Wait and see

Waiting to see the reaction to earnings, AA this morning and INTC tomorrow should tell us more.

General Outlook

There should be a bit left in this move, however we cannot forget the fact that we are in a downtrending channel. Lower lows and lower highs confirm this. Keep trading time frames shorter and let the market prove itself. "IF" this market has legs there will be plenty of time to get bullish exposure.

CEDC

Well an interesting play that may have some upside would be CEDC, play it with a stop around 21.40.

Covered BIDU

Covered at 66.................. +5.14

Exited for profit, no other reason.

Covered ISRG

Out of ISRG @310.63.................................. +14.14


I locked in profits because I had them, my original buy to cover was at 309.

ISRG short

High risk trade Started a small short here on ISRG.

Short BIDU

I've been waiting to short BIDU and since it gapped lower today I thought I'd try it.

Heir Deadness

The markets not offering much today, it's a bit concerning. I'll keep an eye on my trades.

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"

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

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.

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.

SQNM

Sold @ 6.54, I will be looking for a re-entry on a pullback.

Consolidation

The number of stocks moving higher will greatly diminish here until we have some consolidation.

small lift in the markets

Ok I'll go out on a limb here and say it appears we will now rally to about 920 on the S&P.

AG stocks

POT and MOS and the other ag stocks are setting up for a move, keep your eye on them and trade with the direction. They should start to move next week.