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Wow what a market this past week. I have been fliping a lot of stocks, C, fre, GS, AAPL, LVS etc

I missed the giant AIG and CHCI train by a tiny bit

Currently holding C calls, DRYS calls, LVS puts, AAPL puts, FCX puts

I think there will be a pull back this monday/tuesday and rally later in the week because GDP report comes out on thursday

Aug 12 - Aug 13

Yesterday I sold my AIG puts because im retarded. AIG fell a lot during the first 10 mins of trading but it faked up - looking like the market and AIG was trying to fill the gap. But I was a leaf and got shaken out because the market tanked and tanked really hard right after.

1 minute prior to market closing on Monday, I punched $4 calls of C at 20 cents
Yesterday C got killed so i averaged more in at 14 cents and 9 cents. Bringing my combined average of 13 cents.

Sold today when C hit 3.95 at 17 cents.

The markets gained a lot prior to the federal interest rate announcement (which we all knew would stay at 0%). But I thought the markets would react to it similar to last time. The markets last time was up about the same %, 1.5% ish prior to annoucement but after the announcment the markets declined sharpy and all the gains that day were lost.

So today I thought it would do the same, I bought C puts( I really wanted AIG puts but the were trading at a 30% premium which i thought was ridiculous). At first it looked like the markets were just going to do that but a rather surprising spike upwards occured. Nevertheless I held and am currently holding C $4 puts.

I think there will be a lot of market action tomorrow. More than likely going to go against me. Big news, retail sales, jobless claims and Business inventories. I will probably hedge myself rather than sell my puts.
If the retail sales is good, markets will probably move up 1% and vice versa.

My WMT straddles is up almost 40% since i bought it last thursday. They were undervalued by 20% at the time which I thought were odd, seemed too good to be true. Earnings out tomorrow, lets see what happens to this straddle.

Tomorrow Aug 11

Im currently holding BAC calls, C calls, AIG puts. Hedged between C and AIG.
Also got a straddle on WMT because earnings come out on Aug 13 and I noticed that these calls/puts were undervalued by 5-10%.

The volume on the S&P charts look bearish, I'm looking for a quick gap up and I'll exit C/BAC and exit when gap fills on AIG.

China has had negative news so the markets may feel that tomorrow. Theres no real news tomorrow so I expect the markets to move kind of like how they did today. Less than half a percent in any way.

Also watching GS carefully, looking for an entry put if it break 157, it should conitinue to 152-153.
Also looking to buy C shares at 3.50 ish

Aug 5

August 4th went well, the S&P followed my trendlines to almost exactly except that I thought the S&P would reach slightly higher highs.

I said I was looking to enter at 992, but when the market opened around 992, it showed signes of weakness and I did not follow through with my plan unfortunately. Stupid emotions!

Indian markets rallying, Japan markets down. S&P futures slowly trickling down, USD/JPY down, as of this moment. Yesterday looked weak, I will be looking to short S&P for a quick pullback and long FAS with possible averaging down. Also watching BAC (its a monster).

Looks like theres a lot of selling pressure, people are taking their profits.

Tomorrow August 4th

Wow, what a rally Today. S&P broke 1,000 and Nasdaq broke 2,000. This is really important because its a very clear indicator that its a bull market with new highs.

I was looking for a pull back on BAC before entering but it just keeps powering on through. Damn those people who got into BAC prefered shares at $4.00. (it pays a 25% dividend!) Missed that massive boat.

As of this post USD/JPY is down and the Nikkei closed lower than opening. Possible pullback tomorrow.

I'll be looking to enter the S&P around 992-900 and short about 1,005-1,010 and go for 3-5 point move with a stop loss of 1.5 or 2 pts. I just drew this



I took the market low which was 4 days ago and used the high to draw Fibonacci Retracements. I also drew two trendlines showing higher highs and higher lows which are great indicators of a bull market.

Tomorrow will be an interesting day going to watch the $TRIN very carefully!

Markets Tomorrow Aug 3

As of writing this post, the S&P futures are up, but looks weak. USD/JPY took a big dive over the weekend but looks like its recovering. I would like to think the markets tomorrow move sideways with a slight up or down % on the S&P, I think less than half a percent move in either direction. I'm closely looking at BAC for an entry point, going to enter on the imminent pullback.

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