Posts Tagged With 'SPX'

Posted by Martin December 08, 2011

SPX turning down

Interesting market these days. I couldn’t believe what I saw. Using common sense everybody could see that this rally is not sustainable, yet the market was rallying. Maybe it is due to a fact, that vast majority of mutual fund managers are under-invested, they missed this rally and they are terribly under-performing. Scared they may Continue reading →

Posted by Martin November 17, 2011

PG trade adjustment, SPY & POT puts new trade

PG trade adjustment, SPY & POT puts new trade

I am trying to trade longer term options trades. One of the trade I opened recently was long (April 2012) puts on Procter & Gamble (PG). Now I want to be opening short term trades against this trade to produce income. Same thing I am doing with my SLV long term holding and the same Continue reading →

Posted by Martin October 04, 2011

Stock market in rollercoaster

Wow, today’s trading was really crazy! I must admit I suffered some big hits today. Well, overall I am still up and making money, but some $500 day loss. Little bit less than that, actually. What’s crazier here is the reason for such irrational move of rallying up in the last 30 minutes of trading. Continue reading →

Posted by Martin September 22, 2011

Update on market – more profit taking this morning

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 →

Posted by Martin September 22, 2011

Another gloomy trading on Thursday

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 →

Posted by Martin September 21, 2011

FED disappoints and the market is poised to fall

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 →

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 →