As mentioned in the comments section yesterday, I unloaded a number of shorts and entered a few longs:I covered 100 shares of FSLR (short at $187.33) at $164.67 for a $2266 (+12.1%).I covered 200 shares of MON at $102.43 (short at $114.27) for a $2454 (+10.7%).I covered 75 shares of GS at 188.06 (short at... Continue Reading →
I added two shorts yesterday, AKAM and FCX. I also went long PBR, JASO and AAPL.Here are the stocks I've been keying on from my focus list:Long: PBR, USO, FLSR, CPLA, AAPL, HDB, MBT, RIG, ATK, MA, MON, MOS, AGU, JASO, AAPL, MTL, RSX, VIP, STP, POTShort: DRYS, TBSI, DSX, PHM, HOV, FXI, PCU, FCX,... Continue Reading →
Last night I created a video highlighting a few of my trades (MA, AAPL, GOOG, NOV). I had problems uploading, so the post is a little late. I have already taken profits in the NOV short.http://flash.revver.com/player/1.0/player.swf?mediaId=500455&affiliateId=93676Yesterday's trades:As noted in yesterday's video, I went into the week with my bear hat on. I don't trust this... Continue Reading →
NVDA broke out over a month long trading range yesterday, making new highs on strong volume. Voume patterns suggest accumulation. I used today's weakness for entry.I bought 400 shares at $38.52.
This morning I placed a buy stop for 100 shares of BIDU at $305, using my "buy the weakness" strategy for the stock. As you can see from the chart below, the stock dipped to $306 before rocketing to $318.Trading can be a frustrating game. I'm going to have to put this miss in the... Continue Reading →
I bought 300 shares of AEM at $46.85. I've been waiting for a pullback to support in gold and it looks like we've finally got one. Stochastics have reached extremely oversold levels and obv has dipped to a support level on low volume.There are a few reasons to be skeptical about this trade. It's always... Continue Reading →
I bought 100 shares of FWLT at $129.26. This is a small feeler position and I will buy more on a pullback into the $125-126 range. To the upside, I will buy more on a break of $135. Note that this is a position trade with a longer time frame than some of my recent... Continue Reading →
I entered MT this morning, buying 300 shares at $71.48. Stepping back from the trade, it looks like I may have entered a bit early.The last time MT had a similar breakout with a long price bar (early June), price action immediately pulled back to the breakout point before resuming the uptrend. The same thing... Continue Reading →