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4 Shorts To Keep On Your Radar…
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For the past 3-4 days, the market has been moving in choppy mode while digesting the downard pressure from early January. During this period, some of the past leaders have been moving up on declining volume indicating that there is no support from the big institution money. This makes me more inclined towards shorting these [...]
Question About Dow 6000?
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I have been getting lots of questions/comments about Dow 6000 and the market direction for short-term. I’m not watching the market so closely to call the direction but I think we might be setting up for a playable bounce. But in any case I wouldn’t write-off about Dow going to 6000. I may be [...]
Trade Updates: AAPL and MON Puts
In addition to my open 3 AAPL Sept 175 puts, I added 3 more at $7.00 a piece. It sure looks to be headed south in near term.
From the watchlist, I also added 5 MON Oct 105 puts at $5.10. I expect it to test $100 in the coming days.
It looks like the stocks from [...]
Wild Wednesday: Rally Seems To Be Faltering
Don’t be surprised with the recent market actions. It has been really wild ride in the recent past as we muddle through the difficult economic conditions and cross currents in the market. Major indicies seems to be hitting the wall here instead I would have like them to pierce through the resistance with great vigor. [...]
Out of CSX position
I am out of my CSX puts for a loss of $350. The stock was not acting right and had big volume down day. It’s down again today.
If the stock and the rail group start acting good, I might give it a second shot. But for now, rail stocks are looking bit tired and may [...]
