Monday, March 27, 2006

In Play

Long NVDA - Position liquidated as soon as QQQQs hit $41.50 resistance. Entry $52.17 exit $52.90

Several Gold and Silver names in the Gap Up scan.

Update 2:10 EST - the $XAU has run into the resistance of its 50 day MA on the daily chart so gold positions may not be able to move much higher today. Took a position in MDG - low risk entry $28.56 - sold 50% at $29.20. Hoping for a retest of the high on the balance of the position. Currently consolidating at $28.96. However, I won't initiate any new gold positions today.

Update 3:14 - Sold balance of MDG position for $29.17

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