Morning Market Video Dec 16
http://www.youtube.com/watch?v=V41HexuDBkM&list=UUQ4DGEIyKYW3W8f4lRoE8Cg&index=1&feature=plcp
Quick Thoughs for Wedneday’s Trading Session
As mentioned earlier I will be travelling today and hence not in the chat-room until 3pm et or so. First, the bank downgrade after the bell yesterday took the futures down about 7 handles immediately but that was about it…so all in all not a huge event as of the time I am writing this. […]
Travelling Tomorrow
Subscribes I will be travelling tomorrow and not in the chat-room until aroudn 3pm et or later. If something urgent comes up to trade I will have one of my guys post it on the blog here. Otherwise please refer to the afternoon update from today (Tuesday) for our game plan. Serge
Morning Thoughts November 29
Yesterday's snoozy session ended with the machines trying to fill parts of the large open gap..but as one would have thought they failed as the S&P 500 closed the day right in the middle of its trading range. We now still sit between two huge gaps (see chart below of the S&P 500 futures), of […]
Update on the Nasdaq 100
please note the large gap from November 21 on the chart of the NDX. If it fills the index would find good next resistance near 2285. Keep this front and center as it may also give clues to AAPL, and vice versa.
Update on WYNN
after taking 50% profits last Wednesday as discussed in the chat-room in real time and posted on the blog, we are now looking for the next level higher where we would add to this short position again. That level for now looks to be between $117.50 and $121. We will update you as we get […]
Perspective: Dancing between two huge gaps
two massive gaps on either side of the market here…see the chart of the S&P 500 emini futures…add a few points to get the levels of the S&P 500 itself.
Closed that tiny SPY long position
we just closed (sold) that tiny SPY long position from last Monday into this morning's sally rally. we are however happy to buy'em for a bucket 2 trade again should we have an amazing solid close today
Bucket 2 Trade Idea: SMH
Into year-end it quite honestly is a difficult call in any asset class. Immediate term risk assets are much oversold and the bounce we are seeing today may have further to go. Soon the question will become whether this bounce leads to performance chasing (and hence a rally) in risk assets by fund managers or […]
Morning Thoughts November 28
Please also read the weekly newsletter this morning if you are signed up for it. After last week's boring but one-sided trading action we are looking for well-rested traders to step up and buy the market for a bounce. The number one question remains whether or not we get a year-end squeeze higher. For now […]