AMZN strong as hell today but came off the highs into the close. May need some rest here, close to a 10% move in the last ~5 days or so. Yelp with some serious strength here after that close above 24. Some good breakouts past couple days or so.
Your AMRN is still looking good here as well. If it can clear 12 on some volume. Clear shot to 13.50ish if it can take out highs
The bigger question is how will you "adapt" when the market eventually changes - i.e., enters a dull trading range, or change to a bear market
I'll look for stocks breaking support rather than stocks breaking resistance. As far as consolidation goes, that's just part of the game but I tend to not trade stocks that are too range bound. Just took DECK short actually at 63.53 / stop at 74.70 http://screencast.com/t/8Z3GDLrUzkK
Can't say I'm happy about my entry on amzn. Paid at the highs and once again it sold off near market close into a bearish pin bar. Unless the market turns around soon, I'm getting stopped.
Sorry for no update. Been real busy and stressed about my classes. No much going on. Still holding: AMZN AMRN FRO LVS CVX (short) DECK (short)
Update: 4/12/12 cover 100 cvx - 352 4/23 stopped 500 fro - 1760 5/4 stopped 300 lvs - 1695 5/21 covered 200 deck + 1624 total pnl : -2183