Another Shoe To Drop: LT2s
Written on April 10, 2008 – 5:09 am | by admin
Another so-called ‘Black Swan’ emerging on the horizon to settle on the tumulous lakes of the financial community. Mark Gilbert at Bloomberg explains.
Moves Today
Written on April 8, 2008 – 3:04 pm | by admin
Having been away from the market for the better part of two weeks, I’ve made the following moves over the past two days:
- Yesterday
- Today
- Closed out USO
- Closed out UNG
- Bought puts on XLY (stop at 32.39)
http://stockcharts.com/h-sc/ui?s=XLY&p=D&b=5&g=… - ACN / Puts (stop at 38.05)
http://stockcharts.com/h-sc/ui?s=ACN&p=D&b=4&g=… - DXD / Calls (stop at 53.15)
http://stockcharts.com/h-sc/ui?s=DXD&p=D&b=5&g=… - RIO / Puts (stop at 37.75)
http://stockcharts.com/h-sc/ui?s=RIO&p=D&b=5&g=… - SKF / Calls (stop at 99.25)
http://stockcharts.com/h-sc/ui?s=SKF&p=D&b=5&g=…
- Tomorrow
Tags: acn, axp, bkx, dxd, MEE, micc, mos, rio, SKF, ung, USO, XLY
Jim Rogers: The Canary In The Coal Mine
Written on April 8, 2008 – 2:46 pm | by admin
Jim Rogers for President. Oh wait, he already emigrated to Singapore.
The Next Shoe To Drop
Written on March 23, 2008 – 7:56 pm | by admin
Government intervention at its finest:
http://www.bloomberg.com/apps/news?pid=20601087&sid=akhm.v.Wd1YQ&refer=home
Tags: T
Bullish Buy - FDP
Written on March 18, 2008 – 8:03 pm | by admin
I have been kicked in the teeth again lately. Perhaps I am too impatient to try and catch/time every market move. But the past two weeks have just been horrific on my account.
Today, the Fed cut rates (again) by 75 basis points. The USD is sure to continue to fall vs. every major currency (not today but in the medium-to-long term) as our central bank lowers rates while every other central bank (Australia, ECB) continue to either hold rates steady or raise rates.
One short-term bullish play I am looking at is the following:
FDP closed above previous resistance at 56 and is also in a bullish uptrend. By my calculations, it should be good for a 5 to 6 point move to the upside.
Tags: FDP
Buying Today
Written on March 17, 2008 – 6:33 pm | by admin
I added quite a few positions today throughout the course of the day. They are as follows:
- AMZN
- CMG
- DECK
- EQIX
- SRS (added this position back after seeing the huge downtrend & slow stochastics cross on its underlying index - IYR)
- URBN (triple top in the 30.50 area on the candlesticks)
Closed out the following (will look to reenter depending upon market strength):
- CF (potential support around 105; make sure it doesn’t break previous low close of 105.26)
- MOS (support around 100)
Added to the following:
- DBA
Want to add on Fed weakness tomorrow:
- CRL
- RATE (unsuccesful; will add tomorrow)
- HOLX
- IGT (watching for a breakdown from previous support)
- MGM (hoping for a retrace back up to the trendline)
- PLD (market strength could reverse this descending triangle)
- STI ( if it breaks its previous low close at 54.23, watch out below)
- USM (broke beneath prior (weak) support)
Want to add on Fed strength tomorrow:
- CHK
- FMX
- FCN
- MGM (going to hit the floor if the market tanks, see PENN as well although it is quite extended to the downside already)
- XTO (natural gas play along with CHK?)
Watching no matter what the Fed does:
- UNG (look for a retest of support around 44)
Wish I could but I can’t (buy puts on this security):
- RBA (what a sweet put setup)
Tags: amzn, cf, chk, cmg, crl, dba, deck, eqix, fcn, fmx, holx, igt, mgm, mos, pld, rate, rba, SRS, sti, ung, urbn, usm, xto
Max Pain Theory
Written on March 14, 2008 – 8:32 am | by admin
The Max Pain Theory, which basically indicates where the market makers want the underlying security to end at on options expiration day so as to inflict maximum pain on those holding options, indicates the following about the indexes for the March 2008 expiration:
- DIA - 121 (120)
- SPY - 133 (130)
- IWM - 74 (66.5)
- QQQQ - 45 (42.45)
We are currently 8 days from options expiration. It will be itneresting to see if these levels are where the particular indexes finish at.