Monday, April 6, 2009
Net Paper P&L: $-600 (Bad day, but no need for concern.) Caught 0% of $2150
Activity Log
09:23:39 Ready to trade.
09:24:15 Market gapping lower: reducing position size.
09:31:22 Sell 10 of MS at 2272
09:31:52 Buy 10 of MS at 2282 net $-100
09:32:43 Sell 10 of AMZN at 7704
09:34:41 Buy 10 of AMZN at 7738 net $-340
09:34:58 (AMZN) In a single tick, went from 77.03 to 77.26. I hate GCI for these...
09:35:16 (RIMM) Completely retraced its gap.
09:35:24 (AMZN) 7758
09:35:37 Everyone bounced the 9:32 lows.
09:37:07 AMZN, AAPL trying lows a second time. Of course now that everyone got shaken out by the peak to 77.60.
09:39:56 (AMZN) This violent support indicates that breaking should be equally significant.
09:40:13 Sell 10 of AMZN at 7706
09:40:30 (AMZN) This is a pre-emptive entry assuming I would get no execution if I wait for the break.
09:41:04 SP500, Nasdaq at lows, AMZN breaking 77.00, AAPL at low.
09:41:30 (AMZN) 7669
09:42:00 (AMZN) Oops, already bouncing?
09:43:30 (AMZN) 7694
09:47:20 (AMZN) Second wave inching its way.
09:49:20 Indices remain bearish.
09:50:08 (AMZN) 7652
09:50:55 (AAPL) Near 9:39 LOD for second try, breaking.
09:52:20 (AMZN) Almost getting stopped out...
09:54:40 (AMZN) Looks like 76.50 might bounce too hard for us.
09:55:11 Buy 10 of AMZN at 7690 net $160
09:55:20 (AMZN) $160 out of moments before $550, this is a pity.
09:55:46 Tech bouncing off lows rather strongly. Trend lines broken in AMZN, AAPL.
10:16:32 Ah, we're breaking LOD again. That's after AMZN reaching 77.40, now 76.34. AAPL 114.75 now 113.68.
10:32:31 AMZN mixed around 76.19, AAPL trying to break 113.40, indices at LOD.
10:32:56 Stop trading.
Commentary
Another 1 for swing trades, 0 for day trades. AAPL and AMZN short had a bit of potential, but trend lines broke at 9:55 so I have mixed feelings about calling the break-to-bottom as potential today... I can't see any better than break-even on both. Best case, maybe 800$ on AMZN and $1350 on AAPL.