Higher or lower?

The markets just can't figure out which way we'll go next. So sit and wait is the best option. I sold most swing trades today, some a bit late, giving back some gains. But all in all a nice profitable day.
Gold and silver held strong. The Euro gained once more at the expense of the dollar and is now over 1.43.

Swingtrades
Closed trades:
SDS long 20.81, sold 20.52 (-1.46%)
OCZ from last Friday @8, sold last part 8.75, average 8.565 (+7.06%)
BX long 18.30, sold 18.87 average (+3.11%)
TLT long 92.28, out 91.40 (-0.97%)
SLW long 45.17, sold 46.18 average (+2.24%)
LULU long 91.12, sold 93.89 average (+3.04%)
NXPI long 31.37, sold 32.91 average (+4.90%)
NUE long 47.11, sold 47.62 (+1.05%)
TSO long  28.02, out 27.98 (-0.19%)
LEAP long 15.69, sold 15.77 average (+0.52%)
PPG long 96.76, out 96.24 (-0.57%)
HMIN long 42.45, sold 42.77 (+0.71%)
GES short 39.95, covered 38.99 average (+2.41%)
FFIV short 93.36, covered 93.75 (-0.46%)
EBIX short 23.76, covered 22.67 average (+4.60%)
MENT short 14.49, covered 14.45 (+0.21%)

One from Stewie: long JDSU 20.01, stopped out 19.50 (stock clearly rejected by the 20MA on the daily)

Open trades
Still long BGCP and SCI
MERC long 14.525 (bounced on 5EMA daily chart), took some profit near 14.90. Raised SL to 14.55 (from 14.30)
MPEL (Stewie) long 8.10 SL7.70
N long 29.24 SL28.50. Stock bounced nicely on 50MA. First target 30, then hoping for a breakout.

Daytrades
A bought some SPY-calls after it bounced, but I was watching the hourly chart at the moment. Price didn't rally hard and I sold near the close for a small gain.

First daytrade: BRCM. It was a big gap up and the stock went thru 20MA- and 200MA-resistance. In hindsight, my entry looks like crap! The stock bounced just over the 9EMA. It didn't really get a bid and fell thru my (slightly raised) stop-loss.

Second and third trade were in FNSR. The first one was a beauty, the second was a rather late entry, just before the market turned (and so did FNSR) and I got stopped out on that one.
The first trade was after a slight pullback. Price shot towards and right thru 26 and stalled @26.52. I took partials near, the whole number 26, @R3 and @26.40. Last part stopped out but when price bounced on the 20EMA, I got back in with a less beautiful result.

I noticed today that many big moves actually came from stocks that seem to have formed a bottom on the daily chart. Most market leaders and momentum stocks were less impressive. That doesn't sound like it's positive for the market in general.

Consolidating under resistance...

...is what markets did all day. A choppy and rather boring day. Nothing really interesting, silver was the only big mover (+2%). Semi's went further down, which was to be expected after Friday's move.

Swingtrades
I opened a bunch of swingtrades, including some shorts as well as positions in TLT and SDS as a hedge.
All are small positions. Some I closed because they started to get extended from their base or because of a nice gain.
RIMM: short @55.75. Took profits 55.29 - 54.92 - 54.41, sold everything, +1.33% on average.
OCZ: long from Friday @8. Took partials 8.44 - 8.57 - 8.73. Keeping a few on to swing in case of a gap up or trend day.
WY: long 25.20, SL24.75
BX: long 18.30, SL17.80 (SL moved to breakeven), took off 2/3 near HOD
MTZ: long 21.50, SL20.50 (SL moved to 21.35), took off 1/5 @21.90
BBY: short 28.46, SL29.00 (SL moved to 28.80)
BGCP: long 9.53, SL9.22
TLT: long 92.28, SL91.40
SDS: long 20.81, SL20.51

Daytrades
2 daytrades: BRCM and SOHU.

BRCM was mentioned in the HCPG-newsletter, as a support-buy in the 38-area. And that was exactly where the stock bounced at the open. In @38.42 and took some off at the pivot-point (38.74). Then the stock reversed and I sold the remaining part at breakeven.

SOHU: In near 94 after the stock bounced on the 5EMA. The stock went down again until the 9EMA catched up, then SOHU took off like a rocket, straight ahaid to R3. I took profit near 95 (whole number) and  some more near 96. I left some on but my stop was a little too high and I was stopped out. SOHU rallied some more towards the close.

Friday: Markets are getting tired

After a big gap up and a morning dip, markets rallied until noon. Then some consolidation followed and we went down fast in the last part of the day. It seems like we are finally seeying some sellers. Which is not surprising with the Dow touching new highs and S&P and Nasdaq at their resistance-levels from the beginning of March. To be continued...

Oil had another strong move up while gold and silver gapped down hard, but they did manage to end the day higher than they started. Semi's fell down big, being rejected by the 50MA. However, the 100MA is nearby and might give support soon. Agribusiness, financials and transport were among the stronger sectors today.

Swingtrades
Stewie closed CHK because it acted weak the last 2 days. It's getting a bearish look on the daily chart.

I opened a small position in OCZ @$8 with the idea it would bounce on the 20MA & 50MA. Also, the stock had a strong upday on Thursday. So if OCZ holds 50MA, I expect an upward move.

I closed my other swings yesterday, but boy, did I regret that today! N hit my primary target (EXK already did yesterday), PCX and USO were also up pretty good. And SRX, well... SRX was a takeover and opened 10% higher...
I don't regret taking the beautiful gains yesterday at the open, but it could have been so much more. Maybe I better take more trust in individual charts/stocks then always compare with the indices, expecting the worst.

Daytrades
Same here, more bad than good news.
I shorted CREE after a narrow range inside bar. Unfortunately it bounced at the LOD-level from earlier that morning. I considered going long but I didn't. Too bad...

TIBX found support on R2 and it's 20EMA. It also printed a NRIB. I got in when the previous high got broken, after which price first shot up fast and then consolidated for a while. A higher high followed, but without convincing volume and with R3 just above, I started to scale out. The only profitable daytrade today I'm afraid.

WYNN printed a hammer on the 9EMA, but I was pushing my luck here. I already missed 2 entries earlier, being busy scanning and monitoring the CREE-trade I guess. I scratched for a small loss when market started to roll over (lower highs and lack of volume were a tell). WYNN reached a higher high later on, but only just.

ANV was a trade I entered when market bounced on the close from the previous day. In hindsight, paying more attention to volume would have stopped me from taking this trade.