Current positions are short.... Forgot to post the Strategy Desk Positions window which indicates long/short. DRYS - Short DSL - Short MZZ - Long RYL - Short
RYL short.. Early on this so a difficult trade ahead.. A daytraders buy area BUT if that trendline gives up the prior $25 target before run to 31+ won't matter..
DRYS.. the stock that hates me! My fault as I don't take the trades immediately.. The break under the 7ma AND trendline was the day to short but that was a white day and I don't short white days or buy rend days.. (These charts are "painted" to be green over 7ma, red under regardless..) Anyway, 70 should be a pinch but DRYS loves bouncing hard.
Replaced DRYS Short with COIN Long (14.29) -- COIN likely to gain more in Market fighting 12,200 than DRYS will lose. Added to DSL Short 27.85..
Sold COIN at 15 +.7 Re-short DRYS at 72.77 RYL irritating.. Greed prevented me from covering a bit low 26's.. didn't expect such a bounce.. The battle for 12,150 continues.
Covered RYL mid 27.5 Small profit.. This is the reason for carrying different sectors.. Homebuilder fishing continues.. Will re-short it under 26.1 or so.. RYL has become the sort of Stock not ideal for swinging.. Hope it get clean again.. Of course it drops immediately after I cover.. May buy SRS (over 118) instead of shorting RYL though it's Volatility is hard to manage... We'll see.
Well.. Shorts shall burn at the Altar!.. Covered all shorts, decent profits all but gave up most of today's gain.. 12,150 not dead afterall.. Trading is HARD as we compete to take each others Money... Long COIN again 15.2 Dow probably opens under 12k tomorrow.