Friday, March 5, 2010

$ES_F reshort 50% @34 Stop 35

50% short again 1131.75 stop 1133

50% out at 1127.75

$ES_F Add 50% short at 1131 Stop 1133

If bulls run this over this then I can see 1150 coming soon.

Thursday, March 4, 2010

50% out at 1117.25

Edit: I still am holding other 50% from Globex.

Add 50% more short at 1121 Stop 1123

Added 50% short back at 1116.75

Covered 50% @ 1114.5

I will reshort this in Globex. Alerts placed around 1118-1120 area

Wednesday, March 3, 2010

50% short 1118.25 with stop 1119.5

Go to try...As far as we are below 1120

Order placed 50% short 1127 Stop 1128

50% more short 1122.25 Stop 1123.5

Morning Thoughts

We need to see market below 1107 for significant pullback. I am waiting for ISM numbers at 10 am. Will see price action to decide on next move. If we break 1126 we can run upto 1140 or more.

Tuesday, March 2, 2010

Market thoughts

I expect market to pull back before moving up further. As you might have noted in my past couple post I am still bullish on market but short term market is overbought and hence my bearish bias. Yesterday I was expecting market to get back at 1107.5 before moving upwards but I missed by few ticks.

I have updated my Performance sheet and Added new performance chart showing time line clearly. Happy trading and good luck.

Monday, March 1, 2010