Thursday, March 18, 2010

Sitting, Waiting, Wishing

Fell asleep today after a 15mi bike ride, woke up few hours ago. Sorry for the lateness! Anywho, I'll be waiting on the market to make some kind of move to lead me into what I should be doing. S&P doji's while the DJ went up, but broke its January highs today and held. Sort of expect the DJ to lag a little based on what's been happening with it lately.

To keep myself from being bored to death, I'll prob jump into a couple small caps if they look nice - but I didn't enter anything today.

Wednesday, March 17, 2010

St. Patricks day!

Good breakouts today on some pretty good volume. Although it's St Patty's and its time to party :D. See you on the other side!

Tuesday, March 16, 2010

Another day, another dollar I wasn't too happy where things were sitting at with almost every stock price for the most part. Today things are a little different. One that I'll be watching tomorrow is DKS. It had a break out today with some good volume behind it. Ran through my base watchlists, and that's the one I'm liking most. As for pullbacks after breaks, I'll also be watching MHK, PCAR, THOR, VLO, AXLN, RIMM, ROST, and GE. There have been a good amount of patterns looking like they're ready to break. MRVL, MEE, MTL and BTU. POT also looking nice, retesting its last break.

That's it tonight for me. I'm still searching around for more setups I like, but have somewhat of a decent list for now!

Monday, March 15, 2010

Nothing spectacular

Not much to talk about today. Opened a couple put positions on KLAC and JRCC. GOOG dropped, while BIDU went up on news. S&P retests new highs. Otherwise, I'm still waiting on good confirmation on whats going on.

Sunday, March 14, 2010

Slim bull pickin's

From what I have in my watchlists, the pickin's for bulls are really slim / far too risky. I guess that's apparent considering we have about two weeks of pure uptrend. Bears on the other hand, are looking like a dime a dozen. There's a lot of channel setups, with the price sitting at the very top of it for some pretty easy risk:reward ratios. Though I'm still waiting for confirmation on anything before I dive back in. Short entry for me today, had a leg day workout at the gym and my brain is fried! 

Oh ya- don't forget to set your clocks if you didn't!


Friday, March 12, 2010

Sold off into strength

Yesterday and today's early markets dropped, and recovered towards the end of the day. To me thats a bit of indecision in the market, along with the S&P closing lower today. When you aren't sure, cash is king! I ended up selling off a few positions that closed on indecision. The notable ones were LVS and YUM. I'm still long in BBT and WLP, and my put on AEM recovered half the loss of yesterday, today. With the rain coming down this weekend, it doesn't look too eventful outdoors for me :<. I'll have market updates and watchlists up before Monday!

Have a good weekend!

Thursday, March 11, 2010

Light Volume, Bulls say No Prob!

The volume lately has been getting slightly lower day by day as well as the RSI / McClellan, yet the prices still keep rising! Now I'm not saying that's a bad thing. If you're long, you probably aren't complaining either since we're all just stacking chips. Just be aware that eventually, its gotta come back down, and hopefully we all aren't too deep in position when it comes.

There was a slight scare early this morning for me though. First 30 minutes of opening bell, DJ dropped to about 10,505 or so. The hour before closing, DJ jumped 50 points and well the day ended well cause my portfolio went positive.

Anyway, I didn't enter any new positions today, but I didnt close any either, including the AEM that I bought puts on yesterday. GOOG and BIDU seem to be rising nicely, though the censoring decision can change everything. GE is mid-stride of an ascending triangle and closing on a doji today. QQQQ is continuing its breakout today, though on less than favorable volume. POT is down 1% on 50% volume during trading hours, but if you check right now- they are up 7.2% on after hours trading. +8.56 on about 71k volume. Might want to keep an eye on where thats going tomorrow.