Wednesday, May 30, 2007
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
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
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.
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
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
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
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.
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