Tag Archive for 'JPM'

And they’re off….

Published on April 10, 2011, 9:42 pm in Trading. Closed Tags: , , , , , , .

By the end of Friday I had cashed out many of my holdings. I’m about 20% invested, 1:1 long vs short, and 80% cash. Just couldn’t tell what this market wanted or was going to do. Commodities were floating to the sky, budget finger-pointing and low volume made me uneasy. The Dow was up slightly while the other major indices were down slightly last week. And it looks like the Russell/TF is leading the way down…just like it led the way up.

Even though we have some sort of budget compromise, I’m not sure it’s any better. It only gets us all the way until next Thursday, averting this weekend’s shutdown. So on Friday, not only do options expire, but maybe the government as well! :mrgreen:

The big news this week will be earnings…with AA kicking off the festivities after the close on Monday. JPM comes out on Wednesday and GOOG on Thursday. Option Expiration Friday has BAC SCHW and MAT.

Now I’m going back to melting down all my silver disco chains and throwing in a few forks and knives. Good luck and happy trading :!:

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It’s nice to be short

Published on January 19, 2011, 9:02 pm in Trading. Closed Tags: , , , , , , , , .

…Short stocks that is :-) Moneymakers today were puts…in JPM SPY and SDS. Money losers were calls in V and TBT…but the shorts won dollar-wise.

Still playing with TWX and their internet connectivity! Yes it sucks, but I was online more than offline. I did see that GS and AXP did not have good news this morning…and the kick to the downside was on. And that was really good for my JPM puts…thank you.

Jobless claims tomorrow, along with Existing home sales and Leading indicators, will either continue the downtrend or turn it around.

Oh boy…this is getting fun!

I like my new telephone, my computer works just fine, my calculator is perfect, but Lord, I miss my mind! –Author Unknown

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Holiday volume?

Published on January 13, 2011, 10:35 pm in Trading. Closed Tags: , .

Markets took a break after yesterday’s run up…on low volume again. Looking through charts, I came across this one of the monthly S&P. Besides coming up to a resistance level…look how volume has been trending lower ever since the 2007 high.
Monthly S&P

Friday has a boatload of reports: CPI, Retail Sales, Consumer Sentiment among others, but I think JPM earnings report will dictate the type of day we have. And remember it’s the Friday before a long weekend. What kind of volume do you think we’ll have? 8)

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Breakout?

Published on January 12, 2011, 10:34 pm in Trading. Closed Tags: , , .

The S&P made a statement today when it ran through the resistance area of 1275. The only trepidation I have is that it was on low volume. But then again the entire move up over the last 30 days has been on low volume! S&P Jan 12, 2011
I guess the statement was not enough for me to dive in long. I’m still a bit short but mostly just sitting and watching. Maybe a follow-through day will get me going. Lots of news and eco data on Thursday…plus INTC report after the close and then JPM on Friday morning going into a long weekend.

If you think nobody cares if you’re alive, try missing a couple of payments.

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Roller coaster OpEx

Published on October 13, 2010, 8:15 am in Trading. Closed Tags: , , , , , , .

We rolled down hard and then ground up click by click on Tuesday. Although I would have rather stayed down, but I had enough time to cash out on the shorts purchased on Monday. Then with that move up I reentered the same shorts at an even lower price.

Unfortunately, that deal is not working out this morning…yet! Futures are up big Wednesday morning, as good reports from INTC CSX and JPM injects some euphoria into the marketplace. INTC ‘s history shows that it likes to pop ‘n drop on its earnings…and JPM took money out of its reserves to make the beat. I still can’t get my head around this irrational exhuberence on QE2. Doesn’t printing more money just mean that the economy still sucks?

I’ll probably add onto my short positions as the market pops and look for a drop into options expiration Friday or the morning after. QID VXX SDS

Congratulations AAPL for breaking the $300 barrier this morning! :mrgreen:

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