SD's Short-term -seat-of-the-pants- swing trading

[sd]

It is time to reenter Cree as it is moving up after a week,s consolidation. Presently @ 68 this 10:30 am ,.
Unfortunately, I have no cleared cash available to get back into this trade.
With the slow and weak market today, I see this upmove as a good indicator , confirming what the chart suggests.
I will look to reenter Cree once some cash clears- hopefully tomorrow.

[sd]

Cree is a stock I will like to trade around this coming year.
I think the company's products have a great potential in the next year as energy efficiency isn't going out of favor.
The Chart is what I am looking at now, including the weekly.
My prior purchase and subsequent sell using the fast 60 minute chart was a solid trade, but that same fast chart suggested buying again this am. The weekly chart also suggests this is a good level with relatively well defined levels I could exit on using a longer term chart.
I'm not sure I'm mentally prepared to use a weekly chart to guide my exits, but look at that prior uptrend on the weekly!

[sd]

With a Whopping 9" of snow in NC, the day after Christmas, I naturally concluded the deer would be on the move, and my elusive quarry- that 10 pointer- would fall to a well placed arrow!

With great expectations in the predawn hours, with snow swirling around, I took my position some 20' a pine and waited........................

As you can see by the photo, it was a momentous day when I returned home and found the 10 pointer FROZEN in my front yard!


Merry Christmas! SD

[sd]

My TBL trade didn't perform according to plan!
What I still believe was a very promising chart was sunk by NIKE announcing an earnings miss. What goes up together, also goes down!
2 charts- The 'entry' and the 'exit'

[sd]

Oil is expected to continue to rise, inventories are reportedly weakening. The OIH has been uptrending since Augest.
I split a position using HAL and WFT .
WFT has just moved forward, while Hal is tightly consolidating.

[sd]

China announced an interest rqte increase and oil is reportedly lower this Monday am, despite the whopping snow storm hitting the NE US and expectations for more seasonal heating/energy demand in the US.
In premarket, the discussion on China's rate increase may be seen as a market negative- All of my positions were lower in premarket- and so I raised stops on most.
Cree was also looking lower, and so I looked at a chart of TWM- Russell 2000 ultra short .
I decided to go ahead and take the short trade as the market opened, I got filled @ $12.52 incl comm.
As the morning wears on, I here the 'Boink" as another position stops out. 5 so far.
AEM the worst loser, amzn out with gains, mdrx out with a minor gain, hal out minor loss, ntap small loss.

At this moment, my twm trade is losing momentum and is down slightly. We'll see what we have by the EOD
Chart with screenshot @ purchase:

[sd]

Follow-up TWM retraced and hit my stop-
Twm appears to be basing here.

Cree is consolidating sideways, and I may go ahead and take a lower entry and set a close stop.

[sd]

the MDRX chart looks more inviting for a possible entry than Cree .

60 minute chart of MDRX with potentian buy-stop 19.32, limit $19.40.

[sd]

mdrx daily

[sd]

Was filled on MDRX trade- Cree's price continues to compress
I would be tempted to buy here @ $66.26 with a $65 stop! Instead, Freed cash went to MDRX today-

[dg]

SD:

Congrats on getting that 10 pointer deer. You should be all set in roasts and sausage for a while.

[sd]

d**n if it Aint a bit Chewy!

[sd]

Welllll,
New Year's eve , bowl of Chili in the belly, climbing stand wrapped around a NC pine ready for the last day tomorrow-Snow almost gone. Weather predicts 60 tomorrow!Work after wards. Nice to have a job though!

Finally got some cash freed up- ( I need a larger account!)
Of course, my Dark Side again had me Buy TWM. and my position closed up $1!!! This portends well for 2011!

Also bot some AA, DWSN, RSX, and a spec (small position) IMAX.
Received a belated Christmas present to myself
"The Layman's Guide to Trading Stocks" by Dave Landry

Here's to a prosperous New Year in 2011 All!
SD

[dg]

sd:

(slow cook) & (aging)

[sd]

My prior TWM trade stopped out for a loss.
However, the price action Friday caused me to take another entry as price seems to be basing and testing to move higher.

This is of course , a very early (premature) jump at an expected change of trend attempt, and the market uptrend could easily resume higher.
My other positions are long however,
2 charts- stopped out & reentry:
One thing I should hasten to add here concerns someone trading based on their 'Belief" about what the market 'could or should ' do. As I well know, the market could care less about my sentiments. We should trade the market we see.
SD