Posted by Martin September 13, 2011

Stocks ended higher on a choppy day

Like on a swing the stock traded up & down and they ended higher for a second day in a row. Also volume was rising at the end of the trading session. Are we heading back up to $120 level (SPY)? When browsing internet for the news, I am reading that we are not out Continue reading →

Posted by Martin September 13, 2011

Up – down – up – down, get used to a choppy trading

Boy, I am glad I decided to close my puts yesterday. Today’s trading, so far, is clearly indicating one thing – indecisiveness. At this choppy trading I will stay out (keeping my already open positions). I need more days to see where the market will go. That’s a part of being patient, which I have Continue reading →

Posted by Martin September 12, 2011

Market on a roller coaster

Market on a roller coaster

Interesting trading these days! I entered some bearish trades last week on Thursday by buying puts on SPY and XLE, when both equities were showing weakness and unwillingness to continue going higher. I collected some nice profits on this three day downtrend ($248.5 on XLE and $254.5 on SPY), total profit of $503 within a Continue reading →

Posted by Martin September 06, 2011

The market with different signals – how to trade it?

Last night I decided to wait for the market to show me how it would trade. So I waited until the morning for the first five to ten minutes to see. My thinking that since the market would open already 2.5% lower would not provide too much space for further downtrend showed up as correct. Continue reading →

Posted by Martin September 06, 2011

How to trade today’s market?

Last night I wanted to buy SPY puts right at the open of the trading session, but then when I saw futures pointing to market opening 2.5% lower I decided to wait and see the action before jumping in. If the market opens that deep, it may stay flat or actually rise. And sure enough, Continue reading →

Posted by Martin September 05, 2011

SPY heading to a deep fall at opening

Futures are pointing to a deep decline of the market due to renewed fear over the European debt crisis along with bad economic data coming from the US. When markets are gapping sharply down it is hard to trade it. Will it open low and continue even lower during the day or will the day Continue reading →

Posted by Martin September 02, 2011

Profit taking…

As I mentioned this morning (and yesterday) that I would consider some profit taking. Since the market gaped down quite deeply I decided to close my puts position on SPY and take nice $174 profit per contract. I also closed my bear put spread on IBM and collected around $100 profit. Actually $80 after commissions. Continue reading →

Posted by Martin September 01, 2011

SPY on the downhill road

Although the jobless claims were in line with expectations as well as manufacturing data the market failed to go thru the resistance and turned down. Europe’s manufacturing data disappointed and tomorrow we will have Labor data out. The ISM Index remained above 50 number, and although it is trending lower, we most likely will avoid Continue reading →

Posted by Martin August 31, 2011

Will the Greece debt drag the entire market back down?

Although there are many other aspects which will affect the next movement of the market such as weak economy, job data this coming Friday, ISM report (PMI index) etc, the Greece debt and the entire Eurozone debt crisis seems to be coming back. As probably every one knew, this issue hasn’t been solved at all, Continue reading →

Posted by Martin August 22, 2011

Market bouncing on its support, will it survive?

A few days SPY was bouncing on the $112.5-ish level. When looking at $VIX which is at the very elevated levels and considering today’s price action at the very end of the trading day (see the volume and price on any daily chart) I would assume the market was showing some exhaustion on selling. Therefore Continue reading →