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"