Market strength

I am actually not so bearish. SRS is the position following my Pivot Trend System.

I also have some bullish ideas like CMCSA, CIEN, GLD, which I already loaded calls in.

I am currently looking at V and will load some calls too.

Today, big names are holding up great, like AAPL, AMZN, MA, GS, ...

As a trader, you must be able to be as flexible as market.

Loaded some FAZ Oct 5 call

Cost at $1.15, target is for a double. This is a med-term play.

Also another plan is to long Gold from here.

sold the other URE $3.43, and loaded SRS

System signaled a SELL on IYR.

Cleared out all FAS and URE long positions, and loaded SRS at close, $20.45.

Sold 1/2 URE $3.38

IYR is relatively too weak.

15:55pm sold the other 1/2 FAS at $8.84

FoxSwing Real Time Trading index futures

06/25/09 12:44 Short ES U9 @912.25

06/25/09 12:44 Cover Long @ 912.25
06/22/09 11:24 Long ES U9 @ 897.50

06/22/09 11:24 Cover short @ 897.50
06/19/09 14:44 Short ES U9 @913.50

06/19/09 14:44 Cover Long @913.50
06/15/09 11:20 Long ES U9 @918.50

06/15/09 11:20 Cover Short @918.50
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

Again, please don't confuse. We have two systems here:
FoxSwing: Trade SP index (ES) futures.
Pivot: Trade ETFs

SPX above yesterday's high

Up to fill the gap on Monday, which is about 920.

Stay long and sit tight.

Market closed back to where it was open

Positions and plan unchanged. Stay long with FAS and URE.

Bulls succeeded to pull SPX back above DMA200 and DMA50, though slightly.

Looks like I was wrong!

Hmmmmmmmm..................

Before FED

I again double checked all charts and signals from the Pivot Trend System. None of indication points to selling or even locking profits. But it is Fed day, with expection of up-down movement after 2:15pm.

I decided to hold long positions into it. You can lock some profits or add short positions to hedge, if you don't feel comfortable with your long position sizes.

Watch closely, and if something big happens, be quick!

Gap up open

If SPX opens above 905, gap may not be filled. Then it will probably an "open high and go higher" day.

As I am writing this, ES is right at 898-899, which is about SPX 905. Need to see whether it will hold up before market open.

This didn't happen. You should have a way of locking profits or adding hedging.

Market goes higher, even with not good new housing data. Strong internal strength.

Consolidation day

My plan doesn't change, staying long with FAS (half) and URE positions into FOMC tomorrow.


Good Luck!

Sold some FAS at $8.4

these were loaded yesterday at $8.09 (+3.8%)

Guys (including Pivot) Be Caution

From my trend trendline, the SP is already in the down side. The slope of trend line is very negative. Although foxswing is longing, I'd like to warn you (FoxSwing did very bad in the big trend previously, which is the point we want to improve now). If you have heavy long positions. you should cover some if there is an up in the near future.

Bot FAS and URE back at close

Bot back FAS and URE shares that I sold at last Friday's close.

Stay long.

FoxSwing Real Time Trading index futures

06/22/09 11:24 Long ES U9 @ 897.50

06/22/09 11:24 Cover short @ 897.50
06/19/09 14:44 Short ES U9 @913.50

06/19/09 14:44 Cover Long @913.50
06/15/09 11:20 Long ES U9 @918.50

06/15/09 11:20 Cover Short @918.50
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

Again, please don't confuse. We have two systems here:
FoxSwing: Trade SP index (ES) futures.
Pivot: Trade ETFs