Robot

I am no longer posting live blog during the day due to time restrictions. However I do have a robot that trades the market real time and writes its own blog. Please go to http://www.mytradingrobot.com for more.

market

market trying to bounce up here some into last hour, futures moving up but stocks not following yet overall.

longs status

Here are the current status of the longs:

HOLX down .25
GPRO up .10
JSDA up .40

short status

Lets see how our shorts from the AM are doing so far at current prices:

GS down .50 loss
UTX up .20 gain
RHD up .70 gain
WYNN up .40 gain
PBR up .50 gain
MUR even
LLTC up .10 gain
MDT even
USG up .85 gain
LRCX up .60 gain
DD up .90 gain
CNI up .30 gain
VMC up 1.80 gain
PPDI up .10 gain

not too bad so far, prob lock in here mkt is way down no sense pressing bets further

market

Market just had its first bounce of the day, ES bounced upto 1523 area prob good short - although it does have room to 1524.50 area

GS

GS coming up short here 225.35

more shorts

UTX coming up now short 69.78, RHD 77.13, WYNN 96.61, PBR 109.26

MUR

MUR coming up short here 59.21

VMC

VMC drops over 1pt, has room for more easy if mkt keeps selling

LLTC

LLTC coming up short 35.85 - although semi are much stronger overall than mkt so not sure

MDT

MDT coming up short here now, 52.50

LONGS

GPRO HOLX and JSDA looking long (55.42,55.05, 17.65)

ITG

ITG flagging short here at 39.50

USG

USG short at 51.15 - dont trust this one tho

LRCX

LRCX short at 53.25

more shorts

DD short from 51.84, CNI short from 54.15

shorts

VMC coming up short here 119.20, PPDI coming up short 36.30

shorts

because of the gap down im getting huge amount of short signals here but they may try the rescue up first - here is the list: PZZA GRMN COLM MMM ESRX MA have the signal - these are on watch - SBUX TRMB AVID TSAI CAL ANDE LNCR FORM BYD HON JBX LEAP MICC RTI IBM FDX

am market

market is opening decent down - article about Morgan Stanley issuing a big sell signal in Europe and expecting a 14% decline from current levels.

longs

glad I bailed on all longs about an hour ago, market was just not bouncing that strong.

market

market still acting short - they tried to rescue earlier but still under pressure. Might be one of the patented all out days where stuff gets killed. Also worth noting is the 10 year yield is 4.991 - psychological 5% is very close where some have speculated people will take profits in market.

HAL

HAL daily looks long here 36.52

NVDA

NVDA looking long here 35,.84

CROX

CROX explodes over 2pts higher now

ESRX

ESRX selling pretty hard here, might be short 100.85 area small then add on bounce

BRCM

BRCM making new highs as mkt sells off, another one on my buy list, 31.20

SNDK

SNDK holding near highs as mkt is near lows, added some long 43.90 for a shot

shorts

QCOM and SBUX looking short, so far market does not bounce up

CNX

CNX acting pretty good, 49.40 might be worth a shot long

MA

MA looks short, but am not going to touch here, on retrace up to 149.50 area might try some

AET

AET might be a short here 52.50 area

CROX

CROX coming up long here 82.80

AM

market opens down to some weakness, will be interesting to see if we actually have a sell day or this am selling will be reversed. LMT looks short, CHRW, COH, ENER and some others but cant do any yet because mkt may pick up per usual

market

really not much action setting up for last 2 hours - no real ideas right now market is stalled. Would not put it past market to try to squeeze into close though for all the shorts betting that china selloff would tank us market

FRPT

FRPT 3rd big sell day in a row, looking long to me for reversal later, 24.80 - risk today is prob about 50c from here its down 2.70 now

CYPB

looking to go long some CYPB here 15.15 area

FSLR

FSLR looking long here 69.50 will try to see if I can grab some on .30 or so pullback

RDC

RDC and XRAY looking long here,

IDXX

IDXX looking long here 89.20

CYMI

looking to short CYMI 39.80 area here

MOGN

locking in MOGN here 22.05

PCLN

PCLN looking long here 62.80 might wait for pullback a bit, market seems to have stalled at ES down 2.50 area

NVDA

NVDA looking long here 35.18, LEAP looking long also, on radar

HITT

HITT breaking below 200 day average, looks like decent short, im watching it now and prob will go in, 40.32 area - still possible they rescue it once again

THLD

trading 1.64 now looking good

TSL

TSL trading .75 higher now

VLO

VLO pushed .40 higher,

SBUX

I like SBUX long from 28.90 for follow on move to friday push

TSL

TSL looks long for a shot from here 42.60 not really down at all on china, already recovered the small loss

CI

CI long from 170.15 area, watching for now might jump in some

BWLD

BWLD watching here for long at 87.30 daily looks due for big pop

VLO

VLO looks long here 76.20 although oils can be tricky

CELG

CELG coming up long 62.20 daily looks like it can run

THLD

watching THLD for possible pop from 1.56-1.58 area they are presenting at ASCO tomorrow, lots of shorts in there might be good for .15-.25 pop

MOGN

MOGN looks long from 21.80 here, daily has some room although vol a bit light

AM

After big selloff in China, will be interesting to see if the US market cares at all - opening slightly lower but not by nearly the amounts it has in the past when china has sold off.

MCO

MCO hitting new lows of 69.16 now with about 1 hour til close

EK

EK moving up sharply, over 50c now from trigger

GROW

Big move right on target as GROW explodes 2.50 higher

GROW

GROW looking long here 21.58 been very quiet past 2 weeks could be ready for big move

EK

EK coming on long here, prob hold over til monday daily looks good - however its been a bit of time, they may get some lame lbo rumors going on it again ike they did end of april

IDXX

IDXX looking long here 89.04, kind of thin but can move if volume comes in - prob is ok to watch about 89.15-.20 to add, that way more volume has to come in

WLP

WLP just dropped .25, locking in here

CELG

CELG looking long here 62.20, daily overdue for bounce play we will see if it can hold and build

ORI

up about 15c from post, closing it here, stalled out 21.90 area

MCO

MCO looking short 69.55 area

WFMI

stock hitting new highs on day now, 41.87

DAL

DAL hitting 19.80 now

VLO

VLO coming on radar long here 76.22

MUR

MUR looks long here 59.57

LCC

LCC daily looks short, 35.15 area but might be a day early on it

VRTX

still watching this name, seems its probably 1 day early as they still try to fade the upmoves. will add to list for later today or monday

LFG

LFG spiking up 10pts, they do title insurance, looking at ORI as follow on play, chart is setup for .50-1pt pop, adding soem 21.67 not much risk if it does not follow or get picked up

DAL

looking at DAL long 19.35

VRTX

VRTX daily looks like ready for bounce up, watching it here at 30.20 area might add some

MOLX

looking at MOLX long here 30.33

WLP

looking at WLP short here 81.86 area

RIMM

dropped over 1pt from that short, locked in and move on

RIMM

RIMM is weak, futures up over 9 points now and it cannot rally, looks short from 165.60 area

NTRS

NTRS coming up long 65.22

WFMI

coming up long on radar 41.50

GOOG

GOOG showing weakness last 2/3 of day - cannot bounce much but I think it tries to gap up tomorrow so I may put it on my am short list to short on pop

CENX

CENX spiking thru highs, up about 1pt now

UNP

UNP up 1 from post, locking in

TSAI

TSAI over 34 now

DDS

quick .75 pop on DDS

DDS

adding DDS long 35.50 chart ready other retailers taking off

CAL ANF

CAL coming on radar long 40.40, ANF 82.29

SRDX

adding SRDX long here on big dip, was way up yest and it retraced 75% of the up move today it should bounce up later, 37.85

PCU

PCU coming on radar long here 89.18 as market making new lows, will watch for entry

UNP

UNP coming up long here 120.05 - market pulling back some should be fine

TSAI ITG

TSAI and ITG pressing higher

KYPH

KYPH pressing new highs for about .70 gain from alert

CENX

CENX pressing 56 area now, nice .60 upmove - selling some here

CTRP

CTRP coming up long here now 77.10 might be worth a shot - just watching for now because its a china stock, those have been under pressure lately

CENX

CENX daily is setup for long, other metals trying to rally, might take a shot

UTHR

cutting UTHR short earlier stock is getting rescue today vs selling

AKAM

AKAM drops .50 fast, covering here on this dip 42.40s

AKAM

taking a shot and shorting AKAM near 45, its up 2.50 on the day almost - should be close to pullback area

PZZA

PZZA coming up long on radar 31.53 - chart is primed for move if they can punch it thru the 200 day resistance

WYNN

WYNN coming up short on radar 94.25

UTHR

looking to short some UTHR, daily looks short and its not pushing up with market - that may change tho but hod can be stop, about 30c away

DOW SOHU

DOW and SOHU both on radar long, 45.70 and 25.81, MMM coming on long 88.25

IVGN

IVGN on radar now long 72.67

TSAI

TSAI coming up long now 33.38 - not alot of volume yet but daily looks like its ready for pop higher - watching

ITG

coming up long also 39.90 with the buyout of AGE it might go some since its in the same space (but is not a broker)

KYPH

coming up long on radar 46.70

GROW

GROW explodes higher 2.50

FDX

FDX nice bounce up so far from the lows and entry area earlier

HOG

HOG backing off as expected, trading 61.60 now

UTHR

UTHR coming up short on radar here 65.75 daily looks good for short for 1-2pts might be done for today though unless selling really picks up, its down 1.20 already

BID

looking to add some BID long here, 46.30-.35 area

ITG

ITG coming on radar long here at 39.75 - daily not bad prob a day or 2 early for any big move

AKAM

looking at AKAM short here near 42 area does not rally at all intraday

DNA

I got my DNA 40c pop, sold it and out

MGM

looking at MGM long here 79.10-.15 area might be ready for another up move attempt

HOG

looking at HOG short near 62 area for possible retest of lows later on

DNA

adding DNA here near 78, was strong yest and co has pattern of selling the next day, its down 1 here betting on recovery 30-40c into close

PAYX

closed out PAYX here for 20c profit, got 5c away from my 39.15 goal and is bouncing - market is not really weak take the small profit and move on

IBM

IBM coming up long on radar now

PAYX

PAYX coming up on radar here short 39.50 - taking initial position but expecting a bounce attempt since its pretty much gone straight down last 30 min.

ANF

ANF went up thru my stop zone, but waited it out cause only put on small position - dipped back down covered it for 14c loss and move on

Fed minutes

Fed minutes due out later today - if per usual pattern whatever the market did on the fed day (up big this time) will do the opposite when the minutes are released. Expecting selling later today when they are released.

GYMB

GYMB coming up long here on radar 43.00

WHR

dropped about 50c from short area, if market sells off easy can see 109-109.50 but market is pretty strong, taking gain here and look to redo again later

WHR

shorting some WHR here 110.75 for a shot, stop 111.20 for now

ANF

watching ANF for possible short here 81.45 area stop 81.70 or so, has been in downtrend past few days, betting they sell it back to even

crazy buying

seeing crazy buying in bunch of names CAT LVS VRSN which my guess per usual when done that is it for the day

LVS

LVS just went positive after being down 1, might try some in a bit and watching WYNN usually trades with it, still down 1pt adding some here for a shot

RIG

RIG chart good and showing some strength here

JOYG

what a move - took about 30 sec for stop to hit, now its 1+ higher - someone obviously is in a hurry to buy stock

JOYG

opened down 2 now up .50 taking a shot here short with .50 stop

CELG

after selling down 4 days in a row CELG might be a ticket long today with everything else selling often times biotech/drug stocks get a bit stronger. Watching for entry 61.85 area

WHR

Watching WHR for short again, it gapped down and it pushing up - maybe 110.75-111 might be worth a shot short - will have some resistance 110.8-111.4 from yest afternoon trading range.

TSL

TSL gapping down nice this am and into the 45 target range (upper) - would consider taking some profits here on at least half with the 3pt gap down hold some to see if we get more selling later.

AM market

It will be interesting to see if they can actually sell the market today. With China selling some, perhaps we may see an actual selling day again - with the last one last Thursday its probably not due for at least 3 weeks if we keep with the same pattern that has been in tact for months and months now.

FWLT

moving up some into close, but lagging vs normal behavior. Exiting here 99.60s

VMSI, FDX

VMSI coming up long here 51.45, FDX also 108.40

semiconductor

semi stocks pushing a bit into close, lbo rumors out on KLAC (doubtful imo) - but its pulling up some names

TSL

TSL looking short here for 43-45 targ in a few days - will depend if China market sells off

FLWT

Added some FWLT long 99.45 for bounce attempt

market lows

market sells to lows over last hour on rumors that China will raise the stamp tax on stock trading. Will look for shorts in about 45 min if market cannot recover.

FMCN

covered FMCN for 10c loss, did not drop at all when ES dipped about 4pts down

RIMM WHR

covered RIMM and WHR for about .70 profit on this dip, POT also for 1pt

market

market starting to break down a bit - perhaps today is follow thru from thursday selling

TXN

stopped out TXN long .34 loss

FMCN

shorting some FMCN 42.75, slow downtrend all day, goal is to cover on spike down about 50c

RIMM

taking a shot short RIMM 165.50 acting weaker today risk is about 1pt or so

JNJ

covered JNJ 62.92 for about 20c gain

WHR

shorting some WHR here 111.15 area - might bounce up from this dip but daily looks ready for 1-2 pt drop easy

Utilities

Dow Utilities average looks like bounce play - look to IDU, UTH, XLU for etf play on it - I will look later on in day to see if its still holding up

LEND

sold LEND 14.80's not getting the big push I expected

JNJ

JNJ coming up short 63.10

HON

added some HON long 57.34

MMC

covered MMC even - had about 10c on dip but its not really selling - cover and move on to other ideas

WLP

I covered too early, basically scratched it for even cause it would not drop only to watch it drop .25 within 5 min of covering - happens all the time :)

UPS

taking UPS profit here for .32 @ 71.37 area

LEND

LEND looks long daily - added some 14.65 on dip

TXN

going long some TXN 35.38 on radar pickup

MMC

shorting some MMC 33.02 almost unch after big rally from downgrade.

YHOO

covering YHOO and EBAY on this downdraft for about 14c each profit, covered MMM for small loss after avg into it on buy program spike

WLP

shorting WLP 84 area

YHOO EBAY

shorting YHOO and EBAY here both rally to unch after downgrade to neutral this am

VRSN

covering VRSN here 26.86 area

VRSN

shorting VRSN 27.10 on downgrade, rally all the way back to unch from down 80c or so

MMM

watching MMM for short opp, perhaps on bounce up to 86.75 area

UPS

oil is down, looking to go long some UPS near 71 area

RL

RL daily looks long from here

flat

just covered all shorts, seems a complete waste of time today stuff is not trading that good to stick around

GS

Stuff is trading really thin - covered GS for measly 20c gain but its jumping around 15-20 up and down on 100sh prints - not worth the risk today

GS

GS is not rallying much with the futures, just shorted it at 126

DOW

shorted some DOW here, and some FORM - looking to short IBM hopefully near 105

CELG

going long some CELG 62.50 for bounce play - covered POT for even just not selling

PAYX

shorting some PAYX here

POT

shorted some POT here 199's - stop 201 area

ITG UPS

ITG looks short - UPS coming up long 71.04

CELG MNST

CELG might be long here, this is 3rd sell day after gap up, looking to try some for reversal - MNST looks long also on daily

MER GS

MER and GS looking short also

GILD

GILD coming up short on radar - might do some in a bit

BSC

BSC looking weak here, might consider a short on a bounce up

AM ideas

Not many ideas this am - its the friday before 3 day weekend so would be suprised at another big selloff - usually drift is up into these holidays. POT looking to short > 198, BIDU if it sells again, I am looking to buy 126.50-127 it should bounce decent from there.

JNY

JNY daily looking short - might be good play for tomorrow but would like to see some selling into close to maybe 29.50 area

pm market

so far this afternoon market has been unable to make new lows by very much - dont think it will happen today but would not rule out eod shortsqueeze to move averages decently off the lows of the day.

shorts

GILD EME MS DD all coming up short right now

FMCN

FMCN target hit 41.50s

CMG

CMG running to highs of day - looking at BWLD as possible play to follow it up if the market can regain some strength - trade to 88-88.20 area

shorts

just shorted BRCM CAH CYMI on pop up here

FMCN

watching FMCN for long from 41 area, 3rd slam day might be ready for bounce after big earnings pop

brokers

GS and MS, LM looking short - on list for later

exit homies

took RYL KBH for about .20-.25 each and closed out since middle of day sold TOL for about even

homies

just went long TOL KBH RYL for bounce play

shorts

shorting NVDA TSRA AKAM SNDK GTRC here on this mkt pop

test

market bounce

as expected the market is trying to bounce up - will look to short some stuff at ES 1522-24 level that would be good spot and is just under the last pivot high

possible longs

looking at CROX and BIDU here possible longs - going to wait another 20 min to see if mkt stabilze with ES down 9 - usual dip is 9-11pts then they stop for the day - occasionally it will get some panic and go much more but that is rare

new lows

market making new lows right now, seems as if we are having one of the elusive "sell" days in the market - its been so long I forgot what they look like ...

HNSN

HNSN moving to highs of day as market at lows - looks like sellers that have been there for weeks might be done - looking to add 20.20 area

shorts

KYPH MNST GTRC GILD QQQQ coming up short right now

RIMM

RIMM looks long from here 161 area for bounce, should be ok as long as ES does not collapse further

BIDU

BIDU now dropped 4pts from 133.45 high which was expected for shorting - currently 129.60

iran comments

about 10 min ago Iran made comments about Israel if they attack lebanon - hit the markets some, not sure if it will carry through the day

IBM

Sold IBM here 105.80 market not that strong right now

TSRA

TSRA dropped about 20c - covering short because no volume increase on breakdown

IBM

IBM might be long here 105.50

DRIV

DRIV coming up short here 50.30

IMCL

IMCL coming on radar long here 40.78

HNSN

watching HNSN long, daily way overdue for 2-3pt pop higher - needs to get thru 20 with some volume. Market spiking to new highs after econ data

MA

MA looking short here near 140, might go in some but econ num due out in 2 min. - stock cannot really push higher with ES futures

HON

So far about 30c pop in HON to 65.65

ICE

ICE dipped to about 145 as expected - exiting now at 147 area for decent gain

HON

HON this is the 3rd sell day from big uptrend looking to go long 56.30 right here

TSRA

TSRA coming up short now 44.14, its right near lower support, so may try to bounce up

ICE

ICE at 146 area now as market sells, might get to 145 but would expect reversal attempt today

trades

CDWC coming up short now 76.80, MSTR also 102.31

AM watch list

BIDU is gapping up about 2pts after the china scare yesterday from greenspan. I might try a short if it gets 133 - 133.50 area. AMGN gapped up and held all day yesterday even into the market sell into the close - might be long. SGMS tried to breakout and faded way back with the market - alot of times these types will go again so that is on my watchlist higher. XRAY daily looks ready for big move up but has met with sellers past few days on moves higher. ICE is probably add long if it dips to 146 area - it ran from about 139-152 in 3 days on a breakout from a nice base area. 146 is about 60% retrace of the rally and will be the 2nd day down - should be ok as long as the market is not in major sell mode. KKD daily looks higher still, and I have BBI on the radar as well to try to begin moving up to 4.65-4.80 target.

Trading

This blog is setup to share our trading ideas and commentary as they happen during the day. We have a number of tools we use to find ideas and will share as many of them here as we can.

I (Trader X) have many tools I have developed over the years on Tradestation to scan the market for ideas. The main one I use is called Momentum Combo and finds stocks that are ready to make a significant move. It knows ahead of time what the average move is historically when a signal occurs, the average risk and more and notifies me in real time and then tracks the signal until its gone. It is based on pattern recognition of what all stocks that make big moves have in common as they move up or down. I also use Neovest FirstAlert, Briefing.com, real time trader chats and more. I have a trading partner that I bounce ideas off of to try to hone down the best ones which I will try to share here.