MightyMO : Rob The Stock Markets Blind: Pushing on Tuesday : The FED speaks

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Tuesday Market

Markets expecting dovish tone from FED

"You’re riding high in April,

Shot down in May.

But I know I’m gonna change that tune,

When I’m right back on top in June."

Frank Sinatra "That's Life"

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The stock market is simply the result of many people trying to make money on their investments.

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The Daily Log

08:40m cst Today the FED comes out and speaks. One of my cardinal rules (see list on right column) is Don't Fight the Tape, Don't Fight the FED !

Bought 150 shrs of CAR and added to SPLV today.

Back from a mini-vacation and received over 200 pagehits yesterday. Thanks for all for coming back. I've only been here for a month...starting month 2. Again thanks.

8:44am Bought another 100 shr of SCHX (non commission trade). This will be a daytrade.

9:00am Folks, at my own site, they wanted me to show all trades. I do a lot of daytrading on occasion with non-commission equities allowed by my broker. I just closed SPLV as the direction changed. I plan on showing these unless it gets too cluttered.

9:25am Without trying to guess about the FED results today, am buying non-commission etf's that I can sell right away if need be. Bought SCHH. (a reit etf).

9:30am Some days we inactive , some days we're really active. This is one of those days. As you know, I like trading in and out on XONE. XONE moving up in last hour. Did it again today.

It's me again, the XONE lady.

10:00am Was 100% in cash on Monday, not anymore. Added to positions on TRW and CAR.

10:22am OK, this should be it for the morning buying rush, bought STX.

Did you really buy those stocks, sonny ?

Yes, ma'am I have.

10:55am cst DOW up 121, decided to take profit on 200 shr SCHX.

10:58 am Added to winner GE, 100 shrs. Our rule #5 When you have a winning stock, buy more of it and add to position. LET YOUR PROFITS RIDE

11:02 Awaiting FED statement tomorrow, considering putting sell limits on stocks with profits in order to follow another rule "never let a profit become a loss'.

11:04am cst.. Not even noon yet and over 100 pagehits, thanks again.

11:15am XONE trying to break out over the 53ish mark for the fourth time in 5 sessions.

11:30am Currently have 7 stocks active in our portfolio with two etf's.

11:59am Our rules tell me to , on a day like today, to ADD TO POSITION. Added another 100 shr to SE. Those of you who have followed me for a month now, might see my strategy. I don't ever want to take a chance on a big loss so I get out earlier when the market turns against me. I add to positions when the market is with me.

12:10pm Pulled out of BAC... not doing much.

12:50pm Not liking SE's movement. Sold all. Never let a profit become a loss!

12:57pm PDM.. Like this stocks movement today. Bought 300 shares.

1:09pm Currently holding 6 stocks in portfolio along with 2 ETF's.

1:11pm Got my old friend, DXD, in the backburner in case the market turns direction.

1:28pm As indicated on stocktwits, doing a quick in and out on GY

1:33pm Not in love with any stock, closed out XONE.

1:45pm I'm ready to push the sell buttons. Many times on an up market day, the trend turns down the last hour. Will check closely the next 15-20 minutes. Still got DXD in my hip pocket.

The Last Hour

2:05pm Right on schedule. Market dropped immediately at 2pm CST. Let's see what happens

2:09 Still not moving up. Sold SCHX (non commission etf).

2:13 DOW down about 20 points in last 20 minutes. Ready for DXD.

2:15 Closed GY, bought DXD.

2:17pm Buttons being pushed. Sold PDM.

2:25pm Dow back up to over 150 for the day.

2:30pm 30 more minutes to go. let's see, where's that sell button. Oh here it is, sold CAR.

2:38pm Ok time to lock in some profit, sold 300 Shrs GE.

2:43pm Looking ahead for tomorrow, bought 100 shr CHE.

2:49pm XLS ..Bought in for tomorrow

2:53pm As stated earlier, closed daytrade on SCHH (no commission etf)

2:56pm Last transaction for the day, closed out hedge etf DXD, paid for itself even after commission.

3:05pm Session closed. Portfolio up $1670.00 at our one month anniversity, even after some rough late May and early June market sessions.

Hit a record number of visitors today according to the pageview counts. Thanks everyone. I have a full time job so I won't be able to be as detailed as I was today but we'll blog each and every day.

Have a good rest-of-the-day !

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...In case you would like to follow our stock trades up to the very minute. I try to 'print' the trade within a minute or seconds on 'Stock Twits' (STOCKTWITS.COM) before I update them on here. You can follow me on stock twits by going to stocktwits.com and signing in (it's free). Then follow ROBMARKETBLIND.

PICTURES OF THE DAY

I just love this picture, might keep it here forever

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Most beautiful towns series

Heniski Sunset

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Painter/Painting/photo of the Day