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DayveJohnson on the MarketsPosting my thoughts and trades as I take on the challenges that the financial markets will bring. Especially suited for end of day traders who also have a full-time job. Hopefully my years of experience can be a valuable asset to the trading blog universe. And please do your own research, I am not responsible for your personal trading decisions |
Selling MDRX, DDS, DAKT, BID. Adding MRO.
Posted on 08/29/2006 16:41 PM | Link | Post Comment
I was having some problems uploading to blogger this morning but fortunately there were no portfolio changes for the day. I think I am going to start posting in the evening again, as my mornings are becoming quite full preparing for trading and enjoying my coffee. I tend to have more ideas and creativity in the evening.
I will be selling everything tomorrow. The 2 positions in MDRX, DDS, DAKT and BID. The swing system says it's profit taking time on these swing holdings. I will be adding MRO tomorrow. After I get the opening prices on the exits tomorrow I will update the trade sheet and upload it to the site.
I also think VLO presents a buying opportunity here. I have discussed these highly correlated waves before with the CRB index. In this chart you can see out major weekly wave, represented by the green line in the upper part of the chart, is heading into a bottoming phase and I would be looking to start buying big down days such as we have had recently. I will keep you updated.....

Have a Great Night!
Dave Johnson
dayvejohnson@gmail.com
I will be selling everything tomorrow. The 2 positions in MDRX, DDS, DAKT and BID. The swing system says it's profit taking time on these swing holdings. I will be adding MRO tomorrow. After I get the opening prices on the exits tomorrow I will update the trade sheet and upload it to the site.
I also think VLO presents a buying opportunity here. I have discussed these highly correlated waves before with the CRB index. In this chart you can see out major weekly wave, represented by the green line in the upper part of the chart, is heading into a bottoming phase and I would be looking to start buying big down days such as we have had recently. I will keep you updated.....

Have a Great Night!
Dave Johnson
dayvejohnson@gmail.com
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