Most indices consolidated the gains from the previous day. Nasdaq gave back most, not surprising since it also ran up most lately. Today's action seems healthy for the bulls and we may see higher prices the next day(s).
Gold and silver recovered most of the losses from Tuesday and oil seems to be basing here (ready for a move up?). In the meantime, the euro is creeping higher, due to a lack of negative news about the European debt crisis, I guess.
Trades
Although the indices didn't pullback that much, some of my stocks did and I got stopped out of RAX (-2.3%), SOHU (-3.5%), VHC (-4.5%) and CRM (-3%). In hindsight, SOHU wasn't a good entry (too high above 13EMA, hugging the upper bollinger band), last Wednesday was the ideal entry. For RAX and VHC, they didn't rally with the other stocks/indices Tuesday afternoon, which wasn't a good sign. And CRM was ok, but it got rejected by the previous high.
So I didn't take advantage of the morning gap up, mostly since my gains were too small (<1R).
I'm still holding CHKP (took 1/4 of @59.72), GMCR (took 1/4 of @92.12) and AMZN.
New positions: PCLN long 535 and I added to CHKP per 59.94.
Showing posts with label SOHU. Show all posts
Showing posts with label SOHU. Show all posts
Thursday, July 21, 2011
Tuesday, July 19, 2011
Nice bounce today, bulls preparing for earnings?
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
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
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.
Monday, April 18, 2011
Tricky market
Standard and Poor's cut the long-term outlook on US debt to negative. The result was lots of red on the screens. Indices went sharply lower in the morning, together with the euro and crude oil. Silver and gold however stood their ground. In the afternoon, stocks managed to cut some of the losses, but indices ended the day sharply lower.
Swingtrades
Today's action didn't help one bit and I got stopped out of most positions (SPY-calls, CT, AVL, OME) and closed the other 2 (SABA & GGC). Later in the day I opened trades in BIDU, SOHU and NTES, 3 stocks that held strong during the day.
I bought some SMH-puts in case we go lower. Nasdaq found support on the 100MA, but the semi's look very weak and might be rolling over.
Daytrades
CRUS-support buy didn't work and neither did the SCCO-short (probably too extended). I closed both trades for minor gains.
CLR was in the HCPG-newsletter as a support buy on the 100MA. I got in @63.40 with a stop 2 cents under the low. I got stopped out by 1 or 2 cents and didn't had the faith to re-enter. Too bad, cause the stock closed near 65...
Today's action was very discouraging. I need a couple of decent wins, the last week-and-a-half I lost about half the gains I made in the 4 weeks before. I feel like I'm totally out of sync with the market, (almost) nothing seems to work. I trade smaller size here, but my confidence needs a boost...
Swingtrades
Today's action didn't help one bit and I got stopped out of most positions (SPY-calls, CT, AVL, OME) and closed the other 2 (SABA & GGC). Later in the day I opened trades in BIDU, SOHU and NTES, 3 stocks that held strong during the day.
I bought some SMH-puts in case we go lower. Nasdaq found support on the 100MA, but the semi's look very weak and might be rolling over.
Daytrades
CRUS-support buy didn't work and neither did the SCCO-short (probably too extended). I closed both trades for minor gains.
CLR was in the HCPG-newsletter as a support buy on the 100MA. I got in @63.40 with a stop 2 cents under the low. I got stopped out by 1 or 2 cents and didn't had the faith to re-enter. Too bad, cause the stock closed near 65...
Today's action was very discouraging. I need a couple of decent wins, the last week-and-a-half I lost about half the gains I made in the 4 weeks before. I feel like I'm totally out of sync with the market, (almost) nothing seems to work. I trade smaller size here, but my confidence needs a boost...
Monday, April 4, 2011
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.
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.
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