'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Monday, December 19, 2011

Suddenly it drops like a bomb for a loss of 19 points total...volatility in play...
Adding another contract for YM at 11835...
Bought YM at 11843 with stop at 11820...

Sunday, December 18, 2011

Futures market is on a downtrend as shown from this Globex trading.

Partly due to the recent news coming from Asia and from the North Korean leader's demise.

Another reason that a Santa Claus rally this week is already nil?

Let's see by tomorrow's regular open if there will be a miracle.

Saturday, December 17, 2011

Best and Worst Stocks of 2011



Friday, December 16, 2011

Christmas rally for the market looks dim.

Only a few trading days left before Christmas and there is/are no signs the market is bouncing from its grave.

Santa has run out of money to buy the market, instead he sold the market and the bears are on clouds.

Unless Tim Geithner prints money for Santa to buy the market, the market is in jeopardy.

Today's market turn positive in the open but run out of gas after an hour or so and buried itself into the mud.

It turn sideways till the close.

An ugly trading week for the market!


Exited the trade at 11874 for a break even, price action is not convincing...