9 replies to this topic

[NAV]

Now completely flat. The rest of SDS at 57.09 and a bunch of DOW puts i had purchased just before the Fed minutes.

[Russ]

I have now covered my shorts on es. Market stubbornly refusing to break down futher. I will wait for a buying long opportunity.

[arbman]

Everything but the large caps...

http://ichart.financ...,m200&a=vm&.png

Everything with the large caps...

http://ichart.financ...,m200&a=vm&.png

So far the rest of the market is not quite following the large caps in the afternoon...

http://ichart.financ...vm&c=^DWCP&.png

The volume is elevated, but perhaps not so elevated compared to the morning. You would expect though a little follow through in the morning...

I also covered my short positions... All profitably.

- kisa

[NAV]

Managed to cover both halfs of my SDS position at intraday swing lows - I think

Edited by NAV, 11 April 2007 - 01:54 PM.

[arbman]

Congrats, but it is hard to call this a swing trade... 04/09/2007 15:05:21 Bought 1 RUZQH @ 32.3 04/10/2007 09:52:22 Bought 1 RUZQH @ 30.4 04/10/2007 11:09:19 Bought 1 RUZQH @ 29.3 04/11/2007 11:08:35 Sold 3 RUZQH @ 35 I skipped the hedge positions in the OIH and SMH. I took a 6% drawdown yesterday on this position for 14% or so gain, but I made up the difference in the OIH and SMH hedge options... The amounts are representative, but anyone who checks the RUZ=QH on bigcharts.com can find them out! - kisa

[NAV]

Congrats, but it is hard to call this a swing trade...

04/09/2007 15:05:21 Bought 1 RUZQH @ 32.3
04/10/2007 09:52:22 Bought 1 RUZQH @ 30.4
04/10/2007 11:09:19 Bought 1 RUZQH @ 29.3
04/11/2007 11:08:35 Sold 3 RUZQH @ 35

I skipped the hedge positions in the OIH and SMH. I took a 6% drawdown yesterday on this position for 14% or so gain, but I made up the difference in the OIH and SMH hedge options...

The amounts are representative, but anyone who checks the RUZ=QH on bigcharts.com can find them out!

- kisa

Good trades Kisa.

As for swing trade definition, it depends on what chart you are referring to - Daily, hourly, 30-min. I am a hourly swing trader and so it desreves to be called a hourly swing trade. Of course, i daytrade as well.

[arbman]

Thanks, are you going to flip back to long? I went long a few resource issues.

[NAV]

Thanks, are you going to flip back to long? I went long a few resource issues.

Not yet. Maybe tommorow. I am done for the day.

Edited by NAV, 11 April 2007 - 02:26 PM.

[arbman]

There should be more downside tomorrow morning, OEX P/C is still insane and the bounce so far is on the heavy volume yet it didn't go far, probably a lot of selling into it. Breath is still poor, generally the tech and the financials are leading to the downside, never too good. Equity P/C is also not so low at 0.65. This could be a declining wedge though, usually a bit bullish. If it breaks lower though, it can accelerate rapidly. - kisa

[hedgehawk]

There should be more downside tomorrow morning, OEX P/C is still insane and the bounce so far is on the heavy volume yet it didn't go far, probably a lot of selling into it. Breath is still poor, generally the tech and the financials are leading to the downside, never too good. Equity P/C is also not so low at 0.65. This could be a declining wedge though, usually a bit bullish. If it breaks lower though, it can accelerate rapidly.

- kisa

Looking at weakness through CPI numbers next week. Inflation data will be the water in the glass which is now half empty.