<img src="http://puddles.humanfund.ca/20100513/spy.png"> <img src="http://puddles.humanfund.ca/20100513/kbh.png"> <img src="http://puddles.humanfund.ca/20100513/mon.png"> <img src="http://puddles.humanfund.ca/20100513/sndk.png"> 10:06 SHORT KBH 16.81 STOP 16.9 TGT 16.63 - KBH gaps down and drifts down as SPY heads up from it's gap down - take the tight lower high - out -0.1 10:22 SHORT MON 55.87 STP 55.99 TGT 55.63 - always looking to short MON based on it's daily.. - same story as KBH, gap down and drifting down while SPY gaps up - short under the lower high - out +0.24 15:05 SHORT SNDK 43.27 STOP 43.4 TGT 43.01 Geez told me he was doing this trade so I tailed it. Here's how I saw it.. - SNDK relatively weak to the SPY after lunch - The 1-3pm stretch of SNDK is lower than it's morning lows vs. SPY which is ranging near it's pivot - SNDK breaks the range to new lows and sets up a lower high (as well as SPY). - Short below the lower high as SPY does the same. - the SPY lower high sends SNDK quickly to it's target - out +0.26
<img src="http://puddles.humanfund.ca/20100514/spy.png"> <img src="http://puddles.humanfund.ca/20100514/ceph.png"> 10:26 SHORT CEPH 60.87 STOP 61.03 TGT 60.55 - Big market gap down, short bias today. no longs unless my name is geez and the stock is HAUP - SPY reverses at after 10am with a few nice green bars - CEPH barely participates retracing less than halfway back up it's last leg down - short under the lower high at .87. trade triggered at .87 but i got it at .89. stop stays the same at .03 so adjust the target accordingly with a better entry - probably should have added to the short under the lower high at 10:55 but wussed out (would have moved original stop to .79 if i added there) 5-4-1 on the week. go flyers