No resolution

We are still grinding sideways with no clear direction, the bulls are persistent and the bears aren't pushing much.

BIDU

BIDU has become very worrisome, It's on a mission to move higher without a break looks like it may not come back to fill the gap until it hits the 89ish level. I have a small position BUT even that may have to be covered. This is the problem with shorting the strongest stock in the market.

More Green

ISE numbers release taking us higher.

Keeping on.

I fought the charts and the charts won, so far.

Government job numbers on Friday, this pop is most likely due to a combination of chart setup's and the ADP number.

Fill the gap

Tough market to get a read on, could go up could go down, yeah not very helpful with the info today. Keep position size down. I'm leaning for a small selloff to around dow 10,400 over the next few days.

short DIA

Started a small DIA short @ 106.44

Omg

Omg........... BIDU bulls still very active, no other action right now however if it takes out yesterdays high on large volume it may be prudent to cover.

BIDU short

Short BIDU smallish starter position @ 83.04 looking for a couple dollars.

out of CHK

CHK sold @ 21.61 beakeven trade, earnings tomorrow the markets up big it seemed like as good a time as any to exit.

Everyone is positioning

We've rallied hard to this point watch out for a bear trap. If we keep selling at this point the bulls are done for today. This is the pivotal point today.

SQM

This is another stock I've been watching for months it's already made a nice move but still it's technically strong. Actually this would make a good investment due to it's exposure to the lithium mining. I'm not jumping in here unless I see a good entry.

POT

Potash looks bullish here.

CHK

CHK if you want to play it safe get out now with a 20 cent loss however I will give my position just a bit more time. This stock has not taken off it's prolly best to move on.

XOM exit

Sold XOM I don't want to hold through earnings. Took a small profit.

Almost Never

I realize we've had a nice little rally here and the bears are waiting to slam it. I'm going out on a really thin limb here..............................But Never Short a Dull Market.

GLD

GLD in the 114.75 level looks like a short for small profits, however remember gold likes to gap around, it has a tendency to trap traders with small gaps.

Patience

Well at this point wait for the market to reveal it's next move, if you must trade keep position size small. Quick little whippy moves may keep traders with tight stops out of stock positions.

CHK

If CHK doesn't find some legs here it may see some more downside. Too many Bears. It tagged the underside of it's 50 ema and started selling off not a good sign.

Green

We are into another nice bounce here resistance levels on the DIA and SPY are still in play.


I won't be around to post again til the weekend.

ADBE

ADBE is looking interesting, however in a big selloff it would follow also.