Greeting Friends,
I entered DNDN Call 26 Sept 09 at 0.72
I entered with 1/3 share of contracts that I usually play, still waiting if it's goes halfway down, I'm gonna entered it for some more.
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Thursday, August 27, 2009
Tuesday, August 25, 2009
Potential Trade to watch
Greeting Friends,
This is my potential trade to watch
DNDN Sept $30.00 Calls (UQBIF.X)
Stocks usually run up in biotech space into events and DNDN has such an event late Sept. No stops, looking for 30s on stock if right.
This is my potential trade to watch
DNDN Sept $30.00 Calls (UQBIF.X)
Stocks usually run up in biotech space into events and DNDN has such an event late Sept. No stops, looking for 30s on stock if right.
Thursday, August 20, 2009
Market Review
Greeting Friends,
The bulls controlled the pace again as upside momentum carried over from Tuesday. Although prices did open weak on Wednesday, they quickly reversed to fade the gap and forged higher after breaking out of a morning coil. Trading remained strong throughout the session. The move regained the broader averages 20-day exponential moving average and reversed Monday’s weak day. Although the move was strong we still could be in the act of rolling over. I might look for momentum to wane today following the consecutive strong sessions. How much we sell-off might go a long way in shaping my opinion for the next market move. A slip back below the 20-day would be a bearish sign and could bring a significant retracement where continued upside today could suggest we have higher to go. If we do trade higher in the morning, I might look for a reversal in the afternoon where a drop below the first half-hour’s lows could be an early weak signal for early possible shorts. Either way I am looking for lower prices today or a doji day at best. Anything stronger than that probably bodes well for the bulls.
Have a nice and good trading day
The bulls controlled the pace again as upside momentum carried over from Tuesday. Although prices did open weak on Wednesday, they quickly reversed to fade the gap and forged higher after breaking out of a morning coil. Trading remained strong throughout the session. The move regained the broader averages 20-day exponential moving average and reversed Monday’s weak day. Although the move was strong we still could be in the act of rolling over. I might look for momentum to wane today following the consecutive strong sessions. How much we sell-off might go a long way in shaping my opinion for the next market move. A slip back below the 20-day would be a bearish sign and could bring a significant retracement where continued upside today could suggest we have higher to go. If we do trade higher in the morning, I might look for a reversal in the afternoon where a drop below the first half-hour’s lows could be an early weak signal for early possible shorts. Either way I am looking for lower prices today or a doji day at best. Anything stronger than that probably bodes well for the bulls.
Have a nice and good trading day
Thursday, August 6, 2009
Market Review
Greeting Friends,
The markets still refuse to sell-off despite setting up for one yesterday. A weak ADP employment number sparked one of the strongest sell-offs we have witnessed since this month-long rally started. The weakness only lasted throughout the morning, however, like we also have seen in the afternoon a bottom and a sharp reversal move erased practically all of the early losses. The doji day still suggests a bullish sentiment so we have no reversal sign yet. Nothing has changed as we look to our Fibonacci retracement targets 1015, 1050, 1120, respectively. Until we see a weak close and a daily reversal bar we shall continue to look for more upside.
That's all for today and have a good trading day.
The markets still refuse to sell-off despite setting up for one yesterday. A weak ADP employment number sparked one of the strongest sell-offs we have witnessed since this month-long rally started. The weakness only lasted throughout the morning, however, like we also have seen in the afternoon a bottom and a sharp reversal move erased practically all of the early losses. The doji day still suggests a bullish sentiment so we have no reversal sign yet. Nothing has changed as we look to our Fibonacci retracement targets 1015, 1050, 1120, respectively. Until we see a weak close and a daily reversal bar we shall continue to look for more upside.
That's all for today and have a good trading day.
Tuesday, August 4, 2009
UNG Trade
Greeting Friends,
I entered UNG Call 13 Sep 09 at 1.65
Sell half at double.
Have a nice trade
I entered UNG Call 13 Sep 09 at 1.65
Sell half at double.
Have a nice trade
Monday, August 3, 2009
Market Review
Greeting Friends,
Everything still looks bullish here until proven otherwise although as earnings season comes to a close we could be with a lack of catalysts to support this move. Nevertheless, I am still looking higher now to the 1020 and 1120 Fibonacci targets unless we see a reversal pattern so let’s look for higher prices again for Monday.
That's all folks,
Have a nice trade
Everything still looks bullish here until proven otherwise although as earnings season comes to a close we could be with a lack of catalysts to support this move. Nevertheless, I am still looking higher now to the 1020 and 1120 Fibonacci targets unless we see a reversal pattern so let’s look for higher prices again for Monday.
That's all folks,
Have a nice trade
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