Author Archives: Trade Advantage

for those who sold 81…thats fine..you have 2 and could take 3…and then see what they do with this….staying around 80 for a little makes sense

this would norm be a sell here around 81-83…but am quite leary in this mkt to do so…and with the 10 and 1005 coming…..may be better to wait….but a sell in that area would usually make sense for a B later

2180 games…seems to be a recurring theme lately…..these are basically narrow… sort of slow days to day trade…but were doing ok

today the leading indicator report is at 10…and the Feds Bullard speaks at 1005…not a coincidence…there is of course a reason for this which will aide and abet the insiders in their plans for the day

yesterday the mkt culminated with a 2 day decline around 12 noon at 2165 area….after the premkt warning from the fed on Teus ….the announcement at 2pm was mild and mixed as far as rate hikes go-and now the onus is on Dec….they were able to quickly unleash a near 20 pt rally from the 12 lows and after the announcement….and we were able to take advantage of both….it appears the 2180 area is still a roadblock- so pb’s the better poss here at and near after the open-however we will see what the PA shows and what we can do with it

out with last at 2177……good chance of pb then maybe a rally more toward eod…..

good day overall…….2 trades…..25 es points with two 3 contract trades…..watch for poss o/n moves and late eod

have to run (or prob would have stayed in this for eod)……see you tom

there was good reason for the fed comments and the negativity and lower prices…and this is it…it keeps people out of the market..and the spike down at the announcement further enhanced their desired intentions….for those still in from earlier you can poss take 10 on the last one…for those in this last one the penetration of 80 looks like a good poss

since there was no real change then any spike down on report would be for B……this may retrace back…but has good chance of decent run now after all the neg nonsense last two days

red 2175
1 red left…be

reduce 2173.75

no real change b 2170

getting close to the report….almost to 2177….most wouldn’t have thought that poss earlier…should prob see some decent volatility at report and for a bit after…….remember there is a chance that they could “surprise” and conduct a decent decline to accumulate vast amounts of stock( poss a few days)….for an advance to 2200…we’ll see..

“stocks pare losses as Bullard signals low rate environment before fed minutes”……of course just yes right before the mkt opened …Dudley proclaimed a hawkish view and rising rates…which conveniently kept the mkt down and negative..It’s too bad they don’t know what the other is saying..haha …..I will stay for the report ..let’s see what the alibi brings

just a note about todays activity and risk…….if you overtrade and get panicky and constantly put on tight stops and cant add small if necc…you will most likely never make any money trading and will prob lose money and become discouraged and depressed and cause financial harm to yourself…if you can’t take small risk(which today was) then you shouldn’t be trading in the mkts…at least as far as trading daily goes….you should only invest in a low risk longer term fashion (which we also go over here and is basically the same method and way of looking at the mkt)……the REALITY of todays trading action..if doing the min amount of 3 contracts on a trade would be…..about 3 hours in the market..a total of 11 es points….the most you would have been down was around 1140 at 2165.50.-612.50…..by being patient and following as best as poss the actions of the insiders and our methodology..you ended up with 11 es pts..550.00

it may be advisable to take the last one off at 73.75…….there were will be quite a bit of volatility between now and 215…230…..if taken off here at 2173.75 then your day would be 1-2-3-2-3 for 11 es points based on 3 contract trades…and 2 adds.(did not go over 3 at any time)…I will leave last red on and see how it goes…up to you

put the 2167.25 in at 2170.25 ..in case of a little spike over 70…then we will see from there…leading up to Bullard and the announcement

2167.25 off at 2170.25……….take red at 2172.75 on the 2070.75….1 left…….up 10 es pts right here

Bullard comes on at 1…so the suppression continues… 1030 was a clear sig for either a sell or a pb ..which I had mentioned….( but then anticipated an advance off of that pb) we are fine here for the moment…

what we see is a 2bpb at lon close and decent vol add one at 2167.25

a bit of cleaning out there before lon close….which is typical..as was said earlier they are keeping this neg fed tone throughout here….so not gonna be too much till later…..of course if they wanted to..they could raise int rates slightly to cause a relatively brief but scary plunge to accumulate more stock before and advance through 2200…obv referring to a b opp if that happens…