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...
Showing posts with label DANG. Show all posts
Showing posts with label DANG. Show all posts
Wednesday, April 27, 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.
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.
Tuesday, April 19, 2011
Moderate gains
The indices went up moderately, not enough to get rid of the bearish look they have right now.
But lots of market leaders are hitting new highs (even yesterday in a down market), so there still is hope the rally will continue.
Swingtrades
I closed my 3 swingtrades (BIDU, SOHU & NTES). Unfortunatelly a little too soon, more gains were possible.
I got in DANG @23.20 and holding this one for a couple of days/weeks, the stock closed strong on big volume!
No daytrades today.
But lots of market leaders are hitting new highs (even yesterday in a down market), so there still is hope the rally will continue.
Swingtrades
I closed my 3 swingtrades (BIDU, SOHU & NTES). Unfortunatelly a little too soon, more gains were possible.
I got in DANG @23.20 and holding this one for a couple of days/weeks, the stock closed strong on big volume!
No daytrades today.
Tuesday, March 22, 2011
Another narrow range day
The market didn't move much for the second day in a row. This indicates indecision, but also means markets are coiling, ready to explode to one side or the other. Now let's just wait and see which side this will be, up or down.
Daytrades
Three trades today, the first one from Stewie and two of my own.
First Stewie's, in ACI long on support 20MA & 50MA. I got out right before the close with a small gain. The stock was falling back to entry point and I didn't want to hold overnight, not worth the risk.
A missed a great call from Stewie, DANG. This one moved right from the start and ended strong (up +4% since the call!)
Second trade, long ARBA. I went in after the red hammer with SL just below. Got stopped out, price dropped 2 cent below my SL and then based and broke out. Ouch! I guess I got in too soon, next time better buy when price finds support on 20MA.
I went short STJ when price broke the 20MA. 2 mistakes: I was trading countertrend!! And second, better entry would have been the red hammers half an hour earlier. Of course, better not trade against the trend at all. I realised too late, but covered before my stoploss got hit.
The week hasn't started well for me and I kinda lost confidence today. Luckily I didn't react by overtrading or revenge trading. Instead I stayed out an monitored the day from there on. Although I did wanted to short FFIV at the break of the base (see chart below), but I saw it just a little too late and didn't want to chase price. That was a positive fact. Negative fact, I didn't make $1.50-2.00...
Tomorrow is another day!
Daytrades
Three trades today, the first one from Stewie and two of my own.
First Stewie's, in ACI long on support 20MA & 50MA. I got out right before the close with a small gain. The stock was falling back to entry point and I didn't want to hold overnight, not worth the risk.
A missed a great call from Stewie, DANG. This one moved right from the start and ended strong (up +4% since the call!)
Second trade, long ARBA. I went in after the red hammer with SL just below. Got stopped out, price dropped 2 cent below my SL and then based and broke out. Ouch! I guess I got in too soon, next time better buy when price finds support on 20MA.
I went short STJ when price broke the 20MA. 2 mistakes: I was trading countertrend!! And second, better entry would have been the red hammers half an hour earlier. Of course, better not trade against the trend at all. I realised too late, but covered before my stoploss got hit.
The week hasn't started well for me and I kinda lost confidence today. Luckily I didn't react by overtrading or revenge trading. Instead I stayed out an monitored the day from there on. Although I did wanted to short FFIV at the break of the base (see chart below), but I saw it just a little too late and didn't want to chase price. That was a positive fact. Negative fact, I didn't make $1.50-2.00...
Tomorrow is another day!
Subscribe to:
Posts (Atom)