Friday, January 23, 2009

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9:29 am

Futures getting hammered this morning Dow down -200 S&P down 22 going to open us up right down near major support 800 actually seeing the bounce here premarket. Watch this level all day. This could be a flush to November lows about to happen

I am currently holding some shorts in GOOG, AAPL, and FSLR which are going to be in the money starting the morning off, I usually cover any gap down or earning play IE goog the next morning if there is a decent profit so there is a good chance i take GOOG off here or right near open, some new ideas from research last night. JNJ, UNP, EIS, also watch the SLV (currently long)

11:04 am

Bought 300 NYX @ 20.00

GOOG showing great RS now , nice to get out with a little profit this morning, Mixed bag today< still bullish on Finacials UYG, JPM, WFC, and looking at AKAM here

11;32 am
Looking to take Half profits into this strength sold, JPM @ 23.75 from 20.20 +3.55
Holding half of JPM here cause longer term i am seeing better strength in the Fins but important to take profits and pay yourself for the hard work.

11:36 am
Buying SDS for hedge here 200 @ 82.54 eom.

12:18 am
SLV breakout of 11.50 if you are in on the 10 for 1000 wl trigger then you could sell into strength.
In SLV @ 10.26 a focus stock a couple weeks ago, the move here to 11.75 giving you a nice 1.50 profit its in your court now, This is a very choppy stock so expect to see a pullback and then further push.

12:28 am
Taking SDS off 81.90 not comfortable with the hedge markets looking strong for now.