Wednesday, June 03, 2009

Markets stalled , closing out my positions. Going to enjoy the nice day outside.

ZION














WFC

















SKF

Tivo stalled so dumping it. 1/2 hour to go in the day.


markets are dropping , GG is floating around so sell it and go short WFC instead as it has momo

WFC













GG

Cut short my loser in GG and long it again for the moment



Feels like things are stalling again so I'm back onto the original trends, short banks/golds and long SKF


SKF











GG











ZION

Sold the pop in SKF and short again

TIVO is up huge today but now looks like its pausing so short it here and watch to see if its a reversal or just a pull back.

And when an opportunity like SKF comes along cover the quick short and go long again, same with GG, ZION only in the other direction.



Momo has stalled so at times like these it's better to take what ever profits that are offered and trade them the other direction


SKF










GG

















ZION



A day when banks/golds are down, SKF/ FAZ rising. Watching a stocks when they make new highs or lows can provide good entry points.

SKF making new highs













GG in downtrend














ZION making lows