Tag Archive for 'options'

News-driven

Published on March 16, 2011, 9:30 pm in Trading. Closed Tags: , , , .

Technical analysis didn’t matter much today…it was an unbelievably news-driven day….difficult day to trade. The VIX was up 30% during the day, topping 31.28 which we haven’t seen since last summer.

We also had the highest TRIN close this year at 3.10 and way oversold. TRIN close over 2.0 results in bounce next day 9 times out of 10. No bounce? Market in trouble. It’s worked the last several times it closed above 2. In anticipation, I entered some QQQQ calls.

We have the biggest economic news day of the week on Thursday with Jobless Claims, CPI, Industrial Production, Leading Indicators andPhilly Fed report…..and any news report that has the word “nuclear” in it!

“When you’re up to your ass in alligators, it is hard to remember that your original intention is to drain the swamp”

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

Boring again

Published on January 5, 2011, 10:41 pm in Trading. Closed Tags: , , .

Yes it was another boring day, but it was a positive day for me, although my index shorts like SPY puts and SDS calls sunk during the day. I was saved by TBT and V longs and REE short. I ended up about 4% only because my long positions were stronger than my shorts. I guess that’s diversification. 8)

Employment numbers blew everyone out of the water! Those were then followed by good ISM numbers. And after all that good info, the market still was sluggish and boring on below average volume.

Now to see if Jobless Claims and Non-Farm Payrolls match today’s data.

Boing!

Published on January 3, 2011, 10:32 pm in Trading. Closed Tags: , .

Wow, one hell of a New Year! Of course several of the world markets were closed, but volume was up along with price….more action than the last two weeks.

I had a nice daytrade long in DTV, but all my short positions I started last week were gasping for air. They are all option plays and about halfway to my stops, but I still got time before expiration.

Good eco news today and a stronger dollar. Gold & silver were weaker, but “rare earth” kept its irrational exhuberance. Everything is overbought but still climbing. Something’s gotta give! :evil:

Storms a brewing

Published on December 13, 2010, 6:57 pm in Opinions and Trading. Closed Tags: , , , , , .

I’m worrying about keeping my electricity and Internet connection going. Got everything prepared as Northeast Ohio gets ready for another storm overnight! The roughest December I can remember…at least the most snow.

But that’s not the storm I’m thinking about. Today was the definition of volatility…. Shows you what a Monday on low volume can do. No matter which momentum indicator you use, these markets are overbought. Sentiment is way too bullish and have you looked at those Put/Call ratios? The ISEE was over 200 on Thursday and Friday…the TRIN is way too low…the Put/Call Equity Volume ratio was under .50 for several days….this market is waiting to do something…..a correction soon!

I’m sitting about 20% short, 5% long and 75% cash….this market has got to show itself eventually. Did it say something in the last hour today? Strange Brew. Let’s see what China does tonight. 8)