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Archive for October, 2011

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 →

Posted by Martin October 03, 2011

Stocks set to dip on fresh fears about Greece

Stocks set to dip on fresh fears about Greece

By CNNMoney staff October 3, 2011: 7:39 AM ET Premarkets. NEW YORK (CNNMoney) — On the first trading day of the fourth quarter, U.S. stocks were poised to fall at the open; following a sell off in world markets, as investors fret over Greece’s ability to avoid default and a slowing global economy. Dow Jones 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 →