Happy New Year to all on ET. New Year, New hopes and dreams and a clean slate. Hoping for a year with less fearful and more patient trades, my 2 achilles heels of 2008. Over 70% of trades were quite profitable if held and the volatility September really rubbed this in by handing me endless huge missed opps. I have truly learned the overwhelming importance of one's mental makeup to trading and though Santa didn't deliver the brain I am confident 2009 will be a great year. Journal begins anew next week.
Looking like a topping bar on SP.. 950 still possible. Long FAZ 35.53 stop under 33.2 Short AEM 49.65 stop over 53
A very nice SP500 Weekly.... There is some gas left before a possible top... Works nicely with the an Obama 1000 SP500 top later this Month.. A backtest of 900 would be very welcome before then though since I am short....
Long DRYS 14.5.. risky and will sell 15.4 or take .5 loss. UAUA ready to do something... Classic MACD Stochastic Conflict.. I'll favor MACD anyday.. Oil has to co-operate though..
Sold DRYS 15... The usual morning run-up didn't happen.. 10 am reports close by and it is simple tired at this point.. as are the markets as a whole.. TWM under 58 my buy area...
Was Looking for 139 Short here but failed to study and see 133's was resistance... Short 121.4.. hope to add under mid 118's
Stopped out of FAZ and TWM... From here on fro swing trades a stock has to beat a prior day's high/low. No more bottom/top fishing.
Triggered this morning into.. DTO 117.5 (just sold 139) FAZ 35.4 SKF 105.25 TWM 60.8 (wonder where yesterday's shares went?) UAUA 12.51 (Stopped out for -.5 loss) Still Short ISRG