Thursday, May 7, 2009

Swing Trading Positions

O’ oh… Market is hitting a wall of resistance. The pullback might have begun, see the SPY chart.


The present market situation made my long positions on NGA and LNET into a high risk swing trades. Their breakout potential have been diminished. Ill be ready to pull the plug if things get ugly. Here's my trade details:

Bought, 300 shares of LNET at $4.66
Bought, 300 shares of NGA at $5.68
Sell short 50 shares of ACN at $29.91


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