Intraday/Swing Plays

TODAYS EXECUTIONS:

16:40:11 INTC BOT 2000 29.80
13:13:37 INTC BOT 2000 30.28

OPEN POSITIONS:

Short TLAB 3000 9.73 +0.10
Long .SJXQL 10 17.00 -0.10
Long CKP 2000 18.50 -0.48
Long PALM 5000 4.01 -0.51
Long .PQODY 10 1.60 -1.60

CLOSED P&L: $480.00 OPEN P&L: ($4,910)
TOTAL CLOSED P&L: $45,189


Hope to be more active tomorrow!

 

It appears the market didn't like EBAY, MSFT and XLNX numbers, but the companies haven't had a chance to defend themselves yet in their conference calls. I might go long EBAY and MSFT after hours and see what shakes out.

 

They are both close to support and EBAY is certainly at trendline support. What might tomorrow bring...... :eek:

They are certainly stretched given the closing prices

 

Bought 2,000 EBAY @ 51.35 yesterday evening.

 

Techs Reverse Course, Stocks Higher

Despite an initial negative reaction after the bell last night to Microsoft's (MSFT) earnings release, Merrill Lynch's upgrade of the software bellwether is helping to lift stocks in pre-market activity. Elsewhere, Sun Microsystems (SUNW) and Compaq (CPQ) issued fairly upbeat profit reports. Treasury prices and world markets are mixed.

Indicie supports are still holding which is good news. The plane crash yesterday caused the Dow and Naz to test supports once again but rebounded. If the Dow can hold it's opening gains this morning, this very well could cause a breakout from it's downward channel. By no means is that an indication of an uptrend beginning rather than a stoppage of bleeding as of late.

Watch the Utility sector. It has broken out and positioned for significant upside.

DUK - Buy
Stop: $32.00
Target: $43.50

DOX - Short
Stop: $25.00
Target: $18.50
Failed to break channel line on a continued down trend.

 

Closed 2,000 EBAY @ 52.16

+ .81 points

 

Short 2,000 MSFT @ 57.08 (intraday)

 

Short 2,000 DOX @ 23.98

 

Closed 2,000 MSFT @ 57.39

- .31 points (delayed)

 

TODAYS EXECUTIONS:

12:17:45 MSFT BOT 2000 57.39
10:28:26 DOX SHRT 2000 23.98
10:11:21 MSFT SHRT 2000 57.08
10:02:18 EBAY SLD 2000 52.16
17:33:23 EBAY BOT 2000 51.35 (4/18/02)


OPEN POSITIONS:

Long .SJXQL 10 17.00 +1.70
Short TLAB 3000 9.71 +0.41
Short DOX 2000 23.98 -0.18
Long PALM 5000 4.01 -0.40
Long CKP 2000 18.50 -1.05
Long .PQODY 10 1.60 -1.60

CLOSED P&L: $1,000 OPEN P&L: ($3,118.35)
TOTAL CLOSED P&L: $46,189