In @ 5.2, has since moved 7 pennies.
Part of the biotech sector uptrend, nice daily breakout happening today.

I contemplated between adding to CALM or buying QCOR, and since CALM is acting $hitty, this is where I went. adding to sectors that are holding up.

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It wasn’t a good trade, but it was a nice profit. EFU is breaking out and I sold into the breakout like a shmuck. I think its going a lot higher, but I have the patience of a hamster on viagra. I may buy it back. However, I’m still holding my watchlist picks of HOGS, [...]

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I mentioned yesterday that I went short with a “medium” position. This morning I’ve added to the index funds in the RUT only. I also bought TWM and EFU (2x inverse MSCI etf). The EFU is a play on the strengthening dollar. If the US dollar strengthens, the emerging markets will go down. The weak [...]

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I’ve been talking about retailers making a move in the last few days. TRLG is one of them. Plus its showing up on the same screen that was good for RTK, PWAV, SNTS, and LLNW.

I’m going to go and tag all those TRLG posts so they are easier to find. Back then (3 years ago) [...]

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Biotech stocks brokeout today. Its official uptrend for biotech. From this point forward buy the dips.
This is the chart I posted on May 30th. I was saying at that time that there are signs of a move happening in this sector and that new up trend is possible. I said it in a shorthand version [...]

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The world was coming to end this morning. Mentally wrestling fears and thoughts of bear market this and crash that and Iran nuke this and Israel bombing that and then around 1pm someone came in and turned the lights on and the monsters were allll gone.
Sometimes its like that. Scary scary scary, oh not that [...]

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Worked:
Being long the NDX and RUT. 6% for the NDX as it broke out to new highs. I’ve been riding this trend for months. Around 32% gain off the bottom for my index trading account. RUT did 3.9% for the the leveraged funds fans.
XLF calls - May 27s. Excellent action today in the XLF. I [...]

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I talked about the confirmation that the EOY rally is underway around noon yesterday. Today we got more confirmation and you can replace COMPQ with SPX, RUT, INDU, and large number of ETFs, and stocks. The pattern is the same.

Being long worked today. Managed 3% in SPX, 2% in NDX. Missed out on 5.5% gain [...]

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Nothing worked today other than keeping a positive clear head and figuring out what my next trade is going to be. That is up. I’m playing the bounce and I think its going to be a big one.
I bought some AMTD calls today because I saw the E-Trade chart and know that SIC hedge funds [...]

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COMPX Break out. Do you believe????

AXP - American Express intraday 15min chart:

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I bought some TOVC, a bulletin board stock, that I noticed starting to move on some news that they are working with Lockheed Martin on some military vehicles. I got in at 3.8 and the stock broke out of a 15min box to the upside. Currently up 9.5% since.
The morning longs in NDX and RUT [...]

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Being long. Not listening to noise. I went on a little tirade yesterday about noise and how it affects trading. From alot of what I was reading, people were expecting fire and brimstone today and for the market to drop, not breakout to new highs. I was very confident this wasn’t the case. If they [...]

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Being long stocks. I was actually long the indexes, but I chumped out and sold into this mornings weakness. It was a mistake because the difference between the NDX and RUT would have yielded a profit of 1.64%. F$%^! Just a really bad trading decision. If MU trade doesn’t work out tomorrow (I see its [...]

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ICOC - Sold for 8.75% gain
SMDI - Popped big for 6.5%
ONT - Continues to run parabolic. Up 100% in the retirement account with ONT.
TIVO - Went into TIVO last Friday and up 3.3%. I think the gap fill of 7.5 is in its future. For the first time since early October TIVO closed above its [...]

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