Wednesday, April 28, 2010

Over & Out!

I've closed all of my open positions in the market. However, I will still be looking for new Long setups for the time being. However, I may be a bit more selective, as market conditions have changed - although not necessarily indicating the start of a bearish move.

Tuesday, April 27, 2010

Market Analysis


The NASDAQ has just broken the ascending trend line, on increasing volume. It may be getting into consolidation, or start a new downtrend - who knows?

But clearly, the market conditions have changed, so I need to adapt my trading strategies as well.

I will stop taking new Longs, and pretty much liquidate all my open positions, when the market opens in the next trading session.

I'll sit on my hands and just see what the market wants to do next, before jumping back into the market.

holx


I hate the almost deafening non-responsiveness of this stock, so I cashed out at a minimal draw down. I would rather put my money to work elsewhere.

Monday, April 26, 2010

bkh


Exit per plan.

nsc


I only realized that the ER would take place tomorrow, after I had bought this stock a day earlier. I certainly don't want to be trampled by the stampede should I end up on the wrong side of the fence, so I bailed out as quickly as I can for a small profit.

lpx


Exit per plan

Avid


This guy dropped like a sack of rocks after it's ER! Luckily I had bought Call options instead stock, so my loss is pretty much limited.