In the swing department, we continue to monitor our positions.  In this morning’s market overview, we illustrated the next level of resistance near 1250 in the S&P Futures (ES).  Sector rotation continues to play a part in this steady climb, with the coal industry, and the financials waking up today.  As these stocks extend, it becomes a patient game, searching for low risk/high reward areas of entry.  Our game plan in this current market is to recognize the sectors where the money is rotating, and wait a few days for a good risk/reward set up. 

In the intraday department, we made a couple of trades.  We bought JAZZ Pharmaceuticals (JAZZ) this morning before the “break out,” catching a quick low risk trade.  We continue to do more observing and chart work, rather than aggressively trade in these current intraday market conditions.

If we see any trade setting up, we will send you an email with specific instructions.

Open Swing Trade Positions							Updated 3/17/2010
Stock	Bias	Entry Date	Average Entry Price	Position Size	Current Stop Exit Trigger	Current Price	Intraday	Gain/(Loss)     $	Gain/(Loss)     %	Target Price
CISG	Long	3/5/2010	$25.07	100%	$24.99	$25.40	Swing	$0.33	1.32%	$28.50
*RIMM	Long	3/8/2010	$72.25	66%	$71.49	$75.00	Swing	$2.75	3.81%	$83.00
*MED	Long	3/8/2010	$24.06	66%	$24.49	$26.21	Swing	$2.15	8.94%	$27.00
Note: The * indicates that we took profits on part of our position.