Today was a tough day. I had six good looking candidates for trades, but since I trade during my real "day job", I only allow myself three positions at a time. I went long on YHOO at 41.15 as it seems to be resuming it's uptrend after a healthy pullback. It closed at 41.21. A couple of concerns. First, the gains of the past few days have been on lower volume. And more important, it hits resistance in the 42-43 range. I wouldn't be surprised if there is another pullback, and while I usually avoid doing this, I will average down and buy more if it drops to 38-39. So why am I "in" with so many concerns? Well, because these concerns are temporary, and I fully expect the usual tech rally this month, and YHOO will be a leader of the rally.

I also took a long position in SMCS. It broke out on high volume yesterday to reach a 52 week high, and continued today. I was in at 42.15 and it closed at 42.71. If there is an early jump Monday, I'll probably sell into stength.