Today
YHOO, SNDK, MA, NYX are the positions I held at the beginning of the day.
SNDK triggered a SL at 45.
NYX triggered a SL at 107.
Tonight I put a limit order on SNDK at 41.75 after viewing the chart and a SL @100 for NYX.
Also I put a SL on YHOO at 28 for half of my position.
I researched 3 new stocks today: ICE, JNJ, and RAD. RAD is cheap but the growth is project @ 3%. JNJ looks very good, 8% proj rev growth rate and 10% EPS. I may buy some later. ICE was a compeling story, they are buying the NYBOT for sugar, cocco, and other commodites. Currently they trade energy commodities. The NYBOT acquistion will allow them to clear their own trades in the future thus saving some clearing fees and adding to the bottom line. I placed a buy limit order @ 136.55.
I looked at the NYSE Bullish Index and its at the high level of the upper range. It may come down some, based on the chart. Also, I looked at the CRB/US Bond relationship and its decreasing, so I need to focus on financial stocks.
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