Markets had another nice up day after relieving news about the European debt crisis and undetailed rumors about debt ceiling talks. A positive day for the indices, although Nasdaq and the Russell 2000-index are clearly lagging the Dow and S&P500. The latter two are now running into resistance, so some consolidation could follow.
Gold and silver pulled back while the euro went berserk on all the debt news, pulling the market up with it.
Trades
I got stopped out of PCLN (-2.35%) and AMZN (-1.9%) early on. And since they didn't rally with the market, I excited CHKP (+2.1% on first entry, -1.1% on the add) and GMCR (+2%). Back to 100% cash...
Noteworthy, MCP, REE and other rare earth metals rallied hard in the final hours of trading. It might be interesting to watch these closely the next couple of days.
Showing posts with label CHKP. Show all posts
Showing posts with label CHKP. Show all posts
Thursday, July 21, 2011
Wednesday 07/20: Consolidating
Most indices consolidated the gains from the previous day. Nasdaq gave back most, not surprising since it also ran up most lately. Today's action seems healthy for the bulls and we may see higher prices the next day(s).
Gold and silver recovered most of the losses from Tuesday and oil seems to be basing here (ready for a move up?). In the meantime, the euro is creeping higher, due to a lack of negative news about the European debt crisis, I guess.
Trades
Although the indices didn't pullback that much, some of my stocks did and I got stopped out of RAX (-2.3%), SOHU (-3.5%), VHC (-4.5%) and CRM (-3%). In hindsight, SOHU wasn't a good entry (too high above 13EMA, hugging the upper bollinger band), last Wednesday was the ideal entry. For RAX and VHC, they didn't rally with the other stocks/indices Tuesday afternoon, which wasn't a good sign. And CRM was ok, but it got rejected by the previous high.
So I didn't take advantage of the morning gap up, mostly since my gains were too small (<1R).
I'm still holding CHKP (took 1/4 of @59.72), GMCR (took 1/4 of @92.12) and AMZN.
New positions: PCLN long 535 and I added to CHKP per 59.94.
Gold and silver recovered most of the losses from Tuesday and oil seems to be basing here (ready for a move up?). In the meantime, the euro is creeping higher, due to a lack of negative news about the European debt crisis, I guess.
Trades
Although the indices didn't pullback that much, some of my stocks did and I got stopped out of RAX (-2.3%), SOHU (-3.5%), VHC (-4.5%) and CRM (-3%). In hindsight, SOHU wasn't a good entry (too high above 13EMA, hugging the upper bollinger band), last Wednesday was the ideal entry. For RAX and VHC, they didn't rally with the other stocks/indices Tuesday afternoon, which wasn't a good sign. And CRM was ok, but it got rejected by the previous high.
So I didn't take advantage of the morning gap up, mostly since my gains were too small (<1R).
I'm still holding CHKP (took 1/4 of @59.72), GMCR (took 1/4 of @92.12) and AMZN.
New positions: PCLN long 535 and I added to CHKP per 59.94.
Tuesday, July 19, 2011
Nice bounce today, bulls preparing for earnings?
Yesterday, support held and the bulls kept going today, indices are up 1.5-2%.
The early morning rally faded soon, but around lunch hour, the market started running again. At the same time, gold and silver sold off big.
The market got back a nice piece of the losses from the past 8 trading sessions. The bulls would like to see some confirmation tomorrow. Maybe earnings can help with that. After hours earnings include AAPL, ISRG, VMW, CMG, RVBD. While ISRG and VMW surprised to the upside, RVBD right now is selling off like crazy.
AAPL-numbers blew it out, but shares halted for now. AMZN is reacting well, up over 2 points AH.
Trades
I sold TZOO (earnings day after tomorrow) for +7.10% and got stopped out of JVA +6.51%. Holding CHKP.
I bought some more stocks today, got in VHC too soon though, and rather late in AMZN:
VHC long 37.85
SOHU long 84.49
CRM long 158.30
GMCR long 91.06, already took of 1/4 at 1R and 1/4 at 2R
RAX long 43.74
AMZN long 218.01
The early morning rally faded soon, but around lunch hour, the market started running again. At the same time, gold and silver sold off big.
The market got back a nice piece of the losses from the past 8 trading sessions. The bulls would like to see some confirmation tomorrow. Maybe earnings can help with that. After hours earnings include AAPL, ISRG, VMW, CMG, RVBD. While ISRG and VMW surprised to the upside, RVBD right now is selling off like crazy.
AAPL-numbers blew it out, but shares halted for now. AMZN is reacting well, up over 2 points AH.
Trades
I sold TZOO (earnings day after tomorrow) for +7.10% and got stopped out of JVA +6.51%. Holding CHKP.
I bought some more stocks today, got in VHC too soon though, and rather late in AMZN:
VHC long 37.85
SOHU long 84.49
CRM long 158.30
GMCR long 91.06, already took of 1/4 at 1R and 1/4 at 2R
RAX long 43.74
AMZN long 218.01
Monday, July 18, 2011
Lots of blood, but support holding (for now)
Indices went lower once more, but they all held their next support area. So some positive signs for the bulls here, although bears are still the big winners of course. We gave back about half the gains of the latest rally.
Meanwhile gold and silver keep rallying while financials keep bleeding.
Trades
I've bought 3 stocks today. TZOO and JVA went higher on big volume and CHKP was an earnings play.
The trades:
JVA long 21,44
TZOO long 80.90, took of 1/4 at 1R
CHKP long 58.70, took of 1/4 at 1R and 1/4 more at 2R
TZOO: earnings on Thursday, so I will be selling (most of) it tomorrow or the day after.
Meanwhile gold and silver keep rallying while financials keep bleeding.
Trades
I've bought 3 stocks today. TZOO and JVA went higher on big volume and CHKP was an earnings play.
The trades:
JVA long 21,44
TZOO long 80.90, took of 1/4 at 1R
CHKP long 58.70, took of 1/4 at 1R and 1/4 more at 2R
TZOO: earnings on Thursday, so I will be selling (most of) it tomorrow or the day after.
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