Trading Journal - July

Seanote,

QLGC has been weak relative to NDX all day. What are your plans for AMGN? I am short and hurting. Talked to a guy last night who is a manager at a mutual fund shop and they love it.
 
Originally posted by AAAintheBeltway
Seanote,

QLGC has been weak relative to NDX all day. What are your plans for AMGN? I am short and hurting. Talked to a guy last night who is a manager at a mutual fund shop and they love it.
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My buy stop on AMGN is @ 48.18. The chart makes no sense as to why this rally has taken place. Also, all mutual fund manager's or assistances love any stock their open in. We'll see what happens, but I expect some retracement soon.
 
Originally posted by Seanote


My buy stop on AMGN is @ 48.18. The chart makes no sense as to why this rally has taken place. Also, all mutual fund manager's or assistances love any stock their open in. We'll see what happens, but I expect some retracement soon.
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Let's hope we don't get there although I'm getting the bend over and grab the ankles feeling for this one. I see QLGC ramped right after my earlier post, oh well.
 
I just received my books for the Chartered Market Technician (CMT) Exam. Has anyone taken the tests or know much about the program. I have a couple friends that have taken level 1 but I was curious of outside opinions or experiences. Thanks.
 
Originally posted by AAAintheBeltway


Let's hope we don't get there although I'm getting the bend over and grab the ankles feeling for this one. I see QLGC ramped right after my earlier post, oh well.
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Triple A, the biotechs have been one of the few sectors not to get a new A torn into it in the last month. If there is a technical reason to stay short AMGN now I can't see it. Tthat big day down last week was a bear trap.
 
Closed:

5K QCOM - 1.55 points
6K CSCO - .42
5K MERQ - 1.23

This rally will burn off by I'm not willing to hold these positions anymore. Todays close will be significant which will tell us what institutions are willing to hold over the weekend.
 
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