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August 2007 Archives

August 31, 2007

8/31/2007 - It's moving day...not

Ben Bernanke day.

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August 30, 2007

8/30/2007

Gap down this morning, then bounce up. What a crazy market. Now to get filled on a few new issues.

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August 29, 2007

8/29/2007- Inside morning

At the open there was a slight gap up, then fall back. I had put together a list of shorts, for the day to fade this move.

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August 28, 2007

8/28/2007 - gap down morning

The market has been facing resistance at the 61.8% retracement.

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August 27, 2007

8/27/2007 - Back in the saddle

Well I am back to the home office this morning. I did enter and exit several trades last Wednesday through Friday from the road.

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August 22, 2007

8/22/2007- Opening gap

We still may have a quiet day, probably some light chop with a slight upward bias. There is no real catalyst for movement today. We will see.

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August 20, 2007

8/20/2007- Sideways chop after last week's busy week

It feels like market is very heavy. I am playing choppy to down. My acct to a very nice spike up on the open. $500 to a $1000+ a day is pretty nice, I am ok with this. EVERYTHING spread this morning. I would like to get out of a few of these in anticipation of another market drop, and a number of trades presenting themselves. I was in a trading friend's office today, Playing around and making 10-20k, I guess I need to think bigger. The good news is that he has asked me to meet with him regarding some of my option trading strategies, and implementing them in his business. Very Nice.

The Movie: Federal Reserve part 4 of 5 television is not the truth. People do what ever the tube tells them. Trading, war, beliefs or purchases

I became a little impatient on one of my trades. I want to ready myself for an increase in movement, and preserve some mental capital. ♠

BMY- Mar/Jan 30p. It was still within my risk parameters, and it was two months wide. But it wasn't opening or reacting very well. So I decided to exit 2 units for .15. I made a few cents, after commission on it. I'm out of this trade.

CY - I exited 1 unit @ .15.

ALD - Sold 1 unit of Feb/Jan 35p for .20. This spread has been pretty wild, but has not traded much.

ALKS - Bought 1 unit of feb/jan 17.5p for .05

UNM - Sold 2 unit of 25p (ATM) for .17. It hasn't widened much, but there was still nice profit.

LYO - Sold 1 unit of Mar/Jan 40p for .20. I think I bought this by someones mistake yesterday. As soon as I sent the order in I was filled, then the spread adjusted. I was filled in the afternoon on this one. I was an overnight double. It all adds up.

IWM - OCT/Sept double double 70/7283/85 for .50 debit.

This band sounds so good live. It somehow relates to the above video.

August 19, 2007

8/19/2007 - Interesting week ahead, I'm short-term bearish

Huge week last week. There was lots money changing hands last week. Technicals still look bearish to me.

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August 15, 2007

8/17/2007 - Boing, with boosters

Can you say BONG! with FED boosters.

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8/16/2007 - World Markets crack, (then rebound?)

HPIM2971.JPG Worldwide panic this morning. I am looking at the short-term bottom here. Insane selling this morning. Amateurs at the beginning, pros backed it up.

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8/15 - Sub-prime madness continues

HPIM0199.JPG Information from around the word is coming out relating to the Sub-prime. I don't think this is over, and the UNCERTAINTY seems to have people heading for the doors. The Market can absorb bad news, but uncertainty is what the mkts don't like.

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August 14, 2007

8/14 - testing the lows.

The market started up on OK PPI numbers. And then it lost footing and retested the lows. It did hit the up trend line and the Aug 10th low and then rebounded on low volume.

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August 13, 2007

8/13 - Pumping up a leaky tire

The Fed injected some liquidity, and up the market goes.

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August 11, 2007

You know you are from Breck when..

Just a few thoughts on the subject,

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August 11, 2007 - and the weeks preceding

HPIM0338.JPG The past few weeks have been blissful in Breck. I am looking forward to the remainder of the summer, and autumn.

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August 10, 2007

8/10 - Going to the pool

HPIM0453.JPG Wow, there is panic in the streets. Heavy selling. I have 51 orders on the board.

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August 9, 2007

8/9- Crater open, gap fill, crater close

It was a brutal open. Wow. The S&P futures were down 30pts at the open. Awesome selling to open. A trader should never dump their shares at the open on such a move.

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August 8, 2007

8/8 - Charge to 1495, and beyond

The market has made a strong move to the downtrend lines. 1495 was the intersection of the downtrend line for the SPX. The market pushed, fell, and stalled.

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August 7, 2007

8/7/2007 - Are you sea sick yet?

I'm walking to the rail. There are lots of people throwing up over the side of the boat. It is an enjoyable market for me to trade right now.

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August 5, 2007

8/5/2007- Getting ready for the trading week

Rolling this morning financials and housing getting the smackdown.

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The Air Carve Project

HPIM1703-1.JPG If you enjoy the bumps, then this is a move worth owning. The "Air Carve". It goes beyond "functional air". There can be elements of flash, beyond the function.

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August 3, 2007

8/3/07 - No real bounce

Markets made no progress this week. That was ok though, the acct did great. I gained 6% to the portfolio this week.

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August 1, 2007

8/1/2007 - The sky is falling, the sky is falling

Is there reason not to be long, absolutely. Is there reason to panic, not so much.

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