I've updated last night's post in response to some questions & comments.

It looks like good reasons to tread cautiously today (from Briefing.com):

S&P futures vs fair value: -6.8. Nasdaq futures vs fair value: -9.2.

Futures versus fair value are signaling a negative start for

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Source - http://tradermike.net/2006/04/watchlist_for_april_27_2006

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I've been doing a lot of thinking about money management and compounding of late. The other day I realized that I'd accumulated over 100 R of profits since I began day trading. (1 R = my initial dollar risk on any given trade.) More specifically it's 100 R from when I started my current trading journal on June 16, 2005. I reached 100 R on March 1, 2006 after 543 trades. So it took 7 1/2 m

It's oil inventory report day so I'll be (happily) on the sidelines until after 10:30...

Potential swing trades:

Longs: AG, APH, BGC, CSX, CTXS, EMKR, EXP, FCS, ISE, LVS, PALM, PAY, PNK, RFMD, RSAS, STP, VMC, WFR, WWW

Shorts: None

See one of the recent 'Chart Reading' posts for some poten

This morning I thought this would be a busy day -- boy was I wrong. (That's what I get for making a prediction!) Sellers stepped in right from the opening bell and by the time 10:15 came around (when I usually start trading) I certainly wasn't looking to go long and I didn't see any shorts that I wanted to try. Judging by the sideways action in the Naz for the rest of the day I'm glad I did

There are lots of movers this morning thanks to earnings reports. This is going to be one of those days when I wish I had a couple of more monitors to track everything. Should be a fun one today...

Potential swing trades:

Longs: ADSK, AG, ARW, CMC, CSX, CTXS, CY, CYMI, DGX, FCX, GLG, LVS, PALM, PAY, RFMD, RSAS, STP, SWFT, SWN, TXN, WFR

Shorts: None