Monday, September 28, 2009

Too busy with work - no update

Sorry guys and girls .... been too busy with work. Futures are working on the upper trendline. ES 1049.25 is a key range. A break here and we will see the SPX 1062-1067 range again today.
Posted by chaugner at 8:44 AM

13 comments:

  1. chaugnerSeptember 28, 2009 at 9:55 AM

    readded some of the puts I had closed on friday here. Tight stop on them still. Playing it careful.

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  2. chaugnerSeptember 28, 2009 at 10:11 AM

    got stopped out and re-adding here (partial). leaving the other chunk for SPX 1061.

    Stops above 1067 SPX. This is either the lower high we are looking for - or the bears are done and we will re-test 1080 and make a new high.

    Have to admit, that is some strength here in terms of price. Did not expect that for a monday morning.

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  3. chaugnerSeptember 28, 2009 at 11:38 AM

    1064.95 SPX is the max this should run to. We almost there. 3 more points.

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  4. chaugnerSeptember 28, 2009 at 12:11 PM

    hit my price target - added a bunch of puts with very tight stop at high of day.

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  5. chaugnerSeptember 28, 2009 at 12:11 PM

    HOD: 1064.31

    closed enough lol

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  6. samamehtaSeptember 28, 2009 at 12:52 PM

    I am short at 1063

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  7. chaugnerSeptember 28, 2009 at 12:59 PM

    nice move. Unfortunately for today any sell offs should be fairly tame and stay above 1055. However, tomorrow and wednesday is key. If we remain above 1055 but close below 1060 we should have a narrow sideways day tomorrow. Then wednesday the direction will be decided in the first 90 minutes of trading.

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  8. samamehtaSeptember 28, 2009 at 1:26 PM

    I tried to go long at ES 103 in globex but could not get it. was too late. missed by one point. It is very likely that we make new high here in this up leg. I am covering @ 1060.

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  9. chaugnerSeptember 28, 2009 at 1:29 PM

    I have to admit, I almost went long this morning around 4:00 or so. Not really sure why I decided against it. Would have been a nice hedge against my other shorts that I did not cover on Friday.

    We were heavily oversold and only made a new marginal low on friday - should have been an easy sign for me to go long. I have to admit, I really am having problems taking any long trade, even if its short term after a 7 months up move. Yeah it keeps on going - its clear, just unable to profit from it.

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  10. samamehtaSeptember 28, 2009 at 2:50 PM

    I am out of short at break even. will go long, if it crosses ES 1063. or at ES 1053 with thight stop.

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  11. chaugnerSeptember 28, 2009 at 3:43 PM

    covered a lot of my stuff here too. Not liking this too much, afraid of this big push towards 1080 again. Have not been able to get below SPX 1060 after the break. Not looking bearish AT ALL.

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  12. chaugnerSeptember 28, 2009 at 3:49 PM

    well covered a bit too early .... bad timing I guess (again)

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  13. samamehtaSeptember 28, 2009 at 5:18 PM

    I am long at ES 1058

    ReplyDelete

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