Friday, June 12, 2009
Thursday, June 11, 2009
No much to say, still buy signal
The Pivot Trend System remains BUY on XLF and IYR.
I am still holding FAS.
I am still holding FAS.
watch 1:00 30-year bonds auction
If its rate still goes higher,
then today we will back to 940 again
Released on 6/11/2009 1:00:00 PM For 6/11/2009 1:00:00 PM
Auction Results
Bid/Cover
2.68
Total Amount
$11 B
Yield Awarded
4.720%
then today we will back to 940 again
Released on 6/11/2009 1:00:00 PM For 6/11/2009 1:00:00 PM
Auction Results
Bid/Cover
2.68
Total Amount
$11 B
Yield Awarded
4.720%
Bot FAS, $10.45
Chasing high, with tight stop.
10:15AM, Bot GS 145 Call, $4.9, targeting $6.5 today. Today may be a strong trending day.
13:24PM, Sold GS calls at $5.2, GS is slow and I will be away from my desk for a while. Small profits.
10:15AM, Bot GS 145 Call, $4.9, targeting $6.5 today. Today may be a strong trending day.
13:24PM, Sold GS calls at $5.2, GS is slow and I will be away from my desk for a while. Small profits.
Pre-market watch
1) Better than expected retail sales and initial jobless claim numbers. ++
2) High treasury yield --
3) QCOM good 3Q forecast +
Market is pretty much flat, mixed with "bad" and "good" news. Again, let us see how market reacts after open.
2) High treasury yield --
3) QCOM good 3Q forecast +
Market is pretty much flat, mixed with "bad" and "good" news. Again, let us see how market reacts after open.
Wednesday, June 10, 2009
A Big day tomorrow?
Recent market is very interesting. Market don't want to go to anywhere. No matter, what happened in opening or during the day, it pulled back to almost its origin. Is it the consolidation of 940 level? Might be.
In my view, tomorrow is a decision point for market. Tomorrow we will have two important data, one is retail and the other is jobless. I think the retailer is more important than jobless.
The retail is forecasted 0.6% increase. However, personally, I think it will be disappointed.
The jobless is forecasted 625K. This one I think it will top the estimate. If it is larger, I think people will still accept it since people will think it is because of the bankruptcy of GM last week.
So if the retail bad and jobless good, it still will be a bad day
if retail is good, market will soar to sky, even the jobless is bad.
That's my 2cent.
Welcome your comments.
In my view, tomorrow is a decision point for market. Tomorrow we will have two important data, one is retail and the other is jobless. I think the retailer is more important than jobless.
The retail is forecasted 0.6% increase. However, personally, I think it will be disappointed.
The jobless is forecasted 625K. This one I think it will top the estimate. If it is larger, I think people will still accept it since people will think it is because of the bankruptcy of GM last week.
So if the retail bad and jobless good, it still will be a bad day
if retail is good, market will soar to sky, even the jobless is bad.
That's my 2cent.
Welcome your comments.
New trade plan for tomorrow (6/11)
1) Expecting a lower open/pullback at tomorrow's open
2) Will load URE/FAS if the expected pullback happens. The comfortable loading prices for me are URE: $3.8-$3.85; FAS: $10-$10.1
3) The stops for 2) will be today's lows, if you wanna set stops. (I may stop out positions according to what my system gives me, like cut URE positions this morning). But surely prices lower than today's low would let me pay more attentions to and carefully review the market movement.
4) If 1) doesn't happen (open high and go higher), buy on breakout with tight stops.
5) The Pivot Trend System confirms a BUY signal at today's close. Will see how that plays out.
6) This plan is for short-term play only.
2) Will load URE/FAS if the expected pullback happens. The comfortable loading prices for me are URE: $3.8-$3.85; FAS: $10-$10.1
3) The stops for 2) will be today's lows, if you wanna set stops. (I may stop out positions according to what my system gives me, like cut URE positions this morning). But surely prices lower than today's low would let me pay more attentions to and carefully review the market movement.
4) If 1) doesn't happen (open high and go higher), buy on breakout with tight stops.
5) The Pivot Trend System confirms a BUY signal at today's close. Will see how that plays out.
6) This plan is for short-term play only.
Cut URE $4.09
Heavy volume on downside.
11:08AM, sold half SRS calls at $3.6 (loaded at $3).
12:10PM, bot SPY 95 June puts at $2.10, expecting a target $2.4 today.
13:03PM, SPY puts reached target $2.4. Closed them.
14:05PM, sold the other half SRS calls at $4
I am flat with no positions now. The loss of SRS cut was made up for.
11:08AM, sold half SRS calls at $3.6 (loaded at $3).
12:10PM, bot SPY 95 June puts at $2.10, expecting a target $2.4 today.
13:03PM, SPY puts reached target $2.4. Closed them.
14:05PM, sold the other half SRS calls at $4
I am flat with no positions now. The loss of SRS cut was made up for.
Tuesday, June 9, 2009
Nothing to say in this non-moving market
Market up here, down there. Still stick to my plan and holdings
1) 1 size URE loaded with cost at $4.13.
2) SRS July 16 Calls for med-term play, cost at $3
3) Short term is up, according to the Pivot Trend System.
1) 1 size URE loaded with cost at $4.13.
2) SRS July 16 Calls for med-term play, cost at $3
3) Short term is up, according to the Pivot Trend System.
FoxSwing Real Time Trading index futures
06/09/09 14:24 Short ES U9 @939.50
06/09/09 14:24 Cover Long @939.50
06/08/09 12:44 Long ES U9 @924.75
06/09/09 14:24 Cover Long @939.50
06/08/09 12:44 Long ES U9 @924.75
Sold the remaining SRS, $17.84
As is planned.
12:11PM, as EURO stands above 1.40 firmly, market is expecting to go up. I added some XLF July 12 calls here.
12:11PM, as EURO stands above 1.40 firmly, market is expecting to go up. I added some XLF July 12 calls here.
Monday, June 8, 2009
Positions Updated as of 6/8
1) 1 size SRS due to sell order not filled AH. Plan to sell them early tomorrow.
2) 1 size URE loaded AH at $4.13, following the call from the Pivot Trend System.
3) SRS July 16 Calls for med-term play, cost at $3
4) All comments and especially some market analysis are very welcome!
And my comments in the previous post's comment section. Just in case you missed it in your RSS on comments.
"To the 2nd, yes, I was pointing that IYR was a sell on Friday, and expecting a quick -5% down in 1 or 2 days. Today's sizable gap down and going lower in the morning did start the way I was expecting. However, market is always full of uncertainties. The last 1hr pulling up was showing market internal strength, esp for finance sector including part of real estate.
I think that the system provided at today's close (BUY signal on IYR) makes sense to me, as timing is also a critical factor for trading the market. No quick 5% down today, and plus the huge volume in the last hour's pop, destroyed Friday's SELL setup on IYR, and triggered BUY.
The system is flexible, and hope traders like us are flexible too."
2) 1 size URE loaded AH at $4.13, following the call from the Pivot Trend System.
3) SRS July 16 Calls for med-term play, cost at $3
4) All comments and especially some market analysis are very welcome!
And my comments in the previous post's comment section. Just in case you missed it in your RSS on comments.
"To the 2nd, yes, I was pointing that IYR was a sell on Friday, and expecting a quick -5% down in 1 or 2 days. Today's sizable gap down and going lower in the morning did start the way I was expecting. However, market is always full of uncertainties. The last 1hr pulling up was showing market internal strength, esp for finance sector including part of real estate.
I think that the system provided at today's close (BUY signal on IYR) makes sense to me, as timing is also a critical factor for trading the market. No quick 5% down today, and plus the huge volume in the last hour's pop, destroyed Friday's SELL setup on IYR, and triggered BUY.
The system is flexible, and hope traders like us are flexible too."
New system signal
The Pivot Trend System turned around at today's close, providing a BUY signal on IYR. A careful look on the system shows that the last call of SELL on IYR was a bad one, ending with about -6% loss on IYR.
To me, my plan will try to dump all SRS positions and load URE AH for tomorrow.
To me, my plan will try to dump all SRS positions and load URE AH for tomorrow.
Bought back SRS at $17.8
Got back the size of SRS that I sold earlier today at $18.17.
Hold on!! There is a question with this call according to the Pivot Trend System, reviewing it right now, which means I could turn bullish from now for tomorrow. Looking now....
Hold on!! There is a question with this call according to the Pivot Trend System, reviewing it right now, which means I could turn bullish from now for tomorrow. Looking now....
Did you get the signal from C2?
To our subscriber?
@12:44 Today, Our FoxSwing System Signal:
Long ES U9 @924.75
@12:44 Today, Our FoxSwing System Signal:
Long ES U9 @924.75
Sold 1 size SRS, $18.17
These were loaded at $17.7 last Friday. Still remaining the other 2 sizes of SRS
Subscribe to:
Posts (Atom)
Posts
