Skiracer's stock slopes

[skiracer]

Exited KOMG between 21.15 and 21 for a small loss and wipes out any gain I had in HTRN. I'm all in cash at the moment. This week isn't turning out as I thought it would. I feel like I was beginning to try and force the issue which is the worst thing you can do. Is it me or does the market feel strange right now. Some real wide swings in prices intraday on the indices today. Might just be to volitaile to try and work within it.

[skiracer]

JCOM: I've fallen an I can't get up. We live in volitaile times when just the thought of something happening in the future can do this to a stock and the people who have positions in it. Strictly conjecture and yet devestating consequences. Fallen over 6+ points in less than 45 minutes or so. This type of crap is criminal and JCOM should have some type of recourse towards those that started it.

I don't own it but it was on my short list so I could have. Having a bad enough week already but this kind of thing makes me want to get my soapbox out.

[Websman]

JCOM: I've fallen an I can't get up. We live in volitaile times when just the thought of something happening in the future can do this to a stock and the people who have positions in it. Strictly conjecture and yet devestating consequences. Fallen over 6+ points in less than 45 minutes or so. This type of crap is criminal and JCOM should have some type of recourse towards those that started it.

Kinda makes me want to start trading commodities. What's the difference between a Pork Bellies contract and a volatile stock?
Of course, with the Pork Belly contract you CAN lose more than your intitial investment. That would really suck... Oh well, never mind. I'll stick with stocks.

[skiracer]

You never know with these markets and what's going on inside their heads. Yesterday was a reaffirmation of that for me. I'm in 100% cash right now and not to say that I'm not looking but I'm not going to press the issue either. Here are a few charts which are indicative of just how things are going. Not much good to say about any of them. I'm going to have to do them in 3 posts.

[skiracer]

Here is the 2nd one.

[skiracer]

And the 3rd.

[skiracer]

And the last. Like Spikefader said. Watchout this could get ugly. I also want to re-iterate that there is no risk in being in cash. It's completely safe and no reason to press the issue when the markets are acting and giving off the signals they have been this week. The charts don't lie. I've been wrong on plenty of occassions but am completely out of sync this week. Of course I can only speak for myself but just to chancy for me right now in either direction.

[skiracer]

Never fails to amaze me an always does this just when you go to cash and set your mind to sitting and watching for a few days. I wouldn't let myself fall into any traps and today's action could be one of them.
Aside from my anxious caution on any side right now I still like all of the same stocks that I have listed above but am sitting out the markets until next week except for a play in HTRN if it goes off. They're reporting on 4/03 and I would take a play there if I felt it were going off
Thursday or Friday. But I really hate to take anything on Friday for over the weekend.
Advancers outpaced decliners 2.9 to 1 but new lows continued to exceed new highs.
Tomorrow is the end of Q1 and the jobs report comes out Friday. So tomorrow could be one of those days where the uptrend could continue to follow thru with no pertinent news or reports to deal with.
I was looking at the QQQQ's as a possible short setup for this morning because after yesterday the daily chart on them looked great for a continuation of the current trend down but they opened up and never looked back. Another reason I like to wait until after the first half hour after the open before making any trades or taking any positions. Just to see if any moves or gaps up or down continue to hold. Another example of doing just the opposite of what they appear to look like on the chart.
JBL, JCOM, KOMG, ADBE all were good intraday trades and somewhat cheap after yesterdays drops. I watched them this morning before I had to leave the office and kept to my self-imposed sabatical until next week. I still think KOMG is real cheap and JCOM should never have lost that much ground on rumor about something that probably won't happen. Briefing.com had an explanation from the CEO about the rumor and the truth of the matter. JCOM is a fundamentally strong stock the has a large share of their market. They aren't going to go away or out of business and it could be years before the congress makes up it's mind about what it wants to do about the future funding of USF. Apparently there are 4 different proposals in front of congress. This drop could be a windfall if the stock moves back up to Wednesday's highs before the drop. It was a leader before the rumor hit and it's my belief it will return to those highs. Trade what you see and not what you think.

[skiracer]

Here's the article on JCOM from Briefing.com. As you'll see from reading the article that there is no reason for this drop other than mass hysteria and panic selling. Over the next few days this could present a great opportunity. Worth keeping an eye on for any further strong moves up.

[Runner]

Keying off 60 min charts looking to see if the following set up on the short side:
HHH PPH SMH SWH Also looking at the Nasdaq100 to see how it acts off R2

Focus stocks are YHOO AMAT short off R2. I have not traded any of these as I fine-tune a new system. In fact I’ll need more time to back test.

[skiracer]

I just feel that the markets are showing no clear sign of what they which way they want to go. I'm staying on the sidelines the rest of this week while it plays out.
This could be a dangerous time to be trying out new strategys in such a volitaile market. Personally speaking I have no idea which way it's going to track today but my feelings are that it will be down further by the close Friday. I'm keeping my eye on only one stock, HTRN, between now and Friday for a potential entry. Yesterday presented a great opportunity to grab it at the days low of 10.32 but I'm a little skitzy an didn't make the play. It ended up closing at 10.92 which would have been a nice intraday play. Good luck with the new system. Would like to hear what it is when you're ready to disclose that info.

[Runner]

Market signals are mixed and this period can get a lot of investors in trouble. I still only favor day trading and have been in this mode for some time now. I’m using smaller time frames and also shorter time for holding a position. I’m looking short term and basic set ups are off the 60,13,3 minute charts. For scalp plays I’ll also trigger off the 1-minute chart.

I’ll post results after move back testing has been done. My goal is rather simple in nature, but we shall see. I plan to ride the basic trend on the long side as well as short. If I’m long a stock and my indicators turn down I’ll flip it and go short. This may possibly also hedge a position. I’m mainly looking at STO and moving averages @ support of resistance.

Once conditions change I’ll adjust the time frames and look more at daily and weekly charts, but for now short term charting might be the way to go if one wants to play these current conditions..

[skiracer]

This was a rough week for me especially. Ended up taking a position in HTRN almost at the close today at 11. They report on Monday an I'm expecting an above guidance report.
Here's Stockchart's John Murphy's take on the markets. I had to do it in 4 parts.

[skiracer]

Here is part 2.

[skiracer]

And here is part 3.