May 28. Overcoming the China punch.

The big news today was that China got smacked in the face.

Nothing like waking up With an ETF down over 15%.  That said, I was prepared to take it to the MA, which essentially held (ok failed by .02) YINN rallied into the close.

There was a weakness in WUBA so I decided to close my calls and take the loss:

Other than that, I had a good day. Lead by FEYE which broke big.

Bought UEC:
2.90 nice close with strength.

ANTH: 5.28

PFNX:
Entry 18.30

AGEN:
I took a partial close in the AM at 7.80.  I closed the remainder when it ran above 8.00 and then failed.  A morning pull back is common and healthy in a breakout.  A failed push after it regains its footing is not a good sign imo.

AAOI: 
Entry 16.53
Entry 2: 16.81
Exit 1: 19:
Entry 3: 18.18
Exit 2: $17.48

I missed played this one a bit.  My add yesterday should have been very profitable yet I let the position fade where I got stopped for a profit.   Had I used the pop to sell out again, I could have added where I was selling.    I still think this is in play to the upside.

ERI: closed  not a position I really was into.  I gave it a chance, the breakout was mediocre and since I had considered just closing it for a loss a couple of days ago, I'm content making a couple 100 on it.
Entry 8.24
Exit: 8.44

BOJA:
26.38
Closed 27.43

TANH: Broke to new weekly highs.  I took a partial sale at 15.34.  As this is thin and my position was bigger than I had wanted.

EMES: Short 39.30

May 27, Sell off held in check.

The markets gained back much of their losses from yesterday.  Looking for another run at the highs tomorrow. 

Sold:
LGIH
I was never that keen on this breakout.  Perhaps its because It initially faded on me before breaking out.   So at the first hint of a pull back I bailed.  I need to trust my charts more.
The W1, was at 17.63, however, I saw that this had a number of shadows at the 18.00 level so I targeted a move above 18 for the kill.

I took it at 18.12.
Exit 1: 18.44
Exit 2. 18.35.

As I now look at this chart I see there was no reason to get out.  But sometimes clarity only comes when the slate is clean.

AGEN: A great breakout. Given the rest period shadows I set my alert for the high on the past W2 (red bar) my alert was set at 7.32 but this one was quick so I didn't get it until 7.47 and I knew I wanted it so I paid up to 7.49 for the remainder of my position-- a wise decision this was decent all day.

Hourly: getting to some very overbought levels.  To that end, the plan is to take partial profits into the initial opening thrust.  Should go over 8.

TROV:  Back into TROV has it had a successful back test and has ran back into consolidation. This one has already proven itself

Big Picture:  I caught the big breakout early this month.  It looks like it has an ascending base here.  Since the back test was successful, a another burst could follow.

Entry: 11.29

AAOI:
Yesterday I sold a portion of my AAOI position into the thrust over 19.   Today, there was weakness (expected after a 16% move) and I was ready to pull the trigger to buy my position back.   I got it at
18.18 --.12 off the low -- a decent pop followed.