As of 21:00 GMT S&P500 down 58 points, DAX30 down 300 points, Dow down 300 points…
Deeply bearish, the DAX30 daily chart looked fragile to me last night, so I set a v.tight stop close to the market and was stopped out for a £22 loss (better than £300!) these stops are invaluable if used carefully.
Now [...]
Archive for the ‘$S&P500’ Category
World Stock Indices…
Posted in $S&P500, DAX30 on February 5, 2008 | Leave a Comment »
Video summary of this week
Posted in $S&P500, Videos, tagged Bear market, trader, trading stocks on January 26, 2008 | Leave a Comment »
I am invested in “QID” the Proshares Ultra Short fund (2X gains for declines in the Nasdaq)
Fasten your seat belts…
Posted in $S&P500, General stocks, Trading thoughts on January 23, 2008 | Leave a Comment »
Now the purge has gone through the system and we are in deep oversold territory it is time to close those shorts and open a position to catch the rally.
Today is likely a reversal day and we could now rally for a few days or into next week.
Corn showing weakness – now at 469 hold [...]
Buy the Bounce
Posted in $S&P500, tagged bounce, buy the S&P500, dead cat bounce, Recession on January 20, 2008 | Leave a Comment »
The markets have been selling off with a vengeance these last few weeks. If you had been following my earlier posts you will see that a short position was entered when the 50 day moving average broke below the 200 day ma. Since, there has been quite a sell off – but now [...]
Update – Short S&P500
Posted in $S&P500 on January 6, 2008 | Leave a Comment »
The short S&P500 trade followed through, more downside ahead? possibly.
Will post trades and account balances soon.
Short on S&P500
Posted in $S&P500, Short sale watch, tagged $S&P500, spread trade for profit on December 28, 2007 | 2 Comments »
A trade I have been tracking for sometime is the potential big downdraft expected on the main US indexes – once they catch up on the fact that the key sectors on which the bull run of the last several years has been based have long since broken down – Housebuilders ($HGX) and financials. [...]

