11:20 PM
The market is signing a topping. It opened lower, and keeps low so far. I will do a quick s&p put in the afternoon if the market keeps this way.
Wednesday, December 26, 2007
Friday, December 21, 2007
Friday 12-21-2007
7:30 Am
The future is high. I believel that the gap in sp around 1430 needs filled before it is can go higher. So unload SP call positions at open. RIMM was a wrong bet, which sucks. Anyway, QQQQ is ready for new high. Since the SP needs to fill the down gap, there is no hurry to jump in QQQQ right now. Just do some day trade for practice.
4:30 PM
The market had a big rally, up more than 200 points. I have a very rough trading history since 11/12/07. Also all the option trade losing money. Here is my takes on this mistake:
1. Don't rely on experts advices;
2. Only trust numbers from the market.
Just like there is a gap needs to be filled below on SP. But as long as the stochastic doesn't tell you so, it won't get filled. The TAs will show when the gap will be filled. So from now on, I won't listen to any expert advice. I think the market data is already enough for me to make decisions.
The future is high. I believel that the gap in sp around 1430 needs filled before it is can go higher. So unload SP call positions at open. RIMM was a wrong bet, which sucks. Anyway, QQQQ is ready for new high. Since the SP needs to fill the down gap, there is no hurry to jump in QQQQ right now. Just do some day trade for practice.
4:30 PM
The market had a big rally, up more than 200 points. I have a very rough trading history since 11/12/07. Also all the option trade losing money. Here is my takes on this mistake:
1. Don't rely on experts advices;
2. Only trust numbers from the market.
Just like there is a gap needs to be filled below on SP. But as long as the stochastic doesn't tell you so, it won't get filled. The TAs will show when the gap will be filled. So from now on, I won't listen to any expert advice. I think the market data is already enough for me to make decisions.
Thursday, December 20, 2007
Thursday 12-20-2007
9:00 AM
The current stocks market direction is very clear. Short-term up, and mid-term down. Timing is everything, so follow up with the TAs to act properly.
The current stocks market direction is very clear. Short-term up, and mid-term down. Timing is everything, so follow up with the TAs to act properly.
Wednesday, December 19, 2007
Wednesday 12-19-2007
10:00 AM
The market is heading up to 1800 on SP (hopefully). The mid-term is C leg down. So be sure to unload the long position and add short positions on the next leg (3rd) down.
9:00 PM
The trend is down, so mainly look for down trend stocks. Don't long.
The market is heading up to 1800 on SP (hopefully). The mid-term is C leg down. So be sure to unload the long position and add short positions on the next leg (3rd) down.
9:00 PM
The trend is down, so mainly look for down trend stocks. Don't long.
Tuesday, December 18, 2007
Tuesday 12-18-2007
6:00 PM
The market jumped open, then sold off. Then it recoved most of it. It is a very hard to trade. I know it might be the temp bottom.
The market jumped open, then sold off. Then it recoved most of it. It is a very hard to trade. I know it might be the temp bottom.
Monday, December 17, 2007
Monday 12-17-2007
8:20 AM
The future is negative carrying on with Friday's big loss. Dow down 178 points on Friday. The C leg down is confirmed. Today will finish the 1st leg in this C leg, 2nd leg up is browing. The 2nd leg target is at 1505 in SP.
The future is negative carrying on with Friday's big loss. Dow down 178 points on Friday. The C leg down is confirmed. Today will finish the 1st leg in this C leg, 2nd leg up is browing. The 2nd leg target is at 1505 in SP.
Friday, December 14, 2007
Friday 12-14-2007
9:45 AM
The market gap down huge, over 100 points. Now it is making its way to fill the gap. I won't expect the gap gets filled. Basically, today is a huge down day. But I have close the put position. I will add a small put position if I see any weakness. Otherwise, I will close all the short position if the market can't break new low.
The market gap down huge, over 100 points. Now it is making its way to fill the gap. I won't expect the gap gets filled. Basically, today is a huge down day. But I have close the put position. I will add a small put position if I see any weakness. Otherwise, I will close all the short position if the market can't break new low.
Thursday, December 13, 2007
Thursday 12-13-2007
10:30 AM
The market opened lower and then managed to close the gap in a very weak force. The mid term (in days) trend is down. So I keep all the short positions and have sold all the put positions. I will add short positions if there is any bounce.
1:40 PM
The market drifting below support level. I will add more short positions only when it is higher. I guess the market will drift/flat to close. Tomorrow, if gap up, add more short potisions. If it open flat, wait close to short more.
The market opened lower and then managed to close the gap in a very weak force. The mid term (in days) trend is down. So I keep all the short positions and have sold all the put positions. I will add short positions if there is any bounce.
1:40 PM
The market drifting below support level. I will add more short positions only when it is higher. I guess the market will drift/flat to close. Tomorrow, if gap up, add more short potisions. If it open flat, wait close to short more.
Wednesday, December 12, 2007
Wednesday 12-12-2007
9:00 AM
The market went down 300 points yesterday, which marks the A-B-C conclusion (hopefully). So basically today will be the confirmation day. Once it confirms, Nov low will be retested.
10:15 AM
The market opened incredible strong, which is a very bad sign for bull. If MMs think the market will go high, they will use this great opportunity to load up with lower price. Apparently, they didn't do it this way, they did the opposite way. That means they want to unload they holdings.
The market went down 300 points yesterday, which marks the A-B-C conclusion (hopefully). So basically today will be the confirmation day. Once it confirms, Nov low will be retested.
10:15 AM
The market opened incredible strong, which is a very bad sign for bull. If MMs think the market will go high, they will use this great opportunity to load up with lower price. Apparently, they didn't do it this way, they did the opposite way. That means they want to unload they holdings.
Tuesday, December 11, 2007
Tuesday 12-11-2007
8:00 AM
The market just can't stop going up. Today is the Fed decision day. Obviously, I am on the other side of the market. The market dismisses, ignores and discounts all the bad news. I felt frustrated. The TAs side tells that the short-term top is here or close. So I just be patient.
The market just can't stop going up. Today is the Fed decision day. Obviously, I am on the other side of the market. The market dismisses, ignores and discounts all the bad news. I felt frustrated. The TAs side tells that the short-term top is here or close. So I just be patient.
Monday, December 10, 2007
Monday 12-10-2007
9:00 AM
The pre-market is up a little. I should take a sideline position since the bond yield is at 4.12% in last closing session, which means, that it positioned for .25 fed funds rate cut. Current fed funds rate is 4.5%. The last session's high for Dow was 13774. Watch it closely, see if it can be broken. The truth worry for the bear is not up side, it is really the down side. If the market extends its rally from here, it is not a good sign. But if it can hold 1480-1490 level in SP, it is a good chance that the market will go up for the Xmas rally.
The pre-market is up a little. I should take a sideline position since the bond yield is at 4.12% in last closing session, which means, that it positioned for .25 fed funds rate cut. Current fed funds rate is 4.5%. The last session's high for Dow was 13774. Watch it closely, see if it can be broken. The truth worry for the bear is not up side, it is really the down side. If the market extends its rally from here, it is not a good sign. But if it can hold 1480-1490 level in SP, it is a good chance that the market will go up for the Xmas rally.
Friday, December 7, 2007
Friday 12-07-2007
10:45 AM
It is Friday, the market has been up huge for the whole week. So I expect it will be a little bit of profit taken today. Next Tuesday will be Fed decision meeting. If there is .25 point cut with .50 discount rate cut, market will sell off. If there is .50 cut with .50 discount rate cut, market will do a weak rally.
It is Friday, the market has been up huge for the whole week. So I expect it will be a little bit of profit taken today. Next Tuesday will be Fed decision meeting. If there is .25 point cut with .50 discount rate cut, market will sell off. If there is .50 cut with .50 discount rate cut, market will do a weak rally.
Thursday, December 6, 2007
Thursday 12-6-2007
5:00 PM
The market has rebounced to 1507 from 1406 with in 10 days. it is a huge and quick rebounce. To me, it is too quick and too fast. Tomorrow will be a down day for sure. If it open high, short stocks at the open.
Starting next week, use options for day trade.
The market has rebounced to 1507 from 1406 with in 10 days. it is a huge and quick rebounce. To me, it is too quick and too fast. Tomorrow will be a down day for sure. If it open high, short stocks at the open.
Starting next week, use options for day trade.
Monday, December 3, 2007
Monday 12-03-2007
1:00 PM
The market opened lower and regain all the lost, but can't stay there. So I think the market is heading lower today. All the leaders are not making gains.
The market opened lower and regain all the lost, but can't stay there. So I think the market is heading lower today. All the leaders are not making gains.
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