So, my predictions were right from the weekend! We had a sell off in the AM, and then recovered at the close. The market was still down at the close, but we did show strength which keeps me bullish! Also, my swing trades are going really well now. PCX finally popped up and is just under $5.00. I think we'll see this one run up to $5.50-6.00 in no time. I've been in PCX since late February, and its nice to finally see others talking about it. I am hearing people on Daytradingradio.com talking about PCX which also gives me more confidence in this trade. In the mean time, HW pulled back, but still looks decent to me. Rack also pulled back but nothing that hurts too much.
Day trading was SLOW today. I took a trade in ABT looking for a big move, and was up 40 cents at one point, only to have it come back down to my entry. I took 4 cents profit on this trade, and then 2 cents profit on a trade in FAS that I took just out of boredom. Then at 12:58, I took a trade in SPG and held until 3:51pm. I made $1.55 on this trade and then took SRS long when SPG began to sell off. Overall, I made $1.82 profit trading 100 shares at a time for $182. My trade in SPG is below:
I am looking forward to seeing 875 on the S&P this week!
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