Thursday, April 01, 2010

Covered all at 1175.25

will retry later

edit:
We cannot rule out backtest of highs nor testing 1182-4 level on ES

Coverd some at 1174.0

shorted 1177.25 - 50%

SL 1179.25

Wednesday, March 31, 2010

Go Linux Go !! :)


It may go back to 30 area to retest previous level but IMO , from Monday on, the path is down.

may be DB for now at least....

nice little ride anyway....

Interesting setup

Lazy market

They had a great opportunity to play the "red" scenario out yesterday after marking lows but they refused to do it. Instead, more range bound action is still the name of the game. As I write this, ES is at 1166 after a nice dip but until 1162 is taken out, we are still in the same range.
We may get some movement early tomorrow but the expected lack of volume almost warranties bulls are pretty safe for now.

On Friday we may see some little surprises with payroll numbers but I will wait until Monday to see a real definition of this sickness and, only then, rule out "red" scenario. For now, I 'd be very cautious with longs :)

Monday, March 29, 2010

Quick note

Market remains in range bound. I was expecting a little higher prices to short but for now, they refused to break above 1171 area. Will wait until Wed morning, max. After that I expect volume to be too low to trade.
There is a possibility we rally a little AH to gap down tomorrow.

GL

Sunday, March 28, 2010

View for next week



Both scenarios are probable, though I 'll be waiting to play the red one cause R/R is much better.

Friday, March 26, 2010

Covered all at 1162 -

Not interested in holding into the WE,

Daily net:
-2 pts
+11.75 pts
+0.50 pts
-----------------
+ 10.25 pts (not weighted)

added 25% to shorts at 1163.5

avg 1162.5

stops at 1165.5

reshorted at 1161.5 - 25%

this last 3 trades are to manage position, improve avg, stance remains the same.