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Posts Tagged With 'stocks'

Does the market resume its downtrend?

We are technically still in bearish territory. When you look at where SPY (for example) is trading (or you can also take a look at SPX), it is still trading below 200 day MA. It however knocked on that resistance several times (which may be a sign of a break thru sometime in the future). Continue reading →

Posted by Martin September 21, 2011

I made $1000 in two days trading options

For the first time in my trading career I can see some success. Yesterday I made $630 and today I added another $400 gain to my account. All in two days. Of course all those trades still can turn into a loss, but I am not expecting it much. And if so and those trades 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 →

Market in Rally Attempt

Market in Rally Attempt

When I wrote my post on July 7th about stocks rallying on earnings expectations I warned about this rally as it is not confirmed and it may fail. Even though the market made an impressive move and achieved great gains since then, it is still in an overall downtrend. Last couple of days I was Continue reading →

Stocks rallied on earnings expectation

Today, the stock market rallied on earnings expectation, which on the other hand makes me feel like wishful thinking. If the earnings show to be disappointing, the stocks will fall back down. Today’s gains were very impressive as the Dow Jones Industrial Average (DJIA 10,018, +274.66, +2.82%) closed above 10,000 points for the first time Continue reading →

Posted by MartZee June 29, 2010

Market slips into a correction after US consumer confidence data

Stocks dropped more than 2 percent on Tuesday after data showed U.S. consumer confidence fell steeply in June on worries about the labor market. Based on that I am considering the market being in correction. No new buys during this time in my trading account (well, right now I do not have free money anyway).