Daily Global Economic Calendar

Real Time Economic Calendar provided by Investing.com.

Friday, June 22, 2012

I don't like this.

I don't like this price action at all.
Any weakness in IBB , DOW - and by-by.
Will sell all or 1/2 SSO today.
Shorting? How?
ES at fucking 1318 again! (For some bizarre reason this level is a magnet since last year)












Thursday, June 21, 2012

iBergamot SLD : GDX, VVUS

GDX stoped out at 46.04 on break of 5min OR.   -3.5% loss
Stop on open gap-down would be 46.27 (little better), but I still think that stop on opening gap should be 5 or 30 min OR.

VVUS 1/2 day stop at 26.45
1:04pm  VVUS all out             +8.5% gain

DOW on-close stop  33.20  ( Canceled. High buy volume from 3:15pm. Will wait till tom)

Feeling FUCKED again...

Daaam, even Cobra...

Re: 06/21/2012 Live Update

Postby Cobra » Thu Jun 21, 2012 3:58 pm
well, guess that's it for today. rebound tomorrow maybe, but chances are more down ahead. Thank you guys, I'll see you tomorrow. I had a really bad day, accidentally stopped out the ES short with very tiny gain and missed the whole ride, so in bad mood now. I should absolutely stick to my rule, but why again and again and again I simply violate the rule thinking I could be lucky this time? I really don't understand myself. Be a trader really is difficult, as I never right, always wrong... :(

Wednesday, June 20, 2012

FED Day in real time

 12:50 pm et
Fucking amazing.
If I kept sell stop on GDX @ 46.50 (where I had it before announcement) I would be stopped out at 12:40et.
10 min later it prints 47.50. Sometimes stop is not your best friend.
VVUS stays flat, DOW goes to HOD (for now).
This is just first score. 2pm and 2:15 ( or 2:30) awaits - nucking futs.

3:00pm et
Still waiting. Reversal of reversal of reversal.


Tuesday, June 19, 2012

iBergamot BOT : GDX

BOT : GDX @ 47.65 on stop             PF target 58-59
Stop 46.50 and may be higher than that.
Very unusual for me to buy miners without metal (SLV ).
Looking to sell 1/2 SSO, maybe today - nope, lets wait
VVUS 1/2 day stop 26.35 (not hit)
(...hmm... VVUS   ... this is  a tough call. PF target is 29.50, but with today's action I'm not sure it will get there on this move. June 20 is Fed = I usually don't trade and cancel all stops. So, here is a plan: if gap down - all out after 1st 5 min candle; then 30min OR; dont do anything around Fed; reevaluate around 3pm)

Friday, June 15, 2012

Monday, June 11, 2012

Dr. Ed Yardeni : Corrections vs. Bear Markets

Dr. Ed's Blog: A Primer: Corrections vs. Bear Markets

" (1) During 2010, the S&P 500 forward P/E dropped 22% from a high of 14.7 on January 11 to a low of 11.4 during August 26. However, forward earnings rose all year. So the 16% correction in the S&P 500 from April 23 to July 2 was reversed by the end of the year, with the P/E ending at 13.1.

(2) During 2011, the P/E fell 25% from 13.6 on February 18 to 10.2 on October 3. Forward earnings rose during the first half of the year and remained mostly flat during the second half at a record high. So once again, the market recovered and closed higher by the end of the year with the P/E rebounding to 11.7.

(3) During 2012 so far this year, the P/E peaked at 13.0 on March 26. It was down 11% to 11.6 yesterday, just about matching the 2010 low, which was 11.4. The S&P 500 is down 9% from its high on April 2, which is still just a garden-variety correction. Meanwhile, forward earnings rose to a new all-time record high of $111.27 during the week of May 31. At this level, a retest of last year’s panic low P/E of 10.2 would push the S&P 500 down to 1135, which would be a 20% decline from the year’s high on April 2."
Thanks, Dr. Ed

Saturday, June 9, 2012

Nicolas Darvas

"...I have learned that, despite the sharpest market shake-out since the 1930s, the current breed of investors had not change their spots. Tidbits of information here, a slight trace of sense over there, a twice-told and often misunderstood story at yet another time was  chiefly what they relied on to put their hard-earned money to work in the stock market."
Nicolas Darvas, 1977

Friday, June 8, 2012

iBergamot BOT: VVUS

 VVUS at 24.40. Stop 22.50, but will raise asap.
day stop 23.25 -  6/11/12
               24.60 - 6/14/12

US T-Bond Bubble.

I hear a giant sucking sound.
Its the US Treasuries sucking all the money and capital in the world. Pulling $$ from any productive use of capital. Paying 2.7% on 30-year paper (2.51% at the low).
I tried to borrow 10k at 3% for 30 years from everybody I know. They just laugh at me. But millions of people give it to treasuries without any second thoughts. Hmm.
Notations on a chart are not mine, and they are a complete nonsense. Whats important is a fact that there is no active investor alive, who traded T-Bond at lows in 1980's and could foresee prices that high (or yield so low). Even more important - there is no active investor alive, who seen a bear market in US Treasuries. But that is nothing. Why? Because the hard right edge of this chart is not active investors, but pensions, IRA's, mom-and-pop etc., who have no clue what shit they got themselves into.

Tuesday, June 5, 2012

IBergamot BOT: SSO. VIX buy signal.

BOT: SSO at 48.66.  Stop on close below 47.70.
                                   Stop raised  50.15  -  6/14/12

Here is a VIX buy signal, but its not the only thing Im looking at. Also A/D Indicator having pos. divergence (if it sticks). Other than that, doji  and couple of oscillators - this market is a pile of crap. Crash is still just around the corner, unless...