DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: - who started this subject	5/22/2001 10:49:41 AM
From: deronw	Read Replies (2) of 565

Morning update for May 22. As I write this at a little more than one hour into the session, we are seeing the S&P trading pretty much in a trading range. We saw initial weakness in the markets right after the open, but most of our overnight plays gapped up and we sold for profits into the open. When the S&P futures rallied around 10 am EST but failed to break to a new high, we decided to take a strategy of being short the weak sectors and long the strong sectors. As of this morning, here is our sector analysis: Banks and Brokers showing lot of rel. strength, up a little more than 1% on the morning. Networkers, Semis, Internets all mixed and primarily flat on the morning. Pharmaceuticals, Biotechs showing rel. weakness. Looking to trade lighter share size, take profits quickly, and hedge on both sides of the market as a proactive way to trade this trading range. Deron Wagner General Partner of IntradayInvestments

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next