Indices made new highs, only small caps (RUT) weren't, though they were leading the market in the beginning of the month.
Also notable, silver kept going lower after yesterday's reversal. Oil and gold did better, only down sligthly.
Swingtrades
I got out CTXS (+1.37%) and ROK (+0.17%) because of upcoming earnings. Also I was stopped out of BSFT (-6.73%). New positions opened in BMRN and COO.
I covered the SLV-puts I bought yesterday-morning for a nice %-gain (but small amount).
NFLX was down hard after earnings and seemed to bounce up in the morning. I got in $237.07 (average), sold half at 240.95 and the other half at 238.76 (raised SL).
Furthermore, I bought some ES-futures when price broke out the intraday bullflag. Only a small gain here after the 1345-level held as resistance.
No daytrades, I ment to swing NFLX and ES-futures, but stops got hit as said.
Showing posts with label BSFT. Show all posts
Showing posts with label BSFT. Show all posts
Tuesday, April 26, 2011
Monday, April 25, 2011
Silver reversal
Most notable was the overnight rise in silver (+6%) and than a big reversal just before the market opened.
Commodities in general did the same as silver (but less extreme).
Meanwhile markets managed to stay under their resistance zones. If prices can keep up these levels for a couple of days, higher prices could come soon.
Swingtrades
I added SNDK long. Still long DANG, CTXS, GLNG, VMW, ROK, WLT, CRM and BSFT.
No daytrades.
Commodities in general did the same as silver (but less extreme).
Meanwhile markets managed to stay under their resistance zones. If prices can keep up these levels for a couple of days, higher prices could come soon.
Swingtrades
I added SNDK long. Still long DANG, CTXS, GLNG, VMW, ROK, WLT, CRM and BSFT.
No daytrades.
Thursday, April 21, 2011
Rally, Part III
Monday everything looked bad after the big gap down, but since then, the only way was up.
Today we opened with a gap up, right under resistance (for S&P that is). The Dow made new highs and Nasdaq is not far behind, right under it's high of 02/18/11.
Ideally, Nasdaq and S&P need to confirm the new highs from the Dow soon. But since we went up so fast whole week long, some consolidation would be healthier if we want to see new highs in the future.
Silver had another huge day (+3.2%), gold and oil were only modestly green.
Swingtrades
I sold some more DANG (keeping 1/3) and added 2 positions: BSFT and WLT.
Daytrades
2 daytrades, BIIB and FFIV.
FFIV worked well at first, but didn't make it to my 110 target. I made the mistake to give it too much room (maybe should've raised my stop to BE) and got stopped out with a loss, after having a decent win.
BIIB was another story, I entered on top of the first bar. Ideal entry actually was after the break high of the 3rd bar. I peeled some of right under 105 and then saw price reverse just shy of my 2nd target, 107.5.
I got stopped out on the remaining part, still with an ok gain.
Today we opened with a gap up, right under resistance (for S&P that is). The Dow made new highs and Nasdaq is not far behind, right under it's high of 02/18/11.
Ideally, Nasdaq and S&P need to confirm the new highs from the Dow soon. But since we went up so fast whole week long, some consolidation would be healthier if we want to see new highs in the future.
Silver had another huge day (+3.2%), gold and oil were only modestly green.
Swingtrades
I sold some more DANG (keeping 1/3) and added 2 positions: BSFT and WLT.
Daytrades
2 daytrades, BIIB and FFIV.
FFIV worked well at first, but didn't make it to my 110 target. I made the mistake to give it too much room (maybe should've raised my stop to BE) and got stopped out with a loss, after having a decent win.
BIIB was another story, I entered on top of the first bar. Ideal entry actually was after the break high of the 3rd bar. I peeled some of right under 105 and then saw price reverse just shy of my 2nd target, 107.5.
I got stopped out on the remaining part, still with an ok gain.
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