buy TZA @ 5.65

stop @ 5.4

 

buy QID @ 15.48, stop @ 15.1

GBP/USD

Yesterday, i closed all the EUR short position and kept this GBP short.  this is my only holding right now.   another hundred pips to go at least… 

 

 

 

 

as i mentioned, i will open some short position tomorrow morning.  the best case is that it gap up and kiss the line above… 

 

Miss the train?

In the last post, I’ve stated very clearly that I will load the short at 1230, however, market turned down directly then on and did not give me the chance to close the small gap…  see how it reacts tomorrow, if it’s a consolidation day, I will load up some at Thursday morning.  I guess this is it… when i super bear like me are hesitating about any short entry, it should be the time for a u turn.

 

the only thing worries me is that the uptrend is obviously a three wave structure if stopped here… it need another wave up to finishes the abc-x-abc…  anyway, a multi-week downturn is insight…

 

EUR and GBP shorts are doing great and both rewards me more than 100 pips since last post… take some profits off the table and will add back.

 

two weeks later, I will add in some currency daily trading signal here everyday around 11pm CA time…

 

61.8% retracement

I’ve been away from stock market for for 3 weeks and I know here has been quiet for a while.  I do not want to join the long side and it’s not good time to short either, so step away is the only choice for me. 

 

my long term bearish take on stock market remains strong.  If you are hunting for a short entry just like whati am doing here, 1230 is the line to try something.  61.8% retracement is the most common scenario in wave2 and I do not think market can get over it in one shot if this is not the destination.

 

USD has been hanging around for a while and I am ready to changed my hedged position to naked short on EUR and GBP sometime next week.

 

USD in the box

consolidation will take more time…

 

APPL put

No update on stock market for past two weeks.  Not a single position or trade in stock/option for past 10 days and I am so glad to see SPY has been up in row for 14 days!  In any measure, this up move is close to be exhausted.

 

I load slight APPL April 230 put at the end of day @ 10.1.   Considering Asian market is flying high right now, this move could be a a little premature.  let’s see.  I simply love the fact that AAPL is outperformed by QQQQ in a up day and both 60min and 5min trendline is broken.

 

 

 

Something I am not consistent with myself is that i closed the last UCD long positions tonight and naked short on USD right now.  EUR/USD will rebound more if 1.385 is taken out.    however all this move is just a rebound for EUR, it still has a long way to fall…

 

A strange portfolio combination for me.  light position and let stop works its way.

China housing bubble

For these for you can read simple Chinese, here is an apartment with one million USD in Shanghai, not the best area, 5 year old apartment and no decoration anywhere…… http://shanghai.anjuke.com/v2/prop/view/15478906

 

I am not calling the tops for China housing market. the craziness may go on for months or years…  but once China starts collecting property tax on housing, everything is over.   Before a property tax is collected, local government has to stimulate local land prices in various ways to gurantee its yearly income…