Trading Journal - May

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I'm done for the day. This market is to indecisive today which is a formula for late day losses. I'll save money if I turn my computer off and go hit the links. I'll post my executions and P&L in a few....
 
just mashing around, some stocks have hit their intraday low's and bounced

C hit 45.95 at 14:15 EST now 46.32 at 14:46
AOL hit 19.69 at 14:15 EST now 19.86 at 14.47
MSFT at 55.34 at 14:15 EST now 55.53 at 14:47

nothing but a day to make the commission mongers rich
 
TODAYS EXECUTIONS:

14:34:40 QCOM BOT 2000 32.01
14:29:28 KLAC SLD 2000 59.99
14:15:16 QCOM SHRT 2000 31.56
13:52:43 KLAC BOT 2000 59.67
13:47:53 BRCD BOT 2000 21.99
12:12:57 BRCD SHRT 2000 22.39
11:59:28 QLGC BOT 2000 50.75
11:45:24 QLGC SHRT 2000 51.17

OPEN POSITIONS:

LONG PALM 10000 3.63 - 0.88

CLOSED P&L: $1,380 OPEN P&L: ($8,800)
MTD: $45,710 YTD: $205,042
 
Originally posted by limitdown
just mashing around, some stocks have hit their intraday low's and bounced

C hit 45.95 at 14:15 EST now 46.32 at 14:46
AOL hit 19.69 at 14:15 EST now 19.86 at 14.47
MSFT at 55.34 at 14:15 EST now 55.53 at 14:47

nothing but a day to make the commission mongers rich
More...

Please tell me your not subscribing to Waxie!!!! "monster mash" ??? I've heard that lingo too much!
 
Markets Looking at Lower Open

US equities are lower in early trading as Computer Associates' (CA) revenue recognition methods are under further investigation and Lowe's Corp. (LOW) beat earnings estimates. US Treasuries are higher amid a lack of economic data, and world markets are marginally positive.
 
We are in the usual Monday morning sell off after continuing terrorists fears. However, the S&P and DOW closed at high's Friday eliminating the possibility of a triple-top which is positive. We could test Friday's lows today but watch for a rally this afternoon. With Russia and Norway breaking ties with OPEC and increasing production oil prices will likely fall which should boost investor sentiment.

These are not recommendations:

QLGC - Buy

Looking at a 2 month trading range, QLGC has tested support and bounced. There could be some minor resistance at 52.80 area.
Stop @ $50.75
Target @ $57.00
 
Monday after options expiry, unwinding positions and put stock caused the markets to act irradically in the first 25 minutes. Sharp downturns in most stocks, and NASD, while TYC was gapped over .80 positive, and maintaining its leat, now over 23 and trending between 22.80 and 23.05
 
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