• Long in RAX and ENZN

    Couple of new stocks that are in play for me today Rackspace Hosting (RAX) at $42.01 and Enzon Pharmaceuticals (ENZN) at $11.07. The latter of which is a good reminder why I tend to deplore swing-trading biotech stocks, as some random news peace happened to come out without notice (as they all do usually) and

    By |Published On: April 19, 2011|1 min read|

  • Long CROX and DISCK

    I closed out AMGN this morning at a 2.2% gain at $55.50. I also tightened my stop-loss in GLW to 19.66  to lock in my gains which is just below the day’s lows. My two new trades on the day are CROX and DISCK, which so far haven’t been very kind to me on

    By |Published On: April 15, 2011|0 min read|

  • 3 Trade Setups To Watch

    The market has done an admirable job of recovering off of its morning lows. The S&P tested the Fibonacci 38.2% retracement level and held it so far. I’ve jumped into one additional long position this morning – Adobe Systems (ADBE) at $34.40 and a stop-loss at $33.78. LONG: Adobe Systems (ADBE)

    By |Published On: April 14, 2011|0 min read|

  • Long BTU and AMLN

    The market gave us a nice open, but so far has been a huge disappointment since then. The only positive thing that has taken place so far is that it has reclaimed the 50-day moving average, but even that MA has proved to offer little support/resistance of late. I did add two new trades to

    By |Published On: April 13, 2011|1 min read|

  • Long HD and AMGN

    I have two new trades this morning that I jumped into with a tight leash, and while I may be swimming up stream here, I have seen plenty of times since the March ’09 recovery lows, where the market begins to break down and before you know it, rallies in the face of impossibility. The

    By |Published On: April 12, 2011|1 min read|

  • Long ADBE At $34.40

    I’ve Made one new trade so far today, not including my stop-out in Ford (F) at $15.14. I went long Adobe (ADBE) at $34.40. So far so good, if the market can keep from dropping lower today, the stock should continue to progress nicely, particularly if the volume levels we are seeing so far

    By |Published On: April 11, 2011|0 min read|

  • Long GFI At $18.33

    I took a long position at $18.33 on a nice cup and handle breakout with a stop at $17.97. The market this morning is trying to get back to that 1332 trading range, and seems absolutely magnetized to that number which also represents the previous lower-high.Overall today and for this week as well, the market

    By |Published On: April 8, 2011|0 min read|

  • Long SVM At $15.05

    Market is trying to shake some traders out of their positions in the early going. Not a lot of direction, but I don’t find that to be reason not to put on descent long setups in trades that have good risk reward setups. I’ve added Silvercorp Metals Inc. (SVM) at $15.05 to the portfolio. I’m

    By |Published On: April 4, 2011|1 min read|

  • Long in HD and SU

    Two new trades, though neither have moved much since getting in to, with the first being in Suncor Energy (SU), which is forming a nice cup and handle.

    By |Published On: April 1, 2011|1 min read|

  • Long AA at $17.25

    I’ve made a couple of trades this morning – the first was Brigham Exploration (BEXP) which I was in and out of so fast, that there wasn’t enough time to do a post. The second one was Alcoa (AA) which I went long at $17.25. I expect this to be just an intraday trade, based

    By |Published On: March 28, 2011|1 min read|