6/19/09 Day trading
Today the market stated a bit slow even though we had a nice gap up. We got our first decent move around 10 when it came out of consolidation to the short side. Once it loosened up we had a few nice trades in AGU, AAPL and RIMM. Most were scalps for 20. to .50 but not bad for a slow market.
The afternoon gave us a nice slide at lunch we manged to catch a nice trade on AAPL from 138.15 to 137.40. Not a bad for a lunch time trade!
The plan for Friday is to take it easy. Most of our trades will come in the first hour. The rest is usually choppy due to low volume. Most traders like to start the weekend earl. Friday was also a Options expiration day.
Next week we have FOMC rate decision and New Home sales due on Wednesday so again mornings will be our focus.
Until Monday, have a great weekend!
