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shuriken's Daily US Markets Recap, Discussion, & Random Musings - NOW W/ OPTIONS TUTORIALS!

shuriken 22,029 11,986 March 23, 2010 at 11:03 PM
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Last Edited by shuriken June 27, 2010 at 03:44 AM
Welcome to my Daily US Markets Recap, Discussion, & Random Musings thread! Big Grin

Now part of this thread are my tutorials on options trading:
1. Options Trading Series, Part 1: What are Options?
2. Options Trading Series, Part 2: Why Trade Options?

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Last Edited by shuriken April 21, 2010 at 06:46 PM
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Joined Dec 2004
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#16
fyi, don't get ur face ripped off today! might sell-off hard yet. Big Grin
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#17
Quote from shuriken View Post :
fyi, don't get ur face ripped off today! might sell-off hard yet. Big Grin
epic day. $$$ Big Grin
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#18
Quote from shuriken View Post :
epic day. $$$ Big Grin
So... have you thought about doing some teaching while you're at this?
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#19
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So... have you thought about doing some teaching while you're at this?
teaching? Smilie i'm still kinda new, would love to learn more before i start giving other people advice.
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#20
Took a few weeks off and now I'm back. woot A little irked about missing out on Friday, but even today was an easy trading day, riding both directions. Big Grin

I figured followed through from Friday, called a gap-fill, and picked the HoD as an entry point to go short. One day doesn't make a trend (I wasn't uber bearish) so I kept my stops tight and rode it down until it bounced off R1 (resistance -- if any of you calculate pivot/resistance/support levels) and took the time to take some off the table.

Lunch (later than usual) doldrums I took a short nap and woke up to another test of R1 (dbl bottom forming) and took rest off table. Decided to go long and rode it up into the close. Out at the close. yummy

Here's S&P on intraday 5-min:
Click image for larger version

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Played it flawlessly. Big Grin
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#21
Ok, I've stickied this, now surprise me Smilie bounce
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dominating the world since.... a long time ago
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#22
Quote from SDRebel View Post :
Ok, I've stickied this, now surprise me Smilie bounce
wave G'mornin.

Today's gonna be a sit-on-hands day for me. Gonna watch a few hours of the AM action and figure out any day/swing trades. Yesterdays hammer (looking at dailys) makes me a bit cautious (to either side).

International markets were mixed:
http://money.cnn.com/data/world_markets/asia/

Technicals tell me we should've seen a stronger retracement to 1067 - 1049 levels (on S&P). Techs (at the open, prior to GS news) and GS on Friday were a good catalyst for this move. Will we get a continuation of this move today? I'm not entirely sure as the futures in overnight trading are UP.

Time for SBUX! Big Grin
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#23
Oh, forgot to mention we do not have any relevant, schedule economic data coming out for a few days. nod
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#24
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Oh, forgot to mention we do not have any relevant, schedule economic data coming out for a few days. nod
well, aside for earnings. Smilie
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#25
is wsj.com busted?
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#26
Scratchchin /es to 1202 and down? could be smoke and mirrors before a drop. Big Grin
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#27
Quote from shuriken View Post :
Scratchchin /es to 1202 and down? could be smoke and mirrors before a drop. Big Grin
60-40 bullish now. what a garbage morning. glad i was soh. Smilie
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#28
es levels to watch:

r1 = 1208
s1= 1200

pivot @ 1202.5

Big Grin
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#29
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r1 = 1208
let's see roll over--calling top here. pits are going short, as am i. nod
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#30
Quote from shuriken View Post :
let's see roll over--calling top here. pits are going short, as am i. nod
this 1207.5 - 1208 retest is my potential entry to short. Big Grin
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