i think the indexes will trade to the 200 DMA and then bounce .. just my .02 about 1980-2000 compx so we are close ..
usually at the break of the bands i get nice snap backs, but today the action wasn't there .. i had to fight for scalps ..and power in and out of some trades ... overall the morning was profitable but it was a bit of a struggle .. actually thought MERQ would gap and trap so i went short at the open seeing lots of resistance in the 42 area .. MERQ obviously never really set up and i should have looked closer at my model .. MERQ loser here .. net -$160 9:30:47 SellShort 1000 MERQ at 41.25 on ARCA (1000 traded @ 41.2550) Executed 9:31:31 SellShort 1000 MERQ at 41.23 on ARCA (1000 traded @ 41.3030) Executed 9:36:56 Buy 1000 MERQ at 41.30 on ARCA (1000 traded @ 41.2940) Executed 9:43:24 SellShort 1000 MERQ at 41.62 on ARCA (1000 traded @ 41.6310) Executed 9:51:41 SellShort 1000 MERQ at 42.11 on ARCA (700 traded @ 42.1100) Executed 10:03:00 Buy 700 MERQ at 41.77 on ARCA (700 traded @ 41.7600) Executed 10:12:23 Buy 1000 MERQ at 41.45 on ARCA (1000 traded @ 41.4500) Executed 10:18:32 Buy 1000 MERQ at 41.85 on ARCA (1000 traded @ 41.8500) Executed SBUX ...fast market for scalp.. good for +$322 9:54:26 Buy 1000 SBUX at 54.04 on ARCA (1000 traded @ 53.9780) Executed 10:00:08 Sell 1000 SBUX at 54.30 on ARCA (1000 traded @ 54.3000) Executed ADSK break of the lower band scalp for +$500 9:39:33 Buy 1000 ADSK at 27.85 on ARCA (1000 traded @ 27.7000) Executed 9:46:58 Sell 1000 ADSK at 28.20 on ARCA (1000 traded @ 28.2000) Executed GOOG touched the lower band .. tried to buy the 170 calls ..no fill ..GOOG makes me nervous so i dumped for +$388 10:28:34 Buy 1000 GOOG at 181.02 on ARCA (1000 traded @ 180.9430) Executed 10:30:05 Sell 1000 GOOG at 181.16 on ARCA (1000 traded @ 181.3310) Executed RIMM getting murdered today on the break of the 200 DMA .. 10:46:23 Buy 1000 RIMM at 66.05 on ARCA (1000 traded @ 66.0300) Executed 10:48:00 Buy 1000 RIMM at 65.61 on ARCA (1000 traded @ 65.5420) Executed 10:52:31 Buy 1000 RIMM at 65.23 on ARCA (1000 traded @ 65.1670) Executed 10:57:31 Sell 1000 RIMM at 65.75 on ARCA (1000 traded @ 65.7500) Executed 11:00:10 Sell 1000 RIMM at 65.85 on ARCA (1000 traded @ 65.8500) Executed 11:00:55 Sell 1000 RIMM at 66.13 on ARCA (1000 traded @ 66.1300) Executed RIMM good for +$991
FOXH: bought 30.25, sold 31.00 = .75c X 5000 shares = $3750. How does that sound. All it takes is one breakout, sobemark. But we can't verify any of these trades, can we.