• 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|

  • Short ALXN This Morning

    Only one trade to report this morning and that is in Alexion Pharmaceuticals (ALXN) at $93.47. I tried to get in to Varian Medical Systems as another short play, but my limit order was missed by $0.02! That happens from time to time.  Overall, the market is selling off after Wall Street got its hands

    By |Published On: March 23, 2011|0 min read|

  • Short SKS at $11.55

    I took a short position in Saks  Holdings (SKS) at at $11.55 today as it is clearly looking to move lower in the short-term. On the daily you have a breach of some serious price support, coupled with a double top and a break of the 100-day moving average. On the weekly, SKS is breaking

    By |Published On: March 22, 2011|1 min read|

  • Shorted More SPY at 1300

    I allocated some more of my portfolio to SPY on the pop that we are seeing this morning at $129.81. Between 1300 and 1302 there is a lot of technical resistance that should cause some headaches for the bulls to push through. On the Fibonacci retracements we’ve seen the the S&P give back +50%

    By |Published On: March 21, 2011|1 min read|

  • Traded FFIV Long At $106.60

    Jumped into FFIV earlier today at $106.60, and has done nothing but helped blunt the losses in PGH, KEY and a few other holdings. A few of the other stocks that I’ve traded today, was Apple (AAPL) at $345.81 and SPY at $130.42, both off of the 50-day moving averages, and when

    By |Published On: March 10, 2011|1 min read|

  • Long MPEL This Morning

    Took on one new position this morning in Melco Crown (MPEL) by going long in it at $7.43. On the day the market is looking a bit shakey today, trying to continue the day-to-day pattern of up-down-up-down-up-down. Stuck in a triangle pattern on the daily charts, the S&P looks like it is prime for an

    By |Published On: March 9, 2011|0 min read|

  • Long LIZ and IRC

    Two new trades to report this morning – I bought Liz Claiborne (LIZ) at $5.56 on a bull flag breakout after forming a double bottom of late. But I must say I had a hard time owning up to buying such a “mamby-pamby” stock, and may have to turn in my “Man-Card” after the

    By |Published On: March 8, 2011|1 min read|

  • MCP – A Descent Setup

    Nothing for the bulls to get excited about today, as the market is providing that rare follow through day on the previous day’s trading session. The best advice that I have right now is to resist the  urge to try and game this market today. Instead, wait for the indices to improve their current situation,

    By |Published On: March 7, 2011|1 min read|