<img src="http://puddles.humanfund.ca/20100622/spy.png"> <img src="http://puddles.humanfund.ca/20100622/hgsi.png"> <img src="http://puddles.humanfund.ca/20100622/bhi.png"> <img src="http://puddles.humanfund.ca/20100622/csx.png"> <img src="http://puddles.humanfund.ca/20100622/jpm.png"> <img src="http://puddles.humanfund.ca/20100622/brkb.png"> 10:06 SHORT HGSI 25.79 STOP 25.85 TGT 25.67 (2min chart) - SPY strong after the open, HGSI heads lower - HGSI consolidates for a nice tight lower high - Short under the bar - out +0.12 in a hurry 10:15 SHORT BHI 43.4 STOP 43.53 TGT 43.14 - SPY moves up and fully retraces from the open- - BHI stays weak making new lows - During the time frame when SPY puts in a small 2 green bar retracement up. BHI puts in 2 red bars, great relative weakness - Short under the tight bar/LOD. - out +0.26 I totally messed this trade up and went long at my entry instead of short. Just plain stupidity on what was the most textbook trade of the day. I'll count the setup as a win though. 10:30 SHORT CSX 54.7 STOP 54.85 TGT 54.4 - Same story as BHI - Short under the tight lower high - out -0.15 13:30 LONG JPM 39.38 (wanted .39, got a good fill) STOP 39.32 TGT 39.5 - From 1 to 1:30 SPY is selling off - JPM is holding at the highs and even drifting higher - The red bar provides us an entry, enter as JPM goes higher and breaks the range - SPY turns higher just in time to take us to target - out +0.12 - Yes, i realize i broke my 11-2 rule but the relative strength was screaming out at me - this will bite me next trade 14:33 LONG BRK/B 80.2 STOP 79.99 TGT 80.62 - From 2 to 2:30pm SPY is selling off with continued weakness - At this point BRK/B is practically trading inversely to SPY making new highs almost every bar - Long over the HOD with a stop under a round # provides me a good stop size so i take the trade - SPY continues it's weakness and proceeds to put in some huge red bars. Most longs are screwed at this point - out -0.21 15:11 SHORT BHI 41.97 STOP 42.11 TGT 41.69 - BHI weak all day less that little pop mid day from the favorable court ruling - Short the higher low as it breaks the round number - out -0.14 http://puddles.humanfund.ca/wp/2010/06/22/2010-06-22-trades/
<img src="http://puddles.humanfund.ca/20100623/spy.png"> <img src="http://puddles.humanfund.ca/20100623/ccl.png"> 9:35 LONG CCL 33.54 STOP 33.42 TGT 33.78 - CCL is extended down on the daily chart, I'm looking to get long if there's any sign of strength - SPY doesn't really gap and heads a little lower - CCL gaps up - CCL makes a new high on the 2 minute - Long over the HOD - out -0.12 http://puddles.humanfund.ca/wp/2010/06/23/2010-06-23-trades/