Technology Working Against Me, Monday

Well, my sleep schedule continues to morph into less and less fortunate-for-trading forms. Over the weekend, I slept from 7am to maybe 1pm. Today, I managed to get up by 11am. I found a short trade to make in Sandisk Corporation (Nasdaq: SNDK) pretty quickly. But, it suddenly surged up, so I jumped out at the market for a small loss.

… only, it didn’t surge up. It was my broker’s charting going nuts. Damn! I lost about $35 so it’s practically breakeven, but it’s still aggravating. Looking at other charts, I see the same kind of jumpy crazy prints. And, what’s funny is, they they all go against the trend by about 50 cents. Like, Microsoft (Nasdaq: MSFT) was up, so its crazy prints make it look like it fell off a cliff:

wacky price action

…and these aren’t the normal kind, that just leave a long wick on a candle. These look like steady market action, as depicted above. So, I may be done trading for the day. I’m not as brave as JC, who often trades through chart and quote problems. I will check to make sure NYSE stocks are also strange. Maybe I can just trade them.

Stocks Mentioned In This Article
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SNDK | |
MSFT | |

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