markets jumping early today for no reason
8 hours ago
Monday, October 26, 2009
Subscribe to:
Post Comments (Atom)
Subscribe To
Posts
Comments
My Blog List
-
-
13 hours ago
-
3 years ago
-
6 years ago
-
8 years ago
-
14 years ago
-
-
-
About Me
- The Honest Trader
- I have been trading stocks since I was 15 years old. Everything I know about trading is from watching the tape for 1000's of hours and reading trading / investing books and online information. Everything I have learned trading has come from "real life" trading experiences. Meaning, I am a homegrown trader with no formal training. I started with $1,500 in an online account and have now grown that to a considerable sum through the years (paid a lot of tax too). I used to trade like an idiot and had no idea what I was doing. I lost money, made money, got lucky and eventually started to "get it". I have been high and I have been low - but I am still standing.
bulls clearly will give no confirmation / continuation to bearish positions
ReplyDeletetough market folks - i guess buy dips should be the motto until proven wrong although I am not playing it that way
everyone will be talking about month-end markups for funds this week leading the market higher
ReplyDeletefor me - hopefully the markups stay below my short stops, but again this morning actions make me wonder after I felt pretty good when we sold off on friday on good news
maybe if there is just no news like today the market can rally, but on good news sell off? that doesn't really make any sense but it is what it is...
AMZN over 121 - wow
financials noticeably weak
banks weak but everything else up big - something will correct itself between those today
ReplyDeletetaking a shot short in AMZN at 122.55
ReplyDeletestop at day's highs
still in amzn for those playing along with stop above 124
ReplyDeletewhat happened - market dumping for no real reason now
ReplyDeleteamzn staying strong though - probably should have picked a weaker stock to short for an intraday play but thought it might be a gap and crap situation after the huge run on friday. i am sure amzn is jammed with shorts here which could fuel gains
sell off reasons - dollar strength i would guess
ReplyDeleteout of amzn - too strong
ReplyDeletegot back short amzn - think this had multipoint downside and limited upside. think the bust up of 125 was the climatic top
ReplyDeletetook half off amzn for almost 2 pts to recoup earlier losses, stop at 125 so worst i can do here is breakeven on my amzn action for the day
ReplyDeletetaking a 1/2 size short amzn position home
ReplyDeletenice day overall for me - my shorts got paid big
ReplyDeletegold down - not good for me
long bond got hit down - good for me
bidu with garbage guidance will weigh on the Naz tomorrow
ReplyDeletequick thought - i might try to short some chinese index funds as bidu is one of several chinese companies disappointing. i think most people are thinking china will lead us out of the recession. the numbers aren't saying that and there may be some froth on these chinese stocks... have to think about this one
ReplyDelete