Saturday, November 24, 2007
Wednesday, November 14, 2007
My game plan is to watch to see what happens with this support and in Asia. S&P futures are up from the market close right now which is favorable for tomorrow. Im hoping for the pullback tonight to the 98.000 range and that S&P futures continue to trend up. If this is the case Ill go in pretty heavy and set a stop around the 95.500 level. I suspect the bull run should continue for the rest of the month once it gets going and I want on! Watch the spiders close! There is an upward sloping support trend forming. It was penetrated a bit in August but that was when there was the problem with computer routing on the orders that caused the dagger of a candle. There also could be a morphed head and shoulders forming as well. The highlighted area is of particular concern. If we are going to make another run at the market it better cross that resistance level of 156.00. Upon breaking that we should break 157.50 and have another good leg up into January. Failure to break 156.00 (perhaps a retracement upon reching 152.50) will definately push this into a bear market at the turn of the year.
Tuesday, November 13, 2007
Tonight's chart shows the clear uptrend developing. The bottom was around 2pm yesterday and the trend took off. I have drawn in what I would consider the uptrend support line. There was a test of this line from 8am until 12pm today during the US market open. I consider this test to be nominal due to the increased volatility often observable during US market hours. A small support developed at 99.850 tonight around 5:30. That is the horizontal yellow line on the chart. I have my stops set at the vertical line with my small double position is taken out where this vertical line crosses the uptrend and my main position is set to be stopped out a bit lower than that to allow for a bit more volatility. Im trading the 50:1 and 30:1 similarily with a bit tighter stops on the 50:1 (this chart is the 30:1).
Several key economic numbers come out tomorrow which have me a bit concerned. S&P futures are currently trading flat after being a few points down earlier in the evening. I plan on setting tight stops tonight and securing today's profit. Im expecting a fair amount of consolidation in the next few days with 100 pip swings up and down throughout the day. Ill probably sit these out and hope the bull trend continues next week and try to double my money again.
Monday, November 12, 2007
I am currently waiting for SPY to hit 146.00 to leg in another 350 units. I suspect that if the US markets close on positive gains then the Nikkei should have a solid day tonight and the Carry trade should hopefully get some upward momentum. Tight stops are the key right now.
Monday, April 30, 2007
Sunday, April 22, 2007
And here is what I have to do....
Presentation on population forecasting.
14-30 page paper on population forecasting.
2 major assignments
Promoting a bicycle race this weekend
ummmm thats it I think.
I went mountain biking yesterday with Chris. It was great to get up on the mountain considering I havent been in like 9 months. It makes me want to start training for cross racing though. Cyclocross is the most addicting sport ever. It makes me almost want to sell my road bike to free up some cash for cross racing. Maybe I will train my ass off this summer so I can be really good at cross in the fall....its a thought.
Goodnight and maybe Ill post again in 6 weeks :D
Monday, April 2, 2007
Thursday, March 29, 2007
Monday: Class 8:30am-11:20 then work from 1pm-9pm
Tuesday: Class 8:30am-10:40am, Class 12:30pm-3:20pm, Work 5pm-9
Wednesday: Class 8:30am-11:20am
Thursday: Class 8:30am-10:40am, Class 12:30pm-3:20pm, Capital Management meeting 5-6:30pm
Friday: Class 8:30am-11:20am
Saturday: Work 10am-7pm
Sunday: Work 9am-6pm
Yup Im busy.
Friday, March 23, 2007
Tuesday, March 20, 2007
Joey is getting big though. Here is in the back of my parent's truck while we were out geocaching. He is over 60 pounds now. 3 months ago when I got him he was only about 20 so he has grown a lot.
Saturday, January 20, 2007
Cherry Pie Road Race: Sunday Feb 18th
-52.2 Miles of fun in Albany, OR
March 4th: Devils Slide Mtn Bike Race
-16 miles in the dirt in Lewiston, ID
March 11th: Banana Belt
-44 miles out of Portland, OR
Ive decided to take the weekend of the 18th off from racing and use it as some recovery time and then the collegiate season starts up!
March 24th-25th is Oregon State U
March 31st-April 1st is Western Washington U
April 14th-15th is Walla Walla
April 21st-22nd is Montana State U
April 28th-29th is University of Idaho (which I am race director for again...)