Good and bad news

The good news first: we held support and some indices even managed to put in a tiny gain. The bad news: we're not safe yet, not by a long shot. However, support-buys seemed to work better today than they did yesterday.

Swingtrades
I tried a few swingtrades with tiny positions. NVLS didn't work (rejected by the 5EMA), but I'm still in PTIE (entry 9.35) and SABA (in 9.34). I went long IWM when it started to turn up from the low (and it's 50MA). Price rallied untill the next pivot-point and than fell back a little. I scaled out most of my position, but will swing a small size in case we get a higher open tomorrow. I also sold some April 83-calls to have more cushion, limiting my upside as well as the downside. Expiration is this Friday, so if we stay under 83, I can keep the premium and stay in the trade unless it falls under my entry (SL now near BE).

Daytrades
Only one daytrade, EXK. When I spotted the stock in my scans, it was already up from the ideal entry-point but I entered anyway. I had a good feeling about it, price bounced nicely from the 5EMA on the 15m-chart and from the intraday-high from yesterday afternoon. A nice rally followed and I took partial profits near the ORH. I hoped the stock would go to R2 (@11.89), but 11.64 was the top. Sadly, I didn't take profits there and gave the stock too much room in the hope it would turn back up. Exit of the main part was little above BE.

More indecision

Markets printed more doji's and spinning tops, signs of indecision. S&P is now staying in the 1330-zone for 7 consecutive sessions. Oil and copper were hot today, but most other industries didn't move much.

Intraday we had the news of a new earthquake in Japan, which caused some panic in the markets. It made most of my stocks go thru their stop-losses. Luckily these were mainly smaller positions, I already scaled out most of my positions.

Swingtrades
BGCP long 9.53, stopped out @9.25 (-3.04%)
SCI long 11.56, out 11.705 average (+1.18%)
MERC long 14.525, out 14.81 average (+1.98%)
MPEL long 8.10, out 8.37 average (+3.31%)
N long 29.24, out 29.76 average (+1.79%). Stock finally went over 30, but I was already stopped out on the earthquake-news.
All swingtrades closed now.

Daytrades
Three trades today, two in BEAV and one in NVLS.

BEAV: after a very strong opening, the stock retraced to the 20EMA on the 5m-chart. Just when the stock started edging higher, news from the earthquake came and I got stopped out. Accidentally I shorted the stock, but quickly covered that order (an extra $34 loss, so stupid).
I re-entered when markets seem to stabilize. A nice quick pop that stalled at R3. I took profit too early at 38.40 and then some more just under R3. Stopped out of last part @38.34.

NVLS came down to it's 200MA and I expected a bounce when I saw big down-volume (right before my entry) that could be signalling the end of the move. Price didn't move up a lot and we were almost near the close of day. I sold for a small loss.