The purpose of this blog is to provide a unique insight into trends that guide market prices. It is intended to educate and show you characteristics about the stock market, of which, the so called "professionals" have no clue. Traditional technical analysis is almost completely worthless and that is one of the main reasons for the creation of this blog. If you enjoy market analysis and information that you will find nowhere else, this blog is for you!
Wednesday, October 9, 2013
covered /es short @ 1645
I am not bullish, I am just expecting a pause that refreshes. We might even drift a little lower but make no mistake I am in full on bear mode. The Dow is leading us lower and yesterday it broke through some key support areas. We might try to test the underneath of these zones. That's where I'll look to put shorts back on. The nasdaq trin and tick data are both extremely oversold.
Tuesday, October 8, 2013
Sold (to close) FB Nov 46 Puts @ 4.85
Got to take it when you get it. I bought these last week for $2.09
Short /es @ 1657.50. Out of all /ES longs
3rd time a charm?
My ST long bias is being put to the test. If the market can hold the 1661 level into the afternoon we could see a reversal.
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