Stocks up, bonds fall

Its as if the the earthquake in Japan never happened, the way we have bounced hard in the stocks.
I was thinking that we would come of a bit more which would give some nice opps to get into some beaten stocks, but it didn't really materialise and we seem to be going up everyday.
The portfolio is holding up pretty well as of now, SAFT is not really made a move one way or the other for the past few days. I'm looking to sell half BIDU at 138-139, if it gets up there.

As far as futures go, looks like volatility has dropped in STIRs, as its been low volume churning the past few days. Hopefully things pick up again in April, as a potential rate rise looms.

Stock Buy: HITT

I have just initiated a long position in HITT today at 58.70, after seeing the stock rebound of 56 support. The stock has short interest standing at over a million shares, so given that its a low volume stock, a further rally could lead to some further short covering that could help fuel the stock higher. But at the same time given the big bounce generally in equities I wouldn't be surprised if we see some selling pressure again before we head higher.

Entry: 58.70
Exit >65
Stop: 55

Stock buy: SAFT

I opened a new position long today in SAFT, today at 45.34. Entry could have been slightly better, but the stock has support at 44, which is resting on the 200 day moving average, hopefully it will hold around here and bounce, but a drop below this will force me to bail.

ENTRY: 45.34
Target:51
Stop: >44

Dead cat bounce?

Markets rallied today as traders snapped bargains. I personally am on the sidelines at the moment as events unfold and see if this weeks pullback was just an excuse to take profit or a whether this rally was a dead cat bounce. The positions I got out of on Tuesday have all rallied significantly, and in hind site should of just held out. But no real damage was done I guess.
Today we had strong manufacturing data from Philadelphia and a sustained Jobless number under the 400k mark which helped sustain the market rally.
Bonds fell heavily with the short end coming off sharply after big gains this weak. Spreads have widened at the front as we continued to drop off. ECB officials still state that they remain vigilant and that the situation regarding rates hasn't changed, although I cant see them moving on rates in the next month due to the Japan disaster.
Tomorrow we have a quiet day on the data front, but on going situation in Japan will be enough to keep the market lively.

Trading update

Stocks have come off there lows and Bonds have come well of there highs, as things settle down slightly before the FOMC rate decision tonight. This has hands down been one of the busiest days Ive seen in the markets for a long while, and hopefully this volatility continues.

My sell in ATNI was just royal f*** up, as it went to trade higher by a further 2.5%, very bad timing on that and in hind site the fact that it was up on a big down day was the biggest clue that I should have held it. But you live and learn.
After my sell in AGCO as well I only have one open position in BIDU. I really do think these markets will come off more so I think I will have good opportunities later on. The effect of the quake and the possible nuclear consequences I think will weigh to much on stocks. Time will tell

Close position: AGCO

Closed AGCO at 49.88. I just think this stock shows alot of weakness when indices are down so given that we have clearly reversed the up trend, I just bailed.

Closing ATNI

Just closed ATNI at 32.72, this showed very good strength amongst the weakness, and I'm quietly hoping this gets pushed down a bit and I will re-enter at a better price.