8-9-11

Chop Chop

Looking at relative strengh - potentials:
PSMT, AH, PEET, PCLN, NUS, GMCR

Throw MCD in there too.

no positions- CASH

8/6/2011

As I've been stating: remain patient.  This is a daytrading environment.  The breakdown that we have witnessed will take some time to fix itself.  Honestly, you could probably take a vacation for a month. My opinion is that we will rally one last time before we correct. Nice head and shoulder pattern on monthly chart - Ouch if it fulfills itself.  We are at a critical point.  

07-27-11

Stopped MA 308

7-22-11

Long MA at 314

7-21-11

Did not like the action today.
One can say why not, the dow was up 152pts.  This doesn't mean we should buy.  If you watch the leaders  they did not move with the rest of the market.  Could institutions be unloading? We shall see.


Covered WYNN 164
Sold CXO 97

CASH.

7-20-11

covered 1/3 of WYNN 162.33
long CXO 96.94
sold TSCO before earnings

7-19-11

Sold all of AAPL before earnings +22 / +6%
Long UA 80.34
Short WYNN 164.73

Looking to add to both if opportunity presents itself

7-18-11

AAPL working nice (traded intraday for +5), kept some and will probably sell everything before earnings
sold rest of FTNT at 26.57 +3.2% before earnings tmrw
Best Bets if market cooperates: UA and CRM
Watching: LULU, TZOO, CLF, FCX, CF, CVLT, TIF, BIDU, BHI, GPOR, MIND, COO, CXO, PSMT for longs
OPEN, WYNN for shorts

7-14-11

Remain patient.  Still holding AAPL, TSCO, and FTNT.  Will post some charts over the weekend that I think have potential.

NFLX daytrade below  May need to turn volume up.

7-12-11

covered LULU at 60.
long AAPL 254 sold 3/4 intraday (+1) - as I think this wk. will be range bound.

07-11-11

short LULU 119.75 covered some intraday, will look to short more at higher prices if market cooperates

7/11/11

sold another 1/5 of FTNT at 27.69 on 7/6/11 +7.5%

07-05-11

sold half TSCO 69.11 appox. +6%/

6/29/11

Sold another 1/5 of FTNT +5%

6/28/11

stopped on GOOG yesterday at 480 -2%

today sold 1/5 of FTNT +.60
still holding TSCO