?

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.