Just sold MOH @ 31.31 and SYNA Calls @ 1.50
Looking around today we see oil open much higher then give back most of the gains as the inventory report showed a rise in inventories. You saw energy names spike up, then give back most most of their gains. Most of them currently stand to the upside but well off their highs.
I have a few open positions that are very affected by energy prices. At this point, most of these stocks just have too much volatility to play here. I would be comfortable getting into the right position at the right E/E.
Two stocks that are torching me today are SCHN and FST. A steel and oil and gas play. SCHN would provide a good E/E with a stop at 70 right now but I got in way too early on Monday. I am looking to close FST today as it broke above the descending trend line.
Names I am watching today:
LM
HUM
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About Me
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- My name is Justin and I am addicted to trading stocks and options. My strategy is comprised mainly of technical analysis following high probability set ups and trends. I also pay close attention to sector rotation and performance to guide my search for set ups. This website is originally being created for my personal use. I need a place to document my trades to look back on what I am doing and how it’s working. It is my hope that as I move more towards the goal of being one "bad ass trader" while picking up a little web design, that I will be able to make this site grow into something much bigger.
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