Monday, May 18, 2009

Sold 1/2 FAS $10.3

$9.75 to $10.3 +5.6% gain

15:55pm Sold the other half at $10.38, avg sold price 10.34, +6.05% gain.

FoxSwing Real Time Trading

05/18/09 Sell ES m9 @902.25

Sold the remaing 1/3 URE $3.65

avg cost 3.38, avg sold price 3.54, closed this trade with +4.7% gain.

Still holding FAS.

In FAS $9.75

Buy breakout on finance.

mental stop: $9.6

Break out on upside!

SPX 895 was taken out. Looking for long.....

Sold FAS $9.4

It didn't open above SPX 895 and 895 is acting as resistance right now. Reduce long exposure. High now: 895.05

+2.28% gain (bought at $9.19 on 5/14)

Effectively breaking out SPX 895 would be bullish for today. If that happens, I may re-enter long positions, as the Pivot Trend System remains BUY.

Don't forget to read my comments on Twitter update panel on the right (listed the latest 5). I can not put all my comments in regular posts, but will send comments through Twitter. Just keep that in mind.

Pivot Point: SPX 895

Watch closely, if it opens above SPX 895 today, a trending day could be formed. It may also indicates a trending week is on the way. Otherwise, you may need to protect your long positions.