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...
Showing posts with label VMW. Show all posts
Showing posts with label VMW. Show all posts
Wednesday, April 27, 2011
Monday, April 25, 2011
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.
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.
Wednesday, April 20, 2011
Bulls gaining ground
Futures kept going higher yesterday after-hours and today during pre-market which resulted in a big gap up.
The tech sector was leading the market thanks to good earnings and a positive future view.
The Dow made new highs for the year and is leading S&P and NASDAQ.
Gold keeps going higher, still outperformed by silver.
Oil surged 3% ready to attack previous highs earlier this month.
Swingtrades
After the semis-action today, I sold my SMH-puts. Not expecting much downside here, after such a strong close with big volume and a higher high. Some consolidation or a small pullback would be nice though.
I sold 1/3 of my DANG-position pre-market with a 10% gain. I will keep the rest with a loose stop, giving it some room to wiggle and I would like to see it go to 28-30.
New positions (with loose stops); GLNG, VMW, CRM, CTXS and ROK.
No daytrades today.
The tech sector was leading the market thanks to good earnings and a positive future view.
The Dow made new highs for the year and is leading S&P and NASDAQ.
Gold keeps going higher, still outperformed by silver.
Oil surged 3% ready to attack previous highs earlier this month.
Swingtrades
After the semis-action today, I sold my SMH-puts. Not expecting much downside here, after such a strong close with big volume and a higher high. Some consolidation or a small pullback would be nice though.
I sold 1/3 of my DANG-position pre-market with a 10% gain. I will keep the rest with a loose stop, giving it some room to wiggle and I would like to see it go to 28-30.
New positions (with loose stops); GLNG, VMW, CRM, CTXS and ROK.
No daytrades today.
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