Monday, July 6, 2009

Bought ES @ 884

Still short , but reflex bounce trade here.

Thursday, July 2, 2009

cover some ES @ 898 + 25.25

Taking a little ES swing here off the table as expect the market to probably be minimal to the downside for rest of day due to early holiday departures of traders for the Long Weekend. Happy 4Th of July Gang!

Monday, June 29, 2009

Short ES @ 923.25

cover Es break even

This buy manipulation into the end of month is not something we want to stand in front of as ES goes unchanged in a heart beat.

short ES @ 916.75

trying a little here ...break of highs would be a stop around 918 area.

Thursday, June 25, 2009

Cover ES @ 911

nothing but some junk trade today..what games!

Adding ES shorts here @ 914

lets see if we get a pullback to at least original entry 905.

Short ES 905

Cover ES @ 895 +3

this market is all over the place...not worth the risk til we hit an extreme.

Wednesday, June 24, 2009

short ES @ 898

See if we can get a negative close today...use a break even stop on this.

Little update here. @ the close......I'm going to stay with this trade as we seem to be right at 898 and its too close to call. We'll know more tomorrow if we take out today's highs tomorrow.

Covered ES @ 902 +4

Taking a small profit on this day trade and going flat on day trades. More after the fed @ 2:15et.

Short ES @ 906

Day trade, most likely be flat before the fed..we'll have to see.....

Monday, June 22, 2009

Cover some ES @893.+29

We need to be aware of lunch time and the light volume. Important levels here today and that needs to be respected. Great trade for all the traders how followed the Friday 922 top trade.

Friday, June 19, 2009

Cover Day trade size @ 911 +11

I'm going to hold some size into next week but have to take profits into the upcoming last hour of Option Expiry.

Short ES @ 922

Try this entry , it looks good.

covered the ES at the close +4

day trade was ok , but was expecting a little more.

Wednesday, June 17, 2009

Sold ES long Here ..913.25 +10.25

Getting close to the 2:30 ET Option Look ahead time frame for this Wednesday before Expiry. Could move higher put this was a day trade reflex trade only. Caution trading rest of day.

Covered some ES swing @ 903 +51

took a little more off here guys. Just have to take what the market gives you. Ive taken a small long position here for a retrace from the 903.

Monday, June 15, 2009

Cover a little here on ES @ 916 +38

No idea if the buy tornado will come in or not..but covering some to be discipline on a Monday. Still holding from 954 for swing.

Thursday, June 11, 2009

Wednesday, June 10, 2009

Taking some Profits @ 928 +20

Taking the day trading size off the table and staying once again with the original swing going forward short.

Short ES 948 ..day trade

Monday, June 8, 2009

Took a little profits at 930 +24 from fridays entry

Taking a few contracts off here as we have a favorable morning. Mondays have flows of mutual fund money and could recover some so we have to be discipline.

Sunday, June 7, 2009

Long Awaited Pullback in the Making

Think we are in the making of a nice pullback finally in the market. Added a little more @ 954 area on Friday . Lets Get er Done!

Tuesday, June 2, 2009

Cover ES @ 940

Sorry for the late post but took some profits on the day trade size for +8. I'm staying with this thing through this extreme trying time.

Short ES 948 ..day trade account

Monday, June 1, 2009

adding some @ 936

we had a nice decline Friday at the close from the 924 entry. I know some took it , but on a swing basis I like entries into this continuation up move from Friday.

Friday, May 29, 2009

Shorts added @ 924 spike

we may need to add a little higher into Monday -Tuesday but playing the odds we correct early next week. Have a great weekend.

Thursday, May 28, 2009

Staying the course here

Staying short the ES and NQ as we have lots of wiggle room for us to weather the choppy games the MM 's are playing. Keep focus gang ..we'll get em!

Wednesday, May 27, 2009

Short NQ @1425

short ES @ 911

add more at 918 if we get it

Low of 1404.25 to cover into

we had some expected weakness in the overnight session.

Tuesday, May 26, 2009

Overnight short NQ @ 1413 ..

looking for some overnight weakness and probably be out of this thing into the wee hours of the night

Covered ES @ 905 -1

hard to get anything here as the light volume holds market up

Short ES 904 day trade

Thursday, May 21, 2009

Covering half here into holiday +41

Nice sell off today. Covered half the swing ES from 921 here at 880. +41 on the trade so far. Not a bad days pay!..LOL.. Have a great long weekend. Tomorrow is expected to be dead and not worth the trade risk. Cheers!

Wednesday, May 20, 2009

Nice follow though

We had a very nice afternoon to the downside. The selling was quite responsive to the 921 entry. Funny as its always the case where your only in a half position where the moves really work. Anyway there was some nice confirming indicators such as GS roll over, vix looks to be bottoming and the nice confirmed lower close. Good short going forward.

Short half postion @ 921

I'm taking a half position short here @ 921 and will be adding the full position if the indexes hit the 200 ma at 941 -42 area.

Covered a liitle @ 905..BREAK EVEN ON REST

Friday, May 15, 2009

Cover ES @ 878 +16

Need to be flat here @ 3:10et as the games will continue on this option expiry day. Also very rarely down on a Friday. Great Day gang and looking forward to another great week next week.

Day Trade Short ES @ 894

Took Profits into premarket weakness

The Es dipped to as low as 882 this morning...If any of you were watching this morning its seemed to find support there and moved higher. The open was a flat one into option expiry.

Thursday, May 14, 2009

Short ES @ 896

starting a position here... see how we close today.

Up to +4 points on that resistance level

Hard to trade light volume and option expiry after 3 down days

ES day trade Short @892

Wednesday, May 13, 2009

Another Favourable gap

Hi gang , being that its Option expiry this week and volatility will be high I'm scaling out some more of my ES and NQ shorts..Beautiful gap downs this morning ..Nice profits for all!
Covered ES @ 888 and NQ 1355.

Tuesday, May 12, 2009

Covering up some shorts

Covering some Es from 923 short here @ 900 for 23 point gain..and also some NQ from 1400 for a 30 point gain. I still holding some contracts but we want $ and ability to add higher if we hold here and run into the close and into option expiry games going forward.

Monday, May 11, 2009

And the beat goes on

Nothing to say as we had and excellent day on the ES swing short from the 923 pivot and we entered a new NQ short @ 1400. I would have liked to see more from the NQ as the ES ended at the days lower range but the bulls seem to have used the last bit of patience on this market by rotating into tech. If this rotation fails, not sure where else the Big Boys will hide their money, which I expect will lead to a size able decline . Til tomorrow........

Short NQ @ 1400

trying a little NQ today as ES weakness is already in place so far.

Friday, May 8, 2009

Some profits but staying the course

We nailed the highs this morning for a nice fast drop for up to 13 points. Unfortunately the boys at the Goldman Desks are at it again making sure we end pretty on a Friday. I'm staying with my short here in the ES @ 923 having booked some profits on today's drop and will add higher if we gap Monday or enjoy the ride if we tank from here. Have a great weekend.

Short ES 923

Thanks Ross!

Thursday, May 7, 2009

Covered a little @ 898

Staying with this short as the pullback is in the making...tomorrow's close will be key. Wanted to take a little profit off in front of the games after hours of stress test results and banks conference calls. Hope you all were able to stay calm and work around the upside exhaustion. 926 pivot going forward looks good for a pivot high print. Cheers till tomorrow!

short ES @ 926

Wednesday, May 6, 2009

Monday, May 4, 2009

Short ES @ 897

Tough close on us as they ran it up on light volume. Stay loose gang, lets take a stab a little higher with more size. Thanks to Goldman Sachs and there relentless buy programs we deal with a never ending upside pressure.

Friday, May 1, 2009

Go Nowhere


Looking at the chart, it looked promising on Monday with the decline and lower close. But as we have become accustom too its never over til the bell rings and man this week has I have to say been one for the bulls and bears. They both have managed to give the market absolutely no edge at all. The high short pegged for this week working off the 882 ES spike is still in play as we once again wait for some volume to pick up on the sell side. As of now they are right in the middle of the range and its a coin toss.
Best thing to do now is to get away from the charts, relax, enjoy the weekend and come back fresh for Mondays trading. Cheers and thanks for dropping by.

Thursday, April 30, 2009

Cover Day Trading Size on Es short 870 + 12

There holding us up a bit as they wind down the end of month. I'm taking some profits on the 882 short. Holding a swing position from 882 going forward as there are a number of confirmations of a pullback coming.

Short ES @ 882

Wednesday, April 29, 2009

Ahh just a few points on ES + 2 @ 868

Man they are just salivating at the mouth to get long at any level these bulls.

Scalp short ES @ 870.50

Tuesday, April 28, 2009

Hmmm ..So this is whats happening

http://www.nypost.com/iphone/story.php?feed=business.xml&id=166505&pos=business_topstories_03

Two points of profit

There was a nice drop in pre market for up to 20 points on the Globex from last nights 858 short. Also there was a nice retrace from 858 again today at the 1st hour high for up to 7 points. Going forward we may be in for choppy low volume trading as we have just started a two day Fed meeting with the usual announcement Wednesday at 2ET.

Monday, April 27, 2009

Im Sticking with it

Looks like a nice head and shoulder top to me in an over bought market...I'm staying with my convictions on downside from here with size. Good luck!

Short ES @ 858

Sunday, April 26, 2009

Favourable Decline

We have a nice decline on the globex as I type this in the wee hours of the morning. Low on the globex as I type is 846.75 . Kind of makes you wonder what the hell all the buying was right up in to the last few minutes of trading Friday. For what ???....a 20 point drop Sunday night. I been a seller of this rally the whole way up and have been taking profits on nice pullbacks all the way down. For Monday I feel no different! |Sell EM on any bounce.

Friday, April 24, 2009

Covered some ES @ 858 +10

What a volatile day... where they just whip this thing around! Crazy! Still swing short from our 871 as posted , but took a little as we collapsed in final few candles of trading.

Short Es more @ 868..swing postion size again going forward.

Short Es @ 858

Thursday, April 23, 2009

Covering ES day trade up to +10

We had opportunities of up to 10 points profits on this day trade. Usually on all the internals that I seen today, this market would be down 250, but they rescue it again. Nothing you can do just hit the pivots and hope for the best.

Shorted the 843 .for day trade

Just adding a little more size into this swing, as we all hold for the collapse. Problem is Amazon and MSFT after the bell. Ah its always something.

Wednesday, April 22, 2009

Cover @ end of day 836 + 17

Covering up day trading size Still holding short swing from 871 top....need to see how appl and ebay report after the bell.

short ES @ 853

Tuesday, April 21, 2009

Short ES @ 840 area..

Day trade as still have swing position on from 871 area.

Monday, April 20, 2009

Nice start!


Beautiful sell finally has our short position started last week nicely in the green. Today the market finally decided to pull the plug for the time being on this "everyday up " movement and Wow what a move! The entry at the 858 and final top up at 871 worked well. Looks good going forward. Sell rallies from here. Nice 5% from the 871 high print to today's 829 low.

Nailed the high on ES @ 871

I will be swinging this position going forward. The market has been in a very bullish grind into Option Expiry last week. Pullbacks of 3% to 5% were the norm in the old days when these post-option expiration's were regular events.That is what minimally I'm looking for on this pullback.

Wednesday, April 15, 2009

Sitting Tight

Sorry gang I've been really quite for past 2 days but the volume and set ups has me sidelined til better set ups develop. I believe patience in this environment will keep us from getting chopped up in a whipsaw market. We'll get em soon!

Tuesday, April 14, 2009

Covering Thursday ES Short swing @ 837 +10

Taking what the market is giving at this point.

Quick scalps til better volume

This is all we can do at this point til we get better volume. There is some sort of underlining bid as GS is pinned to the 123 financing price and also the waiting game on INTEL earnings after the bell today. I personally have been short from 847 since Thursday and its been an absolute dead trade. So quick scalps til we get a better set up.

Monday, April 13, 2009

Volume light ahead of GS earnings tuesday

Extremely light volume as the market floats up. Tomorrow will be a better day as we stand aside today.

Thursday, April 9, 2009

Wednesday, April 8, 2009

Tuesday, April 7, 2009

Cover some ES on Day Trade @ 811+ 10

Gap fill area is very close at the projected 810 area and GS as always is still holding up. Tomorrow possible Uptick news coming and AA earnings, has me short lightly now from 847 swing and taking profits intra day as they become available.

Added A Little ES Short 821 area

Monday, April 6, 2009

ES Short @ 847 Area starting to work


Covered some of the Sunday ES short I posted yesterday as the light volume stalls the decline. Also the strength of RIM and APPL holds up the market in the final hour.I am looking for 810-800 for a covering spot on the rest of this trade. Will be looking to average back in on rallies higher.

FAZ working


Suggested buy on the FAZ on Fridays market rally and overshoot in key Goldman Sachs and financials leads to what looks like some profit taking in the financials.

Taking some Profits on ES short + 22.50

I am going to take some off the table as Rim and Appl strength has me a little conservative on expecting a collapse on market today..

Sunday, April 5, 2009

Short ES 847.50

Took a light short Sunday night here on the ES. We are so close to a big reversal lower. Upside looks limited to me.

Friday, April 3, 2009

Light Volume Stalls Market

The light volume and strength of GS all day had the market look good in the morning for downside but was rescued in the afternoon. I 'm flat now on the ES going forward but started a small position on the short financial FAZ @ 15.75.

Thursday, April 2, 2009

Holding ES Short here for swing into next week

I believe we are close to a nice pullback before long positions are able to be put on again. The market is up huge for the week and at this time anyone buying looks to be chasing performance or covering shorts. Downside looks good for tomorrow.

Short ES @ 830