A 70k bet that I can't make a 50% gain in 2009

<img src="http://puddles.humanfund.ca/20100513/spy.png">

<img src="http://puddles.humanfund.ca/20100513/kbh.png">

<img src="http://puddles.humanfund.ca/20100513/mon.png">

<img src="http://puddles.humanfund.ca/20100513/sndk.png">

10:06

SHORT KBH 16.81
STOP 16.9
TGT 16.63

- KBH gaps down and drifts down as SPY heads up from it's gap down
- take the tight lower high
- out -0.1

10:22

SHORT MON 55.87
STP 55.99
TGT 55.63

- always looking to short MON based on it's daily..
- same story as KBH, gap down and drifting down while SPY gaps up
- short under the lower high
- out +0.24

15:05

SHORT SNDK 43.27
STOP 43.4
TGT 43.01

Geez told me he was doing this trade so I tailed it. Here's how I saw it..

- SNDK relatively weak to the SPY after lunch
- The 1-3pm stretch of SNDK is lower than it's morning lows vs. SPY which is ranging near it's pivot
- SNDK breaks the range to new lows and sets up a lower high (as well as SPY).
- Short below the lower high as SPY does the same.
- the SPY lower high sends SNDK quickly to it's target
- out +0.26
 
Quote from puddles:

<img src="http://puddles.humanfund.ca/20100513/spy.png">

<img src="http://puddles.humanfund.ca/20100513/kbh.png">

<img src="http://puddles.humanfund.ca/20100513/mon.png">

<img src="http://puddles.humanfund.ca/20100513/sndk.png">

10:06

SHORT KBH 16.81
STOP 16.9
TGT 16.63

- KBH gaps down and drifts down as SPY heads up from it's gap down
- take the tight lower high
- out -0.1

boy that SNDK is a pretty chart..glad I tailed you on it!
Nice trading today hotpuddles!

10:22

SHORT MON 55.87
STP 55.99
TGT 55.63

- always looking to short MON based on it's daily..
- same story as KBH, gap down and drifting down while SPY gaps up
- short under the lower high
- out +0.24

15:05

SHORT SNDK 43.27
STOP 43.4
TGT 43.01

Geez told me he was doing this trade so I tailed it. Here's how I saw it..

- SNDK relatively weak to the SPY after lunch
- The 1-3pm stretch of SNDK is lower than it's morning lows vs. SPY which is ranging near it's pivot
- SNDK breaks the range to new lows and sets up a lower high (as well as SPY).
- Short below the lower high as SPY does the same.
- the SPY lower high sends SNDK quickly to it's target
- out +0.26
More...

Boy that SNDK is textbook....glad I tailed you!
Nice trading today hotpuddles!
 
<img src="http://puddles.humanfund.ca/20100514/spy.png">

<img src="http://puddles.humanfund.ca/20100514/ceph.png">

10:26

SHORT CEPH 60.87
STOP 61.03
TGT 60.55

- Big market gap down, short bias today. no longs unless my name is geez and the stock is HAUP
- SPY reverses at after 10am with a few nice green bars
- CEPH barely participates retracing less than halfway back up it's last leg down
- short under the lower high at .87. trade triggered at .87 but i got it at .89. stop stays the same at .03 so adjust the target accordingly with a better entry

- probably should have added to the short under the lower high at 10:55 but wussed out (would have moved original stop to .79 if i added there)

5-4-1 on the week.

go flyers
 
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