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
Showing posts with label JVA. Show all posts
Showing posts with label JVA. Show all posts
Tuesday, July 19, 2011
Nice bounce today, bulls preparing for earnings?
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.
Subscribe to:
Posts (Atom)