Tonight, 4 round-trips (two longs and two shorts), all winners. Gained 2 point in 1.5 hours. ES moved back and forth between 996.25 and 995.
BTW, scaled out QQQ Oct 32 Puts opened a while ago. It’s a losing position, but this recent drop is definitely an opportunity to reduce the loss.
ORCL is approaching support level at 11. Consider going long if it holds up. The next support is 10.
Stopped out at 27.96, but it then went up to 28.93:-(. Should have considered SSF traded about 15 cents below the underlying, so the stop would be lower, say 27.85?
Sun Microsystems warns on Q1. SUNW dropped 10% in after hour trading. Glad to be stopped out @3.88 last week!
Didn’t get chance to go long on SOHU since it went up 10% today.
Here’s the YTD chart for some Internet stocks.