I was poorly positioned and clearly not expecting a four day rally.

Are?

Are the bulls getting tired?

Whew

Whew. Bull stampede.

sold divx it was a small position, will look to get back in.

I should do as i say not as i do.
IYR no shares available to short that may explain why it is going straight up.

Changes

NO changes to the holding's.
IYR short
QID, long (hehehe)
DIVX, long

BSC, ICE

BSC and ICE will have small gaps up I may look for intraday trades in these two.

Stubborn

This is no time to be stubborn with open positions, if the market opens strong tomorrow I will most likely exit the QID, if it's not strong, most likely i will give it some time. Monday mornings usually open with a bang, especially with the mergers that have been taking place as of late. I will be checking the IYR for underlying strength, I will not hesitate to cover quickly and re-enter at higher levels. In DIVX I will look to add on any encroachments of the gap.


QID, do i think the market will give me a profit in the trade? YES Yes yes, soon? maybe.
IYR, it should continue down but possibly from a higher level.
DIVX, a superslow buildup in this position, unless conditions change.


Lots of positive chart patterns out there, i will be looking to keep most trades on a very short timeline, and a short leash. I'm liking the health care sector and some energy's, not to mention select tech. There are some strong charts in individual stocks though also.


As always Remember......... "When conditions change so do opinions"

UFO Identified

The UFO's were the stocks in the DOW an NASDAQ. YIKES!

I wish

I wish I had been more bullish, entered some trade triggers for the holdings.

UFO - Unidentified flying object - Big UFO

Location unknown... http://vatesnews.blogspot.com/ Trading foreign markets may take special skills.

Intraday trades

I'm leaving a hour early today and very early on Friday. At this time it appears the bulls are still very active there were a ton of good intraday trades to be found, I'm not building any large positions due to my time away.

IYR, short
QID, hedge w/small position
DIVX, tiny position

Moving slowly

Just jumped back in the QID with small position more like a hedge.

IYR, still short.

QID

Removed a dollar and 4 cents out of the QID.

DIVX

started a tiny position in DIVX @21.88, and put a buy limit order down at 21.25 for more.


The problem with small positions as in QID even with the move this morning there was not enough profit to warrant a sale.

IYR

Added a small bite more of IYR on the short side.

Market

Lower volume is taking this market higher, there may be a bit more upside especially if earnings are generally positive.

IYR, short a small position, i have a few ways to play this holding.

QID, started a small position in this today, i will bail if market starts to rally.

I didn't see a lot of good setups in stocks today, i think the best policy here is to wait for a market move on good volume before building positions.

INTC

Just sold my INTC, i will keep an eye on it though for possible re-entry.

Looking for new setup to jump back in DIVX.

The market may be ready to take a small break.

DIVX

DIVX up big over 2.50 in afterhours trading, positive earnings guidance.

IYR

The IYR will either break through to the upside through it's downtrend line or fail, i'm guessing it will fail within the next few days. short IYR

Action

There is quite a bit of action this morning, however i am waiting for a bit more confirmation of overall market direction.

Holding's summary

SIRF sold @ 29.37, I will check back with sirf monday for any trade setup.

INTC, still holding

DIVX, it's still drifting no real direction.

ACI, sold position @ 34.58, set buy order for re-entry @33.75 however it never got filled today.


Three day break from Trading.

Thursday morning

Still holding with a couple of stops to protect profits.

Holding steady

Holding steady waiting for some clear direction signals.

No trend

A lot of the stocks I'M Following seem to be printing one day up one day down patterns. Choppy trading.

ICE

The bears are pounding ICE this morning even with the positive earnings outlook. Humm?

Tough market, so so choices

Let me say that my directional choices (whether moving up or moving down) has been less then perfect lately way too many holdings are fractionaly lower then where i bought them, let me say my timing is still good I'm buying minutes before they start moving, all be it in the other direction. ie: ACI three days ago, and today i shorted ATI again, just before the big volume piled in about an hour before the close. SIRF had a time of it today, as did DIVX. Well i held ACI as opposed to buying more and selling into the breakeven zone this morning, held INTC as opposed to taking a dime loss.


ICE made a nice move today, i was busy watching my charts, and didn't notice it until it was was trading@ 126.60, i'll get the trade next time (hehehe). There are quite a few stocks making small moves if your looking for intraday trades.

Market

More choppy trading today.
No trades of note.

overview of current holdings

INTC, I bought this knowing it's a slow mover, well it's putting me to sleep. I haven't even tried to trade Intel in well over 2 and a 1/2 years. I believe it will go up here ( if not down and then up) but will most likely unload it and put the money to use elsewhere.


SIRF, Holding this one unless catastrophe strikes.

DIVX, I may be putting too much faith in this one due to it being one of my seven long term stock investments. Not enough bulls in this one to trade effectively, I will continue to hold , but will keep a careful eye on it, not to mention a hard stop.

ACI, what a mistake this trade was, i was anticipating a bullish style reversal but got the opposite, did anyone see the ultra bearish reversal at 31.35, yikes, i will either unload this for a small loss or try and trade my way out for a 10 to 20 cent loss if possible.


I will take a few day trades or overnight trades this week.
Stocks i'm watching NYX, BSC, ICE, ATI and a few others.
I'll trade em as I see em.

ATI

A Trade Trigger covered my short @105.95, i will revisit this stock when trading begins on monday.

Friday

It's Friday and i have to leave early.
Choppy markets today which should be best for daytrading.
I will set a couple of hard stops to prevent any massive losses, just in case.

Metals

The steel makers are recieving a lot of upgrades this am.

Review

INTC, came back strong in the later stages of todays trading.
SIRF, held it's own
DIVX, pulled back and took a third of my shares, will continue to hold a decent sized position, also i will add at lower levels.
ACI, i started a position, this is a slow mover that immediatly pulled back, i will unload this one if it doesn't start moving up soooooooon.
ATI, added a bit more on the short side @107.96, very very risky



overall the account stood up fairly well, i will not allow a huge drawdown in my account though.

BSC

BSC seems to be holding it's strength the overall market seems to be weakening

Lost access

Lost my internet access from about 20 minutes into the trading day to 5 minutes ago, NOT GOOD!

Select strength

Let's see which stocks keep running and which ones don't.

Holdings summary

INTC a bit concerning however i'm not about to give up on it yet.
SIRF made a solid reversal off it's short term support level @26.43, today's action post bounce is a bit more constructive than the prior 2 days.
DIVX the volume is lightening up a bit, with a strong green day in the overall market i believe this will get up and run, without overall market strength DIVX may just drift around, no DIVX does not track the market.


Re-entered ATI on the short side @106.26


I left about 2 hours early today, therefore my read on tommorows action may be incomplete.

Tommorow looks like more of what we saw today.

ATI

covered my ATI short a bit too soon it seems 105.10

BZH

out of beazer @28.60

Beazer

Started a small position in BZH @26.10 in afterhours, anyways this should be interesting tommorow morning, yes it feels a bit like gambling which is something i really try to avoid so there is no explaining this purchase except to say " watch all the short sellers cover in the am"

Beazer Homes

Yes, let me watch BZH tommorow for a quick trade, it's @ 26.03 right now in AH's. FBI probe of mortgage practices at BZH.

Added yet some more DIVX @20.53 ,


Still holding INTC, DIVX, SIRF.
Short ATI @107.07, this is still one of the most bullish stocks in the market, very very risky to short here it's a small position and i will add to it if it retests it breakout level and fails.

SIRF started to look strong early on in the trading day but ran into resistance and sold off.

Dip buyers

The dip buyers aren't moving many stocks today, i will start to look for more potential short entries, however i will scale in slowly. No clear direction for this market most likely we will see some minor swings back and forth.

ATI

Just shorted some ATI , I consider this a very risky trade.

Nice reversal in the indices

Wow what a climb back from the lows of this morning, NYX was about the strongest stock that i was watching today. I do not trust this move to continue too much higher, some nervous bears covering most likely helped today.

Added more DIVX @ 20.54, will set a stop prior to market opening tommorow.

Still holding SIRF and INTC.

Friday morning

Was stopped out of NYX @88.12
Sold my BP @ 63.64

Thoughts

Let me expand on what I see in the IYR it looks as though resistance is at the 89.00 level if it makes it through that it will violate the short setup for now.

SIRF well if it sticks this level too long the gravity may take it down.

INTC this is a slow mover and without some catalyst it may trend down 75 cents.

DIVX looks as though the character of this stock may be changing, it's very loaded up with bears and I don't expect an easy resolution to it.

Just watching

There were some nice moves in JOYG and VMC today.
I've got my eye on the IYR for a move, maybe to the downside.


I waited until the close to start a position in NYX @ 87.10.

Positive reaction to the fed

Well still holding the same as i was the past week.


Did add to my long term portfolio which i don't referance to on this blog usually. added DIVX to my exsisting shares @ 18.69.

I'm going to look towards stocks like VIP, NYX, VMC, VSEA ,WFR over the next week.

Market day

Well I'm leaving early today I might put in 3 hours, I'm anticipating that not a whole lot will happen today in front of the fed, so it's wait and see time.

NVEC popped on some patent news, LEND is up on some buyout news in the subprime sector.

Market

There isn't much happening under the tracking indexes, Looks like a bit of short covering.


Well i may have jumped early today on SIRF, in with a starting position @28.25

Correction

Sirf .13 trailing stop set at 27.67

Bearisky

Most bullish setups have been failing all week, yes that's frustrating. Most bearish setups aren't offering up much either. Time frames are very short for trades. I don't want to start building up positions here i believe there are better setups on the way. I'm 33% cash but wish it was more.

Set a trailing stop of .13 when SIRF was at 24.67 was stopped out in short order.

Still holding BP, INTC, DIVX

This market is for daytrading, eh? Wow did you check LEND, I was watching since yesterday afterhours , why didn't i trade it? I DON'T KNOW! The market is not giving clear signals currently seems very random.

Anyways Upon logging into my brokerage account this morning the first thing i noticed was that i still had a 100 shares of DIVX, wtf. Must have set stop quickly as i was in a hurry to leave yesterday morning. So i added 150 shares of DIVX @ 19.47, i would have sold but instead i just followed it throughout the day i have had some good successes trading DIVX.

Bought some SIRF @ 27.00.

Still holding INTC, BP.

Wed the 14th, i knew i would be leaving within the first hour of trading and then still started 15 minutes late anyway stx breakeven stop out, divx stopped out @20., nvec was intesesting when i fired up the computer it was at 26.30 ish but by the time i filled in the order it cratered to 25.944 so i just set a .26 trailing stop and on the next move was stopped out. more on my next blog.

Whew!

Well the selloff happened right on schedule with the S&P in the 1410 area.

STX pulled back and hit my stop @ 24.16. I jumped back in later in the day with a half position at 23.90.

DIVX moved up early and I set a trailing stop when it was at 20.72 it promptly pulled back and stopped me out, nice pop. Re-entered @20.00 with a 1/3 sized position.

Set a break even stop on ACI when it was at 30.60 it pulled back to 30.00 and hit my stop.

CMED stopped me out early.

Entered a half position in NVEC @25.92


Entered a small position in MPEL for a longer term trade I just want some exposure in that area.

Still holding INTC and BP.

Email Address

QuickHitTrader@hotmail.com

Trade 03/12/07

Well what a day first off got shaken out of AMGN for a loss fortunatly it was a small position.


Jumped on board STX @ 24.20
Doubled up on DIVX @ 19.59
Chased some CMED @ 23.95 , I shouldn't do that.
Jumped in on some ACI @ 29.90 near the close.

Still holding INTC.
Still holding BP.


Watching NVEC, TESS, VLO, SSYS and a few others.

First day posting here so it may take a couple more days to find a nice style of posting hope to include charts at a later date and one i forgot was in BP @ 60.85

Trades today 3/9/07

Sold my QID @ 56.20 , which i bought yesterday for 55.15 nice overnight pop!


Jumped late on AMGN bought today @60.80 this one has a tight stop i will be watching this pre-market monday.


Holdings: in DIVX @ 18.95 with a tight stop
In INTC with tight stop