Wednesday, May 30, 2007

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.