There is nothing wrong with the stock, and odds favor I may remount the name in the coming weeks but at this moment, I like the idea of ending my 2011 trading right here and now. With that in mind I have gone ahead and moved back to cash selling the FlexFolio position in DTLK here. DTLK - $8.2... [+]
There is of course the chance that we keep right on rocking but I have to tell you, a light volume move into the underside of a declining 50 day moving average is about as much of a sell signal as any I have ever heard. With that in mind I have gone ahead and cut my NASDAQ 100 exposure here and ... [+]
We’re a few pennies from being stopped in the QQQ shares that remain. The stop is hard and I won’t micro-manage for now. If it stops me out, it stops me out. Today really strikes me as a potential change in character. We are coming off a failed breakdown in an environment that got increasing... [+]
The NASDAQ 100 (QQQ) has filled the gap from November 29th and come within a few dimes of my first profit target. Heading out the door to see my son’s Christmas pagent, I have covered 1/3 at this level lowering stop to my entry. 167 – QQQ - $55.15... [+]
It wasn’t easy to do the remount after Friday’s rally. Especially considering that the back and forth overly volatile market could have just as easily broken out to new highs hours later. In fact, moments after I did a remount on Monday, I thought it was going to do just that. Overhead resis... [+]
Over the weekend I laid out a plan regarding the market and trades from here. I can feel myself ‘wanting’ to pass on a clear plan I put in place. Remaining objective, and using price as my guide I’m going to follow this plan and have started a short position in the NASDAQ 100 (QQQ) with a stop... [+]
The tape has thrown me a curve ball and I like cash better than anything at this juncture. I have covered both DDS and DFS into the bell. DDS - 48.15 DFS - 24.73... [+]
With my lowered stop, I was stopped on the final shares of JOSB. JOSB - $51.00 ... [+]
Molycorp was a mistake and I have cut my loss here this morning. MCP - $31.07... [+]
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