GLD, SLV

The only long side trades right here are GLD or SLV with very tight stops,,, For instance the SLV stop price@ 14.15 , small positions. GLD stop @ 92.67.

8600 Dow

Ok we've reached a key level on the Dow at 8600 let's see how this plays out a move higher would be miraculous. We most likely will see some profit taking around here.

Up and running

Went ahead and put 4gig of new memory in and this computer is like new again. Isa got to leave here for a while but over the next few days PBR may make a small move higher.

OFF

My main computer has been down and will remain down until it's fixed. So I have no access to my best charting programs. It's an on / off problem.

Public storage

If your going to play PSA on the long side keep a stop about a $ 1.00 below the 50 day ema.


Let me add that I have no idea which way this will trade going forward but as people continue to get evicted they may try to save some of their property at least temporarily by storing it at a storage facility, but the flip side is some others may be no longer able to pay their storage bills and let their property go to auction, Tough Call here.

ADBE

ADBE may be turning for a small move higher, tight stop.

eh

It's hard to take any positions this morning, let this selloff play out a bit and see where we are later today, look for stronger chart patterns.

General observations

Ok the best of the trading looks to be over here after the first thirty minutes. I'll be keeping an eye on it, maybe just maybe fading some of the excitment may work for some daytrades. If I see anything interesting I'll post again.

PCR

PCR continues to move higher current stop price would be @ 19.00.

SQNM

Yeah yeah yeah I'm gettin bitch slapped on my SQNM, however I've decided to hold this position until more news is released it could be fraud or it could be a situation that just needs more time and testing to resolve. The best strategy for positions in SQNM would be to sell now.

Daytrades only

Ok I'd be waiting until after the stress test results and labor numbers on Friday before initiating any positions. Daytrades only until Monday at the earliest.

STZ

I'm watching STZ very closely it appears to want to move higher very soon.

UNG

The UNG looks good right here time to get long. It's thick with bears so don't let this pull back too much on you set a stop around 13.80.

SQNM

SQNM at $5.90 here in after-hours looks like a very speculative purchase I'm considering.


OK I'm in @ $ 4.80, geez this is a gamble.

The market is setting up

This market is causing pain on both sides right now. This leads me to believe we will see a good size move here very soon. Bullish or Bearish does it really matter if your a trader? It also is obviously a stock pickers market, look for strong setup patterns then wait for the move to start and set your stops. Good Luck.

Financial Armageddon

Financial Armageddon is here I think it might be a good time to start scaling into the S&P at 686.

FCX

Freeport reports tomorrow morning I'd stand aside until after the release.

Buying

I would be buying the POT the CHK the MOS the FCX right here right now. Financial's should be avoided.

The safer way to play is The DIA, SPY, QQQQ and other ETF's.

Bears

The bears are running with impunity. This is a disaster.

Long trades

It looks like the current trade on the long side is in oil and natural gas. Possibly coal.

CRDC

I never thought we would see Cardica back at $9.00. ADD or Bail it's up to you.

Bounces

Financial' s aside there should be some excellent bounce plays today and even tomorrow.

SUN

SUNOCO still on fire here today.

Level

Critical level here at 1210 on the S & P. I wish everyone that's on the long side GOOD LUCK.

Market

Looks to me that we will be seeing a bounce here this week, things are just so oversold, remember were in a bear market so the bounce must be sold.

CRDC

Wow GREAT News on Cardica this morning.

Picked up some TSO near the close yesterday.

UNG

My stops are like magnets.

Anyways this market is offering nothing on the long side, maybe a bounce here for a quick flip.

Some Ideas

After the carnage is over here, look to medical devices, select biotech, education stocks, water stocks, not exclusively, but for longer term trades they show potential.


IHI, is already in the long term account @55 and change.
PHO in longer term account @ 19.

Tanking

The market is tanking badly today. Maintain some common sense if you dare delve into this market. Solar tanking Ag tanking and many many more.

HANS

I moved my stop up and then watched as HANS stopped dead in it's tracks reversed and proceeded to come down exactly to my stop.

Yikes

Yeah it's vicious in the markets today unless your a bear.

UNG

Watch for a bounce around 33.50

WPRT

Was just stopped out of WPRT -37 cents, amazing it spiked down to 12.09 where my stop was, it filled me at 12.23.

Heads up

Potential trades,
HANS around 27, start with a small position set stop around 26.40, Yes it looks like a risky trade.
AMZN 81 to 82 with a stop below Fridays low, keep position size down.

Don't let these sell off while your in the trade. Or wait for better conditions to start trading.

This weeks trades

AMZN sold yesterday @ 83.13 +1.10
SUN was stopped out of some earlier in the week , and took 3.00 in what was left small profit trade.
WPRT took a 1.05 yesterday, and re-entered on the pullback on a smaller size position @12.60
Took a very small trade in UNG yesterday +60 cents
And got 2.00 on UNG earlier in the week.

AMZN

AMZN starting a pilot position between 81 and 82. (Pilot= small)

Stocks in the energy complex are giving the best trading opportunity's at this point.

UNG

I'm starting another trade in UNG for a bounce here in @ 36.30. Be careful obviously this is a very bearish right now.

Today

This is not a market to let even your smallest gains go away. It looks like up moves have no continuation except for Solar and Oil. UNG selling right down to my stop, another one gets away. VLO testing the lows of yesterdays pullback after the strong move upward. AMZN well I am in wait and see mode.

UNG

UNG is moving up.

Today

VLO, continuation move above 35 looks promising.


AMZN. possible reversal @ 82. look to get long.

CRDC

I will be holding through the release tomorrow.

Small item

One thing that gives me concern is when the parade of pundits on the financial networks start saying in interviews that it's too late to sell positions as the worst of the correction is over. Well that may be, but a lot of stocks will continue lower.

YHOO

Stopped out @ 21.65 at the open.

YHOO

Blogger wasn't letting me in earlier.


Damn HANS got clobbered I was stopped out.

Bought some YHOO 21.97 w/tight stop.

HANS

I started a very small position in HANS @ 34.34 with room to add @ 33.90

HANS

I like HANS @ 33.90 however it seems to be bouncing early here @ 34.20

WU

Western Union has some good news out and I expect it to trend slowly to the upside.

Extreme selling

The bears are clearly in control here. I'm not trading much around here. Start looking for some bounce plays for quick trades.

CRDC

Nice accumulation day in Cardica. I'm still holding on this one.

Oil

Are you buying oil @ 132.00 a barrel?

EMC

Look for bears to cover off the VMW earnings.

YHOO

Looking to pick up a small position in Yahoo after-market @ 28.00

STT

STT looks interesting for a short side trade.

Weak markets continue

Very weak market, low volume, most moves get sold immediately. Keep most of your cash out right now and wait for greener pastures.

GE

The poor GE report has taken the wind from the sails, give it a few days to play out.

intraday

SNDK is looking strong, LRCX is moving up off the pullback, BRCM is recovering. Will any of it last?

EMC

The purchase of Iomega by EMC may put in a floor for the data storage sector.

Today

Stocks to watch, CROX, MELI, DRYS. On the short side UPS, FDX.

AG and the Steel stocks. Let the move in Solar cool just a bit.

Not expecting much from this market today, lets see how it develops though

NTAP

The market is not acting that well which in turn has limited the interest in NTAP. You may be able to buy at lower levels. But it has good support around the 21 to 21.50 level. You might sell and wait for strength.

NTAP

This a wicked pullback off the move on Friday. If 21.50 doesn't hold lookout.

NTAP

Started a position in NTAP @ 22.59, actually looks a bit risky here on Friday late in the trading day.

SNDK

I got a little nervous and sold my SNDK , nice gain!

Negativity

Too much negativity in the news with the jobs report. Wait and watch for the reaction to the actual release tomorrow. Keep position size down. Focus on the sectors that are acting better, ie: solar, ag, steel, Good Luck

Bears

The bears are starting to press aggressively, let's see what they bring.

SNDK

Going to try for some continuation in the SNDK move, long @ 24.88

LONG TERM.

Although this blog is for short term ideas, I started positions in PHO and IHI today for the long term account.

This market is PURE UGLY, GOOD LUCK.

SIRF

If you believe SIRF can turn itself around the stock is very attractive @ the $7.80 level.

ERTS

I like ERTS off the upgrade, 47 to 48 level for a couple dollars.

Tough Market

This is a tough market to trade, eh.

Rally

When the rally loses steam start to set some stops.

AAPL

AAPL may bounce off the 129ish level.

King

I'm not interested in trying to call a bottom in this market. Cash is KING. Only quick trades.

bababaBear Baby!

It will be a wild ride tomorrow.

CY, QQQQ

I picked up some CY with a fairly tight stop, and a position in the QQQQ for an overnight trade.

YES

Yeah it's time to put some money to work in your favorite stocks.

CY

CY at 25.00 are u kidding me?

DRYS

Whoa, got filled on my exit 20 cents below the last trade but sometimes a limit order on a day trade is risky. small winner.

DRYS

DRYS looks interesting for a short term trade.

AMD

AMD is trying to form a bottom off the Intel earnings call.

UGLY, bounce?

Its ugly, however we are setting up for a small bounce here while the dow is at 12450

Daytrading

What a massacre in the markets. I have just returned and have not had time to get a good read on the markets but the charts tell the story don't they.
I will not expect the markets to recover much or quickly. This appears to be daytrading time.

Wish I had sold my DISH however it is a very small position so I will continue to hold and look for a chance to scale in and then exit on a bounce. CRDC has held up well. EMC is holding, but I will unload should it continue down or add should it show strength. VNR holding.

spike

I'm inclined to believe the bears will overextend themselves soon and produce some sort of upward spike in the indices. The short side looks crowded but if enough fear is placed in the bull camp nothing will happen.

ACI

Yes I'm kicking myself for covering too soon @ 42.19............................uhggggggggggggggggggg

INTC

Had to buy some Intel INTC @ 22.43

Whoa

Yeah it's wicked, bounces all over the place but i doubt they will run very far. Some stocks are tempting however I will resist. I will be out for a week starting Tuesday. A VACATION.

Covered my Short on ACI, +++++++++++++++, big position
Took small hits in FLML, NTAP.


CRDC, bears are relentless, a bit of selling today also.

If possible

Stay on the sidelines if possible, and if your so inclined watch for some daytrades on the shortside. Wait for better conditions to start building any longer term positions.

NTAP

NTAP looks interesting here at the 25.00 level, with a tight stop.
STT breaking out.
HUM looking strong.
WFR interesting.
CY interesting.


CRDC the bears are still hard at work on this one.

Empty down under

There is nobody under this market looks like better prices will be coming soon.

Caution

Let me say that the charts I'm watching are looking horrible here this morning. Be cautious.

It's here.

Happy New YEAR!

End of year.

I won't be expecting too much from this market today, just keep any positions from turning into big loser's. Maybe a daytrade or two using small positions.

Not good

In this kind of trading environment it's all about being lucky.

watch out

Whoa!!!!!!!!!!!!!!!!!!!!!!!1 stocks all over the place

MPEL

MPEL off the 12.00 level looks interesting.
EMC got stopped out of 60% of my position breakeven, uhggggggg

Bears

The bears are pressing here.

EMC

EMC getting sold down on very low volume (9400) here in the premarket. With news of a purchase.

Mixed

Looks like another mixed day of trading where the institutional managers continue marking up their big winners even further, this environment is great for momo traders. POT, MOS show no quit then there are stocks with high p/e's GEOY 395, AMZN. and others. Solar stocks ripping.

Good Luck. And keep your stops in place.

EMC

I'm getting aggressive in EMC with some fairly tight stops in place.

Mixed

Looks like a tough day of sleighing ahead. Mixed trading with pockets of strength. I will only be looking for short term trades once again.

Move over

Geez the only way I would play this move so far is to sell short an extended stock for a quick daytrade. Good Luck