Index futures (OMX, Sweden)

Discussion in 'Journals' started by Modest, Apr 12, 2006.

  1. Modest

    Modest

    Market closed at 1053.25 (High 1054, Low 1045). Profit for the day was 19 points. The week is now positive at +15.5 points. Depending on what the US markets do this evening, I will look to short the opening (if we get a pop up) or buy for a short holding period if we get a down open. As it looks right now, I think we might see some opportunity on the down side tomorrow. But still positive for the week as a whole.
     
    #31     Apr 19, 2006
  2. Modest

    Modest

    For the second time in a week now, I can't put in orders, or at least they can not go through to the market. This time it seems to be the market itself having techniacal problems and the only thing that is trading are futures. However, my broker can't access the system. Very frustrating to see that we got the morning pop and have now retraced about 3 points. I guess the only thing worse than losing money, is to not make them....to be cont.
     
    #32     Apr 20, 2006
  3. Modest

    Modest

    So the market opened at ten (the stock exchange wanted to wait for all members to log in after the problems, so that no one would have any disadvantages, well the obviously forgot about the futures market!). I am short from 10.13 at 1055.75.
     
    #33     Apr 20, 2006
  4. Modest

    Modest

    Bot back at 1050 for a profit of 5.75 points at 11.12. Also went long at 1050. Normally I would not go long and short in the same day, but because of the very long range day yesterday, we should get some back and forth today, and since we have seen up 4.25 points, and then down 7.75 points we should get some action upside again. And while I am writing I this at 11.14 the market has bounced back to 1052. I bot back in the nick of time... puh...
     
    #34     Apr 20, 2006
  5. Modest

    Modest

    Nokia report in 3 minutes, don't think Ollila will let us down, and be remembered as the one who failed in his last report. He usually surprises to the upside despite expectations. I think he will do it again.... and will wait to unload if we get pop up...
     
    #35     Apr 20, 2006
  6. Modest

    Modest

    I knew we could trust the Fin! Only, this trader had put in the limit sell order a couple of ticks too high, and although the market bounced from 1051.5 to 1055 in a matter of seconds, the sell order was untouched. I am still long, with the market at 1053.5 and will wait a bit. Also need to think ahead of tomorrow mornings Ericsson report. They drop it at 07.30 so need to be positioned for it by close...Time is 12.19 CET.
     
    #36     Apr 20, 2006
  7. Modest

    Modest

    I am starting to think we will go up and test the days high after some hesitancy. Will put in orders and wait to be taken out....
     
    #37     Apr 20, 2006
  8. Modest

    Modest

    Sold long at 1055, also went short at same price. Time 13.30.
     
    #38     Apr 20, 2006
  9. Modest

    Modest

    I closed out short for 2 points profit at 1053, and went long at same number. Time 15.38.
     
    #39     Apr 20, 2006
  10. Modest

    Modest

    Sold out at 1056.75 for 3.75 points profit. Waiting flat here. Time 16.22 CET.
     
    #40     Apr 20, 2006