9:15 AM
The indices in pre-market are off a little bit. The nervousness of market is not that. My nervousness is that China market. The market is getting close to its peak. What if it crashes, and what's the reaction of the world market. Be very caution here!!!
So follow this weekend's plan for today:
1. Unload all options positions today.
2. Set trailing stop for all Chinese stocks.
11:00 AM
The market down a little bit. The breath is not good. Just a few leaders are going up. It should go to consolidation mode soon. Personally, slow down, and take a breath. As it is still a bull market, I still hold long positions.
Obviously the market is going down. For the next leg up, make sure you are getting calls in Jan 08. Play safe here.
The TNH is a very tricky as it is in a very thin volume. It goes up and down too quickly, and too volatile. I have to quit it. The NAZ volume is very heavy comparing with holiday (today is Columbia's day) volume, the bond market is closed. I expect tomorrow's downturn.
1:30 PM
Although the market is losing its direction right now, it shoud be clear that the trend is down.
9:00 PM
Earning play:
AA tomorrow at closing - Buy 20 Oct 40 calls in zecco.
Get in 20 TRA jan 35 calls.
I expect the market consolidate one more day tomorrow.
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