Sunday, February 8, 2009

Technicals still down too

Broken support all over the place and lack of resistance is down.

Lunar cycle down......

Yeah lunar eclipse monday and we're still in full moon session.

Expecting the blood-bath to end early next week with few bounces in between.

We'll see though.

Wednesday, February 4, 2009

DOW -130

Saw that coming. S&R much better now for these trends. Closed the TOL put @ 1.05 for a nice daytrade.

On the edge here now because we have 2 bailouts coming and the market looks extremely weak. Not sure which way we're going to go here. I've got plenty of time to make money and right now isn't going to be the easiest so i'm going to try and stay on the sidelines for a bit now.

Closed X call and in TOL put

Sold my X call @ .65 and back in my TOL 17.5 @ .75 :) Dumped that bitch @ 1.45.

We're going lower in a bit IMO.

Rest of the calls are doing rather well as well.

ADM getting crushed (have puts in that). They got downgraded today. Overall a great day.

Want to see AZO get murdered now :)

Monday, February 2, 2009

Also own USO $36 calls from .45

Broke 8k out of a flag pattern....

I just don't see how this can't go lower. IMO it will as we've broken through almost all technical support. Leaving my puts in for more $$$$ because I think they have huge potential at the moment.

Back for good now!

Hey it's been a while. Just got busy and no time to update the blog. Lots of new positions and updates.

Closed BAC calls @ 1.20 from .37.
TOL put 17.5 @ 1.45 from 1.50
JPM put @ .33 from .65.

Account -270 at the moment.

New positions.

Puts: AZO - 110 and 100 strikes .45 and 1.10
ADM - 22.50 strike from 1.10
UNP 35 strike (2 of them) ~ 32.50

Calls:
AA - 2 $10
X - 1 40 @ .15 and 1 35 @ .50
EMC - $12 @ .18
SIGM - 12.50 @ .20
BAC - $9 @ .33 (riding profits)

Think that's it. Going to update trend analysis on this chart and go through other bearish bullish for each stock I own. Not much intra-day trading for me due to my TTO orders and I need to do a better job of leaving those in with the stops INTACT :P.

Trend analysis will be key and I will post that. Won't post the MA analysis nor indicator analysis. Overall hopefully trading improves.