01.31.08
Posted in Uncategorized at 2:42 pm by Razor Trader
9:38am $27,717…$PP55,434…no trades no positions ALL WEEK…waiting unpatiently, if thats a word.
… Reaction from the Fed so far will cause many a bull to throw in the towel, and the towel is soaking wet already. The week setup is very muddled…
10:30am
…the S&P and the market –FIGHTING BACK…"Good". Needs to be "BETTER" …
12:43pm
…I had 2 stocks from yesterday I troed to get to run up to yesterdays highs: GENZ ESRX. ESRX got close but was way too hot to touch on the open….GENZ is still in position, but other than that I have no stock setups….Wish otherwise, but this markets setup in really mixed….The week has no organization, which makes grabbing a direction hard. Obviously, that is the story this week. IT does not setup fro the trades I look for, in fact no stocks have setup for me the whole week. I wish you better trading….
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01.30.08
Posted in Uncategorized at 4:27 pm by Razor Trader
11:26am $27,717….PP$55,434
…just waiting……….I really don’t like Fed days, but today is Wednesday, one of the big 3 trading days of the week! So stay tuned. Comments, bets, new ideas? Let me, Us all, know!!…
12:10pm
…STATE OF THE MARKET … take away the straight line Boeing is drawing and some biotechs and health stuff: DNA GENZ ZMH ESRX WLP, athrow in STT, and the market does not have much to offer. The S&P 500 doesn’t shape up that well….BUT, straight line move always changes things when Uncle Ben comes to town. It may be time to catch up on the trading journal, make a frozen pizza and wait until 2:00-2:15pm…discussions on CNBC at 2:00pm are worth a look. ANYTHING is better than Power lunch w/ Sue the giant and Bill the dwarf…I can not even mute that CNBC period when they are on, terrible!!! See after the chaos ensues….
1:40pm
…List is 2 stocks: ESRX GENZ …the range on both is very full, but there is money between here and the high… GENZ 77.10 ESRX 66.77 @ 1:41pm
…DOW -37 S&P 500 -4 Nasdaq -10 …Fed at 2:15pm…
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01.29.08
Posted in Uncategorized at 4:03 pm by Razor Trader
10:58am $27,717
…Good morning. Yesterday, Monday, gave a real nice close to the day. I do not like Monday’s, and until 3:20-3:30pm, most of the stocks looked like they would not break on up. I look for the move between 1:30-3:00pm, so when the late moves come, I’m out. To a long term position, the higher the better whenever it happens. But not for my day trades…
11:01am
..today, so far so good. A market that just hangs around, at these +30-70 levels can be a real asset in a few hours. I’ll be back before then w/some setups…
12:14pm
…there are sooo many good looking stocks at this hour. I almost need a washout of some sort to narrow down the list!!!!
12:19pm
…I’m thankful a bunch of oils stocks are rolling over, I need to narrow things down a bit….
1:34pm
…SU HIG BNI
2:34pm
…do or not do at 2:34pm for HIG 79.16….need 79.40 to keep going much higher!
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01.28.08
Posted in Uncategorized at 3:35 pm by Razor Trader
10:32am $27,727 $PP 55,434
…Good Morning. Kinda. It is Monday, which is a terrible day for bull trading. If you have been reading this blog you will know that I dislike Mondays. Exception is Mondays that open gap higher, and stay that way all morning. That is not today…but I’ll be around anyway. Another early release day for the kids, you have got to be kidding me. 6 early release days in a row. Terrible for trading at home…
11:41am
…4 stocks on my early list: MMM APD GENZ LMT
1:05pm
…stocks are really moving right now, but 1:45-2:15pm is my area to jump on…
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01.25.08
Posted in Uncategorized at 4:34 pm by Razor Trader
11:30am …$27,717 $PP 55434
…I awoke at 6:30am, after working until 12:00pm, to get ahead of things this mroning. Instead I had to help people with a bunch of time consuming stuff, that’s as nice as I can talk about it…
11:31am
…You would not believe the stupid day trade exits the last 2 day. I was a moron not to be $1400 up, getting out a combined 6 minutes on 2 trades. Anyways, the trades have been surreal, my trading has been an utter… bad timing. I will continue to pump out the trades but make better exit decisions. What sucks is that I was never down even 15 cents in either trade…..whatever, right?
11:34am
… I gave up Wed. on the indexes but had an awesome trade, today i give up again on the S&P 500 and the DOW and Nasdaq, and they will not come back for much. Wednesday market dipped into give up territory, but only for 5 minutes, today is different…not a good different…
11:49am
…DOW -4 S&P 500 flat Nasdaq +7
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