Friday, June 25, 2010

DDM

So far DDM hasn't given me enough of a price differential to justify adding, I think I'll have to go into next week with my initial position.

XOM

XOM looks good to start a bounce around 59.20, I picked up a starter position @ 59.70

Game plan

Buy the early weakness in the index's this morning and unload into the rally next week. I have a job this morning so this strategy should work well. "hopefully"

Thursday, June 24, 2010

NFLX

Was stopped out on the bounce, for just pennies. Yes the $ 4.00 was available on the trade however I set stops.

DDM

Started a small position @ 41.81

Tuesday, June 22, 2010

DNDN

If DNDN drops a bit below it's 200 ema play it for a bounce. Around 32.90 but wait for it to start it's bounce.

NFLX

Short @ 117.25 .........looking for a 2 to 4 dollar trade.


Added more @ 119.68. Looks like shorting one of the most bullish stocks in the market may be a bad idea. Will be holding this one at least overnight.

Monday, June 21, 2010

Fast Changes at Stock Market High

The market is making the trading as tough as possible with quick turns, gaps, fades. Keep your time frames short take profits when there on your screen. There is too much global news that can send the market reeling. Scale in on pullbacks if your looking for longer term positions.