Tuesday, June 5, 2007

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