Wednesday, July 21, 2010

Wed

The futures are showing some more movement to the upside, I think the market moves a bit higher , and then we'll see some profit taking, lets hope it's light so we can consolidate a bit. Resistance on the DIA is about @ 104.00 SPY is 110.00

Tuesday, July 20, 2010

Possible strategy for today

Playing a weak open for a bounce appears to be a possible daytrade strategy today. Take profits quickly.

Monday, July 19, 2010

Monday am

The market is a bit jumpy here today, it's just trying to remind us that we should keep our timeframes short.


It's earnings season check for releases before jumping into a good looking trade setup.

Covered Apple

Took a small profit on Apple covered @ 243.49 +4.58


Well I didn't want to hold AAPL through earnings.

Sunday, July 18, 2010

Sunday's Opinion

My early Sunday take on next week's trading methodology will be a sell the rips type mindset for faster trades and buy the dips for slower more dangerous trades.

Rapid Trader reserves the right to change market strategy at any moment. Depending on market behavior.

Friday, July 16, 2010

AAPL

Will we get a sell the news reaction to Apple's press conference?

Would short any

I am on the lookout for any Chinese real estate stocks, any ideas?

GOOG

Google has moved even lower pre-market then where it moved after-market yesterday.

Gold and silver gapping lower in premarket.

Thursday, July 15, 2010

Late day

Late day rally, looks like it helped some individual stock charts look better the DIA and SPY would need a move higher with solid volume to confirm a move higher.

Keep loses small

Sell now and wait for the market to turn or scale in very very slowly. Lots of charts are starting to roll over. The market may have some more downside.

MY Bad

Should have waited for the release of the nat gas #'s, could of got a better entry. MY BAD.


Should of waited for the Dip buyers to do their thing on Tue's entry on AAPL.

XOM I still believe it has upside.

Inventory #'s

Nat gas inventory numbers due at 10:30 eastern time.

AAPL

Apple is still holding it's trendline, if it moves below Tuesday's low look for more downside.

Under Pressure

Energy is under some pressure here at the open, and the market is acting poorly.

I will hold on to CHK a bit longer if it starts moving much lower I may unload it and wait for market conditions to improve.
Holding XOM.
Holding AAPL short.

Wednesday, July 14, 2010

CHK

Bought a small position in CHK........ due to chart pattern. @21.39

Food for thought

The up in the market feels a little bit leftover. We'll see.

Tuesday, July 13, 2010

AAPL

Geez i guess i'll run to the store and pick up some duct tape, that should save this trade.

AAPL

Got Short a small piece of APPLE comp @248.07

Monday, July 12, 2010

XOM

Exxon looks interesting on the long side, however if it makes a purchase of another company expect it to pull back a bit.

SLX

Considering SLX for a quick 2.00 drop, I'll see how it reacts at it's first little intraday bounce.