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.