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 WLT. Show all posts
Showing posts with label WLT. 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.
Thursday, April 21, 2011
Rally, Part III
Monday everything looked bad after the big gap down, but since then, the only way was up.
Today we opened with a gap up, right under resistance (for S&P that is). The Dow made new highs and Nasdaq is not far behind, right under it's high of 02/18/11.
Ideally, Nasdaq and S&P need to confirm the new highs from the Dow soon. But since we went up so fast whole week long, some consolidation would be healthier if we want to see new highs in the future.
Silver had another huge day (+3.2%), gold and oil were only modestly green.
Swingtrades
I sold some more DANG (keeping 1/3) and added 2 positions: BSFT and WLT.
Daytrades
2 daytrades, BIIB and FFIV.
FFIV worked well at first, but didn't make it to my 110 target. I made the mistake to give it too much room (maybe should've raised my stop to BE) and got stopped out with a loss, after having a decent win.
BIIB was another story, I entered on top of the first bar. Ideal entry actually was after the break high of the 3rd bar. I peeled some of right under 105 and then saw price reverse just shy of my 2nd target, 107.5.
I got stopped out on the remaining part, still with an ok gain.
Today we opened with a gap up, right under resistance (for S&P that is). The Dow made new highs and Nasdaq is not far behind, right under it's high of 02/18/11.
Ideally, Nasdaq and S&P need to confirm the new highs from the Dow soon. But since we went up so fast whole week long, some consolidation would be healthier if we want to see new highs in the future.
Silver had another huge day (+3.2%), gold and oil were only modestly green.
Swingtrades
I sold some more DANG (keeping 1/3) and added 2 positions: BSFT and WLT.
Daytrades
2 daytrades, BIIB and FFIV.
FFIV worked well at first, but didn't make it to my 110 target. I made the mistake to give it too much room (maybe should've raised my stop to BE) and got stopped out with a loss, after having a decent win.
BIIB was another story, I entered on top of the first bar. Ideal entry actually was after the break high of the 3rd bar. I peeled some of right under 105 and then saw price reverse just shy of my 2nd target, 107.5.
I got stopped out on the remaining part, still with an ok gain.
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