The futures look green this morning and almost anything we pick will most likely gap up before we get a chance to buy it. I think the market overall is in for a short but playable rally. I like the Biotech sector and I think that there are opportunities there so I’m looking to IBB. My stop will be set somewhere below yesterday’s low ($101) and I will try to get an entry below $105. Initially, I’m going to bid …Read the full article
The market looks to be trading in a range since the large drop in early October. I’m guessing that it will continue to do this until some catalyst exists to snap it out on one side or the other. This isn’t an easy market to trade because it seems that the slightest news can cause huge market swings. I will be very gingerly looking to enter some kind of long position this week but the large moves in the market …Read the full article
Looks like futures are down again into the end of this week. Since we’ve had a successful trade this week, lets be patient and see where this settles out. Maybe wordpress will retain my spacing now Test of new code
My order on VXX filled at $32.60: I just sold it for about 7% at $34.80.
The Market didn’t go straight up today because the news wasn’t that jarring but we did gap up right into resistance and then rolled off from there. Here’s some pictures of this in the indexes: Check out this VXX, which is doing the same thing, but inverted. I can’t justify going long the market at these levels and honestly, the size of the gap between Friday’s close and Monday’s open has me worried because there isn’t any resistance in this …Read the full article
Market futures are SCREAMING as I type due to some (slightly) positive news on trade with China. This is the type of move that is great to be bought in for but it is almost impossible to trade otherwise because you are chasing it no matter where you buy into it. It just isn’t possible to predict the next move so I’m not going to trade right away. Unless I see something I can’t refuse, my plan is to reasses …Read the full article
I sold the rest of my IONS, unfortunately near the low of the day, at $56.98/share. Nice to end the week on a green note!
I bought 300 more IONS at $55.85 earlier this week. I just sold 250 shares at $58.30 to reduce risk going into the end of the week. Nice trade!