<img src="http://puddles.humanfund.ca/20100614/spy.png">
<img src="http://puddles.humanfund.ca/20100614/chk.png">
<img src="http://puddles.humanfund.ca/20100614/gg.png">
<img src="http://puddles.humanfund.ca/20100614/rimm.png">
<img src="http://puddles.humanfund.ca/20100614/rmbs.png">
<img src="http://puddles.humanfund.ca/20100614/wynn.png">
<img src="http://puddles.humanfund.ca/20100614/aig.png">
9:56
LONG CHK 25.31
STOP 25.21
TGT 25.51
- SPY gaps up and chops downard from the open
- CHK gaps up and shows strength
- Long over the higher low,
- out +0.2 (almost HOD exit, phewf)
10:21
SHORT GG 42.58
STOP 42.72
TGT 42.3
- GG very weak from the open
- SPY starts to rally after 10am, GG gets even weaker
- Look for an entry under the next lower high
- out -0.14
10:31
LONG RIMM 61.26
STOP 61.13
TGT 61.52
- RIMM was acting much like SPY from the open but put in a few big up bars
- SPY made a similar move up but not as strong then started drifting down, RIMM held it's level through this
- Look for an entry on this relative strength
- Long over the tight higher low
- out -0.13
10:38
LONG RMBS 18.81
STOP 18.73
TGT 18.97
- Opened weaker than SPY (actually missed an early short on it)
- Rallys to new highs showing some great intraday strength
- RMBS rallys with SPY but doesn't pull back with SPY (like rimm)
- Long over a higher low
- out +0.16
10:49
LONG WYNN 84.59
STOP 84.31
TGT 85.15
- Good strength not pulling back with SPY from about 10:20 on
- Puts in a big green bar and then a pullback
- The next bar after the pullback returns back to near the highs
- Look for a tight bar to go long over
- out +0.56
14:42
LONG AIG 38.12
STOP 37.99
TGT 38.38
- SPY was weak from noon onward, AIG quite the opposite
- Look for a tight higher low to enter on
- Pretty much a perfect entry as the stop size is tight and under a round number
- out +0.25 (slip)
http://puddles.humanfund.ca/wp/2010/06/14/2010-06-14-trades/