Netapp (NTAP)

February has been an awesome month for my swing-trading and I’m looking to close out the last two day’s of the month on a positive note.  Here’s a look at the stocks that I’ve closed out so far this month – and if you like what you see, then be sure to sign up for

While I like to focus on the positives 🙂 , it's vastly more important to look at the moves that don't work.  Sometimes there is no rhyme or reason.  These 2 puzzled me today as they didn't move in line with the rest of the nasdaq group.  They aren't on my absolute favorites list yet. 

Nice example...gap up, moves down, back up a bit and then slams through the low of the day after 10 am.  See more at www.talesofthedaytrade.blogspot.com  

Current Long Positions (stop-losses in parentheses): NTAP (52.45), PEP (69.75), RSH (15.93), STZ (22.20), CHKP (54.19), SSO (53.35) Current Short Positions (stop-losses in parentheses): None BIAS: 60% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am), Redbook (8:55am), Industrial Production (9:15am) My Observations and What to Expect:

Current Long Positions (stop-losses in parentheses): GOOG (528.75), NFLX June 270 Calls, AAPL (342.25), NTAP (52.45), B (24.64), PEP (69.75), APH (55.20), HPQ (40.65), RSH (15.93), STZ (22.20), CHKP (54.19), SSO (53.35) Current Short Positions (stop-losses in parentheses): None BIAS: 60% Long Economic Reports Due Out (Times are EST): Empire

Current Long Positions (stop-losses in parentheses): GOOG (528.75), NFLX June 270 Calls, AAPL (342.25), NTAP (52.45), B (24.64), PEP (69.75), APH (55.20), HPQ (40.65), RSH (15.93), STZ (22.20), CHKP (54.19) Current Short Positions (stop-losses in parentheses): None BIAS: 82% Long Economic Reports Due Out (Times are EST): Consumer Price Index

Current Long Positions (stop-losses in parentheses): GOOG (533.00), NFLX June 270 Calls, AAPL (343.95), NTAP (52.45), B (24.84), PEP (68.75), APH (55.20), HPQ (40.65), RSH (15.93) Current Short Positions (stop-losses in parentheses): None BIAS: 82% Long Economic Reports Due Out (Times are EST): Producer Price Index (8:30am), Retail Sales (8:30am),

Current Long Positions (stop-losses in parentheses): GOOG (533.00), NFLX June 270 Calls, AAPL (343.95), NTAP (52.45), TZOO (72.45), B (24.90), PEP (68.75), APH (55.20), HPQ (40.65), RSH (15.93) Current Short Positions (stop-losses in parentheses): None BIAS: 82% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), International

Current Long Positions (stop-losses in parentheses): GOOG (529.00), NFLX June 270 Calls, AAPL (343.95), AN (33.67), NTAP (50.98), TZOO (72.45), B (24.25) Current Short Positions: None BIAS: 52% Long Economic Reports Due Out (Times are EST): NFIB Small Business Optimism Index (7:30am), ICSC-Goldman Store Sales (7:45am), Import and Export Prices

Current Long Positions (stop-losses in parentheses): GOOG (529.00), NFLX June 270 Calls, AAPL (343.95), SSO (53.99), AN (33.67), SLV (32.99), NTAP (50.98) Current Short Positions (stop-losses in parentheses): None BIAS: 42% Long Economic Reports Due Out (Times are EST): None My Observations and What to Expect: Futures are slightly higher