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.