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9:33 AM
Wow looks like a big week to start off, I always step back and watch the first 30 minutes of the trade to let the markets establish its morning range. Some stocks are looking great and I will be picking up RIMM adding too it (200) at open, Semis look to be in Play and Shipping looks great.
Looking to sell F soon.
9:52 AM
Starting Position in LDK 300 @ 13.08
Looking for a entry on RIMM here 38.00 only small (not buying yet), Stocks that are holding in market pullback and now in my sites, GOOG, LDK, BIDU, MT.
10:37 AM
Sector ETF leaders & laggards through first hour of trading
First Hour ETF Sector Strength:
Gold miners- GDX +6.9%, RBOB gas futures- UGA +5.8%, Crude/WTI oil futures- USO +5.7%, OIL +5.5%, Heaating oil futures- UHN +5%, Oil HLDRS- OIH +5.6%, Nat gas futures- UNG +4.6%, SPDRS metals/mining- XME +5%
First Hour ETF Sector Weakness:
Reg. bank HLDRS- RKH -4.4%, Semi HLDRS- SMH -4.4%, Commercial banks- KBE -3.9%, SPDRS homebuilders- XHB -3.6%, iShares REITS- ICF -3.2%
11:09 AM
Scalling in GOOG small 40 shares @ 311.40, will update.
11:18 AM
As mentioned on 10 for 100 watch List I want to take a small position in GS into earnings and add to it on any pullback, Started position here 100 @ 65.86.
11:38 AM
10:37 AM
Sector ETF leaders & laggards through first hour of trading
First Hour ETF Sector Strength:
Gold miners- GDX +6.9%, RBOB gas futures- UGA +5.8%, Crude/WTI oil futures- USO +5.7%, OIL +5.5%, Heaating oil futures- UHN +5%, Oil HLDRS- OIH +5.6%, Nat gas futures- UNG +4.6%, SPDRS metals/mining- XME +5%
First Hour ETF Sector Weakness:
Reg. bank HLDRS- RKH -4.4%, Semi HLDRS- SMH -4.4%, Commercial banks- KBE -3.9%, SPDRS homebuilders- XHB -3.6%, iShares REITS- ICF -3.2%
11:09 AM
Scalling in GOOG small 40 shares @ 311.40, will update.
11:18 AM
As mentioned on 10 for 100 watch List I want to take a small position in GS into earnings and add to it on any pullback, Started position here 100 @ 65.86.
11:38 AM
Adding RIMM here 100 @ 37.92.
I am kinda surprised we haven't pushed a little higher by this time today, Still bullish and expect the markets to move higher. But the entries are scaled back as we are teetering on a 60 min rising wedge pattern.
When the markets are doing something other then what you expect, its not that the market is wrong. The markets are always right, and it has all the time in the world to make its move, Its the job of the trader not to get frustrated and trade because of boredom.
GS Going to hold this into earning and would not add unless we got some serious volume to the upside today
Even though i am leaning to the bullish side the signs are there that this market is feeling heavy and can't get going. Will be waiting and watching before acting.
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