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The emini S&P 500 9/27 trade was exited at 1185 channel break. MAT 15put continues to do well. |
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Emini trade continues to make lower lows so the position remains open. MAT 15put also making lower lows so that position well. Volume was a bit down so we'll excercise caution to protect profits.
stay on as well. |
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S&P 500 emini trade is still going. S&P testing low made 10/6/05. If market doesn't make lower lows this trade will
be exited. MAT 15put is making lower lows as well, so we'll just hold for hopefully more profit although we dont want to over
stay our welcome as we have a November expiration |
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More new lows. S&P emini short is enjoying the ride as well as MAT put. Indicators are in sell with increasing volume so no time for long positions. Be cautious on short positions as the market is going to retrace some of these losses over the last few sessions. Markets closed Monday but Tuesday will bring FOMC minutes which the market has been reacting to lately. |
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This chart shows the S&P 500 emini trade from 9/27. I fully expected it to be stopped out for a loss and I was very wrong. The market ended up plunging and showing a nice profit. HAL 70C was stopped out for a loss but the MAT 15P is making profit.
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| » TRADE ALERT ! |
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bought JAN 06 HAL 70C @3.50 and NOV 05 MAT 15P @.15
as posted in email will look to build bigger position if counter trade works here.
Oct. 5th, 2005 @ 09:29 am
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| » Major Indexes Fall After The Fed |
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After hanging out in a range the last few sessions, the market had
a distribution day. Still holding short position that was looking
as bad as any losing trade could look,but held in because indicators were
still in sell and stop had not been hit. Its showing a little profit now,
but profit will be set to breakeven. Well, we'll put a little something in
the bank but wont be much.
Isn't it funny, economic indicators look too good and the market fears rate
increase, market then sells off? Its great to be a swing trader. The less
sense you make out of it, the more money you can make.
Don't initiate a sell here, I bought some Jan06 HAL 70C as a counter trend trade,
the oil related stocks have been so strong that I though I might dip a toe in
hear to start a position.
Oct. 5th, 2005 @ 09:17 am
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SYK OCT 45C exited at target .25, S&P 500 short underwater and threatens to hit stop loss. Again
oil is the driver and we could be on the wrong side of this trade. Indicators are still in sell but
short term energy is up. Yesterday saw increased volume which confirms the "up energy".
Sep. 30th, 2005 @ 07:59 am
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| » TRADE ALERT ! |
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SYK OCT 45C @.20 /target .25
Not much has changed, still holding S&P 500 short position at 1221.25. Indicators are still firmly in sell and sentiment remains mixed. The headline remains oil...... Its impossible to know what the market is going to do next, but we can know what it's doing now.
Sep. 29th, 2005 @ 08:34 am
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| » The Market Holds Firm |
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Indicators are still in sell, but market refuses to make lower lows or make higher highs. Short term outlook is bearish in line with the indicators but it's important to be careful here. The breakout in either direction can be quite significant offering hefty losses or nice gains. The big story continues to be crude.
Sep. 28th, 2005 @ 09:43 am
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20method's journal