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