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.