What the $%@&* Trading!

..all day…and for now, we are wallowing in the red. But I found these 2 stocks for the long side: MVIS MNTA ….and they’re both doing well, so far. Oops, better tend to my screens…getting redder

Yikes, watched paint dry today. Didn’t buy anything, didn’t sell anything. My biggest excitement was watching MNTA take a 6% dive today. I was in it last week, and debated on Friday to sell. But I did and today my psyche was rewarded.

The market had a downward bent to it from the pre-market futures, with a little give and take throughout the day…and low volume. The selling and volume picked up in the last 15 minutes of the day, closing down -108.03 or down just 3 points from Friday’s open…in other words giving all of Friday’s gains back.

Nothing unusual for the day after a good week…a fairly orderly pullback. I only wished it had closed nearer the top of its trading range. Let’s see what tomorrow brings…a little more action?

I had fun trading this week. I hope you all did as well. I did add to SCA and MNTA and then got out at the end of the day. I’m just too scared to hold over the weekend. I can always get back in on Monday if they get going again. In the mean time, the money’s in the bank

The Dow has had a 1,100+ point run in the past 8 days, and am looking for another 230 points, where it will bonk its head on the 50 ma. Of course it will pull back, but the question is will it keep going down or re-try the 50 again.

Next week looks fairly active with economic reports, Fed speeches and plenty of earnings.

Have a “Super” weekend everybody and Go Browns! (maybe next year )

Today I even impressed myself

We had an immediate 192 point drop in the Dow and then a stair step climb up 452 points, and taking out yesterdays post-Fed spike, before fading 52 points in the last few minutes to close at 12,650.36, up 107.53 for the day. Even better, I took advantage of some of the buying and selling opportunities, even though that last minute dive at the close caught me and I left some money on the table. SCA ININ and MNTA were my big winners today.

After hours, GOOG is taking a big hit at the moment (4:30PM EST) with the less than stellar report. It’s probably heading for 515, but remember what AMZN did today. They (Amazon) just announced they are buying ADBL…pop there. And, we all better be drinking Bud Lights tonight…since BUD missed

I’m thinking it may be all priced in already. Wild swings for sure…

Sort of a “what happened day.” For 20 minutes or so, I thought it was gonna be a great one. But it soon choked. At the ding-ding, the indexes were all red, not much, but red. The rally went poof. Just confirmation that the general direction should be down. The week will probably continue with the swingin’, but it should start to tone down and just become a bear market. Play ‘em like you see ‘em.

PEIX and MNTA continued on their upward trek. Closed out the others.

Haven’t had one of these for a while. A big up day (that’s a personal up day, not an index up day) can sure make up for the bad days…as long as you honor those stops….which I don’t always do.

• Winners: WON DVAX SCA MVIS PEIX CNTF MNTA
• Loser: LMRA

Soon I’ll try to explain why I got into these stocks. And when I get into a groove, I’ll try to tell you before I get into them.