S&P hit 820! Backed up the truck and loaded on more SLW and ABB

[caption id="attachment_711" align="aligncenter" width="500" caption="Silver Wheaton"][Silver Wheaton][][/caption]

[caption id="attachment_712" align="aligncenter" width="500" caption="Silver"][Silver][][/caption]

[caption id="attachment_713" align="aligncenter" width="500" caption="ABB Ltd."][ABB Ltd.][][/caption]

BOUGHT +2 SLW 100 NOV 08 2.5 CALL @.55

BOUGHT +3 ABB 100 NOV 08 10 CALL @.90

Another busy day today. I usually write up my entry/exit posts immediately for my trades, but I needed to keep my eyes on the market due to the fact that I went all in today.

I'm really tired after a long day and the fact that I went swimming right after the close. So I'll cut myself some slack and refer you to my market analysis post from today instead. Long story short, I entered long because of the low volume retest of major support. I held because the price and volume showed strength in testing the resistance throughout the day.

I am heavy on ABB because S&P broke down to 820 and ABB is still above the Oct low of \$10. It has held on triumphantly in this leg of market selloff. Refer to my ABB entry yesterday for a more detailed analysis of the company.

I added to SLW because the commodities are showing some strength too. I have been a fan of SLW for a while, take a look at those posts for my opinions of SLW.

My plan now will be as usual, I will unload into strength starting with my weakess position and work my way up.

There're a lot I want to write down, but my mind is blank now. So I'll leave this as is.

[Silver Wheaton]: http://traderpau.files.wordpress.com/2008/11/2008-11-13-slw.png [Silver]: http://traderpau.files.wordpress.com/2008/11/2008-11-13-yi.png [ABB Ltd.]: http://traderpau.files.wordpress.com/2008/11/2008-11-13-abb.png