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 →
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 →
In many of my previous posts I mentioned that I like my investments to create income, which can be used for further investments. There is an ETF which can provide this opportunity. It is Agrobusiness ETF (MOO) and it trades in a channel and it touched its lower boundary of the range. It is highly Continue reading →
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 →
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 →
It is nice to be correct. The market was poised to a bearish trend and it sure did. In just two sessions we saw big sell offs. I was thinking what would push the market that down? Was it FED? I doubt this would be the only reason. There are a few items I could Continue reading →
OK, the market opened sharply lower as expected and I decided to take some profits. I noticed that when SPY opens lower with gap, it has a tendency to close that gap during the day. If I am correct, SPY will go up today and close around 116 level, where I will re-enter my put Continue reading →
After the sell off on global markets (Asia and Europe) the US markets are poised to a sharply lower opening. US futures point that the SPY will open at 113 level breaking thru the support of the pennant (or triangle). During the day this gap may be closed, but if the selling pressure during the Continue reading →
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 →
Today, the market dropped hard at the very end of the session reacting on FED’s disappointing announcement. Another news which helped markets to tank was a Moody’s downgrade of financial institutions such as Bank of America, Citigroup and Wells Fargo. I think this downgrade was a lot more significant then FED’s announcement. I do not Continue reading →
Recent Comments