Wave Chasing

Really could have done without that late day slide.  Regardless – April was a terrific month and we can’t really bitch too much, can we?  That much closer to the beach.

Closed:
TEVA, +1.61%, held 3 days (3×2)
JCG, +5.86%, held 5 days (GTrades)

Month to Date:
My ports: 4.82%
Brokerage: 6.13%
BBE Overall: 4.31%
S&P 4.87%
% of Trading Targets reached: 156.68%
I’m screwed ratio: 1.0 to 48.8
Long to Cash %s: 67.42% to 32.58%

Market still seems undecided as to whether or not this was what it wanted…

I really do think today would have been better had we not been waiting on the Fed’s action (or inaction) tomorrow. Personally, I’m still not expecting a rate cut, despite all the cries of “25 points baked in”.

Guess we’ll know this time tomorrow, won’t we?

Closed:
GLW, +5.42%, held 15 days (GTrades)

Opened:
GENZ (3×2)
GTrades pick

Month to Date:
My ports: 4.49%
Brokerage: 5.97%
BBE Overall: 4.05%
S&P 5.39%
% of Trading Targets reached: 144.65%
I’m screwed ratio: 0.8 to 48.8
Long to Cash %s: 79.69% to 20.31%

US Airways & United? I’ll never be able to find a reasonably priced direct flight from DC to PHX ever again…

MSFT & YHOO are still doing the 2AM last call beergoggling.

Mars & Warren Buffet chew on Wrigley’s.

Even with all that, seems we’re in a holding pattern on the Fed. Personally, I’ll be surprised if we see any rate cut.

Opened:
GTrades pick
TEVA (3×2)

Closed:
AUO, +5.53%, held 6 days (GTrades)

Month to Date:
My ports: 5.13%
Brokerage: 6.59%
BBE Overall: 4.86%
S&P 5.80%
% of Trading Targets reached: 163.13%
I’m screwed ratio: 0.8 to 48.8
Long to Cash %s: 73.72% to 26.28%

Honestly, not that exciting of a day.  Maybe I’ve gotten too numb to the volatility.

Opened:
2 GTrades picks

Month to Date:
My ports: 5.10%
Brokerage: 6.38%
BBE Overall: 4.95%
S&P 5.78%
% of Trading Targets reached: 159.92%
I’m screwed ratio: 0.8 to 48.8
Long to Cash %s: 67.76% to 32.24%

Housing numbers weren’t so hot, but some strengthening in the dollar helped the market shrug it off.

Closed:
AMAT +1.92%, held 3 days (3×2)

Month to Date:
My ports: 4.64%
Brokerage: 5.61%
BBE Overall: 4.11%
S&P 4.75%
% of Trading Targets reached: 142.73%
I’m screwed ratio: 0.8 to 48.8
Long to Cash %s: 56.07% to 43.93%

Sort of an all over the place day – nothing opened, nothing closed. EMC earnings tomorrow morning.

Month to Date:
My ports: 4.73%
Brokerage: 5.67%
BBE Overall: 4.24%
S&P 4.42%
% of Trading Targets reached: 144.64%
I’m screwed ratio: 0.8 to 48.9
Long to Cash %s: 60.92% to 39.08%

I’m in the process of upgrading WordPress tonight – so if everything breaks, that’s why.

Oil seemed to be the big pressure today, despite some good earnings out there.

Big question for tomorrow: Will EMC & VMW hold tonight’s after hours gains into tomorrow????

Opened:
AMAT (3×2)

Closed:
SVR, -10.96%, held 10 days, stopped out (GTrades)

As great as this month has been, it’s only to be expected to have some down or flat days.  I’m actually surprised we weren’t down further – I would have expected more profit taking.

Opened:
3 GTrades picks

Closed:
ADM, +4.81%, held 3 days

Month to Date:
My ports: 5.36%
Brokerage: 6.19%
BBE Overall: 5.05%
S&P 4.99%
% of Trading Targets reached: 164.00%
I’m screwed ratio: 0.6 to 48.9
Long to Cash %s: 60.23% to 39.77%