Tyco CEO Out US equities are slightly higher in early trading on mixed corporate headlines. Tyco International's (TYC) CEO is resigning, while USA Interactive (USAI) is making a $4.5 billion offer to purchase three companies. US Treasuries are slightly lower ahead of the manufacturing PMI and construction spending figures, while world markets are mixed.
A few problems came up that have kept me from trading this morning. I should have time to trade this afternoon.
On "feeling" and watching L2 interest I think if I had traded my normal 2K size I would have covered this around 43.74 or 43.75. So I gave up approximately .02 - .03 increasing my share size to 5K which was still more profitbale to do so.... on this trade.
TODAYS EXECUTIONS: 15:57:40 QLGC BOT 5000 43.77 15:41:10 QLGC SHRT 5000 43.95 15:37:52 KLAC SLD 2000 50.15 15:31:12 KLAC BOT 2000 49.95 OPEN POSITIONS: SHORT COST 2000 39.30 +0.60 CLOSED P&L: $1,300 OPEN P&L: $1,200 MTD: $1,300 YTD: $204,574 Today was a great trading day in which I was unable to trade until the last part of the afternoon. Today's decline is very unsettling considering we just broke some major supports. I will get into more detail about that tonight or by market open tomorrow.