Wednesday, May 20, 2009

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.