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Posts Tagged With 'SPY'

Posted by Martin October 03, 2011

Shorting SPY once again

Based on the current trading I decided to enter my puts at this point. So I bought 2 contracts of November SPY puts @111 strike. If the market reverses I will quickly liquidate this trade, but if it continues down I will stay riding it. Happy Trading!

Posted by Martin October 03, 2011

Profit taking

I decided to liquidate some of my positions in SPY and FFIV. SPY started to diminish due to time decay so I decided to sell my puts and I will buy November puts since the market is slumping down. I will see at the end of the trading session today. Definitely the market broke thru Continue reading →

Posted by Martin October 03, 2011

SPY – will support hold?

Today’s trading will be crucial. The market opened at its support line at $112 level. Will it hold this support or will we break it? If we hold, we may spike back up and stay in the corrective pattern. If we however close below this support line, the market will be poised to slump down Continue reading →

Market ends third quarter with heavy losses

Market ends third quarter with heavy losses

As I wrote in my previous post, investors were just buying a pure wishful thinking, hoping for better times, improvement and trying to avoid recession (in their thoughts). Although some data from US came better than expected, they weren’t strong enough to offset bad data from Europe. So watch the European debt crisis, since it Continue reading →

Posted by Martin September 28, 2011

Market slips after 4 day ride up.

As I expected, the market lost its steam. Seller stepped in and they were selling. Stocks struggled to rise. Durable goods orders slid as expected. Today morning I bought my SPY puts to ride this downturn. At this point it seems like the market is trading in a range within a bear market. We may Continue reading →

Posted by Martin September 27, 2011

The market continues up on hopes and wishfull thinking

Investors are tired, exhausted and frustrated seeing the market tanking for this long time without any bright light at the end of the tunnel. Therefore they are literally buying any news and today is a great example of them trying to convince themselves that we are out of the forest and we will be growing Continue reading →

Posted by Martin September 27, 2011

Funny Money

Funny Money

It is really funny watching what the market is doing these days. Optimism replacing pessimism within days. Last week we heard what the worst week for the markets it was since 2008 and today we see a great optimism again just to be replaced with a pessimism next week. Today, the news are trumpeting how Continue reading →

Posted by Martin September 26, 2011

Impressive rally today, but not convincing

Impressive rally today, but not convincing

The market rallied (SPY) today and the rally was impressive after a week of fall. But what is behind this rally? Let’s take a look at fundamental reasons, at least, what I could see on the Internet: Stocks jump on hopes for a Europe fix; Dow up 272 That’s what Yahoo! says as its top Continue reading →

Posted by Martin September 23, 2011

SPY puts closed on rising market

The market waved losses at the opening and continued growing after yesterday’s sell-off. Looks like investors are at ease for now. It is understandable. I decided to get out of my SPY puts to protect my gains and re-enter later. Yesterday SPY didn’t get through its support level. The last 30 minutes rally pushed the Continue reading →

Posted by Martin September 22, 2011

Saga continues

The market dropped to my re-entry buy point and I re-entered SPY put position. The market may continue down, or close the gap. I think it will continue down. If I am wrong I will get out of this position quickly. If you wish to track my trading, check the “Recent buys & sells” in Continue reading →