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.
Showing posts with label CRM. Show all posts
Showing posts with label CRM. Show all posts
Thursday, July 21, 2011
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
Wednesday, April 27, 2011
The rally continues
Today there was special attention for the Fed's press conference. In short: the interest rates stay near 0% and the Fed expect the economy to continue to recover. Furthermore, the 600 billion dollar bond buying program will end in June (as scheduled).
The market reacted positively by making new highs. The dollar however continued to go lower.
Gold reversed higher, but the gain was pale compared with the +6% gain silver achieved.
Swingtrades
I got stopped out of DANG, remaining part was sold at 24, average gain +6.70%.
I seem to do almost everything wrong, can't get a break, even with the tone of the market in my favor...:
Raised SL on VMW and got stopped out because of that: -4.17%.
Same for WLT: -2.85%.
I also got stopped out of CRM: -4.83%.
I sold BMRN early in the day because of earnings tomorrow: -1.02%. Had I waited till end of day, it would have been a +1.36% gain...
Got out of COO, should have sold some above 74, got out now just above BE.
Still holding GLNG and SNDK.
I got in a ES-future short trade when the market hit the 1346-1347 resistance. Got out for a small gain, after which the market reversed to new highs. A small positive note I guess...
The market reacted positively by making new highs. The dollar however continued to go lower.
Gold reversed higher, but the gain was pale compared with the +6% gain silver achieved.
Swingtrades
I got stopped out of DANG, remaining part was sold at 24, average gain +6.70%.
I seem to do almost everything wrong, can't get a break, even with the tone of the market in my favor...:
Raised SL on VMW and got stopped out because of that: -4.17%.
Same for WLT: -2.85%.
I also got stopped out of CRM: -4.83%.
I sold BMRN early in the day because of earnings tomorrow: -1.02%. Had I waited till end of day, it would have been a +1.36% gain...
Got out of COO, should have sold some above 74, got out now just above BE.
Still holding GLNG and SNDK.
I got in a ES-future short trade when the market hit the 1346-1347 resistance. Got out for a small gain, after which the market reversed to new highs. A small positive note I guess...
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.
Wednesday, April 20, 2011
Bulls gaining ground
Futures kept going higher yesterday after-hours and today during pre-market which resulted in a big gap up.
The tech sector was leading the market thanks to good earnings and a positive future view.
The Dow made new highs for the year and is leading S&P and NASDAQ.
Gold keeps going higher, still outperformed by silver.
Oil surged 3% ready to attack previous highs earlier this month.
Swingtrades
After the semis-action today, I sold my SMH-puts. Not expecting much downside here, after such a strong close with big volume and a higher high. Some consolidation or a small pullback would be nice though.
I sold 1/3 of my DANG-position pre-market with a 10% gain. I will keep the rest with a loose stop, giving it some room to wiggle and I would like to see it go to 28-30.
New positions (with loose stops); GLNG, VMW, CRM, CTXS and ROK.
No daytrades today.
The tech sector was leading the market thanks to good earnings and a positive future view.
The Dow made new highs for the year and is leading S&P and NASDAQ.
Gold keeps going higher, still outperformed by silver.
Oil surged 3% ready to attack previous highs earlier this month.
Swingtrades
After the semis-action today, I sold my SMH-puts. Not expecting much downside here, after such a strong close with big volume and a higher high. Some consolidation or a small pullback would be nice though.
I sold 1/3 of my DANG-position pre-market with a 10% gain. I will keep the rest with a loose stop, giving it some room to wiggle and I would like to see it go to 28-30.
New positions (with loose stops); GLNG, VMW, CRM, CTXS and ROK.
No daytrades today.
Monday, April 11, 2011
More downside
Markets are rolling over, the question now is, how far down will they go? Some major moving averages (20MA & 50MA) are right below us and may act as support.
Gold sold off, but not as hard as crude oil and silver. Oil lost +3% and silver 1.3%. A logical dip since all were significantly overbought.
Swingtrades
I closed my remaining swingtrades, those of today for breakeven. I also entered a trade in LO, ment as a swingtrade, on the break of the bullflag. But when the market started turning, I sold near breakeven, no need to fight the tape, we're probably going lower tomorrow, or stay in chopmode...
I bought May SPY 128-puts and will probably sell these tomorrow if markets keep heading south.
Daytrades
My first daytrade was in RIG, but my entry was bad. I was watching the 2m-chart (depicted below). But I should have checked with the 5m (and 15m as well). On the 5m-chart, the 9EMA was still far below price plus, R2-pivot was just above. Basing above a pivot would be more positive than basing under. In other words, this entry was far from good.
CAM was mentioned in the HCPG-newsletter as a support-trade. 54 was the number to look out for, which was the 100MA.
Price didn't bounce hard, maybe because the stock rather travelled lower along it's moving averages, instead of falling down on volume. Still, it was good enough for small gains although I hoped for more. Oh well, it will pay for another month of their newsletters!
Gold sold off, but not as hard as crude oil and silver. Oil lost +3% and silver 1.3%. A logical dip since all were significantly overbought.
Swingtrades
I closed my remaining swingtrades, those of today for breakeven. I also entered a trade in LO, ment as a swingtrade, on the break of the bullflag. But when the market started turning, I sold near breakeven, no need to fight the tape, we're probably going lower tomorrow, or stay in chopmode...
I bought May SPY 128-puts and will probably sell these tomorrow if markets keep heading south.
Daytrades
My first daytrade was in RIG, but my entry was bad. I was watching the 2m-chart (depicted below). But I should have checked with the 5m (and 15m as well). On the 5m-chart, the 9EMA was still far below price plus, R2-pivot was just above. Basing above a pivot would be more positive than basing under. In other words, this entry was far from good.
My entry in REE on the other hand, was very good, right after the hammer above 9EMA and R1 (although I missed an excellent opportunity at the open - see circle). I sold partial after the big volume spike up, the rest at breakeven. My SL was just above the 9EMA instead of below, again because I was paying more attention to the 2m-chart than the 5m. Let's not make a habit of that. By the way, my first target was 15.90...
The market rolled over intraday and I chose to go long TZA after a small pullback. Immediately, a spike up followed and I took partial gains. This time, I kept my stop under the 20EMA on the 5m-chart, but I got stopped out anyway. Of course, little after that, TZA went higher when the market tanked again.
CAM was mentioned in the HCPG-newsletter as a support-trade. 54 was the number to look out for, which was the 100MA.
Price didn't bounce hard, maybe because the stock rather travelled lower along it's moving averages, instead of falling down on volume. Still, it was good enough for small gains although I hoped for more. Oh well, it will pay for another month of their newsletters!
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