08/31/2009 intraday update

12:49pm

OK, now I am back to the trading mode.  trying to find a short entry this morning, but get no good entry point.  waiting…

I did not post anything this week~~ very rare ever since this blog starts… things will be back to normal next week and I will be to the regular trading mode.

 

I do not have anything right now and no trade this week yet. 

08/20/2009 intraday update

1:30pm

short term turn to bullish again.  my positions are stopped out near the high yesterday, so tinny profit in these trades.  I am not sure if the correction is over, so will sit at the sideline for a while. 

 

Also I am still very busy with my personal staff these days and I hope I will be able to post regularly very soon.

08/17/2009 after market quick summary

A great day for bears.  My shorts are doing well and I’ve not closed the position yet. 

 

today’s action is really broad market selloff and also it’s a MDD.  typically tomorrow will be a consolidation day and may close a doji.

 

yesterday, Asian and Europe are sold off hard and and Shanghai Index drops 6%.  let’s see how it goes tonight.

08/17/2009 intraday update

1:06am

Sorry guys, I did not come up with anything over the weekend.  It’s busy weekend for me though i did not achieve much :(

 

Anyway, after reviewing some charts in the past hour, I do not have a very clear view at the time.  Asian market is down over 2.5% at the time and I expect US market will follow next week in the short term.  I will keep my short position for a while and just move the stop little by little.

 

I am a little puzzled in the midterm.  I am more toward another midterm rally in the next month, but it’s also possible we have already seen the top.

 

My long term view does not allow me to get into long position at this time.  We have a long long way to go in this bear market and once you get trapped at this price level, you may not get out of position in the next few year…  If you short and get trapped, you will see you are in the money by the end of the year. 

 

OK, let’s how the next trading day goes.

08/14/2009 intraday update

3:35pm

the uptrend obviously lost the momentum.  I will add a review this weekend. 

 

12:32pm

My shorts are working for the first time in the past month.   it says let the profit run…

08/13/2009 intraday update

1:20pm

enter some short position @ SPX 1009.  I don’t think the correction is over.

08/11/2009 intraday update

Asian market is down big now, finally.

 

 

the trading hour is over.  Just a quick chart for review.  SPY 15min chart.  it seems that market finished a breaking down-retest-heading down process and I see more downside from here in the short term. 

 

 

11:21am

based on the current pattern, today could be the trend day and may close at low of the day.  Market is pulled up every time in the past few weeks, let’s see if the tide has changed…

I get extremely busy past few days and situation may continue for one more week.  i will try to update as long as i have time.

pullback needed

we are on the top of the wedge and a pullback is needed here.

 

If we break up above the wedge, 1200 is really insight. 

 

I checked some of my previous post to review my thought process.  I said before we make the higher high that I will go bullish if we break the 960.  i am wondering what made me not following my original plan… maybe I am too bear biased these days…  yesterday, a friend told me that market will heading down when i start going long.  hehe, maybe i need to sacrifice myself to take bear’s day back.

08/07/2009 intraday update

1:07am

new high.  if the market closes at the HOD, I will enter some short there.

11:33am

crazy bull…  another stopped out… no position over the weekend…

08/06/2009 intraday update

2:24pm

broken and retest

 

1:45pm

yellow line is the key support to watch out. take that out, bears will have some good days ahead.

12:34pm

market has been pushed up towards the end of the day many times during the past few weeks, will today be different? My short positions opened yesterday are still there, no position added today…

Today should be a down day

In the past three weeks, I am repeating the action of short, stopped out, short stopped out…

 

today the small position i entered is still there and i add more at the end of the day.   Many signals are telling tomorrow is a down day. 

 

TA is a not a crystal ball, but all about probability… 

08/05/2009 intraday update

12:46pm

enter some short position here @ SPX 998.2.  Midterm I am bullish, but we need some correction here.

08/03/2009 intraday update

3:40pm

VIX still in green.  tomorrow is the reversal Tuesday? :)

 

2:46pm

SPY 60min chart channel.  this uptrend still has quite some way to go

 

 

 

1:56pm

market continue its strength.  just enter some SDS @ 45.92 to test water… stop @ 45.5

SPX coin system 08/ 03 – 09

Mon: down

Tues: down

Wed: up

Thurs: up

Friday: down

weekend update

The market keeps going higher though I’ve been waiting for a pullback for quite some time.  I entered a few short positions last week, but all get stopped out within the day. 

 

tomorrow, there is a high chance we will close in red, since market remain flat, but VIX get quite decent gain.  This has been a very reliable pattern and let’s see how it plays out this time. 

 

 

Also, we are in a extreme overbought level right now, the highest STO reading ever since the bear market.  Good news for bear is that STO is heading down right now, another evidence I think market will close in red tomorrow.

 

in the midterm, I tend to believe bulls have more edge right now and this rally might not end till sep or Oct.