20/10/09 Short 109.50, closed 109.42 (+8) +0.06%.
25/09/09 Short 105.65, closed 105.26 (+39) +0.31%.
Archive for the 'U.S. Equities Trades' Category
SPY Trades October ’09
Published November 2, 2009, 3:10 pm Journal , U.S. Equities Trades Leave a CommentSPY September ’09 Trades
Published October 5, 2009, 1:35 pm Journal , U.S. Equities Trades Leave a Comment09/09/09 Long 103.20, closed at 103.30 (+0.10) +0.15%.
14/09/09 Short 104.40, closed 105.35 (-0.95) -0.98%.
21/09/09 Short 106.01, closed 107.75 (-1.74) -1.01%.
25/09/09 Short 105.00, stop 108.20, RL 1.0
28/09/09 Short 106.30, stop 107.0, RL 1.0
EDIT: stops moved to 105.60.
Short SPY 102.38, stop 105.10, RL0.5
EDIT: 08/09/09 closed at 102.30 (+0.08) +0.02%.
Long SPY 100.64, closed 102.74 (+2.1) +2.0%
EDIT: 27/08/09 Long SPY 103.37, closed 102.32 (-1.05) -1.0%
The stock market is very oversold at this point, and has been struggling to make new gains the past few days. Overnight the Asian markets were weak, and the dollar is starting to show strength.
SPY has stopped just shy of the 38 Fib (98.64) of the entire down move, RSI is overbought on the Daily and showing divergence on the 60 min. Short term TL support has been broken and tested. Looking at short term trade to about 94.00.
SPY - Short 97.50, stop 99.00, RL2.0.
EDIT: 30/07/09 stop hit 99.00 (-1.50) – 2.0%.
EDIT: 31/07/09 SPY - Long 99.16, stop 97.00, RL3.0.
EDIT: 05/08/09 Stop hit at 99.92 (+0.76) +1.51%.
ReneSola Ltd. is a manufacturer of solar wafers.
Looking to scale into this position over the next few weeks.
SOL has had a nice run up since the march lows, and since has pulled back to the 61 fib, and started to breakout back to the upside. As long as price remains above the rising TL, look to buy more on pullbacks.
Long SOL 5.61, stop 4.5, move to BE 6.5, RL1.0.
EDIT: 24/07/09 stop moved to 5.62.
EDIT: 29/07/09 Stop hit at 5.62 Break Even.
I have been waiting all month to short spiders. I was hoping for one more pop higher for the bulls to really run out of steam.
The green shoots in the American economy don’t add up, something has to give sooner or later.
Today being end of quarter, half way it would seem mangers are taking some profits to boost the bottom line.
Shorted after the euro started to tank, along with Oil, Gold, and now stocks.
Short SPY 92.26, stop 96.20, move stop to BE at EOD, RL2.0.
EDIT: 08/07/09 stop moved to 91.00.
EDIT: 14/07/09 Short SPY at 91.00, stop 93.3, RL1.0.
EDIT: 15/07/09 Stop hit at 91.00 (+1.26) +0.63%.
Stop hit at 93.3 (-2.3) -1%.
After closing some of my positions back in April, feeling pretty stupid as the rally has continued strongly.
Here is a prime example of poor discipline. Suppose to close trade after close below 50MA not above.
Current positions and stop levels refer previous post.
19/02/09 Long – Ticker: VE Price: 21.540 Risk Level 1 – Veolia Environment is a global provider of environmental management services.
Stop moved to 23.
EDIT: 12/06/09 Move stop to 28.
EDIT: 08/07/09 Stop hit at 28 (+6.46) +1.82%.
Another example of poor discipline, this time it worked out nicely.
05/03/09 Long – Ticker: NLC Price: 10.340 Risk level 1 – Nalco Holding Company is the provider of integrated water treatment applications.
Stop moved to 14.
EDIT: 12/06/09 Move stop to 15.
EDIT: 16/06/09 Closed NLC at 15.61 (+5.27) +3.93%.
With earnings season upon us, and one of the largest rallies since the ’30′s. Time to lock in some profits. Unfortunately my positions are very light, so I won’t take any off the table, and just lock in each position using the Daily 50MA as a guide. This will ensure no losses, and a few wins, and bide some time to see if this rally is for real.
18/02/09 Long – Ticker: POT Price: 79.530 Risk Level 1 – Potash Corporation Inc. is an integrated fertilizer and related industrial and feed products company.
Stop moved to 81.
EDIT: 07/04/09 POT Trade closed at break even.
18/02/09 Long – Ticker: PBR’A Price: 22.740 Risk Level 1 – Petroleo Brasileiro SA – Petrobras is a Brazil-based holding company engaged in the oil and gas exploration.
Stop moved to 24.
EDIT 20/04/09 – closed PBR’A trade at 25.83 (+3.09) +1.12%
Expecting a short term top in the overall market, reducing my exposure.
19/02/09 Long – Ticker: VE Price: 21.540 Risk Level 1 – Veolia Environnement is a global provider of environmental management services.
Stop moved to 23.
20/02/09 Long – Ticker: BRK’A Price: 7520.00 Risk level 1- Berkshire Hathaway Inc. is Warren Buffets company.
Stop moved to 85000.
EDIT: 23/04/09 Closed BRK’A at 8465 (+945) +1.81%
02/03/09 Long – Ticker: FSLR Price: 103.580 Risk level 1 - First Solar, Inc. designs and manufactures solar modules using a thin film semiconductor technology.
Stop moved to 130.
EDIT: 20/04/09 Closed FSLR at 140.12 (+36.54) +13.14%
24/02/09 Long – Ticker: BAC Price: 4.030 Risk level 1 – Bank of America Corporation is a bank holding company and a financial holding company.
Stop moved to 6.5
EDIT: 23/04/09 Closed BAC at 8.38 (+4.35) +2.84%
27/02/09 Long – Ticker: BFLY Price: 0.9000 Risk level 1 – Bluefly, Inc. is an online retailer of designer brands.
Stop moved to 0.91
EDIT: 20/04/09 BFLY Closed trade at 1.10 (+0.2) +0.66%
03/05/09 Long – Ticker: NLC Price: 10.340 Risk level 1 – Nalco Holding Company is the provider of integrated water treatment applications.
Stop moved to 14
05/03/09 Long – Ticker: JNJ Price: 47.810 Risk level 1 – Johnson & Johnson is engaged in the research and development, manufacture and sale of a range of products in healthcare.
Stop moved to 50.
EDIT 16/04/09 21:00 Closed JNJ at 52.19 (+4.38) +2.75%
Overall market is still strong, but JNJ has been stuck under the 50MA since late march, and is my only position not to move above. Also looking to close BFLY next week if I can get filled. Waiting for a pull back into the Fib zone on the S&P between 38 – 61 of the rally to reload if conditions allow.
EDIT: 20/04/09 - Short Ticker: SPY Price: 84.735 Stop: 88.50 Risk Level 3 – SPDR S&P 500 ETF (the Fund), formerly SPDR Trust, Series 1, generally corresponds to the price and yield performance of the S&P 500 Index.
Entered on break of rising TL (green) from the March lows, targeting Fib Reversal zone 79.5 – 74.6. Will look to cover on a daily close above fore mentioned TL.
The S&P and all the major indexes have rallied strongly thru march and april, and formed an ending diagonal, usually this pattern occurs when the market rises to quickly, the RSI confirms this view as it has turned over just shy of 70 (overbought). Of course a late afternoon rally could change everything.
Plus a little more info in support of this bearish stance from EWI…………….
” This concept certainly applies to the current rally leg, which has closed higher for six straight weeks in the strongest advance in 76 years (since 1933 in the S&P). The rally has carried into Paul Montgomery’s proprietary cycle date, as well as an Armstrong cycle (Apr. 20), and in the process has pushed the Investors Intelligence weekly advisors’ sentiment survey back to a bullish plurality for the first time in 12 weeks (since January 20). At the same time, this week’s American Association of Individual Investors survey (AAII) shows that the percentage of respondents who profess to be bearish has dropped to 35.86%, the lowest percentage in 14 weeks (since the second week of this year. And the Daily Sentiment Index (trade-futures.com) is now at 64% S%P bulls, its highest percentage since mid-December 2007, which is occurring just as the positive seasonal period from early to mid-April is dissipating.”
Source: Financial Forecast Short Term Update
http://www.elliottwave.com/stu/FFS-Portal/
EDIT: 30/04/09 The short on SPY, spiked yesterday up to my stop level, but closed lower than the previous high at 87.65. The market has shown more strength than anticipated. Going to hold the position until a daily close above 88.00. The volume has been low, and this latest strength could be a shake out. Indicators are showing overbought conditions, and a pull back is over due.
EDIT: 04/05/09 Closed SPY at 88.50 (-3.765) -3%.
Started going long equities on the re-test of Low DJIA 7450 / support . Other technical reasons Tom Demark (TD) sequential printed a 9 on the 23rd feb 09, starting a countdown sequence which eventually finished at 19 DJIA close 6517. RSI Daily chart was at 18 showing a divergence from previous low DJIA 7886 RSI 13.1.
The low so far in DJIA has bounced off the Fib. 61.8 retracement from the 1987 low to the 2007 high.
All positions will be closed on a daily close near the major index lows. ie DJIA low 6470, will close positions at best price possible below 6600.
Individual stock selection first starts, with sectors I believe have good prospects for the future (+10years) i.e water, alternate energy, internet retail, healthcare, banking / investment. Second I search the the US securities and exchange commision (SEC) http://www.sec.gov/idea/searchidea/webusers.htm to see what the big guns are up to. ie. Buffet, Soros, Rogers, PMICO etc. Thirdly the technical charts for each stock.
Under current market conditons, looking to hold for approx. 3 months, then re-assess. After 1 month approx. will sell weakest positions.
If the market has a pull back roughly DJIA 7100, will consider adding to strongest positions, and maybe a few more.
02/18/09 Long – Ticker: POT Price: 79.530 - Potash Corporation Inc. is an integrated fertilizer and related industrial and feed products company.
02/18/09 Long – Ticker: PBR’A Price: 22.740 - Petroleo Brasileiro SA – Petrobras is a Brazil-based holding company engaged in the oil and gas exploration
02/19/09 Long – Ticker: VE Price: 21.540 - Veolia Environnement is a global provider of environmental management services
02/20/09 Long – Ticker: BRK’A Price: 7520.00 – Berkshire Hathaway Inc. is Warren Buffets company.
03/02/09 Long - Ticker: FSLR Price: 103.580 – First Solar, Inc. designs and manufactures solar modules using a thin film semiconductor technology.
02/24/09 Long – Ticker: BAC Price: 4.030 – Bank of America Corporation is a bank holding company and a financial holding company.
02/27/09 Long – Ticker: BFLY Price: 0.9000 – Bluefly, Inc. is an online retailer of designer brands.
03/05/09 Long - Ticker: NLC Price: 10.340 – Nalco Holding Company is the provider of integrated water treatment applications.
03/05/09 Long – Ticker: JNJ Price: 47.810 – Johnson & Johnson is engaged in the research and development, manufacture and sale of a range of products in the healthcare field.
