5/17/11

Set a stop on GOOG earlier this morning.  Had some buying in first half hour in GOOG.  It seems (NOT always) that which ever way the market starts out at 10-10:30 we reverse.  We started higher, but never reversed.  I wanted something out of this trade so sold half at 521.23 +2.77 and stopped on rest at breakeven.  Typically, we don't break to new lows on first test.  See chart.

5/16/11

Short GOOG at 523.86, stop at 523.86, would give it a little room but not going to tolerate a choppy market.
Entered slightly late.

Sunday 5/15/11

Choppy action, which is normal in the third year of a bull market (or so they say) - a daytrading environment.  Not too much attracting my attention long or short.  Good time to see what is relatively strong compared to rest of market. 
Really like NFLX here for swing trade long.
Eyeing Longs: CACI, MMS, ILMN, RL, PII
Eyeing Shorts: GOOG, INFY