Monday, October 16, 2006

Trade Plan for 2006-10-16

I closed the following positions last week:

GS - sold 3/4 of the position because it could base for 2-3 weeks after big move
MER - same here
CROX - and here
ICE-and here
TOL,BHS,MTH - gap down last Friday is too much to not give in

And moved the money to these positions:

GYMB, GES,X,LVS,BDC,BEAV,EME,FLS,SNDK,FLSH,ERJ

Action plan for today:

1. Sell 3/4 of ATI position before close
2. Tighten stop on X as it approaches resistance
3. Close ANF, sluggish price action
4. Close JWN, see reason for #3

Momentum WatchList

RIMM,WCC,VIP,CMI,CMG,ICE

Swing WatchList

Long : NYX, MNST,CHTT,FMD,CXW,KOSP

Short: ???


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