Time for a break

The indices traded sideways most of the day, and then put in a small rally near the close. The Dow Jones is still outperforming/leading the other indices, albeit just sligthly. We are getting overbougth here and a pullback to the breakout area would be more than welcome and would probably give us good buying opportunities.

Silver reached new highs, but couldn't really keep them, unlike gold. Silver and oil both put in a doji on the chart, indicating a reversal might come. But nothing is for certain in this market!

Swingtrades
I closed GLNG (+3.28%) and SNDK (-0.42%) and back to 100% cash. I'll wait for a pullback before entering new positions. Just being cautious, April wasn't really good to me, unlike March. And you know what they say about May... Not really a month with a good 'track record'.

Daytrade
One daytrade in FTNT, I hoped for bigger gains so I could swing it, but got stopped out, not willing to give back too much of my gains. In at 46.95 and out 47.62 and 47.43. I had 49 as a target, but 48.50 was the top.

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...

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.