Light Volume Jolt

• Posted by UpsideTrader
• on October 5th, 2009

+++Was today just a technical bounce before more pain? We’ll see. It was a very light volume display of strength, quite anemic actually. Commercial real estate caught a bounce along with the financials, and materials and oil caught a pop off the weak dollar.

I had a tight stop on BAC, maybe too tight and it stopped, I plan on revisiting the name soon.

Net on the day the Dow was up 112.08 to 9599.75, the S&P 500 up 15.25 to 1040.46, and the Nasdaq 100 up 13.15 to 1675.54.

Advance-declines were positive by 5 to 1 on New York and by 2 1/2 to 1 on Nasdaq. Up/down volume was 9 to 1 positive on New York on total volume of 1.1 billion. Nasdaq traded 2.3 billion and had a more than 4 to 1 positive volume ratio.

We are loaded for bear so no new additions tonight, please review the stops on the list.

Date	Symbol	Buy Price	Short Price	Stop	Action	Result P/(L)	Triggered
9-24-09
	MCO		23.00	23.50	Sold 1/3  sold 1/3	+2.00 +4.30	yes
	MHP		26.19	26	Sold 1/2	+2.00	yes
	NAV		40.31	40	Sold 1/3, Sold 1/3	+1.30 +3.00	yes
	QSFT	16.30		16	Sold 1/2	+.80	yes
	SIGA	8.43		7.65			yes
	MELA	10.50		9.50		-1.00	yes
9-28-09	COCO		17.29	18.25			no
	ZION		17.39	19.00			yes
9-29-09	AZO		142.00	146.00			no
9-30-09	YGE		11.90	12.60			yes
	VNO		63.00	65.00			yes
	XCO	19.05		18.00	stopped	-1.05	yes
	MHGC	5.60		5.20		-.40	yes
10-1-09	CALI	6.35		5.50			no
	CENX		8.97	9.60			yes
10-2-09	X		41.10	43			yes
	BAC		16.02	16.80	stopped	-.78	yes
	AAP		37.70	39			yes
10-05-09	EXC		47.78	50			yes
	CSX		41.25	43.00			no
	JEF	27.60		26.25			yes
	TSPT	14.35		13.00			yes
	AGCO		25.77				no

Follow @upsidetrader

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus