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