MACD/Trendline Swing Trader

Earnings galore this week... should be mad... not a week to be taking home..

 

Anyone man enough to do GOOG puts if it trades 410 area today into earnings Thursday? The odds off blow-out earnings that accelerate it's price after a 100 point run up are low..

 

Call me chicken... out UYG avg 12.22

 

Yesterday suffered loss on those DRYS puts... never learn.

Today Short POT from mid 87's, took 3 points.. quite weak today.. Markets still in consolidation mode.. I think any whiff of strength will be bought..

 

POT... smokes.. wow... Long SKF 125.2

 

Sold 1/2 SKF 127.. Stop rest 124.3

 

Good trade man, I am having a hard time today. For some reason I didnt take a short signal in the nasdaq and have been waiting for a retrace ever since.

I think the transition between a range bound market and a trending market has been screwing with me.

 

Track.. Thanks.. Considering we "should" be looking for a swing bottom hard to take short trades today.. suprised at the weakness.. as always..

 

I agree. I was expecting the market to find support and close strong.

 

MER and C report tomorrow morning.. traders probably don't want to be long into those... I doubt they report better than JPM today..